Breaking #Mining
#Stock News: FORTUNE BAY (TSXV: $FOR.V) BEGINS
PHASE ONE DRILLING AT GOLDFIELDS PROJECT; @fortunebaycorp
HALIFAX, NS March 17, 2021 – (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt: 5QN) (“Fortune Bay” or the “Company”) is pleased to announce that the Phase 1 drilling program has commenced at its 100% owned Goldfields Project (“Goldfields” or the “Project”) located in northern Saskatchewan. The Company plans to complete approximately 5,000 metres in 15 holes.
Read this news, featuring FOR in full at https://www.investorideas.com/CO/FOR/news/2021/03171Phase-One-Goldfields.asp
A diamond drill rig has
been mobilized to site and drilling is currently underway at the Athona South
target. Planned drilling at Athona South is expected to include confirmatory
drilling to verify the 1930’s historical results, infill drilling to establish
continuity with mineralization to the north, and step-out drilling to the south.
The Phase 1 drilling program
also includes planned step-out drilling at the Box deposit’s Zone A and B where
high priority targets have been identified. An approximate 50 metre drill
spacing has been planned for the Phase 1 program at Box and Athona designed to
commence expanding the historical mineral resources beyond the current drilling
coverage.
Dale Verran, CEO for
Fortune Bay, commented, “We are pleased to have started drilling approximately
two weeks after being awarded a drilling permit. The mobilization to site was completed
as planned and made efficient and cost-effective by access along the seasonal Lake
Athabasca ice road. We now look forward to the results from our planned drill holes
at Athona and Box, which will importantly include the receipt of gold assays in
the coming weeks.”
The location of the drill
targets at the Athona and Box gold deposits, and further drill target details,
are provided in the Company’s news release dated February 26, 2021.
Dale Verran, P.Geo., Chief
Executive Officer of the Company and Qualified Person as defined by NI 43-101
has reviewed and approved the contents of this news release.
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.
Fortune Bay Corp.
(TSXV: FOR) is a featured Mining stock on Investorideas.com
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Fortune Bay Corp is an annual featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Get more mining stock investor ideas- news, articles, podcasts and stock directories
No comments:
Post a Comment