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FORTUNE BAY ANNOUNCES INITIAL DRILL TARGET AREAS AND 2022 DRILLING PLANS FOR THE STRIKE URANIUM PROJECT
FORTUNE BAY ANNOUNCES INITIAL DRILL TARGET AREAS AND 2022 DRILLING PLANS FOR THE STRIKE U...
About this update from Fortune Bay Corp.
[{"type":"text","content":"\n \n \n \n FORTUNE BAY ANNOUNCES INITIAL DRILL TARGET AREAS AND 2022 DRILLING PLANS FOR THE STRIKE URANIUM PROJECT\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 \n \n \n HALIFAX, NS\n \n ,\n \n April 26, 2022\n \n /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (\"Fortune Bay\" or the \"Company\") is pleased to announce initial drill target areas and 2022 drilling plans for its 100% owned Strike Uranium Project (\"Strike\" or the \"Project\"), located in northern\n \n Saskatchewan\n \n (see Figure 1 and 2).\n \n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n \n Nine (9) initial drill target areas have been identified following ground gravity surveying completed in\n \n March 2022\n \n (Figure 3).\n \n \n The initial target areas comprise favorable geological, geophysical and geochemical features typically associated with high-grade basement-hosted uranium deposits related to the\n \n Athabasca\n \n Basin.\n \n \n The Tena target area (Figure 4) includes the historical Tena prospect where over 1,000 tonnes of uranium ore was mined in the 1950's with reported grades of 0.6% to 3.5% U\n \n 3\n \n O\n \n 8\n \n . Drill targets have been developed down-dip and along strike of the historical adit.\n \n \n The Tena South target area (Figure 4) is located immediately south of the historical Tena prospect, associated with a coincident gravity low and electromagnetic (\"EM\") conductor.\n \n \n The other seven (7) target areas include discrete gravity lows located along prominent EM conductors proximal to favourable geochemistry results and structural features.\n \n \n Drilling is expected to commence in mid-May with approximately 2,500 meters planned in 8 to 10 drill holes. The program is expected to be results-driven, based upon drilling results and additional gravity survey results.\n \n \n \n \n Dale Verran\n \n , CEO for Fortune Bay, commented, \"\n \n We are pleased to have generated an initial set of drill target areas for Strike which meet the exploration criteria for high-grade basement-hosted uranium deposits related to the\n \n...