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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 Lottenon Sep 20, 2022 4:15am
219 Views
Post# 34972941

Summer Activity At The Nico Project

Summer Activity At The Nico Projecthttps://registry.mvlwb.ca/Documents/W2008L2-0004/NICO%20Mine%20-%20SNP%20Monthly%20Report%20-%20June%202022%20-%20Jul%2031_22.pdf



July 31, 2022
Ms. Anneli Jokela
Regulatory Manager
Wek’ezhi Land and Water Board
#1-4905 48th St.

Yellowknife, NT X1A 3S3
Dear Ms. Jokela,
Subject June 2022 SNP Summary Report
Fortune Minerals Limited NICO Project
Type A Water Licence: W2008L2-0004
Please accept this letter as our Surveillance Network Monitoring (SNP) summary report for
June 2022. This report has been prepared to satisfy the following condition of the water
license:

The licensee shall within 30 days following the month being reported, submit to the
Board all data and information required by the “Surveillance Network Program”
including the results of the approved quality assurance plan.

Activities
The timing of mine development activities during 2022 depends on the financing for the
project. Until financing arrangements are finalized, activities at site will be limited to those
outlined in the care and maintenance Land Use Permit (W2016C0002).

The Fortune Minerals Limited (Fortune) NICO Project camp site was opened June 27 to
June 30 for a spill inspection, maintenance and to collect SNP samples. The site was
occupied for four days by two Fortune staff, and a mechanic for two days.

The site staff identified a number of maintenance activities which were carried out during
June at the NICO Project site. The following activities were completed:

A 1.5 m deep x 4 m long trench was dug below the generator shack (Photo 1) to look
for any remaining diesel in the soil from the leak caused by the bear in September
2021. The trench was visually inspected for any trace of diesel fuel. No evidence of
the spill in the trench was found (Photo 2). No smell of diesel could be detected upon
close inspection. The trench was then filled in.



A clean-up of the area around the core shack was completed. The items collected,
(e.g., core boxes, tarps, beams) were stacked in or outside the core shack.

The fuel shed was inspected for any leaks from gasoline barrels or jerry cans. No
evidence of leakage was found.

All of the unused jet A fuel barrels from the drilling program last fall were moved to
the fuel storage location beside the seacan near the incinerator. In total there are 14
full unopened barrels of jet A fuel and four partial barrels (Photo 3-three full barrels
not shown in photo). The partial barrels are marked and were place ahead of the full
ones. All barrels are lying flat in the 3-9 oclock position.

Six barrels of diesel fuel not used in the drilling program were consolidated and
placed in front of the Envirotanks within the bermed area. They will be used first
before accessing any other diesel from the Envirotanks.

Inspection of repairs to the land farm last year was provided to the inspector in the
2021 annual report and permission was obtained to use the land farm. Small spills
around the property (Photo 4) were cleaned up with 12x5-gallon pails of
contaminated soil being added to the land farm.

Five of these 5-gallon pails of contaminated soil were generated from my clean-up
of a spill next to the incinerator (Photo 5). A partially full pail of waste oil was
mistakenly left by the drill crew next to the incinerator. a portion of the oil spilled on
the ground and a cleanup was necessary. The contaminated area was excavated and
new material was added (Photo 6).

Clean-up and consolidation were completed of beams and planks left behind at drill
hole 16 (Photo 7). The planks and beams lumber has been prepared with straps for
the next time a helicopter is at site to sling this material out. There are also four bags
of blocks that need to be moved at that location.

Core boxes, beams, blocks and several sheets of plywood at the portal were moved
to the seacan behind the shop or in the case of the blocks and beams, they were moved
to the location where the other underground equipment is stored uphill of the portal
(Photo 8).

The site crew completed a clean-up of any garbage and incineration of camp refuse
was completed once the incinerator has been cleaned (Photo 9) of all ash and non-
flammable material (e.g., glass);

Repairs was made by the mechanic to the loader, excavator, the bulldozer, and
snowmobiles;

The sewage pipe from the camp was checked and the repairs made last year remain
in place;

An inspection of the Burke Lake Access Road was completed. The road
improvements made during the drilling program are stable with no evidence of
erosion (Photo 10), and;

Empty fuel barrels were stacked in their usual location next to the core shack
(Photo 11). A total of nine barrels were shipped off-site with the mechanic.

Water Quality Sampling and Analysis
Water samples were collected from SNP station 5-2 and SNP Station 5-5 on June 30; the
analytical results can be found in Appendix I. No licensed parameters were exceeded.

A total of 3.40 m3 of water was taken from Lou Lake for domestic use during June.
Approximately, 95% was returned as grey water and 5% through the sewage system.

Flow and Volume Measurements
Flows from the portal at SNP 5-2 were average, estimated at 11 m3 per day.
The landfarm was last tested on August 26st, 2015 and the results showed that the landfarm
was in compliance with all parameters for fine grained soils. It will be tested again in
September. As mentioned earlier, a total of 12 5-gallon pails of contaminated material was
added to the landfarm in June.

We trust that this letter and attachment are sufficient for the current requirements. Should
you require clarification of some point or wish to discuss something, please contact the
undersigned at your convenience.

Yours truly
FORTUNE MINERALS LIMITED
Rick Schryer, Ph.D.
VP Environmental and Regulatory Affairs
cc. Clint Ambrose, GNWT
Brandon Bradbury, GNWT
Ian Ziemann, GNWT
Meg McCluskie, GNWT














































 









 
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