morimori schrieb 08.12.23, 16:07
FORTITUDE GOLD DRILLS 1.52 METERS GRADING 23.00 G/T GOLD WITHIN 4.57 METERS GRADING 8.80 G/T GOLD AT EAST CAMP DOUGLAS NORTH
Colorado Springs, Colorado – December 7, 2023 – Fortitude Gold Corp. (OTCQB: FTCO) (the “Company”) announced multiple high-grade gold drill intercepts at its East Camp Douglas northern veins target. Intercepts include 1.52 meters grading 23.00 grams per tonne (g/t) gold within 4.57 meters grading 8.80 g/t gold, 3.05 meters grading 5.46 g/t gold, 6.10 meters grading 3.94 g/t gold and 18.29 meters grading 1.02 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 Camp Douglas Northern Veins Drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):
This reverse circulation drill program is the Company’s first on a small portion of the larger East Camp Douglas North target. Historic third-party drilling had previously intercepted high-grade gold veins at East Camp Douglas North and this recent drill program confirms and expands on that geologic model. The Company awaits additional assay results from this initial drill program and plans additional drilling at East Camp Douglas North in 2024 with a goal to both expand the mineralization as well as further understand the geologic setting hosting this high-grade gold mineralization.
“We are pleased to add to our understanding of the structural setting of this large surface and near surface vein swarm target as we intercept high-grade gold,” stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. “With both the spatial distance and consistent gold intercepts we see great potential in this large area. We have already begun to plan our next drill program at the northern veins, with a goal of returning in early 2024.”
“We are excited to see widespread high-grade gold in these first few drill holes which speaks to a large gold bearing system at East Camp Douglas North,” stated Mr. Jason Reid, CEO and President of Fortitude Gold. “As we await additional assay results from the last drill program, we are already seeing potential in these initial results from a small area of the west central portion of the much larger East Camp Douglas North target. This mineralized area has high-grade gold over one kilometer by five hundred meters with multiple vein swarms, many visible outcropping at surface. Our goal is to discover and delineate those areas that could potentially be mined as open pits. Surface sampling the west center of this area returned rock chips up to 36.6 grams per tonne gold. The initial drill hole into that area returned one and a half meters of 23 grams per tonne gold within four and a half meters of 8.8 grams per tonne gold. Numerous additional high-grade gold intercepts indicate an exciting exploration target for the Company with opportunities at both these northern veins and the southern lithocap structure on our district sized East Camp Douglas property.”
The Company’s previous mapping and surface sampling program of the East Camp Douglas Northern Veins identified numerous drill targets over an area of 1 kilometer north to south by 500 meters east to west (see map). High-grade surface samples* include (g/t=grams per tonne)(see map below):
https://www.fortitudegold.com/news/fortitude-gold-drills-152-meters-grading-2300-gt-gold-within-457-meters-grading-880-gt-gold-at-east-camp-douglas-north
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