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COAL RESOURCES NEWS Mount Klappan Figures Released

BRITISH COLUMBIA A new digital block model for FORTUNE MINERAL's Mount Klappan coal project indicates there are 2...



BRITISH COLUMBIA A new digital block model for FORTUNE MINERAL’s Mount Klappan coal project indicates there are 2.8 billion tonnes (in all categories) of high-quality, low-sulphur anthracite coal in four known deposits. The Mount Klappan leases are located 150 km northeast of Stewart.

If Fortune goes ahead with the project, mining would begin with the Lost-Fox deposit, which is estimated to total 1.059 billion tonnes, including 107.9 million tonnes of measured and 109.5 million tonnes of indicated resources. The next-largest deposit is the 1.025-billion-tonne Hobbit-Broatch, containing 13.5 million tonnes of indicated resources. The Mount Klappan project also covers the Summit and Nass deposits. A table with details of the resource estimates is available at www.FortuneMinerals.com in the Press Releases.

Fortune Minerals is currently reviewing proposals to update the feasibility study at Mount Klappan. The new study will assess a conventional truck and shovel open pit operation. Annual production is initially contemplated at a rate of 1.757 million tonnes of clean coal. The new study will assess a simplified flowsheet to produce two main products for metallurgical markets, likely increasing the minable tonnage in the starter pits and product yield from the wash plant.


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