Fortress Intercepts 81.8 Metres Grading 2.66 g/t Gold Including 20.3 Metres Grading 6.48 g/t Gold at the Elena Prospect, Svetloye Project Russia
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- Fortress Intercepts 81.8 Metres Grading 2.66 g/t Gold Including 20.3 Metres Grading 6.48 g/t Gold at the Elena Prospect, Svetloye Project Russia
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VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 11/09/09 -- Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE: FST) is pleased to announce the remaining results from the 2009 drilling program at the Svetloye Project, Russia.
Drill hole PDSC-294 from the Elena prospect intercepted 81.8 meters from surface grading 2.66 grams per tonne (g/t) gold, including 20.3 metres grading 6.48 g/t gold. Drill hole PDSC-293 intercepted 71.8 metres from surface grading 1.88 g/t gold, including 50.6 metres grading 2.44 g/t gold. Drill hole PDSC-289 also from the Elena prospect intercepted 74.2 metres (from 6.0 to 80.2 metres) grading 1.77 g/t gold including 62.1 metres (from 18.1 to 80.2 metres) grading 2.02 g/t gold. Please see the attached table for the remaining drill results from the 2009 program.
Fortress completed a total of 9,577 metres of drilling in 2009 at three of the target areas identified at the Svetloye Project, with highly encouraging results. The 2009 Svetloye drilling program was primarily designed to provide increased continuity of sample data for resource definition within ore zones previously defined (see Press Release dated April 23, 2009), and to determine the structural control of the Amy prospect. See the second attached table and maps for the highlights of the entire 2009 drill program.
The Svetloye Project consists of nine prospects that occur over a linear distance of eight kilometres. Prior to the 2009 drilling and trenching programs, the total inferred resources at Svetloye, including the Elena, Amy and Tamara prospects was estimated at 20.1 million tonnes grading 2.21 g/t gold containing 1.428 million ounces of gold (see Press Release dated April 23, 2009 for complete details).
Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress owns a 100% interest in the Svetloye Project.
The Company plans to mobilize fuel and equipment to Svetloye over the winter months for next year's program. In the meantime the Company will concentrate its exploration efforts on the Malmyzh copper-gold and Limonite copper-molybdenum properties. These properties, which are accessible by road from Khabarovsk, can be drilled during the winter months (see Press Release dated October 19, 2009).
Remaining Results from the 2009 Drill Program
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Gold Silver
TD From To Width Grade Grade
Hole Area (m) (m) (m) (m) (g/t) (g/t)
-------------------------------------------------------------------------
PDSC-286 Elena 120.3 0.0 8.0 8.0 4.45 1.2
-------------------------------------------------------------------------
And 25.2 70.9 45.7 1.12 5.9
-------------------------------------------------------------------------
Including 33.5 56.6 23.1 1.71 9.2
-------------------------------------------------------------------------
PDSC-287 ETX 196.6 no significant intercepts
-------------------------------------------------------------------------
PDSC-288 ETX 220.0 125.4 131.5 6.1 2.47 4.1
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less
than
And 168.6 176.7 8.1 0.94 1.0
-------------------------------------------------------------------------
less
than
Including 168.6 172.6 4.0 1.59 1.0
-------------------------------------------------------------------------
PDSC-289 Elena 100.8 6.0 80.2 74.2 1.77 8.3
-------------------------------------------------------------------------
Including 18.1 80.2 62.1 2.02 9.8
-------------------------------------------------------------------------
PDSC-290 Elena 101.4 5.9 22.1 16.2 1.30 2.2
-------------------------------------------------------------------------
Including 14.2 20.1 5.9 2.95 4.5
-------------------------------------------------------------------------
And 39.0 60.6 21.6 0.95 4.9
