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Bullboard - Stock Discussion Forum 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... see more

TSX:FT - Post Discussion

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Post by geolith on Aug 27, 2021 2:24pm

refinery

There is arsenic in all of the gold mines in the NWT.  In some circumstances, gold is moleculary bound with the arsenopyrite, as at Giant, in in parts of the Con Mine.  Most of the gold ores developed in the NWT left the arsenopyrite as is, a relatively stable mineral that can be disposed of safely.  Con autoclaved some of their ores, which left an insoluble iron arsenate, similar to many modern operations around the world.  Giant started with the old technology of roasting the arsenopyrite, driving off a soluble and toxic arsenic trioxide which is the legacy left behind.

Most northerns can't distinguish between the various forms arsenic is found in, prefering to declare all of it bad.  Here lies the problem Nico faced.  Yes, Nico ores are quite enriched in arsenic, however they had proposed separating and concentrating the arsenic (and cobalt)-rich ores and then treating them with the modern autocaving technology that leaves a registerable non-hazardous waste product.  Couldn't sell it to people, including the "well" qualified reguators.  They heard the word arsenic and ran.  No way, not in the NWT.

Almost all modern refineries deal with contaminents, be they radioactive materials commonly found in REE deposits, to thallium and mercury found in base metal mines, and yes, arsenic found in gold mines.  There wouold be virtually no modern batteries without these refineries, and the NWT is missing the boat again by delaying acceptance of this.

However, other locations will accept these high-paying, environmentally sound modern jobs, and if one need go to Alberta, Saskatchewan, or Norway for this, so be it.  There are options.
Comment by Tuckerthefox on Aug 28, 2021 8:34am
Wow, thanks Geo
Comment by red on Aug 28, 2021 8:59am
Besides the facts of the science demonstrated in your response and given the decline in new mineral operations in the NWT that is ongoing and more coming .....attitudes in and around Yellowknife may change but would add years to our program. If there was even a remote chance it might be at the Con mine site which is owned by Newmont and still a permitted site and newmont would have the wherewithal ...more  
Comment by elitespooner on Aug 28, 2021 10:53am
Theres enough space in the NWT for a refinery, con is being looked at for geo thermal ... https://cabinradio.ca/71246/news/yellowknife/nwt-eyes-geothermal-energy-at-con-mine-for-industrial-park/ Wonder why the GNWT fought for control of resource royalty when they give up so easily on opportunities they bring.
Comment by red on Aug 29, 2021 5:21pm
Con site Geo was a city of YK pink elephant thought of about 60 million worth several years ago .... the idea being to supplement the heat with biomass, and pipe to some big buildings gs DT YK but guys who worked in the mine and actually recorded temperatures said that they never recorded the kinda temps the science report was showing ... the discrepancy continued but was enough for me to vote no ...more  
Comment by Tuckerthefox on Aug 29, 2021 8:38pm
I was in Yellowknife when they knocked down the tower at the Con Mine. I watched from the hospital. I think it was the Con. Tucker
Comment by Str8shooter99 on Aug 30, 2021 12:54am
The refinery location will most likely be in alberta on a already permitted brownfield.
Comment by red on Aug 30, 2021 8:18am
That is what all the indicators ( that We know of) leave us to believe ....it would be nice to get status of those discussions. I don't think something positive of FT development and advancement is a matter of "if" anymore but more so a case of when... and when that happens is let's hope we go to new highs. the uniqueness of The Nico deposit is stand out compared to others in ...more  
Comment by red on Aug 30, 2021 9:01am
Before i get slammed too much ....when I say meet the supply demand coming ....what I really mean is participate in the supply....
Comment by red on Aug 30, 2021 8:05am
Well Tuck....it must have been.....it's not something you could miss lol....I believe the tallest structure north of sixty with a big orange cap .....it came down with a few changes and exactly as planned and much to disappointment of many who felt it should have stayed ...it was a heck of a marker when your on great slave lake 40 o4 50 miles out in stormy conditions and you could see the ...more  
Comment by robroy on Aug 29, 2021 8:51am
Dundee Sustainable Technologies Glass Lock Process sequesters arsenic The occurrence of arsenic bearing minerals is increasing in base and precious metal deposits. Materials with elevated arsenic contents are difficult to process without the associated environmental risks. Due to limited alternatives, the arsenic is volatilized or left in tailings exposed to lixiviation. Very few facilities in ...more  
Comment by Tuckerthefox on Aug 29, 2021 11:50am
Thanks Rob. I will be watching these guys. Dundee Sustainable Technologies Inc (Sub Voting) C.DST Alternate Symbol(s): DNDDF Industrials Diversified Industrials Dundee Sustainable Technologies Inc is engaged in the development of technologies for the treatment of materials in the mining industry. The company specializes in testing oxide and sulfide materials for the extraction of nickel, cobalt ...more