Fortitude Gold owns 100% interest in the Mina Gold property located in Nevada’s Walker Lane Mineral Belt. The property has the potential to be a future open pit heap leach gold operation. Mina Gold reported a historic third-party estimate of mineralized material totaling 1,606,000 tonnes grading 1.88 g/t gold. The property covers an area of approximately 1,200 acres consisting of 61 unpatented claims and 5 patented claims. In 2018, the Company completed an 11-hole reverse circulation drilling program totaling 885 meters on the property. This drilling targeted expansion along strike and depth of the known high-grade gold mineralization on our patented claims. In 2019, the Company reviewed results from previous surface drilling to guide follow-up drilling planned and other exploration activities for Mina Gold. In addition, the Company expanded its land position at Mina Gold by leasing an additional 18 unpatented lode mining claims. These claims will be evaluated along with the original claims at the Mina Gold property in preparation for future surface drilling programs. In 2020 and 2021, the Company plans to evaluate the known mineralized zone among a much larger conceptual plan of multiple open pits along a trend to the south east onto the Golden Mile property whereby feeding ore to a strategically located heap leach and process facility. The conceptualized process plant is being evaluated to take the gold to carbon stage and then haul the carbon for processing at the ADR facility at Isabella Pearl for final doré production. Baseline and background studies are being evaluated and budgeted.
MINA GOLD
Surface & near surface gold
| Interval | Grade | From |
|---|---|---|
| 15.24 m | 3.34 g/t Au | Surface |
| 12.19 m | 2.98 g/t Au | 6.10 m |
| 19.81 m | 1.47 g/t Au | 3.10 m |
- Open pit heap leach potential
- Metallurgical recovery 70% - 80%*
- Particle agglomeration heap leach
- Patented claims with known mineralization
- Upside potential
- Expansion of known mineralization
- Mineralization on strike and depth
- Additional exploration targets
*Testing by Legend Metallurgical Lab Inc., Reno, Nevada