Fortitude Gold's County Line Mine Fully Permitted

NDEP has issued the final Nevada Reclamation Permit for surface disturbance for the County Line Project.

SEATTLE (Scrap Monster): Fortitude Gold Corp. (OTCQB:FTCO) (the 'Company') today announced it has received all approvals from the Bureau of Land Management ('BLM') and the Nevada Division of Environmental Protection ('NDEP') to construct and operate the County Line gold project located in both Mineral and Nye Counties, Nevada. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

NDEP has issued the final Nevada Reclamation Permit for surface disturbance for the County Line Project. The County Line Project is now fully permitted, and the Company is approved to move forward with construction followed by full mining operations.

 The County Line Project is located approximately 16 miles northeast of the Company's operating Isabella Pearl gold mine via Nevada State Route 361. The project is located within both Mineral and Nye Counties, Nevada and straddles the borders between the two.

The project has a minimal footprint impact and limited required infrastructure whereby the Company intends to mine and truck County Line mineralization to its nearby Isabella Pearl operation, leveraging the Company's existing heap leach pad and gold processing facilities.

The project includes the expansion of two existing historic open pits and an existing waste rock storage facility, low- and high-grade ore stockpiles, access roads, a mobile crushing facility, and exploration drilling within the proposed Plan of Operations boundary for potential project expansion.

The Company is currently mining its Isabella Pearl deposit, targeting the Pearl deep mineralization. The Company plans to immediately begin the initial infrastructure work for the County Line Project, primarily road construction and water infrastructure, in preparation for near-term mine operations. A best estimate at this time suggests by mid-2026 Pearl Deep will be completed, freeing up mining equipment to ramp up County Line operations.

The Company targets an annualized run rate of approximately 20,000 gold ounces from County Line over two years, with expansion potential from drilled mineralization not included in the resource and untested drill targets. The 2022 Mineral Resource focused exclusively on the historic County Line pit. Subsequent drilling at County Line in 2023 and 2024 focused on the property's historic East pit. Mineralization defined at the East pit is not included in the 2022 Mineral Resource (noted below) and has the potential to further extend the mine life of the project.

'We would like to thank the federal and state agencies for completing the permit approvals for our County Line Project,' stated Mr. Jason Reid, CEO and President of Fortitude Gold. 'While the permitting delays associated with the previous administration have been difficult, we have seen significant positive changes when engaging with both the federal and state permitting agencies. This is positive in that we have multiple permits currently moving through the regulatory system and have plans to file additional requests over the coming quarter and years. We look forward to building our second Nevada mine.'

 Courtesy: www.fox2now.com