Hectares in the Pucarini claim
CSE: CUAUC$—OTCQX: FOMNFUS$—FSE: 2OA€—High-Sulfidation Gold Puno, Southern Peru
Pucarini.
Status: First-Pass Drilling Completed
Explore the Project A high-sulfidation gold project in southern Peru, comprising a 1,000-hectare core claim and 6,100 hectares of regional concessions. Forte reported completion of its first-pass drill program in March 2026.
Combined District Position
7,100ha
1,000 ha core claim + 6,100 ha regional concessions
Project Overview
A Surface System
with Depth.
Pucarini is a 100%-owned high-sulfidation gold project 43 kilometres west-northwest of Juliaca. Multiple gold-bearing advanced argillic alteration zones sit within a 3.6 × 1.8 kilometre hydrothermal footprint, where surface geochemistry aligns with resistivity, chargeability and magnetic anomalies.
Kilometre hydrothermal footprint
Forte Minerals project interest
Environmental approval secured in 2023
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 on this page.
Southern Peru Miocene Belt
Positioned in an Established Gold District.
The property lies in Lampa Province, Department of Puno, near a region with numerous epithermal gold occurrences and past producing mines. Teck mapped and sampled the property between 2011 and 2015 before Forte’s group acquired the claim in 2018.
- Nearest Town
- Lampa · 16 km east
- Regional Centre
- Juliaca · 43 km ESE
- Access
- Maintained public roads
Current Program Status · March 2026
First-Pass Drilling
Is Complete.
Forte completed a five-hole, 1,530-metre first-pass drill program at Pucarini. Mineralization was limited: one hole returned anomalous gold, copper and molybdenum values, and no significant mineralization was intersected in the remaining four holes.
Diamond holes completed
Metres drilled in the first-pass program
Hole returned anomalous gold, copper and molybdenum values
Remaining holes with no significant mineralization intersected
Drilling Outcome
Limited Mineralization Intersected.
Drilling confirmed the presence of the targeted hydrothermal system. Assay results returned anomalous gold, copper and molybdenum values in one drill hole only. No significant mineralization was intersected in the other four holes.
Equipment has been demobilized and environmental remediation will be completed. Forte has stated that its primary strategic focus remains on advancing the Alto Ruri gold project.
Read the March 27, 2026 News ReleaseForte also announces the completion of a five-hole, 1,530-metre exploration drill program at its 100%-owned Pucarini High-Sulfidation Gold Project (“Pucarini”) in southern Peru. Drilling confirmed the presence of the targeted hydrothermal system. Assay results returned anomalous gold, copper, and molybdenum values in one drill hole, with no significant mineralization intersected in the remaining four holes. Equipment has been demobilized, and environmental remediation will be completed.
Pucarini presented a robust surface anomaly that warranted a first-pass test. We are proud of our team’s ability to execute a safe, cost-effective program at Pucarini. Our primary strategic focus remains on advancing the historically discovered Alto Ruri high-sulphidation gold project,” stated Patrick Elliott, President & CEO of Forte Minerals.
Qualified Person
Richard Osmond, P.Geo., an Independent Director of Forte and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
The information can also be viewed in the NI 43-101 Technical Report on the Pucarini Property, filed on SEDAR+ in November 2021.
- DIA Approval
Environmental Impact Statement (DIA) approval received for Pucarini.
News Release - Drilling Commenced
Diamond drilling began on the first-ever drill program at the project.
News Release - First-Pass Drilling Completed
Five holes, 1,530 metres. Anomalous values in one hole; no significant mineralization in the remaining four.
News Release
Project Summary
Summary
- 1,000 ha Pucarini claim and 6,100 ha regional concessions, 100% Forte Minerals.
- Multiple, gold-bearing advanced argillic alteration zones within a 3.6 x 1.8 km argillic alteration footprint.
- Anomalous Au geochemistry coincides with resistivity and chargeability anomalies.
- 2022 Regional follow-up program identified three new discoveries of epithermal mineralization in Miocene Arc like Pucarini.
- Targets are untested by drilling.Note: this statement was published before the first-pass drill program. Five holes (1,530 metres) were completed in March 2026; see Drill Results above.
- NI 43-101 Technical Report Feb 2021
- Communities are amenable to project advancement.
- DIA approval September 2023.
The Pucarini Property
The Pucarini Property consists of a single 1,000 ha (GBT-92) claim centred at 70º 30’ 51” W; 15º 55’ 56” S. The concession was acquired by Globetrotters Resources Peru SAC (“Globetrotters”) in 2018 and is currently held by Cordillera Resources SAC, a 99.99% owned subsidiary of Forte.
