Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Fortune Bay Corp.
Project name: Goldfields
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 8.0m @ 13.22g/t Au from 426.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: HALIFAX, NS March 7, 2022 – Fortune Bay Corp. (TSXV:FOR, FWB:5QN) (“Fortune Bay” or the “Company”) is pleased to announce gold assay results for the remaining four step-out drill holes completed at the Box gold deposit (“Box”), located on the Company’s Goldfields Project (“Goldfields” or the “Project”) in northern Saskatchewan (Figure 1). The drill holes are part of the Phase 1 resource expansion program completed in 2021. The four drill holes, completed on an approximate 50 metre spacing, returned significant gold intercepts outside of the extents of the current 2021 Mineral Resource Estimate (“2021 MRE”) for Box, with highlights that included The drill holes were oriented at moderate dips (-55 to -60 degrees) to the east to intersect the dominant mineralized vein-sets at high angles, and true thicknesses are estimated to be approximately 80% of the intersected lengths. Assay results for the initial three step-out drill holes at Box were announced on September 14, 2021, with highlights that included 8.00 g/t Au over 12.0 metres (drill hole B21-336) and 8.00 g/t Au over 4.0 metres (drill hole B21-334).
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