Fortitude Gold's County Line Mine Fully Permitted
Fortitude Gold (OTCQB:FTCO) has received full permitting approval from the BLM and NDEP to construct and operate its County Line gold project in Nevada. The project, located 16 miles northeast of the Company's Isabella Pearl gold mine, will leverage existing processing facilities and requires minimal infrastructure investment.
The Company plans to mine and transport County Line mineralization to its Isabella Pearl operation's heap leach pad. The project targets an annualized production of 20,000 gold ounces over two years, with operations expected to commence after the completion of Pearl Deep mining by mid-2026. The 2022 Mineral Resource shows combined Measured and Indicated resources of 37,400 gold ounces at 0.97 g/t Au grade, with additional Inferred resources of 12,200 ounces.
Fortitude Gold (OTCQB:FTCO) ha ottenuto l'approvazione completa di permessi dalla BLM e dalla NDEP per la costruzione e l'operatività del suo progetto aurifero County Line in Nevada. Il progetto, situato a 16 miglia a nord-est della miniera Isabella Pearl dell'azienda, sfrutterà gli impianti di processamento esistenti e richiederà un investimento minimo in infrastrutture.
La Società prevede di estrarre e trasportare la mineralizzazione di County Line all'area di heap leach della operazione Isabella Pearl. Il progetto punta a una produzione annualizzata di 20.000 once d'oro in due anni, con l'inizio delle operazioni previsto dopo il completamento della miniera Pearl Deep entro la metà del 2026. Le Risorse Minerali del 2022 mostrano risorse combinate Misurate e Indicate di 37.400 once d'oro a una resa di 0,97 g/t Au, con ulteriori risorse Inferred di 12.200 once.
Fortitude Gold (OTCQB:FTCO) ha recibido la aprobación completa de permisos de la BLM y la NDEP para construir y operar su proyecto de oro County Line en Nevada. El proyecto, ubicado a 16 millas al noreste de la mina de oro Isabella Pearl de la compañía, aprovechará las instalaciones de procesamiento existentes y requerirá una inversión mínima en infraestructura.
La Compañía planea extraer y transportar la mineralización de County Line a la pila de lixiviación (heap leach) de la operación Isabella Pearl. El proyecto apunta a una producción anualizada de 20.000 onzas de oro durante dos años, con el inicio de operaciones previsto tras la finalización de la minería Pearl Deep para mediados de 2026. Los Recursos Minerales de 2022 muestran recursos combinados Medidos e Indicados de 37.400 onzas de oro a una ley de 0,97 g/t Au, con recursos Inferidos de 12.200 onzas adicionales.
Fortitude Gold (OTCQB:FTCO)가 네바다주에서의 County Line 금 광산 프로젝트를 건설·운영하기 위한 BLM과 NDEP의 전면 허가를 받았습니다. 이 프로젝트는 회사의 Isabella Pearl 금광에서 북동쪽으로 16마일 떨어진 곳에 위치하며 기존의 처리 시설을 활용하고 인프라 투자도 최소화합니다.
회사는 County Line 광석을 Isabella Pearl 운영의 히프 리치 패드로 채굴하고 운송할 계획입니다. 이 프로젝트는 2년간 연간 20,000온스의 금 생산을 목표로 하며, Pearl Deep 채굴이 2026년 중반에 완료된 후 운영 시작이 예상됩니다. 2022년 광물 자원은 측정 및 지시 가능 자원 합계가 37,400온스의 금을 0.97 g/t Au의 등급으로 보여주며, 추가로 추정 자원(Inferred) 12,200온스가 있습니다.
Fortitude Gold (OTCQB:FTCO) a reçu l’approbation complète des permis de la part du BLM et du NDEP pour construire et exploiter son projet aurifère County Line dans le Nevada. Le projet, situé à 16 miles au nord-est de la mine Isabella Pearl de la société, exploitera les installations de traitement existantes et nécessitera un investissement en infrastructures minimal.
