Power broker Lukas Lundin made another investment story for Gold seekers by balancing Russian risk with Kinross Gold investment. Now drills will be turning and, hopefully, we will enjoy discovery stage of this potentially multi million Oz in the ground story second time. Only Mr Market can give us all second chance to Buy at 0.34CAD into this story now with Gold above 900 USD/oz, Lukas Lundin in the saddle and Kinross Gold managing GAZPROM Bank weight.
Fortress Minerals Corp.: Drilling Underway at Svetloye Project, Russia
On Monday May 11, 2009, 8:57 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST - News) is pleased to announce that drilling has commenced at the Svetloye gold project, located in the Russian Far East. The 2009 drilling program will initially concentrate at the Amy prospect where the Company recently updated the 43-101 compliant inferred resource to 467,000 contained ounces of gold at an average grade of 2.43 grams/tonne (g/t). The total inferred resources at Svetloye, including Elena, Amy and Tamara now stands at 20.103 million tonnes grading 2.21 g/t gold and containing 1.428 million ounces of gold (see Press Release dated April 23, 2009). An aggressive work program is planned for 2009 including trenching, sampling and over 8,000 metres of drilling.
The Amy deposit is one of nine prospects at Svetloye that occur over a linear distance of eight kilometres. Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress currently owns a 100% interest in the Svetloye Project. Please see the Company web site at www.fortressminerals.com for more information.
James C. Ashleman, Chief Geologist, P.Geo., and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
Lukas Lundin, President and CEO
On Monday May 11, 2009, 8:57 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - Fortress Minerals Corp. ("Fortress" or "the Company") (TSX VENTURE:FST - News) is pleased to announce that drilling has commenced at the Svetloye gold project, located in the Russian Far East. The 2009 drilling program will initially concentrate at the Amy prospect where the Company recently updated the 43-101 compliant inferred resource to 467,000 contained ounces of gold at an average grade of 2.43 grams/tonne (g/t). The total inferred resources at Svetloye, including Elena, Amy and Tamara now stands at 20.103 million tonnes grading 2.21 g/t gold and containing 1.428 million ounces of gold (see Press Release dated April 23, 2009). An aggressive work program is planned for 2009 including trenching, sampling and over 8,000 metres of drilling.
The Amy deposit is one of nine prospects at Svetloye that occur over a linear distance of eight kilometres. Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress currently owns a 100% interest in the Svetloye Project. Please see the Company web site at www.fortressminerals.com for more information.
James C. Ashleman, Chief Geologist, P.Geo., and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
Lukas Lundin, President and CEO
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