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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd > News
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Comment by Allmanon Apr 20, 2022 10:08am
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Post# 34616147

RE:RE:RE:RE:RE:RE:News

RE:RE:RE:RE:RE:RE:NewsMM, I believe a new resource estimate for NICO would require Fortune to contract out that work. If you have a look at their Dec 2010 drill program completion news release, it says;
"The results of all 37 drill holes are now being reviewed by P&E Mining Consultants Inc. ("P&E") to assess their impact on the known Mineral Reserves and determine if an update to the Mineral Resources and Reserves is warranted."
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