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FORTUNE MINERALS ANNOUNCES ADDITIONAL HIGH-GRADE INTERSECTIONS FROM THE NICO SUMMER DRILL PROGRAM
FORTUNE MINERALS ANNOUNCES ADDITIONAL HIGH-GRADE INTERSECTIONS FROM THE NICO SUMMER DRILL PROGRAM
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\n Dec. 3, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIssued Capital: 105,816,686\n\n\nLONDON, ON, Dec. 3 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune" or the "Company") is pleased to announce the results for the\n remaining 27 holes from the 37-hole summer drill program at its 100%\n owned NICO gold-cobalt-bismuth-copper deposit in the Northwest\n Territories.  NICO already contains Mineral Reserves of 31 million\n tonnes, averaging 0.91 g/t gold, 0.12% cobalt, 0.16% bismuth and 0.04%\n copper, containing 907,000 ounces of gold, 82 million pounds of cobalt,\n 109 million pounds of bismuth, and 27 million pounds of copper (see\n Fortune news release, dated January 14, 20101).  Additional drilling was completed this summer to test for extensions\n to the known deposit where it was locally open for expansion near the\n surface, at the deposit ends, and also at depth.  In particular, the\n gold-rich central core of the deposit was open for possible extension\n to depth and also between some broad spaced drill hole intersections.  The Company is very pleased to report that this drilling was successful\n in extending the deposit, and the latest results include high-grade\n intersections up to 35.90 g/t gold, 1.23% cobalt and 1.24% bismuth\n within larger lower grade intervals.  The results of all 37 drill holes are now being reviewed by P&E Mining\n Consultants Inc. ("P&E") to assess their impact on the known M...