Additional Encouraging Assays From East Manhattan
VANCOUVER, BC - Fortune River Resource Corp. reported preliminary gold assays from the remaining seven drill holes completed at the company's 100% owned East Manhattan low-sulfidation gold/silver project. The project, which consists 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). Royal Standard Minerals is currently conducting underground test mining at its Goldwedge development project, located approximately five kilometers to the west of the East Manhattan project.
The first-phase program consisted of 2,091 metres in 12 reverse-circulation drill holes that tested five of the multiple vein zones on property. Hole EM08010 is particularly encouraging as it contains two significant intervals: 11.25m of 2.868 g/t Au at 91.4m depth followed by another 11.25m of 0.805 g/t Au at 118.9m depth. In addition, hole EM08007 contains several zones of gold mineralization, with the best being 1.19m of 2.430 g/t Au at 77.7m depth.
Gold assays for the first four holes, reported on May 13th, are also encouraging, particularly holes EM08002 and EM08003, which were drilled from a shared site. EM08002 contains 7.2m of 1.41 g/t Au, including 1.2m of 6.31 g/t Au (gravimetric rerun is 2.84 g/t Au), at 50.3m depth and EM08003 contains 5.1m of 2.08 g/t Au, including 1.7m of 3.85 g/t Au (gravimetric rerun is 3.31 g/t Au), at 77.7m depth. Hole EM08003 cut the mineralized zone approximately 43m down dip from EM0802. Results indicate that the central vein zone, with veins dipping north in holes EM08002, 003 and 007, and dipping south in EM08010, may delineate the primary conduit for gold-bearing fluids.
President Joe Kizis commented, "Hole EM08010, along with holes EM08002 and EM08003, contain encouragingly thick zones of precious metals mineralization at relatively shallow depths along the central vein zone. The next drill program will test the gold system down dip and along strike. Metallic Screen assays indicate that free gold is present, as it is elsewhere in the district, and we are evaluating drilling techniques that will minimize the chance of losing free gold due to the drilling method during our follow-up work."
In other news, drilling continues at Wind Mountain. Hole WM08022 was recently completed at 404m, intersecting similar alteration as in earlier holes. Drilling is very slow due to the extreme hardness of the silicified rock. Preliminary gold assays for hole WM08020 have been received with two zones containing +0.3 g/t Au within a very thick zone (253m) of anomalous gold (averaging 0.236 g/t Au). Beginning at 154m there is 33.5m averaging 0.535 g/t Au and beginning at 204m there is 25.9m averaging 0.360 g/t Au. Silver values have not been received. Wind Mountain is being acquired via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines, Limited.
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, (604) 684-9384, fax: (604) 688-4670.