HENDERSON, Nev., Aug. 17, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC.pk - News) (http://www.fortuneoilandgascorp.com) subsidiary Alta Mining announced the 2011 exploration program on the SGH property, Slocan, BC; Canada.
Following the initial research into historical exploration, the current phase of exploration will cover mineralized zones that are a host to significant silver mineralization systems, noted in previous exploration work.
The company will undertake a field program that may include (but is not limited to) mapping, prospecting, soil sampling, and follow-up trenching and rock chip sampling.
The initial focus of the geological and prospecting programs will be to reconfirm historically outlined findings on the property, and make the findings compliant with the National Instrument 43-101. Expectations are that additional survey targets will develop through ground work. The following phase of exploration would include further work on the additional survey targets.
Company management is very optimistic that this exploration phase will confirm predictions of silver bearing mineralization, which will call for new extensive exploration program to further reveal the potential of company's property.
Company is fully capitalized to complete the work. All assay results and other relevant information will be published on company website as it is received and verified.
More updates on both subsidiaries to follow shortly.
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