Fortune Bay Goldfields Exploration Drilling Targets New Near-Mine Zones
Fortune Bay begins its Fortune Bay Goldfields exploration drilling program across several high-priority targets in northern Saskatchewan. The company advances the project within weeks of securing new financing, showing strong momentum toward a pre-feasibility study. As a result, Fortune Bay strengthens the development profile of one of Canada’s most promising gold assets.
The new program covers the Box and Athona deposits, along with historical zones at Frontier, Golden Pond and Triangle. All lie within 2 km of existing and planned mine infrastructure, which supports rapid development. The company plans 17 drill holes totaling 3,250 meters, with the option to expand the program based on results.
Fortune Bay aims to unlock new ounces close to current deposits. Meanwhile, the exploration work runs in parallel with development drilling to prepare the broader Goldfields project for advanced engineering, permitting and long-term production planning.
How the Fortune Bay Goldfields Exploration Drilling Program Expands Resource Potential
High-Grade Extensions at Box and New Targets at Athona
The Box deposit remains a central focus of the Fortune Bay Goldfields exploration drilling strategy. Earlier drilling in 2021 confirmed high-grade gold zones up to 240 meters beyond the current open-pit resource model. The company now plans four deep drill holes totaling 2,000 meters to test gaps reaching 170 meters. These holes target extensions that could support future underground mining.
At Box, gold occurs in sheeted and stockwork quartz-sulphide veins hosted in Box Mine Granite. Structural controls trend north–south and northwest–southeast, forming predictable zones for targeted drilling. The deposit holds 734,300 ounces indicated and 114,100 ounces inferred within the existing mineral resource.
Fortune Bay also advances drilling at the Athona deposit, where two holes totaling 270 meters will test continuity between the Athona Mine Granite and the outcropping Athona West Mine Granite. Both granites host similar stacked quartz-sulphide vein arrays. Updated results could support expanded near-surface resources beyond the current 255,400 ounces indicated and 100,100 ounces inferred.
SuperMetalPrice Commentary:
Fortune Bay’s push at Goldfields comes during strong investor interest in Canadian gold exploration, especially near-mine resource expansion plays. The drilling strategy targets high-margin ounces that can enhance future project economics and upgrade long-term development plans. If successful, the program could strengthen Goldfields’ position within Tier-1 North American gold jurisdictions and add meaningful scale to Canada’s growing project pipeline.
Leave a Reply
You must be logged in to post a comment.