Fortitude Gold Corp. (OTCQB:FTCO) has announced multiple gold drill intercepts from the Triumph target at its East Camp Douglas property in Mineral County, Nevada. The reported results include narrow higher-grade intervals within wider mineralised sections, with measurements reported downhole rather than as true widths.
#Reported Triumph target intercepts
Hole ECDRC-384 returned 13.72 meters grading 3.58 grams per tonne gold, including 1.52 meters grading 26.67 grams per tonne gold.
Hole ECDRC-256 returned 10.67 meters grading 3.72 g/t gold, including 3.05 meters grading 11.16 g/t gold. Hole ECDRC-381 returned 9.14 meters grading 5.10 g/t gold, including 3.05 meters grading 13.72 g/t gold.
Hole ECDRC-383 returned 7.62 meters grading 8.87 g/t gold, including 3.05 meters grading 19.60 g/t gold.
Assay work was carried out by American Assay Laboratories in Sparks, Nevada, USA. Fortitude states that the reported meters are downhole measurements and do not represent true width.
#Location and exploration activity
The Triumph target is approximately 600 meters north of White Rock West and approximately 300 meters northwest of Roosevelt, on the northern end of the district. The target takes its name from the historic Triumph Mine, which operated in the early 20th century.
Fortitude said three exploration drills are operating at East Camp Douglas. Vice President of Exploration Allan Turner said a structural programme is underway to better define the orientations of mineralised host structures. He also said the field component of a large-scale induced polarisation study over northern East Camp Douglas is being finalised, with a core drill programme described as scheduled for early in 2027.
Turner said the company intends to expand its drill programmes once it receives the large-scale exploration permit associated with the Exploration Plan of Operations. These plans are subject to the stated permitting and other risks and uncertainties.
#East Camp Douglas property
East Camp Douglas is located in the Silver Star mining district, approximately 6 mi (10 km) southwest of Mina, Nevada. The property comprises 540 unpatented lode mineral claims, 24 unpatented placer claims, 12 patented mining claims and two fee land parcels.
The source describes low-sulfidation gold-bearing mineralisation associated with a silica lithocap in the southern part of the property, while the northern area contains high-sulfidation style gold-bearing mineralisation. Fortitude’s exploration drilling has intercepted high-grade gold mineralisation in both areas.
#Joint venture structure and cautionary statement
East Camp Douglas is held through a joint venture in which Fortitude owns 60% and Hawthorne Land & Minerals, LLC owns 40%. Fortitude is contributing the property, while Hawthorne is contributing a total of $40 million for exploration and development.
Fortitude said its announcement contains forward-looking statements involving risks and uncertainties, including statements about exploration plans, company strategy and future production plans. The company cautioned that actual results could differ materially from those discussed, that there can be no assurance that the statements will prove accurate, and that it assumes no obligation to update them.
#Key Takeaways
- Fortitude Gold reported multiple drill intercepts from the Triumph target at East Camp Douglas in Nevada.
- Hole ECDRC-384 included 1.52 meters grading 26.67 grams per tonne gold within 13.72 meters grading 3.58 grams per tonne gold.
- Three exploration drills are operating at East Camp Douglas.
- A structural programme and an induced polarisation study are underway, with a core drill programme described for early in 2027.
- Fortitude owns 60% of the East Camp Douglas joint venture, while Hawthorne Land & Minerals, LLC owns 40%.
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