Isabella Pearl Power Grid Construction Commences

COLORADO SPRINGS, CO – Fortitude Gold Corp. has commenced construction of the power line to supply the Company’s Isabella Pearl Project in Mineral County, Nevada. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada. NV Energy has commenced power line construction of a four-mile stretch from the Company’s Isabella Pearl Project to the nearest substation for electrical grid power connection. Once complete, grid power is expected to lower production costs as the Company transitions away from costlier diesel-powered generators currently in use at the Project.
“We look forward to our Isabella Pearl Project being connected to the power grid, which is estimated to lower our energy costs,” said CEO and President, Jason Reid. “We expect to decrease our diesel consumption, limit our generator power needs, limit generator rebuild costs and maintenance expenses while also reducing our onsite emissions with connection to the power grid. It’s estimated we may see in excess of eighty thousand dollars in monthly energy savings using grid power over our current diesel power plant.”