-------------------------------------------------------------------------
PDSC-291 Elena 102.6 0.0 49.3 49.3 1.18 4.9
-------------------------------------------------------------------------
Including 20.2 30.9 10.7 1.96 10.0
-------------------------------------------------------------------------
PDSC-292 Elena 102.4 0.0 60.2 60.2 1.34 7.9
-------------------------------------------------------------------------
Including 31.6 51.3 19.7 2.25 15.7
-------------------------------------------------------------------------
PDSC-293 Elena 102.6 0.0 71.8 71.8 1.88 15.0
-------------------------------------------------------------------------
Including 0.0 50.6 50.6 2.44 17.4
-------------------------------------------------------------------------
PDSC-294 Elena 102.6 0.0 81.8 81.8 2.66 4.4
-------------------------------------------------------------------------
Including 0.0 20.3 20.3 6.48 8.8
-------------------------------------------------------------------------
And including 50.6 56.8 6.2 7.31 19.3
-------------------------------------------------------------------------
less
than
PDSC-295 Tamara 152.5 40.6 46.5 5.9 0.35 1
-------------------------------------------------------------------------
less
than
And 127.4 134.5 7.1 0.46 1
-------------------------------------------------------------------------
PDSC-296 Tamara 127.0 6.0 17.4 11.4 0.03 53.9
-------------------------------------------------------------------------
less
than
And 79.5 93.0 13.5 0.17 1
-------------------------------------------------------------------------
Summary of Highlights from the Entire 2009 Drill Program
-------------------------------------------------------------------------
Gold Silver
TD From To Width Grade Grade
Hole Area (m) (m) (m) (m) (g/t) (g/t)
-------------------------------------------------------------------------
PDSC-243 Amy 219.4 20.4 60.4 40 3.677 7.971
-------------------------------------------------------------------------
Including 20.4 38.6 18.2 3.702 5.461
-------------------------------------------------------------------------
And including 48.4 56.3 7.9 9.572 25.768
-------------------------------------------------------------------------
PDSC-244 Amy 220.5 6.2 36.2 30 1.539 3.533
-------------------------------------------------------------------------
Including 23.2 34.2 11 3.018 8.08
-------------------------------------------------------------------------
less
than
And 42.8 142.2 99.4 1.028 1
-------------------------------------------------------------------------
Including 82.3 104.1 21.8 1.534 2.002
-------------------------------------------------------------------------
And including 116 120.8 4.8 4.810 1.745
-------------------------------------------------------------------------
less
than
And 205 220.5 15.5 1.447 1
-------------------------------------------------------------------------
PDSC-247 Amy 220 18 91 73 1.506 1.527
-------------------------------------------------------------------------
Including 18 27.2 9.2 5.002 6.33
-------------------------------------------------------------------------
And including 81.4 88.6 7.2 3.552 1.82
-------------------------------------------------------------------------
less
than
PDSC-249 Amy 224 16.6 168.7 152.1 0.524 1
-------------------------------------------------------------------------
Including 97.1 110.6 13.5 1.397 1.139
-------------------------------------------------------------------------
And including 117.4 122 4.6 4.100 1.73
-------------------------------------------------------------------------
PDSC-250 Amy 233 108.4 185.8 77.4 1.331 3.258
-------------------------------------------------------------------------
Including 79.7 84.2 4.5 1.345 1.394
-------------------------------------------------------------------------
And including 112.4 128.8 16.4 1.059 1.363
-------------------------------------------------------------------------
And including 151.6 154 2.4 29.600 80.4
-------------------------------------------------------------------------
less
than
And 202.5 206.9 4.4 0.900 1
-------------------------------------------------------------------------
approx.
