Fortitude Gold owns 100% interest in the East Camp Douglas gold property located in Nevada’s Walker Lane Mineral Belt. The property covers an area of approximately 5,600 acres consisting of 289 unpatented claims, 16 patented claims and additional fee lands in Mineral County, Nevada. Precious metal epithermal mineralization at East Camp Douglas occurs as both widespread high sulfidation alteration areas and low sulfidation veins. Prior exploration by several mining and exploration companies has established modest gold resource potential in five separate areas on the property, with over 3,000 meters of drill core and a large exploration database. The Company believes this large property has numerous untested gold targets with open pit heap leach potential warranting an extensive exploration program. Field exploration activities include surface geologic mapping, rock chip sampling and collection of samples for spectral analysis in the vicinity of workings of the historic Kernick, Sunset, and Triumph mine areas. The Company also has commenced initial 3D-modeling for the historic mine areas. These historic mines and the lithocap area continue to be evaluated for surface drilling. We initiated our first drill program to begin testing the very large lithocap area near the south end of the property in 2020.
Historic drill results from East Camp Douglas (provided by Diversified Inholdings, LLC and several third- party exploration companies) include:
EAST CAMP DOUGLAS
Surface & near surface gold
Third party drill intercepts include
| Interval | Grade | From |
|---|---|---|
| 22.86 m | 13.55 g/t Au | 4.60 m |
| 4.57 m | 4.39 g/t Au | |
| 13.72 m | 2.88 g./t Au | 13.00 m |
| 7.62 m | 2.86 g/t Au | 3.00 m |
| 18.29 m | 2.42 g/t Au | |
| 6.10 m | 2.00 g/t Au | |
| 23.86 m | 1.99 g/t Au | Surface |
| 18.80 m | 1.91 g/t Au | |
| 27.40 m | 1.62 g/t Au | |
| 4.57 m | 1.39 g/t Au | |
| 15.24 m | 1.25 g/t Au | 47.00 m |
| 9.10 m | 1.00 g/t Au | Surface |