Fortune Bay Corp. (TSXV: FOR) is pleased to announce that the Phase 1 drilling program has commenced at its 100 per cent owned Goldfields Project located in northern Saskatchewan. The company plans to complete approximately 5,000 metres in 15 holes.

A diamond drill rig has been mobilized to site and drilling is currently underway at the Athona South target. Planned drilling at Athona South is expected to include confirmatory drilling to verify the 1930’s historical results, infill drilling to establish continuity with mineralization to the north, and step-out drilling to the south. 

The Phase 1 drilling program also includes planned step-out drilling at the Box deposit’s Zone A and B where high priority targets have been identified. An approximate 50 metre drill spacing has been planned for the Phase 1 program at Box and Athona designed to commence expanding the historical mineral resources beyond the current drilling coverage. 

“We are pleased to have started drilling a little over two weeks after being awarded a drilling permit. The mobilization to site was completed as planned and made efficient and cost-effective by access along the seasonal Lake Athabasca ice road,” said Dale Verran, CEO for Fortune Bay. “We now look forward to the results from our planned drill holes at Athona and Box, which will importantly include the receipt of gold assays in the coming weeks.”

The location of the drill targets at the Athona and Box gold deposits, and further drill target details, are provided in the company’s news release dated February 26, 2021.