Friday, June 18, 2021

New #Stocks to Watch at Investor Ideas in Biotech (Nasdaq: $VERA) (Nasdaq: $VALN) (Nasdaq: $TALS) (Nasdaq: $ANEB) and Mining (TSX: $CIA.TO) (TSXV: $ADY.V)

 New #Stocks to Watch at Investor Ideas in Biotech (Nasdaq: $VERA) (Nasdaq: $VALN) (Nasdaq: $TALS) (Nasdaq: $ANEB) and Mining (TSX: $CIA.TO) (TSXV: $ADY.V)

 

 



 

 

 

 

 

 

 

 

 

Point Roberts WA, Delta BC, June 18, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor and trader resource, announces its weekly roundup of stocks to watch in Biotech and Mining. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/News/2021/main/06181Stocks.asp

 

New biotech companies are involved in stem cell, cannabis overdose treatment, COVID-19 vaccinations and the treatment of lupus.

 

The latest mining companies include those involved in “battery metals” such as graphite and lithium, as well as gold, copper and iron ore.

 

New Stocks added to Biotech Stocks Directory:

Vera Therapeutics, Inc. (NasdaqGM:VERA) is a clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases. Vera’s lead program is atacicept, a fusion protein that is in development for IgA nephropathy, a disease with high unmet medical need and no approved therapies. In addition, Vera is evaluating additional diseases where atacicept’s reduction of autoantibodies may prove medically useful, including lupus nephritis (LN), a severe renal manifestation of systemic lupus erythematosus (SLE).

 

Anebulo Pharmaceuticals, Inc. (NasdaqGS:ANEB) is a clinical-stage biotechnology company developing novel solutions for people suffering from cannabinoid overdose and substance addiction. Its lead product candidate, ANEB-001, is intended to reverse the negative effects of cannabinoid overdose within one hour of administration. Clinical trials completed to date have shown that ANEB-001 is rapidly absorbed, well tolerated and leads to weight loss, an effect that is consistent with central cannabinoid receptor type 1 antagonism.

 

Talaris Therapeutics, Inc. (NasdaqGS:TALS) is a late-clinical stage biopharmaceutical company developing investigational, one-time, allogeneic cell therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, Mass., and its cell processing facility in Louisville, Ky.

 

Valneva SE (NasdaqGS:VALN) is a specialty vaccine company focused on the development and commercialization of prophylactic vaccines for infectious diseases with significant unmet medical need. We take a highly specialized and targeted approach to vaccine development, beginning with the identification of deadly and debilitating infectious diseases that lack a prophylactic vaccine solution and for which there are limited therapeutic treatment options. We then apply our deep understanding of vaccine science, including our expertise across multiple vaccine modalities, as well as our established vaccine development capabilities, to develop prophylactic vaccines to address these diseases. We have leveraged our expertise and capabilities both to successfully commercialize two vaccines and to rapidly advance a broad range of vaccine candidates into and through the clinic, including candidates against Lyme disease, the chikungunya virus and COVID-19.

 

New Stocks added to Mining Stocks Directory:

Champion Iron Ltd. (TSX: CIAOTCQX: CIAFF) through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Québec, adjacent to established iron ore producers. Bloom Lake is an open-pit truck and shovel operation with a concentrator, and it ships iron ore concentrate from the site by rail, initially on the Bloom Lake Railway, to a ship loading port in Sept-Îles, Québec. The Bloom Lake Phase I plant has a nameplate capacity of 7.4 Mtpa and produces a high-grade 66.2% Fe iron ore concentrate with low contaminant levels, which has proven to attract a premium to the Platts IODEX 62% Fe iron ore benchmark. In addition to the partially completed Bloom Lake Phase II project, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kami Project located a few kilometres south east of Bloom Lake, and the Fire Lake North iron ore project, located approximately 40 km south of Bloom Lake. The Company sells its iron ore concentrate globally, including customers in China, Japan, the Middle East, Europe, South Korea, India and Canada.

 

Adyton Resources Corp.(TSX-V: ADY) is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring for copper and gold. The Company’s mineral exploration projects are located on the Pacific Ring of Fire which hosts several world class copper and gold deposits

 

EcoGraf Ltd. (OTC: ECGFFASX: EGR) is building a vertically integrated 'HFfree' battery anode material business supporting the global transition to clean energy and e-mobility. Over US$30 million has been invested to date to create two highly attractive, development ready graphite businesses.The first new state-of-the-art EcoGraf processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America using a superior, environmentally responsible HFfree purification technology to provide customers with sustainably produced high performance battery anode material. Subsequently, the battery graphite production base will be expanded to include additional processing facilities in Europe and North America to support the global transition to clean, renewable energy in the coming decade and the rapid growth in battery materials.

