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Fortune Bay Announces Exploration Drill Targets for the Goldfields Project and Provides Update on Mineral Resource Estimate
Fortune Bay Announces Exploration Drill Targets for the Goldfields Project and Provides U...
About this update from Fortune Bay Corp.
[{"type":"text","content":"FortuneBayDrillTarget\n \n \n \n Fortune Bay Announces Exploration Drill Targets for the Goldfields Project and Provides Update on Mineral Resource Estimate\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n HALIFAX, NS, Oct. 13, 2020\n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n Oct. 13, 2020\n \n /CNW/ - Fortune Bay Corp. (TSXV: FOR) (\n \n Frankfurt\n \n : 5QN) (\"Fortune Bay\" or the \"Company\") is pleased to announce drill targets for its 100% owned Goldfields Project (\"Goldfields\" or the \"Project\") located in northern\n \n Saskatchewan\n \n . The drill targets have been developed following a detailed review of the Project's historical exploration and drilling results which demonstrate potential to expand the mineral resources at both the Box and Athona gold deposits, in addition to regional targets on the Property.\n \n \n The Company is also pleased to provide an update on the mineral resource estimation process initiated for the Project in\n \n August 2020\n \n , with the objective of verifying the Box and Athona historical estimates and classifying current mineral resources in accordance with National Instrument 43-101 (\"NI 43-101\") (see Fortune Bay's News Release dated\n \n July 28, 2020\n \n ). A location and infrastructure map for Goldfields is provided in Figure 1.\n \n \n \n Dale Verran\n \n , CEO for Fortune Bay, commented,\n \n \"The exploration drill targets identified to date represent an exciting opportunity to expand the mineral resources at both the Box and Athona deposits. Our initial focus will be on step-out drilling from higher-grade zones that remain open, guided by our improved understanding of the structural controls on the mineralization. We are also encouraged by the regional potential to discover additional deposits on the Property though modern, systematic exploration. While the Company awaits a drilling permit for Goldfields, work is also well underway on the updated mineral resource estimate. The field program completed during September was instrumental in advancing verification of the historical data a...