Projects

In 2008 Fortune River acquired 100% ownership of the Wind Mountain low-sulfidation gold/silver project in northwestern Nevada via an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines Ltd.  Agnico retains a small royalty interest on the property. The Company also acquired an option on the Wind 1-10 claims, which lie along the western portion of the Wind Mountain project, and staked additional claims, bringing the total to 110 claims (~900 ha).  The project is one of Fortune River's six low-sulfidation properties within the highly prospective Walker Lane gold trend.

The property includes the now-closed Wind Mountain open-pit/heap-leach gold mine, from which AMAX Gold produced approximately 300,000 ounces of gold and over 1.76 million ounces of silver between 1989 and 1993. Previous drilling was almost exclusively confined to the search for shallow open-pitable oxide mineralization. A database of 465 historic holes (~164,000’ or 50,000m) contains only 3 holes deeper than 800' (244m) in total depth and most holes are vertical. The project is located approximately 160km northeast of Reno and has good road access and a power line to the property.

The company purchased the 70 unpatented lode claim project from Newcrest Resources Inc. in October 2007 and recently staked an additional 14 claims to control projections of veins under gravel cover to the east. The project now consists of 84 claims (approximately 680 hectares).

East Manhattan is located approximately 19 kilometers southeast of the Round Mountain mine (reported production of +10 million ounces of gold and reserves of approximately four million ounces of gold). In addition, Royal Standard Minerals is currently conducting underground test mining at its Goldwedge development project, located approximately five kilometers to the west of the East Manhattan project.

The Highland prospect in Lander County, Nevada is a low-sulfidation project that has potential for a Midas or Sleeper style gold system. It forms the eastern edge of the extensive Walker Lane structural zone, host to such multi-million ounce gold deposits such as Comstock, Rawhide, Tonopah, Goldfield and Paradise Park. The Highland vein system and the veins related to the Big Hammer dome demonstrate very high water/rock ratios that often contain bonanza-grades of gold and silver as well as highly anomalous pathfinder elements such as arsenic, antimony and molybdenum.

The Baxter prospect is a low-sulphidation epithermal Au-Ag-rich system underlain by felsic flows and domes within a package of volcanic derived tuffs, sediments and breccias. Located approx. 5.6 miles southwest of the Highland property, it consists of 86 claims totaling nearly 4 sq km that is accessible year round by good gravel roads. Preliminary sampling has returned 16 of 51 samples with values from 1.0g/t to 21.2g/t Au, including seven samples >10g/t Au with up to 132g/t Ag. The silver to gold ratio is less than10:1, indicative of a gold-biased system. Surface exploration on the property will focus on identifying key structural and lithological controls on mineralization for follow-up drill testing.

The Drayton project is located in Drayton Township, Patricia Mining Division, Ontario, some 10 kms east-southeast of Sioux Lookout, within the Superior Province of the Canadian Shield, the world’s largest Archaen craton and host to a variety of mineral deposits including major gold mining districts of Rice Lake, Pickle Crow, Long Lac and Hemlo. The area over which the company has mineral rights include six mining claims, comprising of 87 units, covering an unsurveyed area of some 1,400 hectares.

The Buz project consists of 30 mineral claims covering approximately 240 hectares in Lander County, Nevada. This property is located approximately seven kilometers to the northeast of the Company’s Highland Property, where the geologic setting is similar.

Like the Company’s other projects in Nevada, the Buz Property is a low‐sulphidation epithermal gold/silver system. Surface samples of veins and historic small mine dumps contain gold and low concentrations of silver and base metals. Vein textures, geochemistry, and geologic setting indicate minimal erosion and suggest that the main zone of boiling and gold mineralization should lie at depth. The mineralized structures have not been tested by drilling except for one historic hole, for which no data is available

In April 2004, the Company staked several contiguous claims, comprising the Mud Springs Property, within the area‐of‐interest of the Baxter Property agreement. The Mud Springs Property consists of 55 claims (approximately 445 hectares) in Churchill County, Nevada.

Detailed geologic mapping and sampling were completed at the Mud Springs project in 2005. Mapping reveals a widespread system of gold‐ and silver–rich veins, perhaps related to the upper levels of a molybdenum‐bearing intrusion. Of 207 samples collected, 8% contain +300ppb Au, 5% contain +100g/t Ag, and 20% contain +0.01% molybdenum (“Mo”). Grab samples of veins and silicified fault zones contain concentrations ranging from background levels up to 9.97g/t Au, 785g/t Ag, and 0.0746% Mo. Other base metals are only weakly anomalous, generally less than 100 ppm combined copper, lead and zinc at surface, but lead and zinc show distinctively zoned increases with depth in drill holes.