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City of Gold


City of Gold is a wholly-owned subsidiary of Fortem Resources and the company’s only mining play situated in Maynmar, Southeast Asia. World class mineral discoveries is this area are now at depths of over 1000 meters. City of Gold has identified large scale surface mineralization, which indicates a huge potential for deeper findings.

Comments from field investigations of City of Gold by Dr. Murray Hitzman: “Appears to encompass the high level of a large porphyry related system” “Potential to contain a large bulk tonnage gold/copper deposit at depth & clearly has the potential for significant tonnages of high-grade gold bearing material at surface”

The company has appointed a world class management team who have achieved multiple success in developing mining deposits around the world. This will serve the company well in unlocking future value of its City of Gold property.

Myanmar’s mining industry is expected to expand next year on the back of higher foreign and domestic investments MONREC, told The Myanmar Times – 23rd October 2018

City of Gold Recent Exploration

Highlights

  • 465 square kilometers – On site hydropower, water & infrastructure
  • Covers >100 surface gold mines
  • Mining areas cover >50 square kilometers
  • Large surface mining gold tonnage potential
  • Large porphyry related system
  • Large gold/copper potential at depth
  • Low cost heap leach process
  • Cenozoic ARC has yield 26 major gold/copper discoveries
  • City of Gold mineralization covers a large area located between two crustal-scale, dextral regional fault zones, within the Cenozoic ARC, similar to the Grasberg mine, which contains the world’s largest gold Reserves (100Mozs) and the second largest copper Reserves (24MT)

 

 

Myanmar now open to host major discoveries

  • Has the world’s largest VMS zinc/lead deposit
  • Mega copper deposit (2 Billion Tons)
  • World’s largest tin/tungsten mine
  • Only minor exploration due to 40 year’s conflict
  • Democratic elections in 2011
  • US sanctions lifted in 2012
  • Mining law changes in 2012 for investment
  • Myanmar hosts 1000km of Cenozoic ARC strike
  • Myanmar now open to host major discoveries

Comments from field investigations of City of Gold by Dr. Murray Hitzman:

“Appears to encompass the high level of a large porphyry related system”

“Potential to contain a large bulk tonnage gold/copper deposit at depth & clearly has the potential for significant tonnages of high-grade gold bearing material at surface”

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