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Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.


TSX:FT - Post by User

Post by Allmanon Mar 24, 2024 1:58pm
172 Views
Post# 35949645

Ice road status

Ice road statusAs per FT's Feb 1, 2024 news release, at that time they were awaiting "for the government ice road from Whati to Gameti to open, which would enable the Company to truck ore samples from its existing stockpiles at the NICO site to SGS Canada Inc. in Lakefield, Ontario for the planned test work program.  Since then, the Whati to Gameti road appears to have been opened on Feb 21 with a 8,000 kg GVW restriction and on about Mar 8 with a 32,000 GVW restriction. Assuming the initial opening GVW restriction was sufficient to truck ore samples, 32 days have passed since then, otherwise about 16 days since the restriction was increased. Either way, ore samples must have arrived at SGS by now and hopefully we can soon get a status update on that activity.

https://cabinradio.ca/172187/news/travel/gameti-winter-road-opens-for-the-season/

https://tlicho.ca/agencies/winter-roads
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