April 20, 2023
Forsys Metals Corp. (TSX:FSY, Not Rated, David A. Talbot) announced that it commenced a ~4,100m drill program at its Norasa U project in Namibia. The program will entail 2,115m of geotechnical drilling (Valencia – 1,565m and Namibplaas – 550m) and 1,980m of resource drilling (Valencia – 675m and Namibplaas – 1,305m). The program aims to retrieve samples at depths of up to 420m from the slope areas for the project’s two planned mining pits at Valencia and Namibplaas (see map). The focus will be on geotechnical logging and sampling for geo-mechanical testing for 1) optimizing pit designs; 2) testing the continuity of mineralization for optimized resource modelling; and 3) sampling for metallurgical test work and for optimized processing design and resource block modelling of the orebodies. We expect the results of these studies to inform an updated DFS, which could also include the results of ongoing technical trade-off studies (read more). An update on the company’s Sep/22 application for a 25-year mining license for the Namibplaas deposit (read more) is also pending. Read more
Company Specific Disclosure Details
Forsys Metals Corp. – TSX:FSY – 1,2
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