HENDERSON, Nev., Aug. 17, 2011 /PRNewswire/ -- Fortune Oil and
Gas, Inc. (PINK SHEETS: FOGC) (http://www.fortuneoilandgascorp.com)
subsidiary Alta Mining announced the 2011 exploration program on
the SGH property, Slocan, BC;
Canada.
Following the initial research into historical exploration, the
current phase of exploration will cover mineralized zones that are
a host to significant silver mineralization systems, noted in
previous exploration work.
The company will undertake a field program that may include (but
is not limited to) mapping, prospecting, soil sampling, and
follow-up trenching and rock chip sampling.
The initial focus of the geological and prospecting programs
will be to reconfirm historically outlined findings on the
property, and make the findings compliant with the National
Instrument 43-101. Expectations are that additional survey targets
will develop through ground work. The following phase of
exploration would include further work on the additional survey
targets.
Company management is very optimistic that this exploration
phase will confirm predictions of silver bearing mineralization,
which will call for new extensive exploration program to further
reveal the potential of company's property.
Company is fully capitalized to complete the work. All assay
results and other relevant information will be published on company
website as it is received and verified.
More updates on both subsidiaries to follow shortly.
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Fortune Oil & Gas, Inc.
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SOURCE Fortune Oil & Gas, Inc.