Canadian Mining Journal

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COBALT-GOLD-BISMUTH: NWT government signs contract to build Tlicho Road



Initially, the NICO mine will be open pit, but underground test mining has also been done. (Image: Fortune Minerals)

NORTHWEST TERRITORIES – Fortune Minerals of London, Ont. Says the Northwest Territories government has signed a contract for the building of the Tlicho all weather road to the community of Whati. The village is only 50 km south of Fortune’s NICO cobalt-bold-bismuth-copper mine and mill project.

Fortune will undertake the construction of a road from the mine site to Whati so that concentrates can be shipped out for processing. Concentrates from the NICO mill will be sent to the company’s refinery near Saskatoon, Sask.

The Tlicho road will be a 97-km-long, two-lane gravel road accessible year-round. The $213.8 million cost is being supplied 75% by public-private partnership (P3) headed bythe territorial government and 25% by the Canadian government.

Fortune has received the necessary environmental approval, water licence and land use permit for NICO. Sign up for news releases at www.FortuneMinerals.com.