Forte Minerals Commences First-Ever Drilling at the Pucarini High-Sulfidation Gold Project, Puno, Peru
For Immediate Release November 26, 2025
Forte Minerals Commences First-Ever Drilling at the Pucarini
High-Sulfidation Gold Project, Puno, Peru
• Five-hole 1,750m drill program underway
• Testing for potential large-scale high-sulphidation epithermal gold system
• Assay results expected early Q1 2026
Vancouver, British Columbia, November 26, 202 5 – Forte Minerals Corp. (“Forte” or the
“Company”) (CSE: CUAU) ( OTCQB: FOMNF ) ( Frankfurt: 2OA) is pleased to announce that
diamond drilling has commenced at its 100%-owned Pucarini High- Sulfidation Gold Project
(“Pucarini” or the “Project”) in southern Peru. This marks the first-ever drill program on the Project
and represents a significant milestone following several years of geological work, community
engagement, and environmental permitting.
Pucarini is located within t he Southern Peru Miocene Mineral Belt, which hosts numerous
epithermal gold (“Au”) and porphyry copper -molybdenum (“Cu-Mo”) deposits. The Project
exhibits a large-scale hydrothermal alteration footprint with high-sulphidation epithermal Au type
mineralization, similar to those of neighbouring and regional deposits in the Puno region of
Southern Peru.
Figure 1 - Key Mineral Belts of Southern Peru, INGEMMET, 2020.
Figure 2 – Pucarini Au Geochemistry - IP Chargeability-Resistivity 3D Model - Ground Magnetic
Susceptibility 3D Model and Proposed Drilling
Over the past several years, Forte has carried out detailed mapping, geochemistry, multispectral
mineralogical analysis, and ground geophysics, while also building strong, long-term relationships
with local communities. The Company secured its DIA drilling permit in August 2023 (refer to
news release – September 29, 2023) and entered into a renewed one- year Community
Agreement on March 1, 2025, ensuring local support for the 2025– 2026 exploration drilling
program.
Inaugural Drill Program
The Phase I program consists of:
• 5 diamond drill holes
• 1,750 metres total (~350 m per hole)
• Testing a potential large-scale high-sulfidation epithermal gold system.
The drill targets were prioritized based on coincident gold geochemistry, high-sulfidation alteration
zones, and high resistivity geophysical anomalies, creating a potential cohesive exploration
model.
Figure 3 – Pucarini Au in Rock and Soil Geochemistry - Ground High Magnetic Susceptibility and
Proposed Drill Hole Locations (1,750 m Proposed)
Figure 4 – Pucarini Diamond Drill Hole #1 in Cross section – Shallow IP High Chargeability/High
Resistivity Anomaly with Deeper IP High Chargeability/Low Resistivity Anomaly.
Figure 5 – Pucarini Diamond Drill Hole #2 in Cross section - IP High Chargeability/ Low Resistivity
Anomalies Coincident with a High Magnetic Susceptibility Anomaly
Figure 6 – Pucarini Diamond Drill Hole #3 in Cross section - IP High Chargeability/ Low Resistivity
Anomaly and Deeper High Magnetic Susceptibility Anomaly
The 1,000-hectare 100% owned Pucarini Project contains multiple advanced argillic alteration
zones within a 3.6 km by 1.8 km hydrothermal alteration footprint. These zones are characterized
by massive and granular silica ledges, vuggy silica, and high-sulfidation alteration textures, all
consistent with high-sulfidation epithermal Au alteration and mineralization on surface.
Forte has identified a cohesive Au geochemical anomaly in rocks and soils that spans 1,200 m
by 600m, supported by a large 1 ,500 m by 600 m high chargeability anomaly. This is also
coincident with a deep-rooted high magnetic susceptibility anomaly that potentially outlines a Au-
Cu-Mo porphyry system at depth. Lower levels of anomalous Cu and Mo geochemistry in rocks
and soils dominate the main target zone lending more conviction to a potential deeper porphyry
target. Together, these datasets outline a robust, untested high-sulphidation epithermal Au target
overprinting a potential porphyry Au-Cu-Mo target at greater depth.
With drilling now underway, the Company is positioned to unlock the first subsurface information
ever collected from this extensive system. Core processing and sampling from the first drill hole
is now underway, and the Company anticipates delivering first assay results to the market in early
Q1 2026.
Figure 7 - Pucarini Project high sulfidation epithermal alteration with anomalous Au in surface rock
geochemistry
For more details on the geology, targeting methodology, and exploration model at Pucarini, please
visit the project page: https://forteminerals.com/projects/pucarini/
Forte’s President & CEO Statement,
Patrick Elliott commented:
“The start of drilling at Pucarini is a major
milestone for Forte. After years of
geological groundwork, permitting
progress, and meaningful collaboration
with local communities, we are finally able
to test what we believe is one of the most
compelling untested high-sulfidation gold
exploration targets in southern Peru.
The scale of the alteration system, the
strength of the geophysics, and the
consistency of the gold anomaly make
this a highly attractive first-pass discovery
opportunity. With drilling underway, we
look forward to sharing initial results with
the market in December.”
Strengthened Balance Sheet and Strategic Alignment
Over the past four months, Forte has welcomed two new strategic investors, each investing C$5.7
million, bolstering the Company’s treasury and aligning long- term development plans across all
projects. These investors bring significant in- country operational experience and will play an
important role in unlocking value not only at Pucarini, but also at the Company’s second Au asset,
the Alto Ruri Gold Project.
Alto Ruri Gold Project (15 km from Barrick’s Pierina Mine)
While drilling progresses at Pucarini, Forte remains committed to advancing its second Au project,
Alto Ruri, located approximately 15 km from the past -producing Pierina Mine, one of Barrick’s
former cornerstone operations. Alto Ruri hosts shallow historical drilling, high- resistivity
geophysical anomalies, and district-scale epithermal signatures, underscoring its potential for a
near-surface Au discovery (refer to the news release dated March 4th, 2024).
With the support of two new strategic investors with deep operational experience in Peru ,
advancing environmental permitting at Alto Ruri is a key priority as the Company prepares the
project for future drilling.
Qualified Person and NI 43-101 Disclosure
Richard Osmond, P .Geo. , an Independent Director , is the Company’s Qualified Person
(“Qualified Person”) as defined by National Instrument 43-101. He has reviewed and approved
the technical information contained in this news release.
The information contained in this press release can also be viewed in the NI 43 -101 Technical
Report on the Pucarini Property, filed on SEDAR+ in November 2021.
About Forte Minerals
Forte Minerals Corp. is a well-funded exploration company with a strong portfolio of high-quality
copper and gold assets in Peru. Through a strategic partnership with GlobeTrotters Resources
Perú S.A.C., the Company gains access to a rich pipeline of historically drilled, high-impact targets
across premier Andean mineral belts. The Company is committed to responsible resource
development that generates long-term value for shareholders, communities, and partners.
On behalf of Forte Minerals Corp.
(signed) “Patrick Elliott”
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer
Forte Minerals Corp.
T: (604) 983-8847
Investor Inquiries
Kevin Guichon, IR & Capital Markets
C: (604) 612-0997
Media Contact
Anna Dalaire, VP Corporate Development
www.forteminerals.com
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