In addition, the Company's breakthrough recovery of carbon anode material from recycled batteries using its proprietary process will enable the recycling industry to reduce battery waste and use recycled carbon anode material to improve battery lifecycle efficiency.To complement these battery graphite operations, the Company is also advancing the TanzGraphite natural flake graphite business, with development of the Epanko Graphite Project, which will supply additional feedstock for the battery anode material facilities and provide customers with mine-to-market ESG supply chain assurance

 

Anson Resources Ltd. (OTC: ANSNFASX: ASN) is an Australian-based exploration and development company, focused on the discovery, acquisition, and development of natural resources that will meet the demand from rapidly growing new energy and technology markets. A key component of this strategy is the development of the Paradox Basin Brine Project in southern Utah, USA, where Anson is targeting the recovery of valuable chemicals from a unique salt brine resource. The Paradox Project is targeting the supply of lithium chemicals to the rapidly growing battery market, while extracting additional value from by-products, including bromine, iodine, and boron, contained within the brine.

 

Lake Resources N.L. (OTCQB: LLKKFASX: LKE) is focused on increasing shareholder value primarily through the development of clean, high purity, responsibly sourced lithium from its flagship Kachi Project, together with its other lithium projects in the Lithium Triangle of Argentina.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Learn about investing in stocks and sector trends with our news alerts, articles,  podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto CornerPlay by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate ChangeExploring Mining and the AI Eye.

 

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Thursday, June 17, 2021

#ExploringMining #Podcast Episode 177 – #Mining #Stock News from (NYSE: $RIO) (TSXV: $KDK.V) (TSXV: $RDG.V) (TSXV: $TR.V)



 

#ExploringMining #Podcast Episode 177 – #Mining #Stock News from (NYSE: $RIO) (TSXV: $KDK.V) (TSXV: $RDG.V) (TSXV: $TR.V)      

 

Point Roberts WA, Delta BC, June 17, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/061721-Mining.mp3

 

Read this in full at https://www.investorideas.com/News/2021/exploring-mining/06171RIO-KDK-RDG-TR.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Rio Tinto Group (NYSE:RIO) has begun operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. According to the press release, the plant “uses an innovative process developed by RTFT to extract high purity scandium oxide from the waste streams of titanium dioxide production, without the need for any additional mining.” The company’s Iron and Titanium managing director Stéphane Leblanc said:

 

"For the first time, customers will benefit from a North American supply of scandium oxide for applications in solid oxide fuel cells, lasers, lighting products or as an additive to produce high-performance alloys. In less than two years, we have gone from testing a process to extract this critical material in a lab to being able to supply approximately 20% of the global market. This is a testament to our team’s capacity to think outside the box and deliver on our commitments."

 

Kodiak Copper Corp. (TSXV:KDK) has added a second drill rig to its 100 percent-owned MPD copper-gold porphyry project in Southern British Columbia. The company is engaged in a fully funded drill program of up to 30,000 metres in 2021, focussing “on extending the Gate Zone where Kodiak made a high-grade copper-gold discovery at the northern end of a one kilometer long soil anomaly.” Kodiak’s President and CEO, Claudia Tornquist, said:

 

"It is a truly exciting time for Kodiak as we follow up on our transformative Gate Zone discovery with a fully funded, significantly larger drill program. We are pleased with the progress of the program to date and are looking forward to accelerating the drilling at the Gate Zone. Our shareholders can expect the first results from this year's drill campaign in a few weeks and a steady flow of drill results throughout the remainder of 2021."

 

Ridgeline Minerals Corp. (TSXV:RDG) has mobilized a core rig to the Carlin-East project in Elko County, Nevada, as it begins the 3,000-meter Phase II drill program at the site. The company’s Vice President of Exploration, Mike Harp, said:

 

“Our team has spent two years building out the geologic model at Carlin-East with the Crash Zone representing the highest potential target across the property. We view Carlin-East as a rare opportunity for a junior explorer such as Ridgeline to drill an untested target directly on trend of a world-class gold deposit. Nevada Gold Mines recent discovery at North Leeville further highlights the potential for new discoveries along this underexplored portion of the Leeville Corridor."

 

Troubadour Resources Inc. (TSXV:TR) has provided an update on the status of drill results from phase 1 drilling program on its Texas Gold project. The program’s core samples, according to the press release, are “at the analytical lab and being processed,” with results “expected to be received in the next few weeks.” Company President Geoff Schellenberg commented:

 

"As we eagerly await results from phase 1 drilling, we are excited to get crews back to Texas to complete necessary field work in advance of a phase 2 drill program. Extending the Cabin and Doorn targets will remain our primary focus in our upcoming phase 2 drilling.”

