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Fortune Minerals Announces NICO Exploration Program

LONDON, Ontario—- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to report that restrictions on travel imposed by the Northwest Territories Government for the Covid-19 pandemic have been eased, allowing work to resume on the Company’s 100% owned NICO Gold-Cobalt-Bismuth-Copper Project (“NICO Project”). The NICO Project, located 160 kilometres northwest of Yellowknife, contains an Iron Oxide Copper-Gold (“IOCG”) type ore deposit with Proven and Probable Open Pit and Underground Mineral Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth and 27.2 million pounds of copper (“NICO Deposit”). With the price of gold above US$2,000 per ounce, gold now contributes more projected revenues than cobalt from the planned development, a distinct attribute that makes the NICO Project stand out relative to other global cobalt projects.

Fortune is also pleased to report that it has been awarded a matching grant of $144,000 from the Northwest Territories Government through the Mining Incentive Program. These funds will be used to support geophysical surveys planned at the NICO Project site this summer with work focused on targets with identified gold potential.

Robin Goad, President and CEO of Fortune, commented, “With more than a million ounces of in-situ gold, the NICO Deposit is a unique Critical Mineral project, particularly among other planned cobalt developments needed to supply energy metals for the transformation to electric vehicles.”

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For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled “Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada”, dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company’s profile at www.sedar.com.

Planned Exploration:

Induced polarization and ground magnetometer surveys will be carried out over the 1.2 kilometre wide Peanut Lake combined magnetic, gravity and magnetotelluric anomaly to identify targets for drilling. The Peanut Lake anomaly is centered one kilometre southeast of the NICO Deposit and is believed to represent the fault displaced, east strike extension of the deposit. This is the strongest magnetic feature on the NICO leases with peak amplitude of 10,000 nanoteslas, and also has coincident 2 milligal gravity and magnetotelluric response. Gravity, magnetic and magnetotelluric surveys are commonly used to identify IOCG systems around the world, including the ‘supergiant’ Olympic Dam deposit in South Australia. The Peanut Lake anomaly is primarily covered by wetlands and overburden, but three-dimensional inversion modelling by the Geological Survey of Canada indicates that the cause is a near-surface dense, magnetic and conductive source.

In 1997, Fortune drilled several holes immediately to the north of the Peanut Lake anomaly. Gold was intersected in five of these holes with minimum grades of 1 gram per tonne over 3 metre core lengths, including one hole, which intersected 3 metres, grading 1.105 grams of gold per tonne and 0.355% cobalt. These holes indicate that gold and cobalt enrichment continue in this part of the mineralized system.

In 2019, Fortune exposed bedrock with sulphide mineralization at the bottom of pits dug for road construction aggregate along the south periphery of the Peanut Lake anomaly. Representative grab samples collected from these rocks returned grades of 1.5% and 1.6% copper.

Most of the Peanut Lake anomaly occurs beneath a one kilometre area of wetlands and overburden between these two areas of known mineralization. The objective of the geophysical work is to identify concentrations of conductive sulphides within the broader magnetic anomaly beneath this overburden that may represent the east strike extension of the NICO Deposit.

Tlicho All-Season Road Progress:

The Northwest Territories Government and North Star Infrastructure, with 25% funding contribution from the federal government, continue to progress construction ahead of schedule for the 97-kilometre Tlicho All-Season Road from Highway 3 to the community of Whati. The approaches and decking for the bridge over the La Martre River are now well advanced, and when this work is complete, will allow construction equipment to navigate the entire route to Whati. The Tlicho Road, together with Fortune’s planned 50-kilometre spur road to the mine site, are key enablers for the NICO Project that will allow trucking of metal concentrates to the railway at Hay River for delivery to the refinery in southern Canada for processing to value added products.

NICO Project:

The NICO Project is an advanced development asset comprised of a planned mine and concentrator in the Northwest Territories and a related refinery in southern Canada where metal concentrates would be processed to gold doré, cobalt sulphate, bismuth ingots and oxide, and copper precipitate. In addition to the gold contained in the NICO Deposit, cobalt and bismuth are identified on the United States and European Union Critical Minerals Lists. Minerals considered critical for this purpose have essential use in important manufacturing and defense industries, cannot be easily substituted by other minerals, and their supply chains are vulnerable due to geographic concentration of production and/or geopolitical risks. Cobalt in particular is used to make the cathodes of lithium-ion batteries that power electric vehicles, portable electronic devices and store energy in stationary cells to make electricity use more efficient and permit renewable energy use in grid base load. The NICO Project has received environmental assessment approval and the major mine permits for the facilities in the Northwest Territories and has also been assessed in a positive Feasibility Study by Micon International Limited in 2014 (see Fortune news release, dated April 2, 2014).

