Skip to main content

Forsys Metals Corp(FSY-T)
TSX

Today's Change
Real-Time Last Update

Stocks in play: Forsys Metals Corp.

Baystreet - Tue Dec 5, 2023

Has launched a broad-ranging initiative to reassess its 2015 Feasibility Study for its fully owned Norasa Project in Namibia. The Company sees potential to improve project economics by optimizing pit parameters and examining the potential of using heap leaching in mineral processing. The work program that began in mid-2023 and is anticipated to finish in mid-2024 includes the following components: 4,100 metre (“m”) drilling program aimed at enhancing geotechnical assessments and obtaining fresh ore samples for additional metallurgical test work; Geotechnological optimization of pit parameters to reduce stripping ratio; Evaluation of alternative metallurgical processes, including heap leaching, to reduce capital and operational expenses; Critical review of all linear infrastructure and utilities. Forsys Inc. shares T.FSY are trading down $0.02 at $0.80.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe