Fortitude Gold Drills 9.14 Meters Grading 2.33 g/t Gold Within 16.76 Meters Grading 1.58 g/t Gold at Scarlet North
Fortitude Gold Corp. (OTCQB:FTCO) has announced significant oxide gold drill intercepts at the Scarlet North target along the Isabella Pearl trend in Nevada. Key highlights include:
- 9.14 meters grading 2.33 g/t gold within 16.76 meters grading 1.58 g/t gold
- Multiple near-surface gold intercepts
- Rock chip samples from a new, undrilled target area, with the highest assaying 2.24 g/t gold
The Scarlet North target is located just 700 meters northwest of the Isabella Pearl heap leach and process facility. The company aims to define a potentially significant disseminated gold system and move closer to an initial resource. Fortitude Gold is considering submitting a permit modification to expand the current Isabella Pearl mine plan boundary to include the Scarlet North area for mining and exploration.
Fortitude Gold Corp. (OTCQB:FTCO) ha annunciato significativi intercetti di oro ossidato nel target Scarlet North lungo il trend di Isabella Pearl in Nevada. I punti salienti includono:
- 9,14 metri con una gradazione di 2,33 g/t di oro all'interno di 16,76 metri con una gradazione di 1,58 g/t di oro
- Molteplici intercetti di oro vicino alla superficie
- Campioni di roccia prelevati da una nuova area non perforata, con il valore analitico più alto che raggiunge 2,24 g/t di oro
Il target Scarlet North si trova a soli 700 metri a nord-ovest della pila di liscivia e dell'impianto di trattamento Isabella Pearl. L'azienda mira a definire un potenziale sistema di oro disseminato significativo e a fare progressi verso una risorsa iniziale. Fortitude Gold sta considerando di presentare una modifica del permesso per espandere il confine del piano di estrazione attuale di Isabella Pearl per includere l'area Scarlet North per l'estrazione e l'esplorazione.
Fortitude Gold Corp. (OTCQB:FTCO) ha anunciado importantes intercepciones de oro óxido en el objetivo Scarlet North a lo largo de la tendencia de Isabella Pearl en Nevada. Los aspectos destacados incluyen:
- 9,14 metros con una ley de 2,33 g/t de oro dentro de 16,76 metros que tienen una ley de 1,58 g/t de oro
- Múltiples intercepciones de oro cerca de la superficie
- Muestras de roca de una nueva área no perforada, con el análisis más alto de 2,24 g/t de oro
El objetivo Scarlet North se encuentra a solo 700 metros al noroeste de la pila de lixiviación e instalación de procesamiento de Isabella Pearl. La compañía tiene como objetivo definir un sistema de oro diseminado potencialmente significativo y acercarse a un recurso inicial. Fortitude Gold está considerando presentar una modificación de permiso para expandir el límite del plan de mina actual de Isabella Pearl para incluir el área Scarlet North para la minería y la exploración.
Fortitude Gold Corp. (OTCQB:FTCO)는 네바다의 Isabella Pearl 트렌드에 있는 Scarlet North 타겟에서 중요한 산화 금 드릴 인터셉트를 발표하였습니다. 주요 하이라이트는 다음과 같습니다:
- 9.14미터에서 2.33 g/t 금 성분, 16.76미터에서 1.58 g/t 금 성분
- 여러 개의 지표 근처 금 인터셉트
- 새로운 비드릴링 지역의 암석 샘플, 최고 분석값 2.24 g/t 금
Scarlet North 타겟은 Isabella Pearl의 침출 및 처리 시설에서 북서쪽으로 약 700미터 떨어진 곳에 위치해 있습니다. 회사는 잠재적으로 중요한 분산 금 시스템을 정의하고 초기 자원에 더 가까워지는 것을 목표로 하고 있습니다. Fortitude Gold는 현재 Isabella Pearl 광산 계획 경계를 확장하여 Scarlet North 지역을 탐사 및 채굴에 포함시키기 위해 허가 수정 제출을 고려하고 있습니다.
Fortitude Gold Corp. (OTCQB:FTCO) a annoncé des interceptions d'or oxydé significatives sur la cible Scarlet North le long de la tendance Isabella Pearl dans le Nevada. Les points clés comprennent :
- 9,14 mètres avec un grade de 2,33 g/t d'or au sein de 16,76 mètres avec un grade de 1,58 g/t d'or
- Plusieurs interceptions d'or près de la surface
- Échantillons de roche provenant d'une nouvelle zone non forée, avec la valeur la plus élevée s'élevant à 2,24 g/t d'or
La cible Scarlet North est située à seulement 700 mètres au nord-ouest de l'installation de lixiviation en tas et de traitement d'Isabella Pearl. L'entreprise vise à définir un système d'or disséminé potentiellement significatif et à se rapprocher d'une ressource initiale. Fortitude Gold envisage de soumettre une modification de permis afin d'élargir la limite du plan de mine actuel d'Isabella Pearl pour inclure la zone Scarlet North pour l'exploitation et l'exploration.
Fortitude Gold Corp. (OTCQB:FTCO) hat bedeutende Oxidgold-Bohrungen am Ziel Scarlet North entlang des Isabella Pearl-Trends in Nevada angekündigt. Zu den wichtigsten Highlights gehören:
- 9,14 Meter mit einem Gehalt von 2,33 g/t Gold innerhalb von 16,76 Metern mit einem Gehalt von 1,58 g/t Gold
- Mehrere Goldinterzeptionen in geringer Tiefe
- Gesteinsproben aus einem neuen, nicht gebohrten Zielbereich, wobei der Höchstgehalt 2,24 g/t Gold beträgt
Das Ziel Scarlet North befindet sich nur 700 Meter nordwestlich der Heap-Leach- und Aufbereitungsanlage von Isabella Pearl. Das Unternehmen hat zum Ziel, ein potenziell signifikantes disseminiertes Goldsystem zu definieren und sich einer ersten Ressource zu nähern. Fortitude Gold erwägt, einen Antrag auf Genehmigungsänderung einzureichen, um die Grenzen des aktuellen Bergbauplans von Isabella Pearl zu erweitern und das Gebiet Scarlet North in die Erschließung und Erkundung einzubeziehen.
- High-grade gold intercepts near surface, including 9.14 meters grading 2.33 g/t gold
- Proximity to existing Isabella Pearl processing facilities (700 meters)
- Potential for oxide gold ores processable using standard heap leach methods
- New undrilled target area identified with rock chip samples up to 2.24 g/t gold
- Progress towards defining an initial resource at Scarlet North
- None.
COLORADO SPRINGS, CO / ACCESSWIRE / July 30, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced multiple oxide gold drill intercepts at and near surface from the Scarlet North target along the Company's Isabella Pearl trend. The Scarlet North target is located just 700 meters northwest of the Isabella Pearl heap leach and process facility. Intercepts include 9.14 meters grading 2.33 grams per tonne (g/t) gold within 16.76 meters grading 1.58 g/t gold. The Company also released multiple rock chip surface samples from a new, undrilled target in the Scarlet North area, the highest assaying 2.24 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.
Scarlet North Drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):
Hole# IPRC-655:
12.19 m of 0.69 g/t gold
incl.
1.52 m of 1.29 g/t gold, and
1.52 m of 1.34 g/t gold
Hole# IPRC-667:
16.76 m of 0.64 g/t gold
incl.
3.05 m of 1.19 g/t gold
Hole# IPRC-674:
16.76 m of 1.58 g/t gold
incl.
9.14 m of 2.33 g/t gold
This reverse circulation drill program builds on the Company's previously released 2023 and 2024 drill results at the Isabella Pearl Scarlet North target, which included 50.29 meters grading 0.86 g/t gold from surface (click here to review the October 2023 press release). This most recent Scarlet North drill program intercepted multiple intervals of oxide gold mineralization where a similar metallurgy to the nearby Isabella Pearl deposit is expected, whereby oxide gold ores can be processed using a standard heap leach process. The proximity of this mineralization would allow for a short haul distance to the Company's existing, nearby processing facilities. Drilling at Scarlet has identified several surface and near surface pods of mineralization that the Company continues to model for potential open pit mine scenarios.
"Scarlet North continues to return high-grade near surface oxide gold intercepts, moving us closer to an initial resource," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "Our exploration team also collected multiple rock chip surface samples from a new northeast target area at Scarlet North, with the highest assaying 2.24 g/t gold. These rock chip samples may be an indicator of gold mineralization expanding to the northeast at Scarlet North, which the Company plans to test with future drill programs. We look to define a potentially significant disseminated gold system over an extensive area at Scarlet North, with a goal to vector in on feeder structures while we move closer to an initial resource from which to expand upon."
"Located next to our Isabella Pearl deposit and process facility, Scarlet North continues to deliver near surface, high-grade oxide gold for potential future ore feed," stated Mr. Jason Reid, CEO and President of Fortitude Gold. "16.76 meters, or 55 feet, of over 1.5 grams per tonne gold builds on previous successful drill programs at Scarlet North. While we continue to build on and evaluate Scarlet's open-pit potential, we are positioned to submit a permit modification to the Bureau of Land Management to expand the current Isabella Pearl mine plan boundary to encompass the Scarlet North area. The modification would seek approval to both mine Scarlet North and expand exploration efforts in the area. Continued gold intercepts like these move us closer to our goal to add Scarlet to the queue of future mine builds."
SCARLET NORTH DRILL SUMMARY HIGHLIGHTS JULY 2024 | |||||
Hole # | Angle |
| From | Interval | Au |
deg |
| Meters | Meters | g/t | |
IPRC-635 | -45 |
| 32.00 | 10.67 | 0.57 |
IPRC-646 | -60 |
| 1.52 | 3.05 | 0.36 |
| 12.19 | 7.62 | 0.50 | ||
IPRC-648 | -45 |
| 4.57 | 19.81 | 0.56 |
IPRC-650 | -45 |
| 3.05 | 1.52 | 0.38 |
| 7.62 | 18.29 | 0.54 | ||
IPRC-651 | -45 |
| 0.00 | 9.14 | 0.25 |
| 19.81 | 10.67 | 0.62 | ||
IPRC -652 | -45 |
| 0.00 | 4.57 | 0.68 |
| 44.20 | 7.62 | 0.45 | ||
IPRC-655 | -60 |
| 7.62 | 12.19 | 0.69 |
incl. | 13.72 | 1.52 | 1.29 | ||
incl. | 18.29 | 1.52 | 1.34 | ||
IPRC-662 | -45 |
| 21.34 | 3.05 | 0.30 |
| 28.96 | 1.52 | 1.45 | ||
IPRC-664 | -45 |
| 4.57 | 1.52 | 0.52 |
| 18.29 | 6.10 | 0.44 | ||
IPRC-665 | -90 |
| 32.00 | 10.67 | 0.53 |
IPRC-666 | -65 |
| 39.62 | 4.57 | 0.87 |
incl. | 39.62 | 1.52 | 1.19 | ||
IPRC-667 | -60 |
| 35.05 | 16.76 | 0.64 |
incl. | 36.58 | 3.05 | 1.19 | ||
IPRC-674 | -45 |
| 47.24 | 16.76 | 1.58 |
incl. | 48.77 | 9.14 | 2.33 | ||
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:
Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com
SOURCE: Fortitude Gold Corporation
View the original press release on accesswire.com
FAQ
What are the key gold drill intercepts reported by Fortitude Gold (FTCO) at Scarlet North?
Where is the Scarlet North target located in relation to Fortitude Gold's (FTCO) existing operations?
What are Fortitude Gold's (FTCO) plans for the Scarlet North area?
What type of gold mineralization has Fortitude Gold (FTCO) identified at Scarlet North?
