North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Fortune to investigate Nico gold targets

At $2000/oz, gold outweighs value of cobalt at NWT project North of 60 Mining News – August 14, 2020

 

Last updated 9/26/2020 at 3:17pm

Nico cobalt bismuth copper gold mine project Northwest Territories

Fortune Minerals Ltd.

Best known for its critical minerals – cobalt and bismuth – Nico also hosts more than 1 million ounces of gold.

Fortune Minerals Ltd. Aug. 10 announced it is gearing up for an exploration program focused on gold targets on its Nico cobalt-gold-bismuth-copper project in Northwest Territories.

A 2014 feasibility study for Nico detailed plans for a 4,650-metric-ton-per-day operation that would produce an average of 1,615 metric tons of battery-grade cobalt; 41,300 ounces of gold; 1,750 metric tons of bismut...



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