Midas downgrades Fortitude resource

MIDAS Resources has downgraded its indicated and inferred gold resource at the Fortitude project to 6.13 million tonnes at 1.9 grams per tonne, for some 367,000oz of contained gold, a lower grade and reduce ounces than its previous estimate.

The previous resource stood at 6.64Mt at a grade of 2gpt gold for 437,193oz of contained gold.