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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 13, 2022 9:01am
120 Views
Post# 34311919

RE:RE:NICO future

RE:RE:NICO future

On drilling ...RG had an opportunity to pick up free money to drill ( GNWT min8ng program) and was probably coupled with regulatory requirements to do something on the site ...but more importantly ( I think ) at same time confirm the extension of the deposit ...and add more info on other targets...none of which will hurt us.

first holes drilled were probably sent to lab in early nov? Last ones probably mid dec .....I am thinking those early ones may be available sooner. 

a refinery "site" would be monumental and what I thought we were waiting on... so if there is something on the actual refinery that is coming we should be garnering a lot of interesting response in the market. 

FT now needs to get in the mining and public news and I don't think there is a better time. 

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