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Overview
Fortress holds a 100% interest in the Svetloye Gold Deposit located in the Russian Far East. The project is approximately 80 km from the Pacific Ocean close to the port of Okhotsk and is accessed by winter road or by helicopter.
Previous owners, Freeport, was active at Svetloye for two field seasons (2003 and 2004) and identified a large zone of epithermal gold mineralization. Twenty-eight drill holes (3,687 m) and approximately 550 m of surface trenching by Freeport had identified seven targets within the Svetloye license: Elena, Larissa, Tamara, Tamara North, Gorki, Ludmilla and Amy.
Subsequent drilling by Fortress identified two additional targets: Onemna and Larissa SE. The Company has an ongoing aggressive, and highly successful, trenching and drilling program to further evaluate the project. To date the Company has significantly expanded the known zone of mineralization over an 8 km long zone.
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