Fortune Bay Corp. (TSXV: FOR) today released their phase 1 drilling results for the Athona gold deposit on the company’s Goldfields project in northern Saskatchewan. The company completed a total of six diamond drill holes totaling 1,170 meters.
The primary aim of the drilling program was focused on validating historical results and commencing Fortune’s resource expansion to the south. Results from the assays confirm significant expansion of mineralization to the south, while remaining open. The Athona Mine Granite reflects a more broadly mineralized unit than previously indicated by historical drill holes.
Results from the program include
- Drill Hole A21-222 intersected 1.04 g/t gold over 34.6 meters, including 16.70 g/t gold over 1 meter
- Drill Hole A21-223 intersected 1.22 g/t gold over 19 meters, including 8.18 g/t gold over 1 meter, and 7.80 g/t gold over 1 meter
- Drill Hole A21-218 intersected 3.80 g/t gold over 3 meters
- Drill Hole A21-219 intersected 1.09 g/t gold over 13 meters, and 1.12 g/t gold over 8 meters
Fortune also noted it intends to conduct field reconnaissance activities that are planned for late June-early July, with the aim of verifying and investigating occurrences, while also searching for new discoveries. The company is currently drilling 4,000 metres at its Box gold deposit following the completion of the Athona drill program.
Fortune Bay Corp. last traded on the TSX Venture at $0.84.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.