Fortitude Gold Corp. reported that a recent drill program at its East Camp Douglas property in Mineral County, Nevada, produced a series of high‑grade gold intercepts. The most striking result was a 3.05‑meter interval grading 12.90 grams per tonne (g/t) of gold within a 24.38‑meter interval grading 3.89 g/t. Additional intercepts in the same hole included 10.67 meters at 2.08 g/t, 46.24 meters at 1.13 g/t, 7.62 meters at 4.59 g/t, 7.62 meters at 3.13 g/t, and 18.29 meters at 1.11 g/t.
The drill results are being pursued under a $40 million joint venture with Hawthorne Land & Minerals, in which Fortitude retains a 60 % ownership stake. The partnership provides the capital needed to accelerate exploration at East Camp Douglas without increasing debt, aligning with Fortitude’s strategy of organic growth and dividend distribution.
"We are excited with these numerous high‑grade gold drill results, particularly given the substantial widths encountered near surface," said Allan Turner, Vice President of Exploration. "These extensive high grade and wide gold drill intercepts speak to the potential of a substantial gold deposit in this area," added CEO Jason Reid. Reid also highlighted the significance of the 24.38‑meter, or 78‑foot, high‑grade 3.89 g/t intercept and the 47‑meter, or 154‑foot, 1.13 g/t intercept as evidence of extensive high‑grade mineralized widths.
The intercepts reinforce Fortitude’s confidence that East Camp Douglas could host a major gold deposit. The company is deploying a second drill rig to further delineate the mineralization, and the results support its goal of expanding the resource base and potentially increasing future production. The high‑grade widths also suggest that the property’s low‑sulfidation and high‑sulfidation styles are producing economically viable gold, which could accelerate the transition from exploration to development.
East Camp Douglas covers 5,583 acres and has a history of high‑grade gold in both low‑sulfidation and high‑sulfidation styles. Fortitude’s financial health remains strong, with a recent $12 million private placement and a debt‑free balance sheet. The company’s permitting environment has improved under the current administration, easing the path to future mine development. Together, these factors position Fortitude to capitalize on the new drill results and advance the property toward production.
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