The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune, and Dustin Reinders, B.Sc., P.Eng., Project Engineer, who are “Qualified Persons” under National Instrument 43-101.

About Fortune Minerals:

Fortune is a Canadian mining company focused on developing the NICO Gold-Cobalt-Bismuth-Copper Project in the Northwest Territories. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates. Fortune also owns the Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life of the NICO Project mill.

For further information please contact:

Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel.: (519) 858-8188
www.fortuneminerals.com

Troy Nazarewicz, CIM, CPIR
Investor Relations Manager
Fortune Minerals Limited
148 Fullarton Street, Suite 1600
London, Ontario, CANADA
N6A 5P3

info@fortuneminerals.com
Tel. 519-858-8188
Cel. 519-709-8489
www.fortuneminerals.com

NT4

Changes to resource acts mean greater transparency, public information – Cabin Radio

Changes to two resource acts in the Northwest Territories will improve transparency and increase information that will be made public.

Both the Petroleum Resources Act [PRA] and the Oil and Gas Operations Act [OGOA] saw similar evolutions under new legislative changes that updated acts the territory inherited from the federal government under devolution in 2014.

Menzie McEachern, the territory’s director of mineral and petroleum resources, said some of the biggest changes to both acts lay in the sharing of information.

“What it does is it puts the legislation on its head from a transparency, confidentiality perspective,” he said.

Read More: https://cabinradio.ca/43106/news/changes-to-resource-acts-mean-greater-transparency-public-information/

Feds acknowledge systemic racism on International Day of the World’s Indigenous Peoples – CKLB News

August 10, 2020

The federal government says the COVID-19 pandemic is highlighting issues of systemic racism facing Indigenous peoples.

The statement came as part of an announcement for the International Day of the World’s Indigenous Peoples which took place on Sunday.

“COVID-19 has further highlighted inequality and the systemic issues that must be addressed. We recognize that Indigenous peoples in Canada face systemic racism and discrimination,” says Carolyn Bennett, minister of Crown-Indigenous Relations, in a press release.

Bennett also highlighted certain initiatives the federal government is planning. This includes co-developing legislation to implement the United Nations Declaration on the Rights of Indigenous Peoples.

Read More: https://cklbradio.com/2020/08/10/feds-acknowledge-systemic-racism-on-international-day-of-the-worlds-indigenous-peoples/

Midwifery in Nunavut needs better recognition, viable training program – Nunatsiaq News

Recently departed Nunavut midwives faced racism and a lack of support, says former colleague

11 August 2020

A national association for Indigenous midwives says midwives and birthing centres in Nunavut need better support and funding if they’re to remain sustainable.

The birthing centre in Rankin Inlet recently closed. The Government of Nunavut said last week that prenatal care and birthing services for expectant mothers in the Kivalliq region have been temporarily suspended due to staffing shortages.

The recent departure of the centre’s two Inuit midwives, Catherine Connelly and Rachel Jones, prompted the closure. Both declined to speak to Nunatsiaq News but referred the newspaper to the National Aboriginal Council of Midwives.

Read More: https://nunatsiaq.com/stories/article/midwifery-in-nunavut-needs-better-recognition-viable-training-program/

Federal government pledges $5 million to northern Indigenous initiatives – Cabin Radio

CanNor will be investing nearly $5 million in 11 Indigenous projects across the three territories, a news release announced Sunday – International Day of the World’s Indigenous Peoples

Federal Minister of Economic Development, Mélanie Joly, said the investment will help Indigenous communities “seize opportunities…deliver important local projects…and [support them] on their path to self-sufficiency and prosperity.”

“True reconciliation means supporting Indigenous communities and businesses by providing opportunities for their success,” she said. “I’m excited to see the difference that this investment will make for Indigenous communities across the territories.”

“Indigenous small, and medium-sized businesses exemplify the ingenuity and drive that is at the core of the entrepreneurial spirit in Canada’s territories,” Larry Bagnell, Yukon’s MP, added.

Read More: https://cabinradio.ca/43063/news/federal-government-pledges-5-million-to-northern-indigenous-initiatives/

NU Governemnt: COVID-19 Department of Health Services update

Calling Ahead at Health Centres

Unless you are experiencing a medical emergency, please call your health centre first before going in. Describe your symptoms, and health care providers can conduct a telephone assessment and may schedule in-person appointments for appropriate care.

