NORTHWEST TERRITORIES — Fortune Minerals of London, Ont., announced successful results from the pilot plant hydrometallurgical tests recently completed at SGS Lakefield in Lakefield, Ontario.
The pilot plant produced high-value metal products (cobalt and bismuth cathode, gold doré and copper cement) from Nico concentrates milled from the gold-cobalt-bismuth-copper deposit 160 km southwest of Yellowknife. Notably, the pilot plant has demonstrated operational improvements, higher metal recoveries, and production of higher value products than the base assumptions used in the Nico definitive feasibility study. completed by Micon International, and the economic update in 2008. Collectively, the improvements are expected to have a positive impact on the economics of an already robust project, said Fortune.
A summary of the results of the pilot plant tests are posted at www.FortuneMinerals.com in the news release dated Feb. 24, 2009.