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Fortune River trades in three markets in three countries
USA Quote: http://finance.yahoo.com/lookup?s=frxff
Canadian Quote: http://finance.yahoo.com/q?s=FRX.v+
FRANKFURT Quote: http://finance.yahoo.com/q?s=rg7a.f&d=t
Developing Resources
for the New Global Demand
Fortune River Resource Corp. follows a strategy of acquiring projects with significant high-grade gold potential in historic mining districts. The company has assembled an experienced team of directors, managers and consultants with a wealth of expertise in resource and public financing, precious metal exploration and project development. Project acquisitions have focused on the prolific gold producing state of Nevada and the province of Ontario. In Nevada, Fortune River currently has six low-sulphidation, gold properties; the Wind Mountain, Highland, Baxter, Buz, Mud Springs and the East Manhattan projects.
In Nevada, Fortune River currently has six low-sulphidation, gold properties; the Wind Mountain, Highland, Baxter, Buz, Mud Springs and the East Manhattan projects. The Wind Mountain Project is located approximately 160km northeast of Reno and has good road access and a power line to the property. AMAX Gold/Kinross Gold recovered nearly 300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999 from the Wind Mountain and Breeze open pit heap leach operations (based on Kinross Gold files).
In late 2007 the company received an independent NI43-101 compliant resource estimate of the remaining mineralization, which includes a total Measured plus Indicated Resource for the project of 33.7 million tons averaging 0.012opt gold (0.411g/t Au) using a cutoff grade of 0.0075opt Au (0.257g/t Au), containing 406,000 ounces of gold (See News Release dated January 8/08). Additionally, the estimate includes an Inferred Resource of 9.8 million tons averaging 0.009opt Au (0.308g/t Au) using a cutoff grade of 0.0075opt Au, containing 92,000 ounces of gold. None of the mineralization encountered in 2008 holes is included in the resource estimates.
The East Manhattan prospect consisting of 84 claims (approximately 680 hectares), is located in Nevada’s Nye County at the eastern edge of the Manhattan Mining district (historic production estimated to be approximately one million ounces of gold) and approximately 19 kilometers southeast of the Round Mountain mine (reported production of +10 million ounces of gold and reserves of approximately four million ounces of gold).
Letters-of-Intent have been entered into between the company and Christopher James Gold Corp for the Highland project, in Lander County, and the Buz project are in close proximity to each other. The Baxter project is also a low-sulphidation epithermal gold/silver system, which is located approximately 5.5km southwest of the Highland project with the Mud Springs project also in close proximity to the Baxter and Highland properties. The balance of these projects are candidates as well for Joint Venture.
In western Ontario, the company has acquired the Drayton project. The property is located within the Superior Province of the Canadian Shield, the world's largest Archean craton, which is host to a variety of mineral deposits including the major gold mining districts of Rice Lake, Pickle Crow, Long Lac and Hemlo.
In western Ontario, the company has acquired the Drayton project. The property is located within the Superior Province of the Canadian Shield, the world's largest Archean craton, which is host to a variety of mineral deposits including the major gold mining districts of Rice Lake, Pickle Crow, Long Lac and Hemlo.
Fortune River Resource Corp. is positioned to benefit from investor interest in gold and gold exploration companies. The company continues to evaluate and prioritize high potential gold properties for possible acquisition, capable of generating both a short and longer-term increase in share value.
