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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 Aug 12, 2020 1:19pm
123 Views
Post# 31398911

RE:RE:Updated Company presentation

RE:RE:Updated Company presentation what drill reults are you referring to? I see no evidennce of any recent drilling to extend the so- called IOCG deposit...

Fortune is also pleased to report that it has been awarded a matching grant of $144,000 from the Northwest Territories Government through the Mining Incentive Program. These funds will be used to support geophysical surveys planned at the NICO Project site this summer with work focused on targets with identified gold potential.


Perhaps a drilling program to follow? ...Curious, always thought there could/should be a greater emphasis on expanding the resource to support the claim of a larger Olympic Dam type deposit

Lettern
Bullboard Posts