La société prévoit d’extraire et de transporter la minéralisation de County Line vers la zone de lixiviation en tas (heap leach pad) de l’exploitation Isabella Pearl. Le projet vise une production annualisée de 20 000 onces d’or sur deux ans, avec le démarrage des activités prévu après l’achèvement de l’exploitation Pearl Deep d’ici la mi-2026. Les ressources minérales de 2022 montrent des ressources mesurées et indiquées combinées de 37 400 onces d’or à un taux de 0,97 g/t Au, avec des ressources inférées supplémentaires de 12 200 onces.
Fortitude Gold (OTCQB:FTCO) hat die vollständige Genehmigung von BLM und NDEP erhalten, um das County Line Goldprojekt in Nevada zu errichten und zu betreiben. Das Projekt liegt 16 Meilen nordöstlich der Isabella Pearl Goldmine des Unternehmens, nutzt vorhandene Verarbeitungseinrichtungen und erfordert nur minimale Infrastrukturinvestitionen.
Das Unternehmen plant, County Line Erze abzubauen und zur Heap-Leach-Pad der Isabella Pearl-Operation zu transportieren. Das Projekt zielt auf eine jährliche Produktion von 20.000 Unzen Gold über zwei Jahre ab, wobei der Betrieb nach Abschluss des Pearl Deep-Minenbetriebs bis Mitte 2026 beginnen soll. Die Mineralressource 2022 zeigt kombinierte gemessene und vorgesehene Ressourcen von 37.400 Unzen Gold bei einer Grube von 0,97 g/t Au, mit zusätzlichen abgeleiteten Ressourcen von 12.200 Unzen.
Fortitude Gold (OTCQB:FTCO) قد حصلت على جميع التصاريح من BLM وNDEP لبناء وتشغيل مشروع County Line للذهب في نيفادا. يقع المشروع على بعد 16 ميلاً شمال شرق من منجم Isabella Pearl للذهب الخاص بالشركة، وسيستفيد من مرافق المعالجة الموجودة وسيستلزم استثمار بنيوي أقل.
تخطط الشركة لاستخراج ونقل معادن County Line إلى سجل التلال للتراص والتخفيض (heap leach pad) في عملية Isabella Pearl. يستهدف المشروع إنتاجاً سنوياً قدره 20,000 أونصة من الذهب على مدار عامين، مع توقع بدء العمليات بعد الانتهاء من تعدين Pearl Deep بحلول منتصف عام 2026. تُظهر موارد المعادن لسنة 2022 موارد مقاسة ومحددة مجتمعة تبلغ 37,400 أونصة من الذهب بعيار 0.97 ج/طن ذهب، مع موارد مستمدة إضافية تبلغ 12,200 أونصة.
Fortitude Gold (OTCQB:FTCO) 已获得 BLM 与 NDEP 的全面许可批准，可以在内华达州建设并运营其 County Line 金矿项目。该项目位于公司 Isabella Pearl 金矿东北16英里处，将利用现有加工设施，并且需要的基础设施投资很少。
公司计划将 County Line 的矿化物开采并运送至 Isabella Pearl 运营的堆浸场。该项目目标在两年内实现年产20,000盎司黄金，预计在 Pearl Deep 矿业完成后于2026年中期开始运营。2022 年矿产资源显示，综合量化和指示资源为 37,400 盎司金，品位 0.97 g/t Au，同时有额外的推断资源 12,200 盎司。
- Project requires minimal CAPEX and infrastructure due to proximity to existing facilities
- High-grade oxide gold deposit with ~1g/t Au grade
- Short 16-mile haul distance to Isabella Pearl processing facilities
- Potential for resource expansion through East pit mineralization not included in current estimates
- Measured and Indicated resource of 37,400 gold ounces with additional 12,200 ounces inferred
- Previous permitting delays due to prior administration
- Production not starting until mid-2026
- Relatively short mine life of approximately two years at planned production rate
COLORADO SPRINGS, COLORADO / ACCESS Newswire / September 30, 2025 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") today announced it has received all approvals from the Bureau of Land Management ("BLM") and the Nevada Division of Environmental Protection ("NDEP") to construct and operate the County Line gold project located in both Mineral and Nye Counties, Nevada. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.
