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Fortune Bay Reports New Mineral Resource Estimate for Goldfields, Including Approximately One Million Indicated Ounces of Gold
Fortune Bay Reports New Mineral Resource Estimate for Goldfields, Including Approximately...
About this update from Fortune Bay Corp.
[{"type":"text","content":"\n \n \n \n Fortune Bay Reports New Mineral Resource Estimate for Goldfields, Including Approximately One Million Indicated Ounces of Gold\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.prngen4{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: MIDDLE; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: MIDDLE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n March 22, 2021\n \n /CNW/ - Fortune Bay Corp. (TSXV: FOR) (\n \n Frankfurt\n \n : 5QN) (\"Fortune Bay\" or the \"Company\") is pleased to announce a new Mineral Resource Estimate (\"MRE\") for its 100% owned Goldfields Project (\"Goldfields\" or the \"Project\") located in northern\n \n Saskatchewan\n \n (Figure 1). This new MRE replaces the historical MRE, as outlined in the historical 2011 Pre-Feasibility Study, and serves to classify current mineral resources for the Project in accordance with National Instrument 43-101 (\"NI 43–101\").\n \n \n \n Mineral Resource Estimate Highlights:\n \n \n \n \n Indicated Mineral Resources of 975,000 oz of gold (22.6 million tonnes at an average grade of 1.34 g/t);\n \n \n Inferred Mineral Resources of 176,000 oz of gold (6.0 million tonnes at an average grade of 0.92 g/t);\n \n \n Based on verified historical drilling data and new geological and minera...