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

By Shane Lasley
Mining News 

Fortune seeks eastern extensions of Nico

Geophysical surveys aim to refine Peanut Lake drill targets North of 60 Mining News – September 4, 2020

 

Last updated 9/26/2020 at 3:25pm

Copper gold bismuth cobalt outcrop Peanut Lake Nico NWT

Fortune Minerals Ltd.

This copper-rich rock was discovered in a pit excavated to provide aggregate for road work on Fortune Minerals' Nico cobalt-gold-bismuth-copper project in Northwest Territories.

Fortune Minerals Ltd. Sept. 3 announced the start of a geophysical program to further delineate expansion drill targets east of the company's Nico gold-cobalt-bismuth-copper deposit in Canada's Northwest Territories.

Nico currently hosts 33.1 million metric tons of proven and probable reserves averaging 0.11% (82 million pounds) cobalt, 0.14% (110 million lb) bismuth, 0.04% (27 million lb) cop...



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