Projects

East Manhattan Project Photo Gallery

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.

Fortune River purchased the project from Newcrest for a one-time payment of US$45,000 and a commitment for 4,000 feet (approximately 1,200 metres) of drilling within 12 months. Newcrest will retain a 3% NSR, of which 1% NSR can be purchased for US$1,000,000 any time prior to commercial production.

2008 Drill Program
The first-phase program consisted of 2,091 metres in 12 reverse-circulation drill holes (see figure below) that tested five of the multiple vein zones on property.  Preliminary gold assays are shown in the table below. Hole-EM08010 is particularly encouraging as it contains two significant intervals: 11.25m of 2.868 g/t Au at 91.4m depth followed by another 11.25m of 0.805 g/t Au at 118.9m depth.  In addition, hole-EM08007 contains several zones of gold mineralization, with the best being 1.19m of 2.430 g/t Au at 77.7m depth.

Gold assays for the first four holes are also encouraging, particularly holes EM08002 and EM08003, which were drilled from a shared site.  EM08002 contains 7.2m of 1.41 g/t Au, including 1.2m of 6.31 g/t Au (gravimetric rerun is 2.84 g/t Au), at 50.3m depth and EM08003 contains 5.1m of 2.08 g/t Au, including 1.7m of 3.85 g/t Au (gravimetric rerun is 3.31 g/t Au), at 77.7m depth. Hole-EM08003 cut the mineralized zone approximately 43m down dip from EM0802.  Results indicate that the central vein zone, with veins dipping north in holes EM08002, 003 and 007, and dipping south in EM08010, may delineate the primary conduit for gold-bearing fluids.

Click here for East Manhattan Project - 2008 Drilling Program - Phase I Intervals +0.5 g/t Au.

President Joe Kizis commented, “Hole-EM08010, along with holes EM08002 and EM08003 contain encouragingly thick zones of precious metals mineralization at relatively shallow depths along the central vein zone.  The next drill program will test the gold system down dip and along strike.  Metallic Screen assays indicate that free gold is present, as it is elsewhere in the district, and we are evaluating drilling techniques that will minimize the chance of losing free gold due to the drilling method during our follow-up work.”