Fortress Minerals Corp.

Fortress Minerals Corp.

December 07, 2009 11:04 ET

Fortress Reports Drilling Underway at the Limonite Project, Far East Russia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2009) - Fortress Minerals Corp. ("Fortress") (TSX VENTURE:FST) is pleased to announce the construction of the 310 kilometer winter road to the Svetloye Project is underway and the onset of mobilization to site of fuels and supplies to support the 2009 exploration program will soon commence. Winter road construction commenced ahead of schedule. A total of 400 tonnes of diesel fuel and 200 tonnes of supplies are being shipped via the winter road to support the planned 6,000 meter drill and 3,000 meter trenching program at Svetloye for 2010. Fortress is utilizing 4 bulldozers and 11 trucks in the effort, all of which are owned by Fortress. Mobilization is planned for completion by March 15th, with drilling scheduled to begin on May 1st.

The Svetloye Project consists of nine prospects that occur over a linear distance of 8 kilometers. Gold is associated with extensive zones of vuggy silica, quartz-alunite and quartz-dickite-kaolinite alteration. This style of mineralization is common to Pierina, Veladero and other high sulphidation epithermal deposits. Fortress currently owns a 100% interest in the Svetloye Project.

Drilling continues at the Limonite Project in the Russian Far East. The Limonite Project is one of four copper-gold and copper-molybdenum projects in which Fortress acquired a 51% interest in a Joint Venture with Freeport-McMoRan Exploration Corporation ("FMEC") concluded in late September (see Press Release dated September 29th, 2009). Once the planned 1,000 metre phase 1 drill program is completed at Limonite, the drill, supplies, and crew will be mobilized to the Malmyzh Project where an additional 5,000 metres of drilling will be undertaken.


Lukas H. Lundin, President and CEO

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information