other material
confidence high
sentiment positive
materiality 0.60
Fortitude Gold announces maiden Golden Mile resource: 78,500 oz Indicated, 84,500 oz Inferred
Fortitude Gold Corp
- Indicated resource: 78,500 oz gold at 1.13 g/t; Inferred: 84,500 oz at 1.10 g/t.
- Resource based on 17,440m drilling in 150 holes; mineralization open along strike and depth.
- Condemnation drilling underway for heap leach pad, process facilities, and waste storage.
- Plan to truck loaded carbon to existing Isabella Pearl ADR plant, cutting capital and permit time.
- Company targeting near-term production decision and second mine build using cash treasury.