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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Tuesday, June 15, 2021

#ExploringMining #Podcast Episode 176 – #Mining #Stock News from (TSXV: $FOR.V) (NYSE: $AGI) (NYSE: $CDE) (NYSE: $PVG)



 

#ExploringMining #Podcast Episode 176 – #Mining #Stock News from (TSXV: $FOR.V) (NYSE: $AGI) (NYSE: $CDE) (NYSE: $PVG)        

 

Point Roberts WA, Delta BC, June 15, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/061521-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/06151FOR-AGI-CDE-PVG.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Fortune Bay Corp. (TSXV:FOR) has announced Phase 1 drilling results for the Athona gold deposit on its Goldfields Project in northern Saskatchewan, Canada. The company’s CEO, Dale Verran, explained:

 

"We are pleased with the Goldfields Phase 1 drilling results to date, which have successfully expanded the Athona deposit footprint to the south and confirmed the continuity of mineralization between Athona South and the main Athona deposit. We are encouraged to note the presence of high grade in one of the southernmost holes where drilling is relatively widely spaced, and mineralization remains open. The results also indicate that historical sampling and assaying from the 1930's was not comprehensive and as a result, areas of mineralization have likely been missed altogether, which presents a further opportunity for resource expansion. The Phase 1 drilling program is continuing at the Box deposit with one hole completed and a further eight planned. We look forward to results from Box where high-priority resource expansion targets have been identified.”

 

Alamos Gold Inc. (NYSE:AGI) has reported results from surface and underground exploration drilling at the Island Gold mine. This includes the mine’s “best hole drilled to date,” at MH25-08 with 71.21 g/t Au (39.24 g/t cut) over 21.33 m. Alamos President and CEO John A. McCluskey commented:

 

“Over the past year, ongoing exploration success has driven another one million ounce increase in Mineral Reserves and Resources at Island Gold and returned the two best intersections to date. We expect these new results to drive further Mineral Resource growth in one of the highest grade portions of the ore body. This already large Mineral Resource block in Island East is in proximity to the planned shaft and remains open laterally and down-plunge demonstrating further significant upside to the Phase III Expansion.”

 

Coeur Mining, Inc. (NYSE:CDE) has provided an update on the 2021 exploration programs at its Silvertip mine in British Columbia and Crown exploration property in Nevada. Highlights include Silvertip’s newly discovered mineralized zone, called the Southern Silver Zone, the grade and orientation of which “suggests the opportunity for bulk mining.” Drill results at Crown have garnered “notable assay results,” which “demonstrate meaningful resource growth potential at the Daisy, Secret Pass, SNA and C-Horst zones.”

 

Pretivm Resources Inc. (NYSE:PVG) has announced continuing intersection of high grade gold mineralization in Phase 2 of the North Block resource expansion drill program at the Brucejack Mine in British Columbia. Highlights include drill hole VU-2933, “which assayed 561.6 grams per tonne gold over 15.0 meters, including 8,400 grams per tonne gold over 1.0 meter,” and drill hole VU-2932, which “assayed 306.6 grams per tonne gold over 19.5 meters, including 5,910 grams per tonne gold over 1.0 meter.” Jacques Perron, Pretivm’s President and CEO, said:

 

“These impressive results confirm high-grade gold mineralization in the North Block Zone and further extend the potential of the Valley of the Kings deposit at Brucejack. Based on the success of the second phase, we have initiated a third and fourth phase of the drill program to further delineate the potential of the North Block Zone.”

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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Breaking #Mining #Stock News: Fortune Bay (TSXV: $FOR.V) Announces Expansion of the Athona Deposit From Phase 1 Drilling Results, Goldfields Project; @fortunebaycorp

Breaking #Mining #Stock News: Fortune Bay (TSXV: $FOR.V) Announces Expansion of the Athona Deposit From Phase 1 Drilling Results, Goldfields Project; @fortunebaycorp

 


HALIFAX, NS - June 15, 2021 (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt: 5QN) ("Fortune Bay" or the "Company") is pleased to announce Phase 1 drilling results for the Athona gold deposit ("Athona") located on the Company's Goldfields Project ("Goldfields" or the "Project") in northern Saskatchewan (Figure 1). A total of six diamond drill holes (1,170 metres) on an approximate 50 metre spacing were completed at the Athona South target during March and April 2021 with the primary objectives of validating historical results and commencing resource expansion to the south.

