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FORTUNE MINERALS REPORTS SUCCESFUL NICO PILOT TESTS
Mar. 16, 2011 (Canada NewsWire Group) -- Addition of gravity, regrind and secondary flotat...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n Mar. 16, 2011 (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\nAddition of gravity, regrind and secondary flotation increases metal\n recovery to bulk concentrate and eliminates the need for cyanide\n facilities in the NWT \n\n\nIssued Capital: 107,219,427\n\n\nLONDON, ON, March 16 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune Minerals" or the "Company") is pleased to announce successful\n results for mini-pilot plant, gravity, and confirmatory flotation tests\n conducted at SGS Lakefield Research Limited ("SGS Lakefield") on\n samples of ores from the Company's 100% owned NICO\n gold-cobalt-bismuth-copper deposit in the Northwest Territories\n ("NWT").   The Company concluded that the addition of gravity, regrind and secondary flotation facilities at\n the Company's proposed NICO concentrator increases metal recovery\n during flotation and eliminates the need to construct cyanide leaching\n and smelting facilities in the NWT.  This mitigates the duplication of\n similar unit operations that are planned to be constructed at the\n Company's proposed Saskatchewan Metals Processing Plant ("SMPP") near\n Saskatoon where bulk concentrates from the proposed mine will be\n processed to high value metal products. Elimination of cyanide use at the concentrator will also reduce the\n potential for environmental impacts in the NWT related to tailings\n storage and effluent treatment, and the change is in keeping with...