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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
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

Fortune Minerals Ltd > News
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Comment by Allmanon Apr 20, 2022 9:26am
122 Views
Post# 34615923

RE:RE:RE:RE:News

RE:RE:RE:RE:NewsFrom my laymans perspective, Fortune has increased NICO's knowns and decreased its unknowns. Obviously experts will decide what bearing these latest drill results have, and more drilling will be required, but my two main take-aways are as follows:
1. Fortune has demonstrated that there is a fault displaced deposit to the east of the known NICO deposit
2. Fortune has demonstrated a minimum of 400 m continuous mineralized strike length in the Peanut Lake zone with some very high concentrations of cobalt (0.995%).
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