# Fortune Bay Drills Multiple Gold Zones at Goldfields including 6.61 g/t over 5.0 m within 2.54 g/t over 17.0 m *2026-03-03T17:00:00-05:00* Fortune Bay Drills Multiple Gold Zones at Goldfields including 6.61 g/t over 5.0 m within 2.54 g/t over 17.0 m Canada NewsWire _Drilling at the Box deposit continues to demonstrate wide-open mineralization beyond the PEA open-pit_ HALIFAX, NS, March 3, 2026/CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce assay results for the initial three drill holes from the ongoing exploration drilling program at its 100% owned Goldfields Gold Project ("Goldfields" or the "Project") in Saskatchewan, one of Canada's top mining jurisdictions. The three drill holes were designed to test substantial down-dip gaps in previous drill coverage at the Box deposit (up to 170 m) targeting resource expansion beyond the open-pit limits defined in the Updated Preliminary Economic Assessment ("Updated PEA"). The results confirm the continuation of structurally-controlled, higher-grade mineralization at depth. **Assay Highlights:** - Hole B25-346 - 2.54 g/t over 17.0 m, including - 6.61 g/t over 5.0 m - Hole B25-347 - 6.95 g/t over 2.0 m - 3.72 g/t over 3.0 m - 4.55 g/t over 3.0 m - 2.76 g/t over 7.0 m, including - 5.63 g/t over 3.0 m - 8.72 g/t over 2.0 m - Hole B25-348 - 2.29 g/t over 9.3 m, including - 4.68 g/t over 3.0 m Gareth Garlick, VP Technical Services, commented, "_These results add to a growing inventory of strong assays down dip at Box, reinforcing potential for resource growth through additional delineation drilling. Gold mineralization remains wide open down dip at Box, and we are looking forward to additional assays from larger step-out holes that have recently been completed"._ Dale Verran, CEO, added,_"While PFS-level development is advancing for an open-pit mine at Goldfields, __we believe the broader gold resource base has meaningful growth potential through continued expansion and exploration drilling at numerous targets. With nearly all the PEA open-pit resources already classified in the Indicated category, we are uniquely positioned to direct our drill budget toward expansion and discovery rather than resource delineation infill. This provides an opportunity to unlock additional near-mine ounces that could further enhance Goldfields' already robust economics and strengthen the long-term development profile of the Project."_ **Box Deposit – Down-Dip Expansion** As illustrated in Figure 1, the results from B25-346, B25-347 and B25-348 contribute to an expanding dataset of strong down-dip assay intercepts at Box, supporting the potential for delineation of additional mineral resources. [](https://mma.prnewswire.com/media/2923620/Fortune_Bay_Corp__Fortune_Bay_Drills_Multiple_Gold_Zones_at_Box.html) **Drill Hole Details and Assay Results** The initial three drill holes at Box were designed to test significant gaps in down-dip drill coverage (up to 170 metres), extending down-dip up to 300 metres beyond the open-pit designed in the Updated PEA. All three holes successfully intersected the mineralized Box Mine Granite ("BMG") at or near the depths predicted by the geological model. Observed mineralization characteristics – including quartz vein orientation, thickness, and vein density – are consistent with those documented elsewhere within the deposit. Higher gold grades at the Box deposit are typically associated with discrete north-south trending structural zones exhibiting increased quartz vein intensity. These higher-grade zones, extending below the Updated PEA open-pit base, present attractive targets for delineation drilling focused on expanding the mineral resources. The current drilling at Box is oriented towards the east, with dips as shallow as practically achievable (approximately -55° to -60°) to intersect structural zones at the highest angle possible (closest to true thickness) and to maximise the internal coverage of the BMG for each drill hole. **Table 1: Assay results for drill holes B25-346, B25-347 and B25-348.** | **Hole ID** | | **From (m)** | **To (m)** | **Length (m)** | **Au (g/t)** | **Collar Location** | **Azimuth /** **Dip** | | --- | --- | --- | --- | --- | --- | --- | --- | | B25-346 | | 228 | 245 | 17.0 | 2.54 | X 640436 Y 6593101 | 070 / -60 | | incl. | 228 | 233 | 5.0 | 6.61 | | | | | | 254 | 273 | 19.0 | 1.42 | | | | | B25-347 | | 297 | 312 | 15.0 | 1.91 | X 640362 Y 6593025 | 083 / -56 | | incl. | 297 | 299 | 2.0 | 6.95 | | | | | and | 305 | 308 | 3.0 | 3.72 | | | | | | 355 | 374 | 19.0 | 1.86 | | | | | incl. | 357 | 360 | 3.0 | 4.55 | | | | | and | 367 | 374 | 7.0 | 2.76 | | | | | incl. | 371 | 374 | 3.0 | 5.63 | | | | | | 432 | 434 | 2.0 | 8.72 | | | | | B25-348 | | 273.68 | 283 | 9.3 | 2.2