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Forge Resources Ltd, Exploration Update West Eucla Project - Drilling Commences at the Bristol Target

Highlights

-  The positive results of the ground electromagnetic (EM) modelling has defined a basement conductor known as the Bristol target over a strike length of 1,200m.

-  A reverse circulation and diamond drilling program will commence at the West Eucla Project on the 10th July 2013 to test the Bristol target.  The program is designed to test the central (and best) part of the EM anomaly.

-  The holes are designed as a first pass assessment of the target and will test the target to a depth of 300m.

-  The Bristol EM anomaly is coincident with weakly anomalous nickel and copper surface geochemistry.  The anomaly may be due to mineralised (nickel-copper) sulphides, however it should be noted that the anomaly may also be due to barren sulphides, such as pyrite and/or pyrrhotite, or graphitic schist.

-  The EM anomaly source is blind to surface investigations, and drilling is required to ascertain the source of the anomaly.


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