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...