Wearing Masks at Health Centres

If you are presenting at a health centre with respiratory symptoms like coughing, sneezing, or a runny nose, please wear a mask. If you do not have a mask, please tell whoever receives you at the health centre of your symptoms, and they can provide you with one.

New Email for Travellers

A new email address has been established for Nunavummiut planning travel outside of the territory. All travellers must submit an Isolation Reservation Request Form to NUisolationreservations@nunavutcare.ca as soon as travel plans are known to ensure that the travel team can identify room availability and reserve stays in a designated isolation facility. More information can be found on the Department of Health website.

Isolation sites concern inbox

A new email address has been established to better address concerns and comments from clients completing 14-day isolation in the Isolation Sites in Southern Canada. The new email will take pressure off the COVID toll free line, patient relations and the CPHOtravelrequests inbox. The new email address is isolationrelations@gov.nu.ca.

Volumes

Total (All Isolation Locations)

Traveler Type

Guests in Isolation as Aug. 8

Medical Travel

146

Public

470

Total

616

Traveller repatriation summary:

Departure Date

# of Travellers from Isolation Sites

Aug. 8

9

Aug. 9

15

Aug. 10

90

Aug. 11

26

Aug. 12

52

Critical Worker Requests

As of Aug. 8, there are 3718 requests, 2087 of which are critical worker requests.

Request Status # %
Approved (includes critical and non-critical) 2900 78%
Denied 226 6.1%
Pending 51 1.4%
Common Travel Area Approved 541 14.6%
Total 3718 100%

Department of Health Services, August 4, 2020Calling Ahead at Health Centres

Unless you are experiencing a medical emergency, please call your health centre first before going in. Describe your symptoms, and health care providers can conduct a telephone assessment and may schedule in-person appointments for appropriate care.

Wearing Masks at Health Centres

If you are presenting at a health centre with respiratory symptoms like coughing, sneezing, or a runny nose, please wear a mask. If you do not have a mask, please tell whoever receives you at the health centre of your symptoms, and they can provide you with one.

New Email for Travellers

A new email address has been established for Nunavummiut planning travel outside of the territory. All travellers must submit an Isolation Reservation Request Form to NUisolationreservations@nunavutcare.ca as soon as travel plans are known to ensure that the travel team can identify room availability and reserve stays in a designated isolation facility. More information can be found on the Department of Health website.

Isolation sites concern inbox

A new email address has been established to better address concerns and comments from clients completing 14-day isolation in the Isolation Sites in Southern Canada. The new email will take pressure off the COVID toll free line, patient relations and the CPHOtravelrequests inbox. The new email address is isolationrelations@gov.nu.ca.

Read More: https://www.gov.nu.ca/health/news/covid-19-department-health-services-update

NT5

Inuvialuit Regional Corporation Contributes Funds to Support Student Learning

August 07, 2020

Inuvialuit Regional Corporation is using the recent Mastercard Foundation donation of $130,000 to partner with Beaufort Delta Education Council (BDEC) to purchase portable electronic devices for students in the Inuvialuit Settlement Region (ISR).

Funds were secured from Mastercard Foundation’s COVID-19 Resiliency and Recovery Program and then cooperatively allocated by Inuit Tapiriit Kanatami (ITK) to meet the immediate needs of students across Inuit Nunangat at this time while also making progress towards longest-held goals of equal and meaningful educational attainment.

“Supporting the academic endeavours of students is one of the steps in meeting IRC’s strategic goals to increase access to graduation, ease Post Secondary entrance, improve access to careers and ultimately boost capacity from within the Region.” IRC Chair and CEO Duane Smith offers additional confidence as, “IRC has been encouraged by e-learning initiatives including Northern Distance Learning Program piloted in Ulukhaktok and now offered throughout the North, as well as the possibility to achieve high school diplomas through IRC’s SunChild E-Learning Program.  The success means we know Inuvialuit can benefit quickly from basic connection and with access to computers for their participation in academic programs…”

Knowing there is a strong need for youth to have computers to use in reaching progressive curriculum, have research information available to them and to make connections with role models, we know it is especially important to reach out and encourage each student with this improvement right in their homes and in their own communities.

IRC is pleased to demonstrate our support for BDEC’s and IRC’s goal of proper internet access and adequate electronic devices to provide a basis for academic study.

IRC would additionally like to give acknowledgement to this generous example of the shared work and partnership needed from all sectors, to include government and business, in meeting the needs of students so that all children can attain their educational goals and participate equally.  IRC thanks the Mastercard Foundation for its contribution.

