#CryptoCorner #Podcast 537: #Stocks discussed: (LSE:ARB) (NasdaqGS: $MARA)

 

#CryptoCorner #Podcast 537: #Stocks discussed: (LSE:ARB) (NasdaqGS: $MARA)

 

Argo Installs 4,500 Bitmain Miners, Grayscale Investments Considering Several New Digital Assets, and Marathon Patent Group Changes Name to Marathon Digital Holdings

 

Point Roberts, WA, Delta BC February 26, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/022621-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/02261ARB-MARA.asp

 

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Stocks discussed: (LSE:ARB) (NasdaqGS:MARA)

 

At press time, Bitcoin (BTC) is trading for about $46,600, after having sunk as low as $44,454 – its lowest since Feb 11 – earlier this morning, according to data from CoinMarketCap. An excerpt from a CoinDesk report on Bitcoin’s price movement cites Ki Young Ju, CEO of blockchain analytics firm CryptoQuant:

 

“…deeper declines, if any, could be short-lived, as blockchain data shows large traders are accumulating the cryptocurrency on the dips. The institution-focused Coinbase Pro exchange has registered outflows of 25,000 BTC in the past 24 hours in a sign of persistent demand from U.S.-based institutional investors.”

 

Argo Blockchain (LSE:ARB) has announced that the 4,500 Bitmain Antminer S19 and S19 pro miners Argo had agreed to lease from Celsius Network in November 2020 have been installed on time and are now fully operational. This adds approximately 430 petahash to the Argo's installed computing power. The company’s CEO, Peter Wall, commented:

 

"We are delighted with the addition of these machines and believe that this installation will help Argo maintain its position at the forefront of mining efficiency."

 

Digital currency asset manager Grayscale Investments is considering “several new digital assets for potential new product offerings.” Some of these include: Cardano (ADA), EOS, Monero (XMR), and Polkadot (DOT). Grayscale CEO Michael Sonnenshein explained:

 

“We're eager to expand our product offerings to better serve our investors. The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.

 

We may not turn each of these assets into one of our landmark investment products,” continued Sonnenshein. “But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.”

 

Marathon Patent Group (NasdaqGS:MARA) has changed its name to Marathon Digital Holdings, effective March 1, 2021. The change compliments the company’s corporate rebrand, as it focuses on mining cryptocurrencies and investing in digital assets. Merrick Okamoto, Marathon’s chairman and CEO, explained:

 

“Now that we have transformed Marathon into one of the only pure-play Bitcoin investment options available, we are rebranding our Company to ensure our image better aligns with our current operations and our long-term objectives. To date we have purchased $150 million worth of Bitcoin and 103,060 of the industry’s premier Bitcoin miners. These strategic investments demonstrate our commitment to this new asset class and our clear path to becoming one of the largest and most efficient miners in North America. The corporate rebrand, including our new name, Marathon Digital Holdings, better represents our mission and the strategy we are implementing to further grow the business.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

New #Stocks to Watch at Investor Ideas in Crypto (TSX: $EBIT.TO) (TSX: $EBIT.U.TO), (TSX: $BTCC-B.TO) (TSX: $CXI.TO) (OTCBB: $CURN), (OTC: $OBTC)

 New #Stocks to Watch at Investor Ideas in Crypto (TSX: $EBIT.TO) (TSX: $EBIT.U.TO), (TSX: $BTCC-B.TO) (TSX: $CXI.TO) (OTCBB: $CURN), (OTC: $OBTC)

 

 Psychedelics, Tech, eSport, Mining stocks also new at Investor Ideas

 

 

 

 

 

 

 

 

 

 

 

 

Point Roberts WA, Delta BC, February 26, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor and trader resource, announces its weekly roundup of stocks to watch in Crypto, Psychedelics, Tech, eSport and Mining. Today’s stocks have been added to our list of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2021/main/02261Stocks.asp

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

 

New crypto stocks include bitcoin ETFs, a Trust and a fintech company that has expanded into crypto exchange services.

 

The latest psychedelic stocks are involved in psilocybins and mushrooms, tech stocks include cybersecurity.

 

The newest eSport and mining companies are both Canadian listed with operations based in British Columbia.