 

Read this news featuring FOR in full at https://www.investorideas.com/CO/FOR/news/2021/06151Expansion-Athona-Deposit.asp

 

The assay results confirm expansion of mineralization to the south, and mineralization remains open. Furthermore, continuous assaying of the Athona Mine Granite ("AMG") shows the unit is more broadly mineralized than previously indicated by historical drill holes from which very few samples were collected, evidently targeting only the most visually compelling intervals.

 

All six drill holes completed at Athona during Phase 1 intersected mineralization at shallow depths, with highlights that included:

  • Drill Hole A21-222: 1.04 g/t Au over 34.6 metres, including
    16.70 g/t Au over 1 metre
  • Drill Hole A21-223: 1.22 g/t Au over 19 metres, including
    8.18 g/t Au over 1 metre, and
    7.80 g/t Au over 1 metre
  • Drill Hole A21-218: 3.80 g/t Au over 3 metres
  • Drill Hole A21-219: 1.09 g/t Au over 13 metres, and
    1.12 g/t Au over 8 metres
  • Drill Hole A21-220: 1.00 g/t Au over 7 metres
  • Drill Hole A21-221: 1.03 g/t Au over 10.9 metres

 

Dale Verran, CEO for Fortune Bay, commented, "We are pleased with the Goldfields Phase 1 drilling results to date, which have successfully expanded the Athona deposit footprint to the south and confirmed the continuity of mineralization between Athona South and the main Athona deposit. We are encouraged to note the presence of high grade in one of the southernmost holes where drilling is relatively widely spaced, and mineralization remains open. The results also indicate that historical sampling and assaying from the 1930's was not comprehensive and as a result, areas of mineralization have likely been missed altogether, which presents a further opportunity for resource expansion. The Phase 1 drilling program is continuing at the Box deposit with one hole completed and a further eight planned. We look forward to results from Box where high-priority resource expansion targets have been identified".

 

Athona Phase 1 Drilling Results

A summary of the assay results received from the six drill holes completed at Athona during March/April 2021 is provided in Table 1. Drill hole locations and down hole assay results are shown in Figure 2.

 


Table 1. Athona Resource Expansion Drilling Results.

Notes:
1. Results shown are assays from 1 metre samples composited into longer intervals using a minimum lower cut-off of 0.5 g/t Au, and maximum 5 metres of consecutive waste defined as < 0.3 g/t Au.
2. Lengths shown represent core length. True thickness of the mineralized intercepts is expected to typically range from 50% to 70% of the core length based on the dominant mineralized quartz vein orientations at Athona, however this could vary significantly on an individual sample basis.
3. Sample locations are provided in NAD83 UTM Zone 12N. Hole azimuths are true north.

Drill holes A21-219, A21-220 and A21-222 were completed as an east-west fence, approximately 50 metres south of the southernmost historical holes that define the Athona deposit. The holes were spaced approximately 50 metres apart along the fence and drilled at a relatively shallow angle toward the west with the objective of intersecting mineralized structures at high angles. All three holes intersected mineralization as outlined in Table 1, and the results demonstrate expansion of Athona to the south. Mineralization remains open to the south, east and west of these drill holes.

 

Drill holes A21-218 and A21-221 were completed as a pair of scissor holes (i.e., drilled in opposite directions to the east and west, respectively) with the objective of validating 1930's historical holes at Athona South with broad sample coverage and determining the orientation of mineralized structures. Historical drill holes could not be twinned due to current permit restrictions which do not allow drilling close to shorelines. Both A21-218 and A21-221 intersected mineralization with grades and thicknesses comparable to those observed within the Athona Main deposit as shown in Table 1.

 

Drill hole A21-223 was drilled in the gap between Athona South and Athona Main, an area of approximately 120 x 200 metres, where poor coverage of 1930's historical drill holes with very limited sampling (with higher grade assay results) indicates selective sampling of only the most visually compelling intervals. Continuous sample results from A21-223 demonstrate that this very poorly sampled area has mineralization characteristics (grade and thickness) consistent with the Athona Main and Athona South bodies. Results included grades of 1.22 g/t Au over 19.0 metres and 0.71 g/t Au over 32.0 metres, implying good continuity between Athona Main and Athona South, with potential for significant resource expansion with additional infill drilling.

