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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > Ice road status
View:
Post by Allman on Mar 24, 2024 1:58pm

Ice road status

As 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
Comment by lire1 on Mar 25, 2024 5:16am
What is the importance of this particular ore sample?
Comment by Allman on Mar 25, 2024 8:14am
... used to support a mini-pilot at SGS Canada Ltd. to confirm certain process design criteria and improvements to the NICO Project metallurgical processes. The program will also provide samples of concentrate that could be used in future tests with material sourced under the previously announced Rio Tinto process collaboration (see the Company's news release dated September 29, 2023 ...more