NDEP has issued the final Nevada Reclamation Permit for surface disturbance for the County Line Project. The County Line Project is now fully permitted, and the Company is approved to move forward with construction followed by full mining operations.
COUNTY LINE HIGHLIGHTS
Open pit gold project
High-grade oxide Au ~1g/t
Proximity to Isabella Pearl processing facilities
Short haul distance for mineralization
Minimal infrastructure required to construct mine
Minimal CAPEX required to production
Minimal timeframe required to production
Second permitted ore source for Company operations
The County Line Project is located approximately 16 miles northeast of the Company's operating Isabella Pearl gold mine via Nevada State Route 361. The project is located within both Mineral and Nye Counties, Nevada and straddles the borders between the two. The project has a minimal footprint impact and limited required infrastructure whereby the Company intends to mine and truck County Line mineralization to its nearby Isabella Pearl operation, leveraging the Company's existing heap leach pad and gold processing facilities. The project includes the expansion of two existing historic open pits and an existing waste rock storage facility, low- and high-grade ore stockpiles, access roads, a mobile crushing facility, and exploration drilling within the proposed Plan of Operations boundary for potential project expansion.
The Company is currently mining its Isabella Pearl deposit, targeting the Pearl deep mineralization. The Company plans to immediately begin the initial infrastructure work for the County Line Project, primarily road construction and water infrastructure, in preparation for near-term mine operations. A best estimate at this time suggests by mid-2026 Pearl Deep will be completed, freeing up mining equipment to ramp up County Line operations.
The Company targets an annualized run rate of approximately 20,000 gold ounces from County Line over two years, with expansion potential from drilled mineralization not included in the resource and untested drill targets. The 2022 Mineral Resource focused exclusively on the historic County Line pit. Subsequent drilling at County Line in 2023 and 2024 focused on the property's historic East pit. Mineralization defined at the East pit is not included in the 2022 Mineral Resource (noted below) and has the potential to further extend the mine life of the project.
"We would like to thank the federal and state agencies for completing the permit approvals for our County Line Project," stated Mr. Jason Reid, CEO and President of Fortitude Gold. "While the permitting delays associated with the previous administration have been difficult, we have seen significant positive changes when engaging with both the federal and state permitting agencies. This is positive in that we have multiple permits currently moving through the regulatory system and have plans to file additional requests over the coming quarter and years. We look forward to building our second Nevada mine."
County Line, Mineral & Nye Counties, Nevada, USA - Summary of Gold Mineral Resources at End of the Fiscal Year ended December 31, 2022 1 2 3 4 5 6 7 8 9
Classification | Tonnes | Au (g/t) | Au (oz) |
Measured (M) | 579,500 | 1.04 | 19,500 |
Indicated (I) | 623,000 | 0.90 | 17,900 |
M+I | 1,202,500 | 0.97 | 37,400 |
Inferred | 438,000 | 0.87 | 12,200 |
Reported at a cutoff grade of 0.33 g/t Au.
Cutoff grade calculations used mining, processing, energy, administrative and smelting/refining costs based on 2022 actual costs for the Company's producing Isabella Pearl mine.
Metallurgical gold recovery assumption used was
81% . This recovery reflects the predicted average recovery from metallurgical test programs at the Isabella Pearl mine.Whole block diluted estimates are reported within an optimized pit shell
Mineral Resources do not have demonstrated economic viability
Totals may not sum exactly due to rounding
"g/t" = gram/metric tonne
"oz" = Troy ounce
Gold price
$1,750 per oz assumed. The gold price as reported on December 31, 2022 was$1,812 per oz.
About Fortitude Gold Corp.:
Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free, and distribute dividends. The Company's Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production and County Line is our next targeted mine build. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.
Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.
Contact:
Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com
SOURCE: Fortitude Gold Corp
View the original press release on ACCESS Newswire
FAQ
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