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Highlights
Forsys Metals reports new uranium intercepts from 115 boreholes totaling 11,739 metres drilled at the Valencia deposit under the Norasa Uranium Project.
Infill and extension drilling at Valencia Main, South, West, East, and the Jolie Zone continue to demonstrate mineralization, with intercepts up to 623 ppm eU3O8.
Completion of QAQC and independent laboratory validation supports the integrity of the reported drilling results.
Forsys Metals Corp. (TSX:FSY) (FSE:F2T) (NSX:FSY) announced further drilling results from its ongoing extension and exploration program at the Valencia deposit (ML 149), part of the Company’s Norasa Uranium Project in Namibia. Since its last update on February 26, 2025, Forsys has drilled an additional 115 boreholes totaling 11,739 metres, with 10,832 metres of processed downhole gamma survey results now received.
The drilling program, comprising both infill and resource extension drilling, has intersected new uranium mineralization within the Valencia Main pit shell volume. The results indicate potential to add ore tonnage and reduce the stripping ratio, improving the overall project profile.
Valencia Main Pit
At Valencia Main, 74 drill holes totaling 5,787 metres have been completed since February 2025. Infill drilling is aimed at converting 26Mt of Indicated Resources to Measured status. Key intercepts include 407 ppm eU3O8 over 53 metres in drillhole VA25-229 and 364 ppm eU3O8 over 55 metres in drillhole VA25-264. These results indicate potential to enhance both tonnage and grade within the existing pit shell.
Valencia South
Follow-up drilling at Valencia South tested the down-plunge extension of the Valencia Main deposit. Two boreholes totaling 180 metres have been completed, with results such as 338 ppm eU3O8 over 13 metres and 282 ppm eU3O8 over 54 metres in drillhole VA25-289. The aim of this program is to expand and upgrade resources in the southern extension.
Valencia West
At Valencia West, 992 metres of drilling across seven boreholes has intersected new uranium mineralization along strike, down dip, and near surface. Notable results include 271 ppm eU3O8 over 9 metres in drillhole VA25-288. The Company believes drill spacing is sufficient for Indicated Resource classification, potentially extending the Valencia Main pit by approximately 150 metres westward.
Valencia East and Jolie Zone
Exploration drilling at Valencia East (11 boreholes totaling 1,574 metres) has produced results including 184 ppm eU3O8 over 25 metres in drillhole VA25-295. Extension drilling is ongoing to the south of the historic resource.
At the Jolie Zone, located 600 metres north of Valencia Main, 12 boreholes totaling 2,009 metres have identified two sub-parallel mineralized intrusions. Results include 623 ppm eU3O8 over 11 metres in drillhole VA25-273, with mineralization continuity demonstrated across a 350-metre strike length.
Quality Assurance and Quality Control (QAQC)
All drilling samples were subject to rigorous QAQC measures, including Certified Reference Materials, blanks, duplicates, and cross-validation with radiometric logging. Samples were analyzed by SGS Laboratories in South Africa, with 4% also submitted to UIS Laboratories for independent check assays. Results were further validated against downhole radiometric scans, confirming accuracy.
Forsys stated that these results support the advancement of resource definition and highlight the potential for resource expansion across multiple targets within the Norasa Uranium Project.
