Drilling On The County Line Gold Project

COLORADO SPRINGS, CO - Fortitude Gold reported on drilling at the County Line gold project located in Mineral and Nye Counties, Nevada. Intercepts include 10.67 meters grading 5.39 grams per tonne gold (g/t), and 7.62 meters grading 2.24 g/t gold. The Company also released rock chip sample results from the north side of its East Camp Douglas property with assays up to 36.6 g/t gold.

The drill program expanded the mineralized zone at the County Line main open pit with step-out holes to the northwest, east, and south by focusing on the periphery of the historic pit. The Company plans to continue step-out and infill drilling at the County Line pit with a goal to expand the mineralization and to further optimize the open pit mine plan.

The Company also drilled County Line's historic East Zone pit for the first time, which is located approximately 440 meters southeast of the main County Line pit. Multiple thick intervals of gold mineralization were encountered. The longest interval was over 88 meters in length returning 0.62 g/t gold with the highest gold grade intercept of 2.85 g/t gold over 3.05 meters. Future drill programs at the East Zone will target expanding the area of known mineralization, especially in the northwesterly direction, exploring a potential connection between the East Zone and County Line main pit.

County Line is located approximately 26 kilometers northwest of the Company's operating Isabella Pearl gold mine via paved Nevada State Route 361. The Company targets ore feed for its Isabella Pearl operation. The proximity of the two properties allows trucking ore from the County Line property to the Company's Isabella Pearl Project with its existing heap leach pad and gold processing facilities. The Company filed a Plan of Operations with the Bureau of Land Management in May 2023 to advance the permitting process for County Line gold production.

"We are excited to see thick intervals of gold mineralization continue along strike near surface at both the County Line and East Zone targets," stated Allan Turner, Vice President of Exploration. "We are currently updating our resource model to incorporate these latest drill results and look forward to additional drill programs in the second half of 2023 to further delineate both areas of mineralization."

Jason Reid, CEO and President, said, “We await regulatory questions from our previously submitted County Line Plan of Operations and are excited to move the permitting process forward towards the environmental assessment stage and then final approval to enable us to begin mine construction. We have more drilling to do to fully delineate County Line's mineralization, and it's great to see continued gold grades well over one gram; however, we are focused on advancing the project forward through the permitting process in the shortest timeframe possible. With minimal infrastructure to build at County Line, from leveraging our nearby processing facilities, we expect streamlined and expedited construction once we obtain final mine build approvals. We also expect to submit a Plan of Operations for our Golden Mile project in the coming weeks, which is exciting as we will be pushing two mine project builds forward."