Welcome To The Fortress Minerals HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Amy Prospect Trench/Mineralizatio... Extends South/Open to the East, South & West

Amy Prospect Trench/Mineralizatio... Extends South/Open to the East, South & West

posted on Jan 22, 2009 09:30AM
January 22, 2009
Fortress Amy Prospect Trench and Geophysical Results Indicate Mineralization Extends to the South and Remains Open to the East, South, and West
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2009) - Fortress Minerals Corp. (TSX VENTURE:FST) ("Fortress") is pleased to announce the latest results from trenching and geophysical surveys at the Amy prospect, Russia. Results include channel samples from trench PDTR-A11 that returned 117.8 metres grading 0.88 grams per tonne (g/t) gold and the discovery of two soil-covered high chargeability zones measuring 1500 metres by 300 metres and 400 metres by 400 metres in size that occur east and southeast of the area investigated to date. Surface trenching to a total distance of 320 meters was completed at 80 meter offsets due south and uphill of the southernmost fence of drill holes (referred to as the "PDSC-233, 234, 236 Fence" or the "South Fence" - see Press Release dated December 8, 2008). Results of trench PDTR-A11 excavated 80 metres south of the South Fence indicate that mineralization of similar character extends on-surface to the south for more than 80 meters, and appears to continue a minimum of 240 additional meters beneath an overlying unmineralized andesitic flow unit. This interpretation is based on altered and gold-bearing faults that extend-through the barren overlying andesites in trenches south and uphill of Trench PDTR-A11.

----------------------------------------------------------------------------
                      Meters  From     To   Width  Gold grade        Silver
Prospect   Trench    Sampled    (m)    (m)     (m)       (g/t)         (g/t)
----------------------------------------------------------------------------
Amy      PDTR-A11      153.0  70.2  188.0   117.8        0.88           n/a
----------------------------------------------------------------------------
                   including  70.2   91.5    21.3        1.25           3.5
----------------------------------------------------------------------------
                   including 134.8  185.0    50.2        1.31           n/a
----------------------------------------------------------------------------
Amy      PDTR-A12      205.0  92.5  153.0    60.5        0.66   less than 1
----------------------------------------------------------------------------
                   including 132.0  150.0    18.0        1.44           2.0
----------------------------------------------------------------------------
Amy      PDTR-A13      142.0  70.6   73.0     2.4        0.56           4.1
----------------------------------------------------------------------------
Amy      PDTR-A14      181.5  72.4  134.0    61.6        0.53           1.5
----------------------------------------------------------------------------
Silver assays have now been completed for the previously released trenches from the Amy prospect and indicate silver values substantially greater than those reported from either the Elena prospect or the Tamara prospect, both of which also occur within the Svetloye license. Previously released Amy prospect trench results with the newly acquired silver assay results are listed below:

----------------------------------------------------------------
              Meters   From    To    Width  Gold grade  Silver
Trench       Sampled     (m)   (m)      (m)       (g/t)   (g/t)
----------------------------------------------------------------
PDTR-A7-1       30.0    0.0  27.3     27.3        5.69     2.1
----------------------------------------------------------------
PDTR-A8-1      212.0  -19.0  86.0    105.0        2.15     2.6
----------------------------------------------------------------
           Including  -19.0  18.0     37.0        4.70     5.6
----------------------------------------------------------------
PDTR-A18        32.0      no significant mineralization
----------------------------------------------------------------
PDTR-A19        23.2    7.0  23.2     16.2        3.11     9.2
----------------------------------------------------------------
   Note: PDTR-A8: 19m sampled in 2007 (-19 to 0) and 0 to 212m
   sampled in 2008.
Of additional importance are the latest results of the IP geophysical survey completed at the Amy prospect. Results indicate a previously unknown zone of strong chargeability response to the east of the area worked to date that is buried beneath extensive soil cover. This zone of high chargeability extends more than 1.5 kilometers along strike and is approximately 300 meters wide (see Figure 1). The zone of high chargeability is interpreted to result from disseminated sulfides that are commonly associated with gold mineralization within high sulfidation gold deposits such as the Amy prospect. A second blind target was identified by the IP survey to the southeast of the Amy prospect, again buried under relatively thick soil cover (see Figure 1). Both of these large geophysical anomalies are located outside the areas of existing soil surveys, trenching, and drilling. As a result, follow-up soil sampling, trenching, and drilling within these newly discovered targets is planned for the 2009 program.

Amy is one of nine prospects at the Svetloye Project that occur along an eight kilometer long zone of epithermal gold mineralization, including the Elena Prospect which has received the majority of exploration work to date. Gold is associated with extensive zones of vuggy silica and alunite. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal gold deposits. Fortress currently has a 100% interest in the Svetloye Project.

James C. Ashleman, Chief Geologist and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. A rigorous quality control program has been instituted involving insertion of certified standards, duplicate sampling and check assaying. Samples are crushed and split on site with final sample preparation at the Irgiredmet Laboratory of Irkutsk, Russia (accredited by the State Committee of the Russian Federation for Standardization and Metrology "Gosstandart" of Russia). Assaying by fire assay is performed by the Irgiredmet Laboratory. A significant number of duplicate samples are also assayed by ALS Chemex in Vancouver, Canada.

ON BEHALF OF THE BOARD

Lukas H. Lundin, President and CEO

To view Figure 1: Fortress Minerals Corp. Drill and Trench Results South Amy Target Svetloye Project, Russia, please view the following link: http://media3.marketwire.com/docs/fo...
Share
New Message
Please login to post a reply