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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Bullboard Posts
Comment by Cletternon May 13, 2020 12:10am
110 Views
Post# 31020453

RE:RE:RE:RE:RE:RE:China could shut out the USA by buying FT

RE:RE:RE:RE:RE:RE:China could shut out the USA by buying FT From MD&A May 12 on SEDAR

The Company has planned a tentative geophysical exploration program for the summer of 2020 to better delineate a number of anomalies previously discovered on the NICO Project property that may indicate the presence of a larger underlying IOCG style deposit.

With the current situation, not sure this will come to fruition. 

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Bullboard Posts