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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 Jun 01, 2021 11:46am
91 Views
Post# 33303271

Blowing in the wind 2.0

Blowing in the wind 2.0There was NO mine operations for 120 years. ONE HUNDRED AND TWENTY F*ING Years.

Many entities in the intervening years, particularly during silver's hey days in the 1970-80's, came and drilled and kicked the tires. BUT nobody ever proceded with his POS. NOT until our guys showed up. 

The mine operated from 1880-94 until silver subsidies provided via the Sherman Silver act of the US congress were withdrawn. That brought the Revenue mine, and a lot of others, to a close.

Short those subsidies THERE NEVER HAS BEEN MARKET BASED MINING AT THE REVENUE-VIRGIIUS MINE.




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