Inuvialuit Regional Corporation continues to look for and pursue other opportunities and initiatives to support all Inuvialuit students with the tools to succeed in their education.

NT5

Three Nunavut businesses receive share of $5M from federal government – Nunatsiaq News

10 August 2020

Qikiqtaaluk Business Development Corp., Saaku Investments Corp., Nunavut Fisheries among recipients

The federal government has announced how $5 million from its fund for Indigenous businesses will be spent in Nunavut.

The funding is administered through the Canadian Northern Economic Development Agency, also known as CanNor, which is based in Iqaluit.

Larry Bagnell, parliamentary secretary to Mélanie Joly, minister of economic development and minister responsible for CanNor, announced the spending in a news release issued on Monday, Aug. 9, which was the International Day of the World’s Indigenous Peoples.

Read More: https://nunatsiaq.com/stories/article/three-nunavut-businesses-receive-share-of-5m-from-federal-government/

Inuvialuit Regional Corporation marks the loss of Randal “Boogie” Pokiak

August 08, 2020

Inuvialuit Regional Corporation is remembering and honouring the life of Boogie Pokiak. Our thoughts at IRC go out to his family at this time and to the community of Tuktoyaktuk on all their recent losses.

Boogie will be known for a life of political activity defending the rights of Inuvialuit since the early days of C.O.P.E. in the 1970s and as strong participant in negotiations and land occupancy work leading to the IFA.

Randal Boogie Pokiak was the first Chair of the Inuvialuit Development Corporation.

He continued to speak to government officials and researchers, giving his time and showing persistence with them over the decades, and always took the opportunity to attend and participate fully in meetings to advance Inuvialuit interests.

Boogie remained strongly adamant about respect for traditional knowledge, and especially Inuvialuit harvesting rights and long argued for the role of traditional hunting, fishing and trapping in regional food security.  He cared deeply about Inuvialuit lands and the protection of our lands for this use. As recently as July, Boogie was educating a Federal Minister over teleconference about these issues.

He challenged us all to keep working hard and to improve our work. It is good to hear Boogie was also able to spend time on the land with family keeping up the proud work of traditional harvester during these recent seasons.

Randal Boogie Pokiak’s keen interest in Inuvialuit history, his strong belief in the possibilities for future generations of Inuvialuit along with insistence for cultural traditions and passing this knowledge on to youth … all his wisdom will be missed as we continue the work of implementing the Inuvialuit Final Agreement.

NT5

Government of Yukon shares feedback on student learning during the end of the 2019–20 school year

Yukon students, families and school staff were recently asked to share their experiences and perspectives with learning during the end of the 2019–20 school year. A summary of survey results is now available on engageyukon.ca.

The Government of Yukon asked students, families and school staff to share what worked well and what didn’t while face-to-face classes were suspended. The feedback from the survey will help identify which activities and supports were effective while students learned away from school and will support staff in planning learning opportunities and ongoing instruction for students for the 2020–21 school year.

Follow up surveys will also be conducted during the 2020–21 school year to check in on the effectiveness of learning activities and supports and to adapt learning opportunities as needed.

Thank you to the many students, families and school staff who took the time to share their thoughts with us about their experiences learning during the end of the 2019–20 school year. Hearing the perspectives of students, families and school staff will help to ensure we are meeting the needs of students and supporting educators as we adapt learning during the course of the pandemic.

Minister of Education Tracy-Anne McPhee

Quick facts

  • The survey was sent directly to students, families and school staff on July 15 and was available to complete online or by phone until July 22.
  • The survey was completed by 2,383 respondents, with participation from 1,944 parents, 231 students and 208 school staff.
  • Survey participants were asked about:
    • effectiveness of activities, supports and practices for learning;
    • effectiveness of communication between home and school;
    • access to technology and internet to support learning;
    • information and resources for school staff; and
    • suggestions for improvement.
  • The survey questions were developed with input invited from Yukon First Nations, school councils, the Association of Yukon School Councils, Boards and Committees, the Catholic Education Association of Yukon, the Commission scolaire francophone du Yukon and the Yukon Teachers’ Association.
  • The feedback from this survey and follow up surveys will be used in planning for the 2020–21 school year and on an ongoing basis throughout the school year to adapt learning activities and supports as needed.
  • Dates for the follow up surveys will be determined during the 2020–21 school year.

Contact

Matthew Cameron
Cabinet Communications
867-393-7136
matthew.cameron@gov.yk.ca

Kyle Nightingale
Communications, Education
867-336-0653
kyle.nightingale@gov.yk.ca

NT5

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