COAL: Fortune begins summer program at Arctos

BRITISH COLUMBIA – Fortune Minerals (80%) of London, ON, and POSCO Canada (20%) have begun the environmental assessment of their Arctos anthracite coal project 150 km northeast of Stewart. The final EA is expected to be filed in 2014 with the province under terms of the recent changes to the Canada Environmental Assessment Act.

Most of the Arctos (previously Mount Klappan) environmental baseline information was collected under the EA process for a previous development plan. This summer's program will gather additional baseline information for a proposed railway extension. Gaps in the previous work will be filled and updates will be made to support permitting and detailed engineering.

Fortune said that members of the Tahltan and Gitxsan First Nations have been hired for various archaeological, drilling and hydrology roles that will contribute to the collection of baseline environmental data for the EA process.

Work at the site is overseen by mine manager Dave Hayward and supported by environmental relationships manager Dianna Stoopnikoff.

Maps and a table of historical resources are posted at FortuneMinerals.com.