Fortitude Gold Drills 4.57 meters Grading 2.26 g/t gold and 12.19 meters Grading 1.06 g/t gold at County Line
Fortitude Gold (OTCQB:FTCO) reported multiple oxide gold drill intercepts at the East Pit of its County Line Property in Nevada. Notable results include 12.19 meters grading 1.06 g/t gold, 4.57 meters grading 2.26 g/t gold, and 0.67 meters grading 11.90 g/t gold. The East Pit is located 500 meters southeast of the main County Line historic open pit and 26 kilometers northwest of the Company's Isabella Pearl gold mine. The company plans to process County Line ore at Isabella Pearl's facilities and targets 2025 production, pending Bureau of Land Management permit approval.
Fortitude Gold (OTCQB:FTCO) ha riportato più risultati di perforazione di oro ossidato nella East Pit della sua proprietà County Line in Nevada. I risultati notevoli includono 12.19 metri con un grado di 1.06 g/t oro, 4.57 metri con un grado di 2.26 g/t oro, e 0.67 metri con un grado di 11.90 g/t oro. La East Pit si trova a 500 metri a sud-est della principale cava storica County Line e a 26 chilometri a nord-ovest della miniera d'oro Isabella Pearl della Società. L'azienda prevede di processare il minerale di County Line presso gli impianti di Isabella Pearl e punta a una produzione nel 2025, in attesa dell'approvazione del permesso da parte del Bureau of Land Management.
Fortitude Gold (OTCQB:FTCO) reportó múltiples intersecciones de perforación de oro óxido en la East Pit de su propiedad County Line en Nevada. Los resultados notables incluyen 12.19 metros con una ley de 1.06 g/t de oro, 4.57 metros con una ley de 2.26 g/t de oro, y 0.67 metros con una ley de 11.90 g/t de oro. La East Pit está ubicada a 500 metros al sureste de la principal mina a cielo abierto histórica County Line y a 26 kilómetros al noroeste de la mina de oro Isabella Pearl de la empresa. La compañía planea procesar mineral de County Line en las instalaciones de Isabella Pearl y tiene como objetivo la producción en 2025, pendiente de la aprobación del permiso del Bureau of Land Management.
Fortitude Gold (OTCQB:FTCO)는 네바다에 위치한 County Line 소유지의 East Pit에서 여러 산화 золото 시추 결과를 발표했습니다. 주목할 만한 결과로는 12.19미터에서 1.06 g/t 금 함량, 4.57미터에서 2.26 g/t 금 함량, 0.67미터에서 11.90 g/t 금 함량이 포함됩니다. East Pit은 주요 County Line 역사적인 노천광에서 남동쪽으로 500미터 떨어져 있으며, 회사의 Isabella Pearl 금광에서 북서쪽으로 26킬로미터 거리에 위치해 있습니다. 회사는 Isabella Pearl 시설에서 County Line 광석을 처리할 계획이며, 2025년 생산을 목표로 하고 있으며, Bureau of Land Management의 허가 승인을 기다리고 있습니다.
Fortitude Gold (OTCQB:FTCO) a annoncé plusieurs résultats de forage d'or oxydé à la East Pit de sa propriété County Line au Nevada. Parmi les résultats notables, on trouve 12,19 mètres avec une teneur de 1,06 g/t d'or, 4,57 mètres avec une teneur de 2,26 g/t d'or, et 0,67 mètres avec une teneur de 11,90 g/t d'or. La East Pit est située à 500 mètres au sud-est de la principale carrière historique County Line et à 26 kilomètres au nord-ouest de la mine d'or Isabella Pearl de la société. La société prévoit de traiter le minerai de County Line dans les installations d'Isabella Pearl et vise une production en 2025, sous réserve de l'approbation du permis par le Bureau of Land Management.
Fortitude Gold (OTCQB:FTCO) berichtete über mehrere Bohrabschnitte mit oxidiertem Gold in der East Pit seiner County Line-Liegenschaft in Nevada. Bemerkenswerte Ergebnisse sind 12,19 Meter mit einem Gehalt von 1,06 g/t Gold, 4,57 Meter mit einem Gehalt von 2,26 g/t Gold und 0,67 Meter mit einem Gehalt von 11,90 g/t Gold. Die East Pit befindet sich 500 Meter südöstlich der historischen Hauptgrube County Line und 26 Kilometer nordwestlich der Goldmine Isabella Pearl des Unternehmens. Das Unternehmen plant, das Erz von County Line in den Anlagen von Isabella Pearl zu verarbeiten, mit dem Ziel einer Produktion im Jahr 2025, vorbehaltlich der Genehmigung durch das Bureau of Land Management.
- Multiple high-grade gold intercepts discovered near surface
- Gold mineralization remains open for exploration in multiple directions
- Strategic location near existing Isabella Pearl processing facilities reduces capital requirements
- Planned operational synergy with Isabella Pearl mine for cost-effective processing
- Project development dependent on pending regulatory approvals
- Production timeline uncertainty due to permit approval process
COLORADO SPRINGS, CO / ACCESSWIRE / November 13, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced multiple oxide gold drill intercepts at and near surface from the East Pit located on the County Line Property. Intercepts include 12.19 meters grading 1.06 grams per tonne (g/t) gold, 4.57 meters grading 2.26 g/t gold, and 0.67 meters grading 11.90 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.
East Pit drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):
Hole# CLSN-24-004:
11.73 m of 0.81 g/t gold from surface
incl.
4.54 m of 1.23 g/t gold
Hole# CLSN-24-005:
17.53 m of 0.83 g/t gold from 0.76 meters
incl.
