CUAU:CC - Forte Minerals Receives Environmental Impact Statement (DIA) Approval for its Esperanza Porphyry Cu-Mo Project in Southern Perú
(NewsDirect)
Forte MineralsCorp . ( “ Forte ” or the “ Company ” ) ( CSE:CUAU ) ( OTQB:FOMNF ) ( Frankfurt:2OA ) is pleased to announce receipt of theEnvironmental Impact Statement (“ DIA ”) approval for its100% owned Esperanza porphyry Cu-Mo project (“ Esperanza ”)located in the department of Arequipa, in Southern Perú. The Companyis delighted to be awarded the DIA approval by the Peruvian Ministryof Energy and Mines (“ MINEM ”) after more than two years ofenvironmental baseline studies, archeological assessments, socialengagement, and government processing. The DIA is an extensiveenvironmental authorization that enables the Company to drill up to 40platforms over a 5-year timeline. The final drill permit will bedelivered by MINEM upon completion of the prior consultation process(Consulta Previa) with the local indigenous communities.
Esperanza is anearly-stage porphyry Cu-Mo prospect located in southern Perú, roughly180 km northwest of Arequipa. The project consists of 4000 ha ofmineral concessions 100% owned by Forte’s Peruvian subsidiary, AmaruResources S.A.C. (“ Amaru ”). The prospect occurs within amagmatic arc composed of late Cretaceous to early Paleocene plutonstraceable from Perú’s southern border to at least 200 km to thenorthwest of Arequipa. The Paleocene component of the magmatic arcdefines the Southern Perú Copper Belt, known to host several giantporphyry Cu-Mo deposits, including Cerro Verde, Quellaveco, Cuajoneand, Toquepala (Figure 1).
GlobeTrotters Resources Perú S.A.C. ('GlobeTrotters')initially identified the Esperanza porphyry as part of their regionalgenerative exploration program, targeting porphyry Cu-Mo systems alongthe extension of the Paleocene magmatic arc, extending northwest fromCerro Verde. Geological mapping, outcrop geochemical sampling andgeophysical surveys completed by GlobeTrotters outlined a large 2.8 x1.7 km Cu-bearing potassic alteration zone partially exposed beneaththe post-mineral volcanic cover (Figure 2). Debris from an erodedphyllic altered jarositic leached capping zone exposed along the baseof the post-mineral volcanic cover (Figure 3) and geophysical data(Figure 4) support the presence of a partially buried, large,mineralized porphyry complex with potential for a supergene enrichmentblanket and primary Cu sulphide mineralization currently untested bydrilling.
Forte’s President and CEO Patrick Elliott comments,“ This is an outstanding untested porphyry Cu-Mo project thatshows all the indications of a large, well preserved, mineralizedporphyry complex situated in one of the most fertile miningjurisdictions in South America. The DIA approval for thisproject as well as our Pucarini high sulphidation epithermal goldproject (news release dated September29 th , 2023 ) are significant milestones and we arethrilled for the opportunity to maiden drill test these highlyprospective targets. ”
Forte’s Exploration Manager Manuel Montoyacomments, “The Esperanza porphyry is interpreted to occur alongthe northwest extension of the Paleocene magmatic arc, which is knownto host some of the largest porphyry Cu-Mo deposits in Perú includingCerro Verde, Quellaveco, Cuajone, and Toquepala. Esperanza has asimilar large hydrothermal alteration footprint and exhibits the scaleand geological features needed for a Tier-1 discovery.”
ESG andSustainability
Forte's extensive experience in Perú gives us a uniqueunderstanding of the country's environmental and culturallandscape, distinguishing us from competitors. The Companycollaborates with an environmental consultancy, complemented by ourin-house social engagement team, to ensure our exploration,permitting, and community engagement practices meet compliancestandards and foster positive, mutually beneficial relationships withlocal communities.
Our recent partnership with Social Suite, a leading ESGsoftware tailored for Junior Exploration and Mining companies,revolutionizes how we manage data and enhance our ESG reporting. Thisstep forward is crucial in advancing transparency, strengtheningstakeholder communication, and amplifying our impact oninvestors.
AddingMike Carter as our Lead Energy Advisor is a strategic move to bolsterour ESG initiatives. His extensive experience will be invaluable inaligning Forte's community-centric projects with internationalstandards and local community expectations.
While our primary focusis discovering and exploring new Cu and Au deposits, Forte is equallycommitted to setting new benchmarks in ESG and sustainability withinthe junior exploration and mining industry.
About Esperanza
Esperanza isa 100% owned 4000 ha porphyry Cu-Mo project located along thenorthwestern extension of the Southern Perú Copper Belt. ThePaleocene magmatic arc is endowed with some of the world’s largestcopper deposits. Existing porphyry Cu mines, and recent discoveriesmake this a highly prospective region of Perú for Cu exploration,discovery, and future mine development.
Esperanza consists of a large porphyry Cu-Mosystem measuring 4.2 x 3.1 km in area and partially buried underMiocene post-mineral volcanic cover. The center of the porphyry systemconsists of a 2.8 x 1.7 km potassic alteration zone that is poorlyexposed and inferred from the interpretation of existing geological,geochemical, and geophysical data. Geological mapping and samplingalong the edge of the post-mineral cover outline Cu-bearing veinpatterns typical of the potassic alteration. Exposures of debris froman eroded phyllic altered jarositic leached capping zone mapped at thebase of the post-mineral cover also suggest the potential forsupergene enrichment. This, in conjunction with the geophysical data,supports the presence of a large, mineralized porphyry complex buriedbeneath post-mineral volcanic cover, which is highly prospective for asupergene enrichment blanket and primary Cu mineralization whichremains untested by drilling.
Qualified Personand NI 43-101 Disclosure
Richard Osmond, P.Geo., is the Qualified Person asdefined by National Instrument 43-101 responsible for the accuracy oftechnical information contained in this news release.
About Forte MineralsCorp.
ForteMinerals Corp., a junior exploration company that has blended assetsin partnership with GlobeTrottersResources Perú S.A.C., has built a robust portfolio ofhigh-quality Cu and Au assets in Perú. The Company aims to generatesignificant value growth by strategically situating early-stage anddrill-ready targets alongside a historically discovered and drilledporphyry system for Cu and Au resource development. Notwithstandingits resource focus, Forte is deeply committed to community engagement,environmental stewardship, and fulfilling its societalresponsibilities.
On behalf of FORTE MINERALS CORP.
(signed) “ PatrickElliott”
Chief Executive Officer
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Patrick Elliott,President & CEO
+1 604-983-8847
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