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

By Shane Lasley
Mining News 

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

 

Last updated 4/21/2022 at 2:37pm

Stockpiles at the Nico critical minerals mine project in Canada.

Fortune Minerals Ltd.

An aerial view of Fortune Minerals' Nico cobalt-bismuth-copper-gold mine project in Northwest Territories.

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...



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