1.45 m of 2.48 g/t gold &
2.06 m of 1.50 g/t gold
Hole# CLRC-408:
16.76 m of 0.90 g/t gold from surface
incl.
1.52 m of 2.19 g/t gold &
3.05 m of 1.18 g/t gold
Hole# CLRC-409:
18.29 m of 0.67 g/t gold from surface
incl.
1.52 m of 1.16 g/t gold
4.57 m of 2.26 g/t gold
incl.
1.52 m of 4.69 g/t gold
Hole# CLRC-412:
12.19 m of 1.06 g/t gold
These latest County Line East Pit drill results build on previous results including 3.05 meters of 2.11 g/t gold within 38.10 meters of 0.75 g/t gold. This most recent program intercepted multiple intervals of oxide gold mineralization at and near surface. The East Pit is located approximately 500 meters southeast of the main County Line historic open pit. The Company targets 2025 County Line gold production from both pits, subject to federal Bureau of Land Management permit approval timing.
The County Line project is located approximately 26 kilometers northwest of the Company's operating flagship Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets County Line ore feed for its Isabella Pearl operation. The proximity of the two properties is expected to allow the trucking of ore from the County Line property to the Company's Isabella Pearl Project with its existing heap leach pad and gold processing facilities. The Company targets the County Line project as its second Nevada gold mine as it moves the project through the permitting phase
"This latest County Line East Pit drill program consistently intercepted oxide gold mineralization at and near surface," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "Gold mineralization at the East Pit remains open to more exploration in multiple directions. We look forward to future drill programs to not only build on these results, but also to test undrilled nearby targets with a goal of adding additional gold resources at the County Line property."
"It is exciting to see our County Line East Pit continue to deliver near surface and surface oxide gold mineralization which include gold pockets as high as 11.90 grams per tonne gold," stated Mr. Jason Reid, CEO and President of Fortitude Gold. "We continue to push the project through the permitting phase and eagerly await permit approval to build our second mine. The Biden-Harris administration was brutal for business, and I am thrilled with the recent federal election results and the emanate return to a business-friendly federal administration. Our plan to leverage our nearby Isabella Pearl processing facilities and mine County Line as an aggregate operation, trucking ore a short distance down the highway, should allow us to move this project into production on an expedited basis once we receive all regulatory approvals."
COUNTY LINE EAST PIT NOVEMBER 2024 DRILL SUMMARY HIGHLIGHTS | |||||
Hole # | Angle |
| From | Interval | Au |
deg |
| Meters | Meters | g/t | |
CLSN-24-001 | -90 |
| 0.00 | 9.75 | 0.76 |
incl. | 2.13 | 0.91 | 2.32 | ||
| 16.22 | 2.53 | 1.06 | ||
CLSN-24-0002 | -90 |
| 0.00 | 9.22 | 0.63 |
incl. | 8.11 | 0.70 | 1.68 | ||
| 14.57 | 0.67 | 11.90 | ||
| 23.39 | 1.75 | 2.14 | ||
CLSN-24-003 | -90 |
| 0.00 | 1.52 | 0.54 |
| 2.13 | 1.19 | 0.35 | ||
CLSN-24-004 | -90 |
| 0.00 | 11.73 | 0.81 |
incl. | 0.00 | 4.54 | 1.23 | ||
| 12.68 | 2.96 | 0.36 | ||
| 17.07 | 10.36 | 0.56 | ||
CLSN-24-005 | -90 |
| 0.76 | 17.53 | 0.83 |
incl. | 11.00 | 1.45 | 2.48 | ||
incl. | 13.18 | 2.06 | 1.50 | ||
CLRC-405 | -74 |
| 0.00 | 12.19 | 0.40 |
| 19.81 | 6.10 | 0.32 | ||
CLRC-406 | -55 |
| 0.00 | 22.86 | 0.54 |
CLRC-407 | -68 |
| 0.00 | 18.29 | 0.63 |
incl. | 0.00 | 1.52 | 1.05 | ||
incl. | 16.76 | 1.52 | 1.11 | ||
CLRC-408 | -78 |
| 0.00 | 16.76 | 0.90 |
incl. | 7.62 | 1.52 | 2.19 | ||
incl. | 12.19 | 3.05 | 1.18 | ||
CLRC-409 | -68 |
| 0.00 | 18.29 | 0.67 |
incl. | 0.00 | 1.52 | 1.16 | ||
| 21.34 | 4.57 | 2.26 | ||
incl. | 21.34 | 1.52 | 4.69 | ||
CLRC-410 | -43 |
| 0.00 | 27.43 | 0.50 |
CLRC-411 | -90 |
| 0.00 | 6.10 | 0.50 |
| 9.14 | 4.57 | 0.46 | ||
| 18.29 | 1.52 | 1.16 | ||
| 41.15 | 1.52 | 1.08 | ||
CLRC-412 | -75 |
| 0.00 | 7.62 | 0.42 |
| 10.67 | 12.19 | 1.06 | ||
Assays by American Assay Laboratories, Sparks, Nevada, USA. Meters downhole, not true width. | |||||
About Fortitude Gold Corp.:
Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company's Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.
Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.
Contact Information
Greg Patterson
VP Corporate Development
greg.patterson@fortitudegold.com
7197179825
SOURCE: Fortitude Gold Corp.
View the original press release on accesswire.com
FAQ
What are the latest gold drilling results at Fortitude Gold's County Line Property (FTCO)?
When does Fortitude Gold (FTCO) plan to start production at County Line?
How far is County Line from Fortitude Gold's (FTCO) Isabella Pearl mine?
