Fortitude Gold Receives Isabella Pearl Deep Permit

COLORADO SPRINGS, CO / ACCESSWIRE / September 18, 2024 / Fortitude Gold Corp. (OTCQB:FTCO) (the “Company”) today announced that it has received all regulatory approvals and permits to deepen its Isabella Pearl deposit. Fortitude Gold is a gold producer, developer and explorer with operations in Nevada, USA, offering investors exposure to both gold production and dividend yield.

A positive decision was granted by the Bureau of Land Management and the Nevada Division of Environmental Protection’s Bureau of Mining Regulation and Reclamation, allowing the company to mine approximately 80 feet deeper than previously permitted in the Pearl portion of the Isabella Pearl deposit. Deeper oxide and oxide-transition ores in the Pearl zone can now be mined and sequenced for processing, along with ore from the Civit Cat portion of the Isabella Pearl deposit. The Pearl depth contains high-grade oxide, oxide-transition and sulfide gold ores, a portion of the first two of which are expected to be processed using the company’s existing heap-leach operation.