Fortune Bay Corp. has released assays from the first three holes of its ongoing drill campaign at the Goldfields project in Saskatchewan. The holes—B25‑346, B25‑347 and B25‑348—were drilled to close major down‑dip gaps beneath the Box deposit and to test mineralization beyond the limits of the updated PEA open pit. All three intersected the expected Box Mine Granite and returned gold intervals that suggest meaningful potential below the currently modeled pit.
What the assays show
– Hole B25‑346: 2.54 g/t Au over 17.0 m, including a higher‑grade core of 6.61 g/t Au over 5.0 m.
– Hole B25‑347: several higher‑grade bites—6.95 g/t Au over 2.0 m, 3.72 g/t Au over 3.0 m and 8.72 g/t Au over 2.0 m.
– Hole B25‑348: 2.29 g/t Au over 9.3 m with an internal zone of 4.68 g/t Au over 3.0 m.
These intercepts trend below the PEA pit shell and show recurring higher‑grade cores in successive holes. That pattern bolsters the possibility of resource growth beneath the open pit and points to targets for follow‑up drilling.
Why it matters
Thicker, continuous intervals can help convert inferred material to higher confidence categories. When higher‑grade cores sit inside broader zones, they can lift head grades in focused areas and materially influence mine planning and economics. Still, each intercept is one piece of a larger puzzle: step‑out and infill drilling will be needed to demonstrate continuity and define grade distribution before any resource upgrade or economic model change is justified.
Drill design and sampling
– Targets: gaps in down‑dip coverage up to ~170 m, addressed by stepping holes downward and outward.
– Drilling: NQ core.
– Sampling: logged and photographed cores were cut to 1‑m splits (adjusted at lithologic breaks); one half submitted for assay, the other retained for verification and future work.
Analytical methods and QA/QC
Samples were sealed on site, shipped under chain‑of‑custody and analyzed at independent commercial labs. The program included routine quality controls—certified reference materials, blanks and field duplicates—with coarse rejects and pulps retained for check assays and metallurgical testing. Assays reported here were processed at SRC Geoanalytical Laboratories in Saskatoon using a screened metallics workflow: whole‑sample crushing, a 1 kg split, pulverization to 95% passing 150 mesh, screening at 150 mesh, and a weighted average of the +150 and -150 fractions. Gold was measured by fire assay with a gravimetric finish—an industry standard for high‑grade systems.
Program scope and next steps
The company plans approximately 3,250 metres of drilling across this multi‑site campaign, focused on Box and Athona plus nearby historical occurrences (Frontier, Golden Pond and Triangle), all within about two kilometres of past‑producing and planned infrastructure. Reported timing in the release lists “late 2026” and references a “2026‑2026” program; that looks like an internal inconsistency worth clarifying with the company.
Near term priorities include:
– Step‑out drilling to test down‑dip continuity;
– Infill drilling where continuity is indicated;
– Metallurgical sampling to confirm recoveries;
– Geostatistical work feeding into resource model updates.
Strategic implications
These holes move the program from initial confirmation toward delineation in priority corridors. If continuity holds and additional ounces are defined near infrastructure, the project could see disproportionately positive effects on strip ratios, scheduling flexibility and Proximity to existing infrastructure also reduces capital intensity and can shorten the path from exploration success to mineable tonnes.
Who should pay attention
Analysts watching resource conversion metrics, project planners evaluating mine sequencing and investors looking for near‑term catalysts should monitor subsequent assays, any updated resource statements and technical disclosures.
What the assays show
– Hole B25‑346: 2.54 g/t Au over 17.0 m, including a higher‑grade core of 6.61 g/t Au over 5.0 m.
– Hole B25‑347: several higher‑grade bites—6.95 g/t Au over 2.0 m, 3.72 g/t Au over 3.0 m and 8.72 g/t Au over 2.0 m.
– Hole B25‑348: 2.29 g/t Au over 9.3 m with an internal zone of 4.68 g/t Au over 3.0 m.0
What the assays show
– Hole B25‑346: 2.54 g/t Au over 17.0 m, including a higher‑grade core of 6.61 g/t Au over 5.0 m.
– Hole B25‑347: several higher‑grade bites—6.95 g/t Au over 2.0 m, 3.72 g/t Au over 3.0 m and 8.72 g/t Au over 2.0 m.
– Hole B25‑348: 2.29 g/t Au over 9.3 m with an internal zone of 4.68 g/t Au over 3.0 m.1
What the assays show
– Hole B25‑346: 2.54 g/t Au over 17.0 m, including a higher‑grade core of 6.61 g/t Au over 5.0 m.
– Hole B25‑347: several higher‑grade bites—6.95 g/t Au over 2.0 m, 3.72 g/t Au over 3.0 m and 8.72 g/t Au over 2.0 m.
– Hole B25‑348: 2.29 g/t Au over 9.3 m with an internal zone of 4.68 g/t Au over 3.0 m.2