 

Mineralization characteristics for drill holes A21-218 to A21-223 are consistent with historical observations. Higher grade gold is typically associated with pyrite-bearing quartz veins, with minor galena and sphalerite associations. Veins are dominantly thin (< 10 centimetres in true thickness) occurring as swarms ("vein-sets") which have pervasively flooded the AMG on a localized basis. The veins typically have a preferred structural orientation, commonly striking between northwest and northeast with sub-vertical dips, which shows good correlation with the model developed for the recent mineral resource estimate (effective date May 15, 2021). Drilling is being carried out with oriented core for the first time at Goldfields. Structural orientations have been recorded and the Company is in the process of updating the geological model for Athona with the new data, to incorporate shear and fault information to support future targeting and resource expansion drilling.

 

Phase 1 Drilling Operational Update

Following the completion of Phase 1 drilling at Athona in late April the drill rig was mobilized to the Box gold deposit ("Box") approximately two kilometers away. One drill hole was completed at Box (B21-334) and a second hole started (B21-335) before drilling was paused in early May due to spring break-up and associated wet ground conditions - a drilling permit requirement. Phase 1 drilling resumed at Box the second week of June and is expected to continue into August. A total of 1,170 metres of drilling in six holes was completed at Athona and a total of approximately 4,000 metres of drilling in nine holes is planned for Box as part of the Phase 1 program.

 

Other Planned Summer Field Activities

Outside of Box and Athona, the 10,300 hectare Goldfields property is host to numerous other gold occurrences and prospects which warrant further investigation. Field reconnaissance is planned for late June and early July to verify and investigate these occurrences and develop future work plans aimed at making new discoveries.

 

Goldfields Technical Disclosure

All drilling is being carried out with NQ diameter. Core trays are transported directly from the drill rig to the Company's logging facility in Uranium City. Sample intervals are selected for assay based on observations of lithology type, presence of quartz veins and sulphides. These intervals are marked up for continuous sampling with one metre sample increments (adjusted where necessary to not cross lithological boundaries). Core is sawn in half along the core axis for sampling, with the remaining half preserved and stored in the core box. Samples are bagged and placed in plastic pails sealed with security tags for export by air freight to Saskatoon (CA).

 

All sample processing is being carried out by TSL Laboratories Inc. (TSL) in Saskatoon using their screened metallics sample process method, which includes; (1) crushing of the entire sample; (2) pulverizing of the entire sample with 95 % passing 150 mesh; (3) screening the entire sample at 150 mesh; (4) assay the entire +150 mesh fraction; (5) duplicate assay of two 30 g splits of the -150 mesh fraction; and (6) calculation of the weighted average gold content (in g/t) for the entire sample. All assay is carried out by fire assay with a gravimetric finish.

 

Certified reference blank and standard material is being used by the Company for independent QAQC of assay results (in addition to internal TSL quality assurance protocols). QAQC samples are inserted into assay sample sequences and results are reviewed to assess for any potential laboratory contamination and to verify assay accuracy and precision. A selected suite of samples will also be sent to another laboratory for additional "umpire" assay testing to further verify the results.

 

The technical information contained in this news release has been reviewed and approved by Mr. Dale Verran, MSc, P.Geo, Pr.Sci.Nat., Fortune Bay's Chief Executive Officer, who is also a Qualified Person in accordance with the requirements of NI 43-101.

 

About Goldfields

The 100% owned Goldfields Project ("Goldfields" or the "Project") is the Company's most advanced asset located in northern Saskatchewan, approximately 13 kilometres from Uranium City. The Project is host to the open-pittable Box and Athona gold deposits which contain combined Indicated Mineral Resources of 975,000 oz of gold (22.6 million tonnes at an average grade of 1.34 g/t) and Inferred Mineral Resources of 176,000 oz of gold (6.0 million tonnes at an average grade of 0.92 g/t). Goldfields is endowed with established infrastructure including existing roads, a powerline to site, and nearby facilities and an airport at Uranium City. The Project has a history of gold production (64,000 oz Au produced between 1939 to 1942), numerous exploration drilling campaigns and various historical mining studies (including a 2007 Feasibility Study for the Box deposit and a 2011 Pre-Feasibility for the Box and Athona deposits that were prepared in accordance with NI 43-101). The Box open-pit mine and mill development is permitted having received Ministerial approval under the Environmental Assessment Act in May 2008. The 10,300 hectare Goldfields property presents numerous exploration opportunities, including the potential to expand the Box and Athona deposits and discover additional resources at several other gold prospects and occurrences.

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) is a gold-focused exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has a goal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation.

 

Further information on Fortune Bay and its assets can be found on the Company's website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

"Dale Verran"
Chief Executive Officer
902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 



Figure 2: Athona Phase 1 drill hole locations and down hole assay results. (CNW Group/Fortune Bay Corp.)


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