Geophysics Completed at Fortune River's Highland Project, Drilling Planned for July
May 19 2010 - 1:00PM
Marketwired
Fortune River Resource Corp. (TSX VENTURE: FRX)(FRANKFURT: RG7A)
has received preliminary results of three additional lines of IP
that have recently been completed at the Highland property, which
is located in the Walker Lane Gold trend in Nevada. The three lines
follow up a feature believed to be a graben covered by thin gravel
that was identified on a line of IP and AMT geophysical surveys
conducted last fall. The graben is well delineated by these lines
and is shown to be parallel to veins that have been partially drill
tested with attractive high-grade gold and silver intercepts.
Previous drilling by Fortune River at Highland has intersected
veins with bonanza grades locally; hole H02013, for example,
intersected 1.5m of 66.9 g/t gold and 397.7 g/t silver within a
12.2m intercept of 9.5 g/t gold and 109.4 g/t silver (true
thickness estimated at 65% of interval). Other targets that have
received little or no drilling have been identified on the
property, which is extensively covered by the relatively thin
alluvium. It is now thought that the previous drilling may have
tested the "leakage" from the newly delineated graben feature.
Drill sites will be chosen based on the finalized geophysical
interpretation and permitting will be completed for drilling
planned for July. Christopher James Gold Corp. is funding this
program as part of their earn in; Fortune River is the
operator.
Other project updates
Permits have been received and a bond is being posted for
drilling at the Buz property, which is also being managed by the
company and funded by Christopher James Gold Corp. Drilling is
anticipated to begin during the third quarter of 2010. Initial
field sampling and mapping are planned for Zebra, which is located
in the Northern Nevada Rift and is being managed by the company and
being funded equally by the company and Christopher James Gold
Corp.
The company also reported that two university students are
conducting Masters' Thesis research at Wind Mtn. that may assist in
understanding where high grade feeder structures might lie beneath
the existing resource (see news release dated April 13, 2010 for
independent Preliminary Economic Assessment of existing
resource).
About Fortune River
Fortune River Resource Corp. is exploring for high-grade gold
deposits within two prolific gold producing geologic provinces,
Nevada and Ontario. The Wind Mountain, East Manhattan, Highland,
Baxter, Mud Springs, and Buz projects are located in Nevada and the
Drayton project is located in Ontario.
On behalf of the Board,
Joseph Anthony Kizis, Jr., President, Fortune River Resource
Corp.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Fortune River Resource Corp. Jeff Stuart
1.888.456.1112 jstuart@mnxltd.com Fortune River Resource Corp.
Liana Shahinian 1.888.456.1112 liana@mnxltd.com
www.fortuneriver.ca
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