Fortune Bay Engages Key Consultants to Advance the Goldfields Project
HALIFAX, NS November 20, 2024 – Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQB:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce commencement of work to further advance its 100% owned Goldfields Gold Project (“Goldfields” or the “Project”), located in northern Saskatchewan. A Preliminary Economic Assessment (“PEA”) completed by Ausenco Engineering Canada Inc., in October 2022 (summarized below), has clearly demonstrated robust economics for Goldfields.
Fortune Bay has engaged with Fuse Advisors Inc. (“Fuse”) to define a project development roadmap (the “Study”) to advance the Project toward the next stage of engineering and design. The Study’s objective is to define the optimal path to production by evaluating permitting scenarios and various mine design, flowsheet and throughput cases, building upon the 2022 PEA and the approved 2008 Environmental Impact Statement (“EIS”) that remains valid today.
