Fortune ups Sue-Dianne resource

Further drilling at the Sue-Dianne project near Mazenod Lake, N.W.T., has expanded the resource in the copper deposit.

Operator Fortune Minerals (FT-T), which is earning a 50% interest in the project from Noranda (NOR-T), now reports a resource of 13.5 million tonnes, grading 0.78% copper, 3.8 grams silver and 0.07 gram gold per tonne, up from the 8 million tonnes grading 0.8% copper that Noranda had calculated in the 1970s. The calculation used a cutoff grade of 0.25% copper.

The resource includes 8.7 million tonnes classified as measured or indicated, grading 1% copper, 4.3 grams silver and 0.09 gram gold, with a cutoff grade of 0.5% copper.

At the Nico claims, about 20 km to the southeast, Fortune has delineated a resource of 70 million tonnes at the Bowl zone, grading 0.53 gram gold, 0.07% bismuth, 0.07% cobalt, 0.07% copper and 0.03% tungsten oxide.

Work will resume in the coming weeks, with two drills working on resource delineation at Nico and Sue-Dianne, and a third testing other targets on both claim groups.