VANCOUVER,
BRITISH COLUMBIA--(Marketwire - March 15, 2010) - Fortress
Minerals Corp. ("Fortress") (TSX VENTURE:FST) is pleased to
announce that mobilization to the Svetloye Gold Project in the Russian far east
has been completed. A total of 400 tonnes of diesel fuel and 200 tonnes of
supplies were shipped via the 310-kilometre winter road to support the planned
6,000-metre drill and 3,000-metre trenching program for 2010. Drilling is
scheduled to begin on May 1, 2010.
The
Svetloye Project consists of nine identified gold prospects that occur over a
linear distance of eight kilometres. Delineation drilling has been carried out
on three of the prospects. Prior to the 2009 drilling and trenching programs,
the total inferred resource at Svetloye, including the Elena, Amy and Tamara
prospects was estimated at 20.1 million tonnes grading 2.21 gram/tonne (g/t)
gold containing 1.428 million ounces of gold (see Press Release dated April 23,
2009).
Ryan
Torvik, CFO of Fortress, commented, "Preparations are now nearly complete for
the start of the summer drill program. Each program to date has consistently
expanded the known gold mineralization at Svetloye. The project hosts a
significant and growing gold deposit and we look forward to another successful
campaign."
Gold
is associated with extensive zones of vuggy silica, quartz-alunite and
quartz-dickite-kaolinite alteration. This style of mineralization is common to
Pierina, Veladero and other high sulphidation epithermal deposits. Fortress
currently owns a 100% interest in the Svetloye Project.
About Fortress
Fortress is principally engaged in the acquisition,
exploration and development of precious and base metal properties located in
Russia. The common shares of Fortress are listed for trading on the TSX Venture
Exchange under the trading symbol "FST".
FORWARD-LOOKING
INFORMATION
This news release contains forward-looking statements
concerning the Company's plans for its properties. These forward-looking
statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation, risks and
uncertainties relating to political risks involving the Company's exploration
and development of its properties, the inherent uncertainty of cost estimates
and the potential for unexpected costs and expenses, commodity price
fluctuations, the inability or failure to obtain adequate financing on a timely
basis and other risks and uncertainties, including those described in the
Company's periodic filings with the British Columbia Securities Commission.
Such information contained herein represents management's best judgment as of
the date hereof based on information currently available. The Company does not
intend to update this information and disclaims any legal liability to the
contrary.
On behalf of the Board of Directors,
Lukas H. Lundin, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.