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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

Post by uudamannon Jan 20, 2021 1:38pm
145 Views
Post# 32334722

Goad's recent presentation

Goad's recent presentationFor a brief moment near the end of the 8.5 minute video Goad discusses the enormous potential of the IOCG anomaly at NICO comparing it to other global analogs including the Olympic dam in southern Australia. It remains deeply perplexing why this potential 'enormity' has not been systematically drilled and evaluated given the substatial resources available to FT and the sophistication of its major shareholders. I hope it is not some wild theory being used to stall for time. It is certainly very disconcerting.
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