The mining newspaper for Alaska and Canada's North

Fortune drills expansion targets at Nico

Cobalt, gold and bismuth cut at Peanut Lake, east of deposit North of 60 Mining News – April 22, 2022

Fortune Minerals Ltd. April 20 reported that its 2021 drilling cut strong cobalt-gold-bismuth mineralization in the Peanut Lake zone on its Nico project in Canada's Northwest Territories.

Nico 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) copper, and 1.03 grams per metric ton (1.1 mil...

 

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