Issue link: http://resourceworld.uberflip.com/i/1058321
32 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 1 9 CoEq). Higher grade mineralization occurs within the broader zones of mineraliza- tion, including 8.0 metres of 0.45% cobalt and 2.07% copper (0.65% CoEq). Several mineralized intersections occur in between the No Name and Waite zones, includ- ing 3.8 metres of 0.30% cobalt. Further drilling for an additional 300 metres along strike to the east of the current resource is planned to test extension of mineralization. Fortune Minerals Ltd. [FT-TSX; FTMDF-OTCQX] reported that the Canadian federal governments and the Northwest Territories (NWT) have accepted the company's environmental assessment approval for the Tlicho all-season road with modified measures developed together with the Tlicho government. The Tlicho road involves construction and operation of a permanent 97-km highway extending north from Highway 3 to the community of Whati, NWT. Fortune's 100%-owned NICO cobalt- gold-bismuth-copper project is 50 km north of Whati and the company has already received environmental assess- ment approval to construct a spur road from Whati to the mine site. Construction of the NICO Mine and concentrator is planned using the existing winter ice road, but all-season road access is required for mine operations in order to transport metal concentrates to a refinery for downstream processing to value-added metals and chemicals. Great Atlantic Resources Corp. [GR-TSXV; PRZCF-OTC; PH0-FSE] reports 75% optionee Explorex Resources Inc. [EX-CSE; EXPXF-OTC] has completed silt sampling at the Kagoot Brook cobalt- manganese-base metals project in New Brunswick. Historical work at Kagoot Brook delineated two drainages, 2 km apart, that exhibit remarkably high cobalt values, up to 6,000 parts per million in the silts. Drilling is planned. Great Atlantic is also exploring its South Quarry tungsten-lithium project in east-central Newfoundland. LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTC] is conducting Phase 2 dia- mond drilling programs for its Teledyne Cobalt and Glencore Bucke properties 6 km east-northeast of Cobalt. A surface exploration program is also underway on both properties to define more drill targets. At Glencore Bucke, a two-phase diamond drilling program of up to 4,000 metres is testing mineralization at the Northwest and Main zones, as well as testing addi- tional targets that may be generated from the surface exploration program, with the intent of completing a NI 43-101 resource estimate upon the completion of the program. At the Teledyne Cobalt property, a two- phase drilling program of up to 1,500 metres aims to extend known mineralization on the Main Zone, as well as test additional tar- gets that may be generated from the surface exploration program, also with the intent of BATTERY MINERALS CANADIAN COBALT DEVELOPMENT PROJECT • Rechargeable batteries driving cobalt demand • $130 million invested, Feasibility Study, test mined, pilot plants completed, and EA approvals • Working to secure off-take agreements and financing to start construction TSX:FT | OTCQX: FTMDF fortuneminerals.com Investor Contact: 519-858-8188 Ext. 114 FortuneAD-November2018.qxp_Layout 1 2018-11-02 2:42 PM Page 1