Fortitude Gold encouraged by drill results from lithocap target at East Camp Douglas, Nevada
Fortitude Gold Corp (OTCQB:FTCO) released positive results from an exploration drill at its East Camp Douglas property.
The Nevada-focused gold producer, developer and explorer targeted a lithocap formation at the site with the maiden drill program.
The lithocap is an expansive 1.5 kilometers (km) by 1 km geologic structure housing a potentially significant near-surface gold deposit. The drill registered 17.92 meters (m) grading 1.29 grams per tonne (g/t) gold and 6.10 meters grading 1.42 g/t gold.
READ: Fortitude Gold has five high-grade gold properties in Nevada, with strong production already coming from its Isabella Pearl mine
Fortitude also recovered gold rock chip samples from the lithocap’s surface that graded as high as 31 g/t gold.
“We are pleased to add to our understanding of the structural setting of this large lithocap target, and we are very excited to have intercepted attractive widths of significant gold in this initial drill program,” Barry Devlin, vice president of exploration said. “Similar large lithocap-related structures associated with gold have hosted substantial deposits around the world, like Yanacocha in Peru.”
This initial drill program consisted of eleven core holes into three small areas of the lithocap target.
In the statement, Jason Reid, CEO and president of Fortitude, said: “To have surface samples and now high-grade gold drill intercepts associated with our East Camp Douglas lithocap increases our chances of discovering a substantial deposit in this area. As I have stated before, we are swinging for a home run at the lithocap target and if we swing and miss, we will move to the high-grade gold veins located on the north end of the property.”
He went on to note that the company’s focus at East Camp Douglas has now morphed from structural reconnaissance to chasing known high-grade gold mineralization under the lithocap. As the firm’s geologist reported, the deep root structure and geological make up of the area is extremely promising for gold recovery.
Aside from the East Camp Douglas site, Fortitude owns four other gold properties.
Contact the writer at [email protected]
Follow her on Twitter @MissInformd
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/951859/fortitude-gold-encouraged-by-drill-results-from-lithocap-target-at-east-camp-douglas-nevada-951859.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