PDSC-252 Amy 224 14.4 75.2 60.8 2.620 1
-------------------------------------------------------------------------
Including 36.2 45.8 9.6 8.558 1.722
-------------------------------------------------------------------------
And including 50 68.5 18.5 3.370 1.555
-------------------------------------------------------------------------
less
than
And 91.7 177 85.3 0.368 1
-------------------------------------------------------------------------
And 211.6 224 12.4 11.879 82.08
-------------------------------------------------------------------------
Including 211.6 216.9 5.3 26.996 191.366
-------------------------------------------------------------------------
PDSC-262 Amy 161 0 75.5 75.5 1.314 2.558
-------------------------------------------------------------------------
Including 10.8 50.4 39.6 1.711 3.938
-------------------------------------------------------------------------
less
than
And including 62 75.5 13.5 1.646 1
-------------------------------------------------------------------------
less
than
And 83.9 92.8 8.9 0.532 1
-------------------------------------------------------------------------
less
than
PDSC-264 Amy 149 8 137.4 129.4 1.044 1
-------------------------------------------------------------------------
less
than
Including 28.7 58.6 29.9 1.424 1
-------------------------------------------------------------------------
less
than
And including 69.8 131 61.2 1.178 1
-------------------------------------------------------------------------
PDSC-281 Amy 221 0 62.1 62.1 3.126 2.696
-------------------------------------------------------------------------
Including 25.1 51 25.9 5.712 3.341
-------------------------------------------------------------------------
PDSC-269 Elena 50 0 38.9 38.9 3.406 10.54
-------------------------------------------------------------------------
PDSC-271 Elena 123.6 0 27.3 27.3 3.614 1.98
-------------------------------------------------------------------------
Including 0 23.2 23.2 4.187 2.24
-------------------------------------------------------------------------
PDSC-273 Elena 150.1 11.6 62.1 50.5 5.360 4.03
-------------------------------------------------------------------------
Including 32.9 59.4 26.5 9.240 6.45
-------------------------------------------------------------------------
PDSC-276 Elena 70.5 7.5 61.5 54 1.610 2.4
-------------------------------------------------------------------------
Including 21.3 51.5 30.2 2.420 3.9
-------------------------------------------------------------------------
PDSC-278 Elena 218 0 87.4 87.4 2.550 4.8
-------------------------------------------------------------------------
Including 0 37.6 37.6 4.670 4
-------------------------------------------------------------------------
less
than
PDSC-284 Elena 161 0 122.5 122.5 1.763 1.0
-------------------------------------------------------------------------
less
than
Including 0 12.3 12.3 4.541 1.0
-------------------------------------------------------------------------
And including 61 108.7 47.7 2.681 10.914
-------------------------------------------------------------------------
PDSC-289 Elena 100.8 6 80.2 74.2 1.770 8.255
-------------------------------------------------------------------------
Including 18.1 80.2 62.1 2.019 9.754
-------------------------------------------------------------------------
PDSC-293 Elena 102.6 0 71.8 71.8 1.883 14.956
-------------------------------------------------------------------------
Including 0 50.6 50.6 2.442 17.383
-------------------------------------------------------------------------
PDSC-294 Elena 102.6 0 81.8 81.8 2.664 4.352
-------------------------------------------------------------------------
Including 0 20.3 20.3 6.477 8.839
-------------------------------------------------------------------------
And including 50.6 56.8 6.2 7.309 19.333
-------------------------------------------------------------------------
less
than
PDSC-263 Tamara 130 27.3 123.9 96.6 0.479 1
-------------------------------------------------------------------------
Including 71 104 33 0.817 1.66
-------------------------------------------------------------------------
less
than
And including 118.8 123.9 5.1 0.722 1
-------------------------------------------------------------------------
James C. Ashleman, Chief Geologist, P. Geo., and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. A rigorous quality control program has been instituted involving insertion of certified standards and duplicate sampling. Samples are crushed and split on site with final sample preparation at the Irgiredmet Laboratory of Irkutsk, Russia (accredited by the State Committee of the Russian Federation for Standardization and Metrology "Gosstandart" of Russia). Assaying by fire assay is performed by the Irgiredmet Laboratory.
To view the maps accompanying this press release please click on the following link: http://media3.marketwire.com/docs/fst1109.pdf
ON BEHALF OF THE BOARD
Lukas H. Lundin, President and CEO
This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Fortress Minerals Corp. Sophia Shane Corporate Development 604 689 7842 www.fortressminerals.com
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