COLORADO SPRINGS, CO / ACCESSWIRE / June 27, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the “Company”) is pleased to announce a significant gold discovery at its Intrepid property in Mineral County, Nevada. The Company reported intercepting 1.21 grams per tonne (g/t) gold over 27.43 meters, including a section grading 2.01 g/t gold over 6.10 meters. This discovery showcases the potential of the Intrepid property as a valuable asset.
Exploration at Intrepid
The Intrepid property is strategically positioned within the Company’s hub and spoke operational framework, with close proximity to other key properties. The property is located near both the East Camp Douglas property and the Isabella Pearl operations, allowing for efficient coordination and logistics.
“Our initial drill program at Intrepid has yielded exciting results, with the discovery of significant gold mineralization close to the surface,” said Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. “This discovery highlights the potential for further mineralization, and we are planning additional drilling to better understand the extent and structural conditions of this area.”
Future Prospects
Mr. Jason Reid, CEO and President of Fortitude Gold, expressed optimism about the future prospects at Intrepid. “While it is too early to determine if this discovery will lead to a future mine, the proximity of the property to our Isabella Pearl facility presents exciting potential for future development,” he stated. The Company’s commitment to exploration and development underscores its dedication to maximizing the value of its assets.
Additional Insights: This discovery at the Intrepid property signifies the continued growth and potential of Fortitude Gold Corp. as a key player in the gold mining industry. The Company’s strategic approach to exploration and development positions it well for future success.
Exploration Results
The drilling results at Intrepid, summarized in the table below, demonstrate the significant gold mineralization encountered during the exploration program:
Hole # | Angle (deg) | From (m) | Interval (m) | Au (g/t)
INRC-012 | -45 | 38.10 | 6.10 | 0.56
INRC-012 (incl.) | -45 | 48.77 | 27.43 | 1.21
INRC-012 (incl.) | -45 | 51.82 | 7.62 | 1.67
INRC-012 (incl.) | -45 | 62.48 | 6.10 | 2.01
INRC-012 (incl.) | -45 | 85.34 | 3.05 | 0.31
INRC-012 | -45 | 92.96 | 6.10 | 0.33
These assay results, conducted by American Assay Laboratories, demonstrate the high-grade nature of the gold mineralization at Intrepid, further supporting the Company’s exploration efforts.
About Fortitude Gold Corp.:
Fortitude Gold Corp. is focused on sustainable gold production, aiming for projects with low operating costs and strong returns. Their strategic positioning in key mining jurisdictions, such as Nevada, showcases their commitment to long-term success in the industry.
Cautionary Statements: Investors should exercise due diligence before investing in Fortitude Gold Corp., as all investments carry inherent risks. The forward-looking statements in this press release should be considered in the context of potential uncertainties and market fluctuations. The Company remains dedicated to transparency and operational excellence.
CONTACT:
Greg Patterson
719-717-9825
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www.Fortitudegold.com