 

New Stocks added to Crypto Stocks Directory:

Bitcoin ETF (TSX  EBIT) (TSX : EBIT.U) will provide investors with exposure to the daily price movements of the U.S. dollar price of bitcoin by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. Investors in EBIT will directly own bitcoin on the Bitcoin blockchain in a cold wallet. Gemini Trust Company, LLC will act as the Sub-Custodian in respect of EBIT’s holdings of bitcoin.

 

Purpose Bitcoin ETF (TSX:BTCC-B.TO) is held in secure, offline storage, which is also known as “cold” storage because it is not actively connected to the internet. We do use an online or “hot” wallet, but only for transitory purchases when the ETF is buying and selling Bitcoin. The ETF only invests in and holds 100% physically settled Bitcoin.

 

Osprey Bitcoin Trust (OTC: OBTC) offers common sense solutions to digital asset investing. Based in Tarrytown, New York, Osprey is dedicated to building better investment products that offer secure, transparent, and cost-effective access to digital assets. The Osprey Bitcoin Trust, OBTC, is the lowest-cost publicly traded bitcoin-focused investment product in the world.

 

Currency Exchange International,Corp. (TSX:CXI) (OTCBB:CURN) is in the business of providing a range of foreign exchange technology and processing services in North America. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, purchase and sale of foreign bank drafts and international travelers’ cheques, and foreign cheque clearing. Related services include the licensing of proprietary FX software applications delivered on its web-based interface, www.ceifx.com (“CEIFX”), and licensing retail foreign currency operations to select companies in agreed locations. The Company’s wholly-owned Canadian subsidiary, Exchange Bank of Canada, based in Toronto, Canada, provides foreign exchange and international payment services in Canada through the use of its proprietary software – www.ebcfx.com.  CRYPTO: Partnered with Cyclebit, a Cryptocurrency Payment Gateway, and CEX.IO, a regulated cryptocurrency exchange, to offer the first concierge service experience for buying cryptocurrencies. Customers can purchase Bitcoin and Ethereum in less than 10 minutes at select CXI branch locations starting February 17, 2021

 

New Stocks added to Psychedelics Stocks Directory:

Halo Collective Inc. (NEO:HALO)(OTC:HCANF) is a leading, vertically integrated cannabis company that cultivates, extracts, manufactures and distributes quality cannabis flower, oils and concentrates, and has sold approximately eight million grams of oils and concentrates since inception. Halo continues to evolve its business and scale efficiently, partnering with trustworthy leaders in the industry, who value the Company's operational expertise in bringing top-tier products to market. Recently, the Company has entered into a non-binding letter of intent with Red Light Holland Corp. for the purpose of creating a joint venture to become a licensed psilocybin manufacturer to supply psilocybin products to licensed service centers in the State of Oregon.

 

Optimi Health Corp. (CSE: OPTI; OPTI.WT) is developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness food markets. The Company also intends to cultivate, extract, process and distribute high quality strains of fungi products at its GMP certified facility located in Princeton, British Columbia.

 

New Stocks added to Tech Stocks Directory:

SoLVBL Solutions Inc. (CSE:SOLV) is a cybersecurity company. The company’s mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. The lead product Q by SoLVBL TM, is a proprietary software of the company, designed to be easy to use and adopt, economically priced and provide digital record authentication at lightning fast speed. Q by SoLVBL TM allows organizations to establish trust in their data. The company is currently pursuing the following verticals: chain of custody for digital evidence; including, next generation 911 (“NG911”), data used in the financial sector, medical applications and critical internet of things (“IoT”) infrastructures.

 

New Stocks added  to eSport Stocks Directory:

TGS Esports Inc. (TSX:TGS.V) works with fortune 500 brands, schools, and tournament organizers to address the esports demographic by building their esports presence and community via tournaments, broadcast production, and events, both live and online. TGS works with some of the biggest brands in the world, including Red Bull, HyperX, Pepsi, Shaw Cable, Telcel, and Ubisoft to expand their reach by delivering unparalleled, all-in-one exports experiences.

