SASKATCHEWAN – Fortune Minerals of London, ON, has successfully produced a 99.99% Bi metal ingot smelted from the 99% Bi cathode powder previously produced. The ingot is the standard product quoted for sale and traded on global metal markets. (Last week bismuth was trading at US$7.50-8.50 per lb.) The high-purity metal was refined at SGS Lakefield in Ontario.
Fortune is the 100% owner of the NICO gold-cobalt-bismuth-copper deposit that it believes to be the largest Olympic Dam-type deposit in Canada. It is located near Mazenod Lake, NT. All four metals will be recovered. The company purchased a former gold mill from Newmont Mining in Hemlo, ON, and moved it to the mine site where it will be operated at 4,650 t/d.
More information is available at www.FortuneMinerals.com.