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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 Jun 10, 2021 8:37am
117 Views
Post# 33361097

RE:Drilling

RE:DrillingIt's my hope that Geo taps into this post on inter connectivit or continuity of deposit potential 

on another NWT gold JR that I have we have historically two old gold mines, giant and con mines that are a few miles apart on the surface, both produced over some 14 mil oz of gold. They rest on a strike zone that is over 70 km long ....the explored production area of both mines I believe is 7 km ....the other 63 km is largely unexplored ....yes hard to believe that a company like Newmont after acquiring the con mine did nothing of new exploration outside of their lease which is part of a huge strike zone. It's obviously my hope that the JR, who as partnered with Newmont and is drilling north and south of con and giant find what we want ...more gold. The point is here that they have discovered that the gold bearing rock is very continuous over a long distance.

to your point and is my opinion, that there is good reason to suspect interconectivity of our strike zone.

one thing for sure on this deposit,  I think, if we drill on the targets proposed we are getting more gold and cobalt or more cobalt and gold ...it's the uniqueness of the Nico deposit that makes us stand out from others ....right now the gold pays for it all and then some the cobalt and other metals are no slouch either. 
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