Fortress Minerals Corp.
TSX VENTURE : FST

Fortress Minerals Corp.

September 05, 2007 10:27 ET

Fortress Intercepts 29.7 Metres Grading 9.30 g/t Gold at Elena Prospect and 182.7 Metres Grading 1.10 g/t Gold at Amy Prospect, Svetloye Project, Russia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - Fortress Minerals Corp. ("Fortress" or "the Company")(TSX VENTURE:FST) is pleased to announce drill results from the first 25 drill holes completed during 2007 at the Svetloye Gold Project in Eastern Russia. Results include reconnaissance drilling at the Tamara and Amy prospects and deposit definition drilling at the Elena prospect. Please see attached drill results table and map.

At the Elena Prospect, drill highlights include hole PDSC-080, which returned 29.7 metres grading 9.30 grams per tonne gold, including 6.8 metres grading 22.80 g/t gold. Of particular significance is the fact that this drill hole is the southernmost hole drilled at Elena extending the zone 40 metres south of its previous known southern limit.

At the Amy Prospect, five drill holes have been completed this year (PDSC-089, 091, 093, 094, and 096). Results from PDSC-089 and PDSC-091 have been received. Of particular interest is PDSC-091, which intersected 182.7 metres grading 1.10 g/t gold, including 23.4 metres grading 1.94 g/t gold, 32.6 metres grading 1.51 g/t gold and 8.6 metres grading 7.35 g/t gold. This year, 2.0 km of trenches have been excavated and sampled at Amy with assay results pending. Once all data has been compiled, a second phase of drilling is scheduled to start in either late 2007 or early 2008.

At the Tamara Prospect, highlights include PDSC-071, which returned 25.6 metres grading 1.27 g/t gold. Work conducted this year at Tamara has added significantly to the understanding of the mineralizing controls. Drilling in the South Tamara area indicates that mineralization is confined to one or more elongate steeply dipping zones. Highlights from the 2006 drill program at South Tamara include PDSC-065 which returned 40.3 meters grading 3.3 g/t gold (see Press Release dated June 25, 2007). Trenching is underway in the Tamara North area where the zone of mineralization appears to widen based on geologic mapping and soil geochemistry. A total of 2.95 km of trenches is currently being excavated and sampled. Once all data has been compiled, a follow-up drill program at Tamara South and first pass drill program at Tamara North is planned.

At the Ludmilla South Prospect, a total of 1.08 km of trenches has been excavated and is currently being sampled. The Ludmilla South zone is a large zone of vuggy silica boulders associated with a coincident magnetic low. Of the 30 rock chip samples collected in the prospect during 2006 reconnaissance, 11 returned gold grades in excess of 0.33 g/t gold, 4 assayed greater than 1 g/t, with a high of 4.16 g/t gold.

Forty-seven diamond drill holes totalling 7,323 metres have been completed this year at Svetloye. Additional results will be released as they become available.

In summary, work on the Svetloye project has identified a 7-square-kilometre zone of epithermal gold mineralization. Gold is associated with extensive zones of vuggy silica, alunite and late stage veins. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress currently has a 51% interest in the Svetloye Project, with the remaining 49% held by Freeport McMoRan Exploration Corporation. The Company will earn an additional 29% interest in the Svetloye Project, bringing its interest to 80% through conversion of the Exploration License to a Mining and Exploration License. This conversion is proceeding according to schedule, with the license expected in late 2007.

Mr. Thomas Bowens, M.Sc., P.Geo., Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release. A rigorous quality control program has been instituted involving insertion of certified standards, duplicate sampling and check assaying. Samples are prepared on site or at DalGeophysical Laboratory, Khabarovsk Russia or Irgiredmet Laboratory of Irkutsk, Russia (both accredited by the State Committee of the Russian Federation for Standardization and Metrology "Gosstandart" of Russia). Assaying by fire assay and atomic absorption are performed by DalGeophysical Laboratory or Irgiredmet Laboratory and by ALS Chemex, Vancouver, BC.

ON BEHALF OF THE BOARD

Ron F. Hochstein, President

This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.



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Gold
Grade
Prospect Hole ID Type TD (m) From (m) To (m) Width (m) G/T
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Elena PDSC-041 Core 100 10.3 51.2 40.9 1.63
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Including 33.1 41 7.9 4.08
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PDSC-073 Core 120 0 21 21 0.77
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Including 7.3 15.8 8.5 1.12
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and 40.2 51.4 11.2 1.64
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Including 41.2 47 5.8 2.49
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and 62 77.4 15.4 1.10
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PDSC-074 Core 140.5 8.5 29.8 21.3 0.71
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and 32.8 44.1 11.3 0.59
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and 85.3 89.5 4.2 0.94
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PDSC-075 Core 100.6 0 76.6 76.6 0.89
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Including 20.1 22.5 2.4 12.36
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and 63.6 76.6 13 1.06
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PDSC-076 Core 100 no significant intervals
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PDSC-078 Core 100 2 33.5 31.5 1.00
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Including 4.3 10.8 6.5 2.29
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and 66.9 70.1 3.2 1.62
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PDSC-080 Core 64 0 29.7 29.7 9.30
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Including 2.6 9.4 6.8 22.80
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PDSC-082 Core 127.6 3 34.6 31.6 1.17
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Including 11.5 15.1 3.6 5.27
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PDSC-083 Core 130 4 27.5 23.5 0.40
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PDSC-084 Core 84.7 no significant intervals
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PDSC-085 Core 100.5 21.1 49.3 28.2 0.59
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PDSC-086 Core 115.2 68.3 88.7 20.4 1.30
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Including 70.2 74.1 3.9 3.98
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PDSC-088 Core 76.6 8.1 36.4 28.3 0.56
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PDSC-090 Core 69.5 9.6 42.3 32.7 0.81
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Including 18.7 27.8 9.1 1.66
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Amy PDSC-089 Core 188.5 145.5 157.8 12.3 0.43
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PDSC-091 Core 199 4.9 187.6 182.7 1.10
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Including 4.9 28.3 23.4 1.94
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Including 18.6 21.5 2.9 10.05
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and 33.8 44.4 10.6 1.47
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and 73.4 106 32.6 1.51
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Including 91.4 97.4 6 4.76
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and 179 187.6 8.6 7.35
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Including 182.6 185.3 2.7 21.40
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Gold
Grade
Prospect Hole ID Type TD (m) From (m) To (m) Width (m) G/T
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Tamara PDSC-066 Core 145 26.7 34 7.3 0.85
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and 49.5 53.4 3.9 0.77
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PDSC-067 Core 178 145 148.8 3.8 0.58
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PDSC-068 Core 154 100 105.3 5.3 0.54
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PDSC-069 Core 134.5 5.5 15.3 9.8 0.45
and 51.7 56.5 4.8 0.58
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PDSC-070 Core 96 11.4 17.4 6 0.65
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and 40.9 43 2.1 1.21
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PDSC-071 Core 139.2 0 25.6 25.6 1.27
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PDSC-072 Core 190 63.6 70 6.4 0.55
PDSC-079 Core 121.5 95.1 103.9 8.8 0.47
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PDSC-081 Core 203.5 170.5 178.9 8.4 0.86
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To view a copy of the "Fortress Minerals Corp. Drill Results Elena, Tamara and Amy Targets Svetloye Project, Russia", please visit the link below:

http://www.ccnmatthews.com/docs/fmmap905.JPG

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Fortress Minerals Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842