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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 Allmanon May 08, 2022 9:21am
148 Views
Post# 34665261

RE:CM mapping initiative update American Geoscience Inst. 2022

RE:CM mapping initiative update American Geoscience Inst. 2022Some interesting takeaways from Louise's recent IOCG critical metals presentation on page 6. On behalf of the Geological Survey of Canada, she definitely provides great visibility for the NICO deposit and advocates its merits.

Bismuth reserves relative to global reserves and the vast size of the NICO deposit, with reference to source document (https://www.sciencedirect.com/science/article/pii/S0169136822000300, section 6.3).

Cobalt resources relative to global resources and the statement that NICO is a primary cobalt resource (along with Blackbird).  Cobalt concentrations at NICO are shown to be much higher than at Olympic Dam.

Gold reserves at NICO relative to Blackbird's resources; NICO holds atleast twice the amount of gold.
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