American Marconi Wireless News - Fortitude Gold Drills 1.52 Meters Grading 13.20 g/t Gold Within 28.96 Meters Grading 2.07 g/t Gold at East Camp Douglas

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

Hole# ECDRC-267:

• 18.29 m of 1.48 g/t gold including
  • 4.57 m of 4.79 g/t gold

Hole# ECDRC-313:

• 12.19 m of 2.00 g/t gold including
  • 1.52 m of 5.94 g/t gold

Hole# ECDRC-371:

• 28.96 m of 2.07 g/t gold including
  • 1.52 m of 13.20 g/t gold &
  • 1.52 m of 5.86 g/t gold

Drill results from the Roosevelt target are located approximately 400 meters north of the White Rock West target on the northern end of the district. Extensive high-grade gold across substantial widths in multiple holes were intercepted. The Roosevelt target is of high exploration interest, as it bridges mineralization between the target areas of Triumph and White Rock West. The Company currently has three exploration drills operating at East Camp Douglas.

"Our exploration efforts continue to build towards a targeted initial resource in the East Camp Douglas property's northern area," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold. "It is exciting to see the northern expansion potential beyond our White Rock targets in the district. I am optimistic that we will receive the Plan of Operation for Exploration in the fourth quarter of 2026, which would allow us additional drill pad disturbance to further delineate the gold-bearing structural corridor in this highly prospective area."

"Allan and his exploration team continue to do an exceptional job intercepting high grade gold, of which many intercepts are impressive widths from the limited areas we have permission to drill," stated Fortitude Gold's CEO and President, Mr. Jason Reid. "We are very excited to obtain the Plan of Operations for Exploration at East Camp. Once regulatory restrictions are lifted, we plan to aggressively drill to expand known areas of gold mineralization as well as drill additional highly prospective areas, all with the goal to expedite deposit discoveries."

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 540 unpatented lode mineral claims, 24 unpatented placer claims, 12 patented mining claims, and two 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 Project, which includes the Isabella Pearl and Scarlet South Mines, and County Line Project, which includes the County Line and East Pit 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

L.Miller--AMWN