Business
Fortune Minerals Concludes Arctos Summer Environmental Assessment Field Work
Issued Capital:  150,526,976 LONDON, ON , Oct. 8, 2013 /CNW/ - Fortune Mineral...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\nIssued Capital:  150,526,976\n\n\nLONDON, ON, Oct. 8, 2013 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) has concluded its 2013 summer field work at the Company's Arctos\n Anthracite metallurgical coal project site in northwestern British\n Columbia (\"BC\"). On September 23, 2013, following several weeks of\n drilling and environmental surveys and monitoring, the Company\n announced its withdrawal of drilling equipment and camp facilities from\n the area in order to support a new course of mediation between the\n Government of British Columbia and the Tahltan Central Council (see\n Fortune News Release dated September 23, 2013). This withdrawal is now\n substantially complete, and only periodic helicopter-supported\n environmental monitoring and maintenance will continue to take place\n during the mediation.\n\n\n\"Fortune Minerals is stepping back to allow the BC and Tahltan\n Governments the space they need to engage in a constructive mediation\n process that peacefully resolves the issues that have impacted work in\n and around our Arctos project site,\" said Robin Goad, President and CEO\n of Fortune Minerals. \"We have taken this measure to allow the two\n parties to discuss land and resource management issues without the\n pressure of protests taking place on or near our site.\"\n\n\nFortune's work to date at the Arctos project site has involved a limited\n amount of drilling to gather geochemical and geotechnical information\n along with archeological exploration and wildlife surveys that will be\n used in the BC Government's Environmental Assessment (\"EA\") of the\n proposed project. All of Fortune's work has been duly authorized by\n permits issued by the BC Government.\n\n\n\"Right now, Fortune's goal is to do everything required to support a\n comprehensive, fair and open BC EA process. It will evaluate the Arctos\n Anthracite Project's merits and impacts, taking into account\n environmental, social and other values, including Traditional\n Knowledge,\" said Goad. \"The EA process provides opportunities for all\n voices with an opinion about the proposed project to be heard.\"\n\n\n\"We have worked closely with the province of BC in determining this\n course of action, which comes with cost and delay for our Company. We\n therefore loo...