 

New Stocks added to Mining Stocks Directory:

Rockland Resources Ltd. (CSE:RKL) is a junior mineral exploration company.  The Issuer is engaged in the business of exploring its principal property, the Summit Old Timer Property, located in British Columbia.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases, research and our own original financial content. We were one of the first retail investor sites to cover renewable energy and cleantech stocks at investorideas.com and our domain Renewableenergystocks.com. We were also one of the most well- known and cited defense stock sites, featuring our domain Homelanddefensestocks.com at its peak.

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#ESG #Stocks News: #Solar Integrated Roofing (OTC: $SIRC) Completes Transition to National Brand, Announces Closing of Previously Announced Acquisition of Cornerstone Construction; @SIRCStock

#ESG #Stocks News: #Solar Integrated Roofing (OTC: $SIRC) Completes Transition to National Brand, Announces Closing of Previously Announced Acquisition of Cornerstone Construction; @SIRCStock 

 

EL CAJON, CA - February 26, 2021 – Breaking Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the closing of its previously announced acquisition of Cornerstone Construction, a leading provider of roofing and solar solutions in South Carolina and adjacent markets.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/02261SIRC-Closing-Acquisition-Cornerstone-Construction.asp

 

The U.S. Energy Department’s Energy Information Administration is bullish on alternative energies, in particular wind and solar and with the Biden administration’s push for the expansion of alternative energy use, with the trend anticipated to continue for years to come.

 

“We are pleased to announce the closing of the acquisition of Cornerstone Construction, marking an exciting turning point for Solar Integrated Roofing as we transition into a nationwide provider of roofing and solar solutions,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “Cornerstone generated $15 million in sales in 2020, providing another level of scale to our operations. Cornerstone CEO Hunter Ballew is a true industry thought leader, having created a movement in the roofing and solar industry that helps tens of thousands of roofers & solar providers across the country every year through retreats, a mastermind and an annual conference, RoofCON. I strongly believe that with his network and our platform, we can build a robust pipeline of potential acquisitions nationwide.

 

“I would consider this to be a model acquisition and yet another example of how our roll-up model creates opportunities to deliver synergies by cross selling across our roofing and solar products. As we continue to grow our presence nationally, we will continuously seek out exciting new acquisitions such as this. I look forward to continued execution in the months ahead, helping to create long-term value for our shareholders,” concluded Massey.

 

About Cornerstone Construction

Cornerstone Construction, a licensed roofing contractor, has served over thousands clients throughout South Carolina and neighboring states since 2017 with quality solutions for residential and commercial roofing and solar. Roofing services include expert inspection, installation, repair, and replacement services as well as gutters, windows, siding and decking. The company designs and installs traditional solar and solar shingles that integrate seamlessly into any new or existing roofing system. For more information on Cornerstone Construction please visit: https://cornerstoneconstruction.org.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corporation (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:

Lucas A. Zimmerman
Senior Vice President
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Breaking #Mining #Stock News - FORTUNE BAY (TSXV: $FOR.V) COMMENCES MOBILIZATION FOR PHASE ONE DRILLING AT GOLDFIELDS PROJECT; @fortunebaycorp

Breaking #Mining #Stock News - FORTUNE BAY (TSXV: $FOR.V) COMMENCES MOBILIZATION FOR PHASE ONE DRILLING AT GOLDFIELDS PROJECT; @fortunebaycorp

 

HALIFAX, NS February 26, 2021 –Investorideas.com Newswire and Miningsectorstocks.com report - Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) (“Fortune Bay” or the “Company”) is pleased to announce that it has received a drilling permit for its Goldfields Project (“Goldfields” or the “Project”) located in northern Saskatchewan (see Figure 1). The Company has commenced mobilization for a Phase 1 drilling program.

 

Read this news, featuring FORTUNE BAY in full at https://www.investorideas.com/news/2021/mining/02261TSXV-FOR-Goldfields-Project.asp

 

Highlights of the Planned Phase 1 Drill Program:

 

·      Approximately 5,000 metres of core drilling is planned in 15 holes.

·      Drilling will be focused on expanding the mineral resources at the Box and Athona deposits through step-out drilling from high gold grades which remain open.

