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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 hounddog69on Jun 08, 2024 11:54am
220 Views
Post# 36079239

SGS Testwork

SGS TestworkSamples arrived at SGS two months ago:

https://www.fortuneminerals.com/news/press-releases/press-release-details/2024/Fortune-Minerals-Announces-Arrival-of-Samples-at-SGS-Canada-in-Lakefield-Ontario-for-Metallurgical-Testing/default.aspx

According to the flowsheets on the corp presentation, the pilot test work will of:

Mine Site Processing:
-crushing&grinding + two stage floatation. 

AB Site Processing:
- leaching, thickening (unclear if this is a CCD circuit or just several independent thickeners), solvent extraction, followed by smelting (calciner?).  

Any ideas if this testwork is purely lab scale, or does SGS have the ability to run a pilot plant? Have never dealt with SGS, only SRC. Leaching and Thickening is straightforward in a lab setting, ie add acid for leaching, add floc for thickening. SX is a bit more nuanced depending on the number of stages and diluent used. Assume SGS runs all the assays in house.

If we were doing this at my place of work the testwork would be done in a week or two, although the results and analysis + report compilation would be a couple more weeks. I would be surprised if the work isn't done already. Either way we should see results soon!
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