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

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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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