HENDERSON, Nev., Sept. 12, 2011 /PRNewswire via COMTEX/ — Fortune Oil & Gas, Inc. (PINK SHEETS: FOGC) (www.fortuneoilandgascorp.com) subsidiary Alta Mining Inc. announced that the next stage of development for “SHG” property in Slocan, Canada including prospecting, mapping, soil sampling, and rock chip sampling has been scheduled to start today, September 12th, 2011.
This stage of exploration will also reconfirm silver showings which have been noted in previous exploration work. The QP compliant with the National Instrument 43-101 will conduct the exploration program, document all findings resulting from the prospecting and sample collecting conducted on the property, and provide a full report.
The report will be submitted to the Governmental Assessment to credit the property with body of work with which to continue the exploration and development of the SHG claim set.
The Company will be posting updates during exploration program on its website (www.fortuneoilandgascorp.com).
The company is fully funded for all upcoming operations and project development, therefore no dilution is coming to FOGC shareholders.
More details will follow shortly.