American Marconi Wireless News - Fortitude Gold Drills 4.57 Meters Grading 10.24 g/t Gold Within 28.96 Meters Grading 2.14 g/t Gold at East Camp Douglas

East Camp Douglas White Rock West drill highlights include (m=meters, g/t=grams per tonne) (full drill table below):

Hole# ECDRC-360:

• 45.72 m of 1.28 g/t gold
  including

  • 6.10 m of 5.24 g/t gold

Hole# ECDRC-361:

• 13.72 m of 2.68 g/t gold including

  • 10.67 m of 3.37 g/t gold

• 21.34 m of 1.14 g/t gold including

  • 7.62 m of 1.89 g/t gold

Hole# ECDRC-362:

• 28.96 m of 2.14 g/t gold
  including

  • 4.57 m of 10.24 g/t gold

• 36.58 m of 0.89 g/t gold
  Including

  • 4.57 m of 2.56 g/t gold

Hole# ECDRC-365:

• 24.38 m of 1.20 g/t gold
  Including

  • 7.62 m of 3.07 g/t gold

Drill results from East Camp Douglas were from the White Rock West targets located on the northern half of the property and are the second round of high-grade gold drill results released from the area in 2026. These latest results intercepted extensive high-grade near surface gold across substantial widths in multiple holes. The Company is continuing to drill the White Rock West targets with the goal to expand this mineralized area and is also actively drilling the property's southern lithocap target. In addition to drilling, property-scale airborne magnetic and radiometric geophysical surveys were completed in May. These geophysics studies are being incorporated into mapping and drilling results to develop a 3D structural interpretation.

"Continued high-grade gold drill results move us closer to building a resource at our East Camp Douglas property's White Rock West area," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "It is impressive to see continued extensive high-grade gold widths encountered near surface as we work to define multiple areas for resource delineation on this highly prospective district sized property."

"Over 45 meters of 1.28 grams per tonne gold, including over 6 meters of 5.24 grams per tonne gold, starting at only about eleven meters below surface adds critical mass in this area," stated Mr. Jason Reid, CEO and President of Fortitude Gold. "We are pleased to be returning drill results like these, while being limited to only two 5-acre Notice of Intent drill permits on this district sized property. It will be very exciting when we obtain the Plan of Operation for Exploration, following successful completion of the NEPA review and the Environmental Assessment. The Plan of Operation for Exploration will open numerous additional drill locations on the East Camp Douglas property with an increase in disturbance allowance to 150 acres."

About East Camp Douglas:

East Camp Douglas property is in the Silver Star mining district in Mineral County, Nevada, located approximately 6 mi (10 km) southwest of the town of Mina. The district sized property covers 5,583 acres (2,259 ha) consisting of 293 unpatented lode mineral claims, 24 unpatented placer claims, 12 patented mining claims, and three fee land parcels. Low-sulfidation gold-bearing mineralization associated with a silica lithocap is observed in the southern portion of East Camp Douglas, while the northern portion of the East Camp Douglas area contains high-sulfidation style gold-bearing mineralization. Fortitude Gold exploration drill programs have intercepted high-grade gold mineralization in both the south and north portions of the property. The East Camp Douglas property is held in a strategic joint venture which is 60% owned by Fortitude and 40% by Hawthorne Land & Minerals, LLC, structured with Fortitude contributing the East Camp Douglas property and Hawthorne contributing a total of $40 million for exploration and development.

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 dividends. The Company's Nevada Mining Unit consists of eight high-grade gold properties. Fortitude Gold owns 100% of its properties, with the exception of East Camp Douglas, which is held in a joint venture with Fortitude owning 60%. The Isabella Pearl, Scarlet South, and County Line Mines are currently in production in Mineral and Nye Counties, Nevada. 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 and future plans for production. 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
[email protected]
www.Fortitudegold.com

SOURCE: Fortitude Gold Corp

View the original press release on ACCESS Newswire

O.Norris--AMWN