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FRX Fortune River Resource Corp.

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Share Name Share Symbol Market Type
Fortune River Resource Corp. TSXV:FRX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Geophysics Completed at Fortune River's Highland Project, Drilling Planned for July

19/05/2010 6:01pm

Marketwired Canada


Fortune River Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) has received
preliminary results of three additional lines of IP that have recently been
completed at the Highland property, which is located in the Walker Lane Gold
trend in Nevada. The three lines follow up a feature believed to be a graben
covered by thin gravel that was identified on a line of IP and AMT geophysical
surveys conducted last fall. The graben is well delineated by these lines and is
shown to be parallel to veins that have been partially drill tested with
attractive high-grade gold and silver intercepts.


Previous drilling by Fortune River at Highland has intersected veins with
bonanza grades locally; hole H02013, for example, intersected 1.5m of 66.9 g/t
gold and 397.7 g/t silver within a 12.2m intercept of 9.5 g/t gold and 109.4 g/t
silver (true thickness estimated at 65% of interval). Other targets that have
received little or no drilling have been identified on the property, which is
extensively covered by the relatively thin alluvium. It is now thought that the
previous drilling may have tested the "leakage" from the newly delineated graben
feature. Drill sites will be chosen based on the finalized geophysical
interpretation and permitting will be completed for drilling planned for July.
Christopher James Gold Corp. is funding this program as part of their earn in;
Fortune River is the operator.


Other project updates

Permits have been received and a bond is being posted for drilling at the Buz
property, which is also being managed by the company and funded by Christopher
James Gold Corp. Drilling is anticipated to begin during the third quarter of
2010. Initial field sampling and mapping are planned for Zebra, which is located
in the Northern Nevada Rift and is being managed by the company and being funded
equally by the company and Christopher James Gold Corp.


The company also reported that two university students are conducting Masters'
Thesis research at Wind Mtn. that may assist in understanding where high grade
feeder structures might lie beneath the existing resource (see news release
dated April 13, 2010 for independent Preliminary Economic Assessment of existing
resource).


About Fortune River

Fortune River Resource Corp. is exploring for high-grade gold deposits within
two prolific gold producing geologic provinces, Nevada and Ontario. The Wind
Mountain, East Manhattan, Highland, Baxter, Mud Springs, and Buz projects are
located in Nevada and the Drayton project is located in Ontario. 


On behalf of the Board,

Joseph Anthony Kizis, Jr., President, Fortune River Resource Corp.

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