GOLD-COBALT: Permitting underway for public highway near NICO project

NORTHWEST TERRITORIES - The government of the Northwest Territories Department of Transportation has submitted the requisite permit applications to the Wek'èezhìi Land and Water Board, to build a public highway to the community of Whati. The community is only 50 km south of the NICO gold-cobalt-bismuth-copper project belonging to Fortune Minerals of London, ON. The NICO project has already received environmental approval for a mine and mill, as well as a spur road from the public highway to the mine. Fortune president and CEO Robin Goad said, "With construction of this road, Whati will have reliable all season access for community resupply, while lowering the cost of living, improving, the quality of life and promoting economic development and diversification. The Whati highway will also be a vital link to the NICO mine for its transportation needs as well as provide commutable employment to the nearby communities." Besides the mine and mill in the Northwest Territories, Fortune plans to build a refinery near Saskatoon. Average annual production will be 41,300 oz of gold, 1,615 tonnes of cobalt as battery grade cobalt sulphtate heptahydrate, 1,750 tonnes of bismuth, and 265 tonnes of copper. Further information is posted at www.FortuneMinerals.com.