Business
Fortune Bay Drills 9.9 g/t over 7.0 m within 3.7 g/t over 21.0 m in Large Step-Out from Box Deposit
High-Grade Step-Out Supports Resource Growth Potential and Reinforces Upside at Goldfields HALIFAX, NS, April 21, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR)
About this update from Fortune Bay Corp.
[{"type":"text","content":" High-Grade Step-Out Supports Resource Growth Potential and Reinforces Upside at Goldfields HALIFAX, NS, April 21, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (\"Fortune Bay\" or the \"Company\") is pleased to report new high-grade drill intersections from a large step-out hole from the Box Deposit, located within its 100% owned Goldfields Gold Project (\"Goldfields\" or the \"Project\") in Saskatchewan. Highlights: 3.70 g/t Au over 21.0 m from 342.0 m to 363.0 m, including 9.89 g/t Au over 7.0 m, intersected in hole B26-350 Large 135 metre step-out from previous drilling at the Box Deposit – the furthest down-dip drill hole to date Intercept is located 140 metres outside of the current open-pit constrained Mineral Resource Estimate (\"MRE\") and 140 metres down-plunge of previous Zone A high-grade intercepts including 18.05 g/t over 6.0 m, 5.16 g/t over 12.0 m and 8.35 g/t over 9.0 m Mineralization remains wide open at depth and through the Goldfields Syncline Result supports meaningful mineral resource growth potential at Goldfields \"This result shows that the Box deposit continues well below the current pit-constrained resource,\" commented Gareth Garlick, VP Technical Services. \"B26-350, the largest step-out hole drilled at Box so far, returned a strong high-grade result well beyond the current resource boundary, and the mineralization remains open at depth. This points to clear potential to grow the deposit and supports our view that the Goldfields Syncline hosts a much larger gold system.\" Drill Hole Details and Assay Results The Box Deposit remains a key target for mineral resource growth at Goldfields, particularly below the limits of the current pit-constrained Mineral Resource Estimate (\"MRE\"). As part of the 2025/2026 winter drilling program, the Company completed two large step-out holes, B26-350 and B26-349, to test the down-dip and southern extents of the mineralizing system below the Box deposit and more broadly evaluate the potential of the Goldfields Syncline. Drill hole B26-350 was designed as a large 135 metre step-out hole and represents the furthest down-dip hole drilled at Box to date. The hole successfully confirmed the continuation of strong gold mineralization at depth within the Box Mine Granite (\"BMG\"), returning 3.7 g/t Au over 21.0 metres, including 9.9 g/t Au over 7.0...