Mineral reserves for the NICO cobalt-gold-bismuth-copper deposit are estimated at 33.1 million tonnes containing 37.3 million kilograms of cobalt, 1.1 million ounces of gold, 46.3 million kilograms of bismuth and 12.3 million kilograms of copper.
The 2021 drill program was carried out order to test four prospects that had been identified in earlier geophysical surveys and a 1997 drill program, which had identified multiple intercepts in five holes with gold grades exceeding 1 g/t over 3-metre core lengths with significant cobalt and bismuth values.
Recent drilling successfully confirmed continuity of cobalt-gold-bismuth and local copper mineralization in the Peanut Lake zone, located 800 metres southeast of the NICO deposit, and also identified a potential east strike extension of the deposit.
2021 drilling results
A total of 13 cored drill holes totalling 2,482.31 metres were completed by Fortune in 2021, supported in part by two…