The Property is an early-stage high-sulfidation gold project located approximately 43 km west-northwest of the city of Juliaca in the Department of Puno, Peru. The property was mapped and sampled by Teck Resources Peru SAC in the period 2011-2015, and subsequently dropped without having been tested by drilling.
Infrastructure
Regular scheduled commercial flight service is available from the Juliaca airport to Lima and other major airports throughout Peru. Access to the property is by unpaved, maintained public roads from Lampa, which is the closest town located 16 km to the east of the Property. Lampa is connected to Juliaca and Arequipa by the national highway network. Most of the population in the vicinity of the Property is involved with agriculture. Lampa is connected to the National electric grid.
Climate
Pucarini has a temperate climate with a wet season from October through March and a dry season from April to September. Temperature averages 6.2 (0.7-17.4 C) in the wet season and 8.8 (-4.4-15.8). Precipitation averages 88.0 mm during the wet season and 14.5 mm during the dry season. Snow is common August through November at higher elevations.
- Wet Season
- October to March · 88.0 mm avg. precipitation
- Dry Season
- April to September · 14.5 mm avg. precipitation
Exploration Model
Four Datasets.
One Coherent Target.
Rock and soil geochemistry, mapped alteration and three geophysical methods converge across the principal target area. The model placed a high-sulfidation gold target above a possible deeper porphyry Au-Cu-Mo target. First-pass drilling of this model was completed in March 2026, with limited mineralization intersected (see Drill Results).
Gold Geochemistry1,200 × 600 m
High Chargeability1,500 × 600 m
Vertical Extent400 m
Deeper SignalMagnetic anomaly
Exploration Target – Geophysics & Geochemistry
- Exploration targets identified based on integration of rock and soil geochemistry, chargeability, resistivity, and geology.
- Outcrop sampling demonstrates advanced argillic-altered structures are gold-bearing.
- High resistivity anomaly suggests a more intense and coherent silicic alteration at depth.
- High chargeability anomaly coincides with surface gold geochemistry. The chargability anomaly demonstrates dimensions of 1.5 km in strike length x 600 metres wide and 400 metres deep. This suggests sulphide mineralization could be associated with this high chargeability anomaly.
- A high magnetic anomaly centered in the middle of the system suggests a deep rooted porphyry intrusive exists at depth.
The exploration target above was defined before drilling. The March 2026 first-pass drill program returned anomalous gold, copper and molybdenum values in one hole, with no significant mineralization intersected in the remaining four holes.
Surface Expression
Alteration Mapped
across the System.
Massive and granular silica ledges, vuggy silica and advanced argillic alteration textures define the high-sulfidation environment. Gold-bearing rock and soil samples occur across several structural corridors within the mapped footprint.
Massive Silica
Advanced Argillic
Target Corridors
Project Film
Pucarini,
from the Field.
Beyond the Core Claim
A Wider District
to Evaluate.
Forte used the hydrothermal alteration signature recognized at Pucarini to evaluate the surrounding Miocene arc. The 2022 follow-up program identified three new occurrences of epithermal mineralization across the regional land package.
Regional Concessions
6,100ha
In addition to the 1,000-hectare Pucarini claim
Pucarini Regional Exploration Program
September 21, 2022 News Release- Regional Staking of 6,100 ha in addition to the 1,000 ha Pucarini Claim.
- Area selection influenced by knowledge gained at Pucarini and the expression of similar hydrothermal alteration patterns.
- The region is rich in epithermal gold occurrences with several operations and past producing mines nearby.
Three New Occurrences
Low- to high-sulfidation epithermal alteration identified in the surrounding mineral belt.
Practical Access
Public roads connect the property through Lampa to Juliaca and Arequipa; Lampa is connected to the national power grid.
Defined Tenure
Mining titles are administered through INGEMMET, and Peruvian concessions are valid for exploration and mining activities.
Tenure and Regulation
Mineral Rights in Peru
The General Mining Law of Peru defines and regulates different stages of mining activities ranging from sampling and prospecting, to development, mining, and processing. The General Mining Law of Peru was changed in the mid-1990’s to foster the development of the country’s mineral resources. The law further defines and regulates different categories of mining activities according to the stage of development (prospecting, exploitation, processing, and marketing).
The Peruvian State does not have free carry rights or options to acquire shareholdings in mining companies. There are no requirements for participation in ownership of mining rights by indigenous persons, groups or entities. Titles over mineral claims are controlled by the Institute of Geology, Mining and Metallurgy (“INGEMMET”). The current status of any mining right can be verified by accessing INGEMMET’s nationwide online concessions database at https://geocatmin.ingemmet.gob.pe/geocatmin/
Mining concessions in Peru are valid for both exploration and mining activities.
Project Materials