Fortitude Gold Discovers Lithocap High-Grade Feeder Including 3.05 Meters Grading 5.57 G/T Gold within 12.19 Meters Grading 2.90 G/T Gold at East Camp Douglas - Seite 2

"This new discovery of a high-grade gold feeder zone supplying the larger mineralized lithocap confirms what we had always hoped would be the case at our East Camp property which now elevates it to possibly being one of those rare and potentially large gold deposits," stated Mr. Jason Reid, CEO and President of Fortitude Gold. "Lithocaps in and of themselves don't necessarily mean much, but our very large gold bearing lithocap with both typical bulk tonnage lower grade gold mineralization is now confirmed to be associated with an initial high-grade feeder zone, both which are earmarks for a significant discovery. 12.19 meters, or forty feet, of 2.90 grams per tonne gold is both exciting and incredible, especially given its location within our lithocap."

Mr. Reid continued, "Our new questions include how large is the mineralization within the lithocap, how large is the high-grade gold feeder zone, and are there additional feeder zones given the tremendous size of our mineralized lithocap. This is a very large area and will take substantial time to fully test and understand our geologic model. As I have stated before, we are swinging for the fence with our lithocap exploration program, and it is very exciting to see that we may have hit a home run. High-grade gold like we just intercepted within our huge mineralized lithocap is very rare. Mineralized lithocaps are associated with some tremendous gold deposits around the globe and speak to the extensive and exciting potential of our East Camp Douglas district scale land position."

Foto: Accesswire

Foto: Accesswire

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company's Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.