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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

Comment by redon Jan 26, 2021 8:33am
126 Views
Post# 32385476

RE:Road

RE:Road

This is very true, all good points and if things go well this spring the "Tlicho Hiway" could see a bit sooner opening. A significant concern of mine is what becomes of the Tlicho Kiewitt infrastructure that is in place now to build the new hiway? Will it be demobed or will it be used by FT to punch thru the road to our mine site? It's a significant opportunity and ground breaking potential to rid ourselves of the question of accessibility once and for all.

It's the million dollar a mile question ( although mine access roads do not have to be built to the same standards of public highways). Adds to Additional employment for the Tlicho people and would also be significant.

Might our new access road to our site also be the start of a new all season access road to wekweti ( another Tlicho community close to our site) and to which would also get government support. 

These potentials, if they come to fruition, will forever change the FT story. The reality is that there is not to much time left to make a deal given that Kiewitt will demobilize ground clearing equipment along with blasting crews etc this summer, if they don't have a project to move this equipment to further ....if a deal is made they could take advantage of frozen ground right now and into the spring to mob drilling and blasting crews and equipment to our work area.....we are talkin* millions of savings and more important gain enormous TIME toward development of the mine.

next to ( if not in line with) processing announcements to come, I think it's the most significant news FT could put out there that would rock the cobalt world of Canada and NA. Definetly would open eyes and give us huge exposure. 

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