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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 geolithon Sep 23, 2021 10:58am
193 Views
Post# 33904785

Drilling

DrillingAbu needs to understand that exploration drilling occurs before there is a deposit, during development of that deposit, mining, and after closure.  Some great discoveries are made late in the mine life of any decent deposit, so no, this is not a joke, this is simply proper, considered, development.
Condemnation drilling has found more deposits that one can shake a stick at.  Osisko operates a great deposit that was identified decades after the mines that operated there before shut down. GoldMining Inc has nearly 2 million ounces adjacent to the long closed Discovery Mine.   Eskay Creek is generating 800 million in shareholder value for Skeena, decades after it shut down.

So drill baby drill.
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