 

Dale Verran, CEO for Fortune Bay, commented, “We are pleased to have commenced mobilization for our Phase 1 drilling program at Goldfields immediately following receipt of a drilling permit. Our technical team has undertaken an extensive review of the historical data and has developed targets and a drilling plan with the potential to expand the historical mineral resources at both Box and Athona. The last drilling campaign at Goldfields was completed in 2011 and we look forward to reviving exploration on the Project equipped with an improved geological understanding of the deposits.”

 

Planned Phase 1 Drilling Program

As announced on October 13, 2020 the Company has identified drill targets at both the Box and Athona deposits (see Figures 2 and 3). A Phase 1 drilling program has been developed to commence testing these targets through step-out drilling from high gold grades which remain open. The primary objective of the drilling program is to expand the historical mineral resources beyond the extents of the historical mineral resource estimates and current drilling coverage. Recent completion of mineralization models for the deposits, based on structural studies, has facilitated planning of the location and orientation of the initial drill holes.

 

Box Deposit

At Box, step-out drilling is planned both along strike and down-dip of the higher-grade drill intercepts in both Zone A and B, with the objective of establishing continuity of high grades. Drill hole orientation, to the east at a shallow drilling angle, has been designed to optimize drilling efficiency by obtaining significant internal coverage of the Box Mine Granite and intersecting the interpreted mineralized vein-sets at high-angles.

 

Athona Deposit

At Athona South, planned drilling includes confirmatory drilling to verify the 1930’s historical results, infill drilling to establish continuity with mineralization to the north, and step-out drilling to the south.

 

Summary of Drill Targets (announced October 13, 2020)

 

Box Deposit

The Box deposit remains open, specifically at depth where meaningful grades and thicknesses have been intersected both outside the boundary of the historical mineral resource estimate, and below the depth of the previous open pit defined in the historical 2011 Pre-Feasibility Study for Box.

·      Two priority higher-grade zones have been identified for drill targeting and resource expansion, Box Zone A and Box Zone B (Figure 2). Highlight gold results from historical drilling completed along these Zones outside of the boundaries of the 2011 mineral resource estimate include:

o  Box Zone A:          18.05 g/t over 6.00 m (drill hole B07-294) contained within 47.70 m at 2.68 g/t

                      8.35 g/t over 9.00 m (drill hole B07-292) contained within 49.79 m at 2.10 g/t

                      6.34 g/t over 6.00 m (drill hole B11-315) contained within 25.00 m at 2.04 g/t

5.16 g/t over 12.00 m and 4.65 g/t over 3.00 m (drill hole B11-316) contained within 72.00 m at 1.39 g/t

o  Box Zone B:          8.72 g/t over 3.59 m (drill hole B95-219) contained within 45.59 m at 1.02 g/t

                      4.97 g/t over 6.00 m (drill hole B95-228)          contained within 47.15 m at 1.05 g/t

    Drill intersections are from exploration holes with spacings varying from 10 to 110 metres, approximate 45 metre average.

·      The higher-grade intersections are interpreted to potentially represent vein-sets within a plunging extension of the Box Mine Granite.

 

Athona Deposit

·      The Athona deposit remains open to the south, beyond the extents of the mineral resources and reserves that were defined in the historical 2011 pre-feasibility study.

·      The Athona Mine Granite that hosts the gold mineralization extends southwards to and beyond the historical Number 2 shaft, where limited drill holes confirm the presence of significant gold mineralization.

·      Athona South has been selected as a priority zone for resource expansion (Figure 3). Underground and surface drilling in this area was carried out in the period 1935 to 1939. Gold samples from these holes were collected on an approximate 1.5 m spacing, however in certain instances only composited results for longer intervals are available. Selected highlight historical gold results from Athona South include:

o  4.00 g/t over 48.80 m and 3.00 g/t over 30.80 m (drill hole 23)

o  6.00 g/t over 65.80 m and 1.00 g/t over 58.50 m (drill hole 34)

o  6.00 g/t over 68.90 m and 3.26 g/t over 6.10 m contained in 10.70 m at 2.21 g/t (drill hole U-10)

 

Data Verification and Qualified Person

The historical drill results contained within this news release have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these drilling results relevant to assess the mineralization and economic potential of the property. For historical drill holes 23 and 34 at the Athona deposit, only composited results are available in the historical dataset. These composited grades may reflect highly anomalous results in individual samples and should not be interpreted to imply that mineralization is continuous throughout the interval.

