Fortune Bay Corp advances Goldfields and Ixhuatan projects with key milestones in sight Podcast By cover art

Fortune Bay Corp advances Goldfields and Ixhuatan projects with key milestones in sight

Fortune Bay Corp advances Goldfields and Ixhuatan projects with key milestones in sight

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 Fortune Bay Corp CEO Dale Verran joined Steve Darling from Proactive to provide an update on the company’s strategic plans and upcoming milestones, with a focus on the Goldfields Project in Saskatchewan and the Ixhuatan Project in Mexico, soon to be rebranded as the Pomoa Rosa Project. At Goldfields, the company has commissioned an Updated Preliminary Economic Assessment (PEA), scheduled for completion in Q3 2025. This Updated PEA is a significant step forward, as it aims to rescope the project based on current gold prices and incorporate recommendations from a recent optimization study by Fuse Advisors. The study evaluated the most effective path to production, factoring in both economic feasibility and permitting considerations. Verran emphasized that the Updated PEA is expected to serve as a launchpad for further de-risking, paving the way toward a Pre-Feasibility or Feasibility Study. In parallel, Fortune Bay has initiated planning for permitting activities. The company benefits from an existing Exploration Agreement with the Goldfields communities, which provides consent for all activities up to a bankable feasibility stage—a major advantage in streamlining project advancement. Turning to the Ixhuatan Project in Mexico, which is being renamed the Pomoa Rosa Project, Verran shared that the company is actively engaged in community consultations aimed at establishing exploration agreements in line with Fortune Bay’s social and environmental commitments. Meetings are ongoing, with the goal of restarting exploration activities by late 2025. With a dual-pronged strategy focused on both advancing development at Goldfields and reviving exploration at Pomoa Rosa, Fortune Bay is positioning itself for a transformative period of growth, backed by a commitment to responsible practices and long-term value creation. #proactiveinvestors #fortunebaycorp #tsxv #otcqb #ftbyf #GoldfieldsProject #PomaRosa #GoldExploration #MiningNews #TSXV #SaskatchewanMining #MexicoMining #JuniorMining #GoldMarket #DaleVerran #ProactiveInvestors
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