Fuerte Metals Corporation is pleased to announce the commencement of a 40,000 m drilling program at its Coffee Gold Project (“Coffee” or “The Project”) in Canada’s Yukon Territory. Coffee hosts 3.0 million ounces (“Moz”) of gold in open-pit heap-leach Measured and Indicated Resource and an Inferred Resource of 0.8 Moz of gold. The drilling program will initially focus on infill drilling to convert a portion of the 0.8 Moz of Inferred gold resources to the Indicated category, for inclusion in the Feasibility Study being carried out by G Mining Services and scheduled for completion in late 2026. Subsequent drilling will test other exploration targets on the property.
The Coffee Gold Project is located approximately 130 km south of Dawson in Canada’s Yukon Territory (Figure 1). The project is situated within the prolific Yukon- Tanana Terrane (YTT), and within the wider Tintina Gold Province, which hosts numerous multi-million-ounce deposits and producing mines including Kinross’ Fort Knox Mine and Snowline’s Valley deposit. The lack of glaciation in the Yukon has allowed for the preservation of extensive oxide ore deposits such as Coffee and the nearby Casino copper-gold deposit.
Tim Warman, CEO of Fuerte Metals stated: “The Coffee Project has been a transformative acquisition for Fuerte, and we are rapidly advancing the project towards a construction decision in early 2027. This drilling program is an integral part of that process and is aimed at building up the Measured and Indicated resource base for inclusion in the Feasibility Study currently underway. The program will begin at the Supremo Extension zone, which is currently one of the highest-grade portions of the Coffee deposit. Because Supremo Extension is a more recent discovery, the drilling density is lower, and the bulk of the resource is currently classified as Inferred, so an early goal of the drilling program is to convert a significant portion of that resource to the Indicated category.”
The Coffee project is on a clear path to complete permitting and has strong financial and technical partners who have the vision to advance the project to production and build the next great Canadian gold producer. We respectfully acknowledge that protection of the water and lands around the Coffee Creek and mine project area is of high importance to First Nations and to Fuerte. Through cooperation, transparency, and respect, we pledge to continue to build on relationships with Tr’ondëk Hwëch’in, White River First Nation, Selkirk First Nation, and the First Nation of Na-Cho Nyäk Dun, whose Traditional Territories overlap or partially overlap with the project access road, and areas where exploration and mining activities may occur. We look forward to advancing Coffee to production and building a new Canadian gold producer, creating significant shareholder value and benefitting Fuerte’s stakeholders in the Yukon and beyond.
By – https://www.stocktitan.net/news/FUEMF/fuerte-metals-begins-40-000-m-drilling-program-at-the-coffee-gold-fvun8pxpbfyk.html