 

The technical and scientific information in this news release has been reviewed and approved by Dale Verran, M.Sc., P.Geo., Chief Executive Officer of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Verran is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

 

About Goldfields

The 100% owned Goldfields Project is the Company’s most advanced asset located in northern Saskatchewan, approximately 13 kilometres from Uranium City, for which a historical Pre-Feasibility Study (“2011 PFS”) was completed in October 2011 in accordance with NI 43-101. The 2011 PFS envisaged open-pit mining of the Box and Athona gold deposits, located two kilometres apart, over 13 years with estimated gold recoveries of 91% and 89% respectively, processed at a shared mill facility with a capacity of 5,000 tonnes per day. Economic highlights from the 2011 PFS include an NPV (at a 5% discount rate) of CAD$144.3 million (pre-tax) and a 19.6% IRR (pre-tax) using a base case of CAD$1,250/oz of gold (exchange rate CAD$ = 0.96 USD$). Total capital costs were estimated at CAD$159.2 million including a 13.7% contingency. Mineral reserve and mineral resource estimates for the 2011 PFS (Box and Athona deposits) included; 1.02 million ounces of gold (22.3 million tonnes at 1.4 g/t Au) in proven and probable reserves, 1.03 million ounces of gold (20.9 million tonnes at 1.5 g/t Au) in measured and indicated resources (included in the proven and probable reserves), and 0.23 million ounces of gold (4.6 million tonnes at 1.5 g/t Au) in inferred resources. The Project is endowed with established infrastructure including existing roads, powerline, and nearby facilities and an airport at Uranium City. The Project has a history of gold production (64,000 oz Au produced between 1939 to 1942), numerous exploration drilling campaigns (~80,000 metres of drilling in ~675 drill holes) and various mining studies (including a 2007 Feasibility Study for the Box deposit for GLR Resources Inc. that was prepared in accordance with NI 43-101). The Box open-pit mine and mill development is permitted having received Ministerial approval under the Environmental Assessment Act in May 2008. The 10,300 hectare Goldfields property presents numerous exploration opportunities, including the potential to expand the Box and Athona deposits and discover additional resources at several other gold prospects and occurrences.

                                                                                                         

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR) is a gold-focused exploration and development company with 100% ownership in two advanced gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has a goal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

”Dale Verran”

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. (“Fortune Bay” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

Cautionary Note Regarding Historical Mineral Resource and Reserve Estimates and Historical Results

A Pre-Feasibility Study (the “2011 PFS Technical Report”), with an effective date of October 6, 2011, was completed for the Goldfields Project by March Consulting Associates Inc. in cooperation with Wardrop (now Tetra Tech), Dan Mackie Associates (DMA) and EHA Engineering Ltd. The mineral resources and mineral reserves were classified according to the CIM Standards on Mineral Resources and Reserves: Definitions and Guidelines, November 2005 (“CIM 2005”) and incorporated, by reference, into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The 2011 PFS Technical Report was issued to Brigus Gold Corp. (“Brigus”), and subsequently re-issued to successor company, Fortune Bay on March 13, 2014. The full 2011 PFS Technical Report is filed on SEDAR (www.sedar.com) under Brigus’s issuer profile. The reader is cautioned that a Qualified Person has not done sufficient work to classify the mineral resources and mineral reserves stated in the 2011 PFS Technical Report as current resources and reserves. Fortune Bay is not treating this historical estimate as current mineral resources or reserves. While this estimate was prepared in accordance with NI 43-101 and CIM 2005 in effect at the time, there is no guarantee that it would be consistent with current standards and it should not be regarded as such. Fortune Bay has not undertaken any independent verification of the data upon which the historical estimates are based. The historical estimate is considered relevant to assess the mineralization and economic potential of the property.

Historical results, including drilling results, have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these drilling results relevant to assess the mineralization and economic potential of the property.

 

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Figure 1: Goldfields Project infrastructure and location map.

Figure 2: Box Deposit Drill Target Zones A and B.

Figure 3: Athona South Drill Target.

 

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