Updated resource estimate at Mount Klappen

Fortune Minerals (FT-T) has an updated coal resource estimate for its 100%-owned Lost-Fox coal deposit 150 km northeast of Stewart, B.C.

Mining consultants Marston Canada calculated the Lost Fox deposit resource which is estimated to contain a measured 107.9 million tonnes and an indicated 109.5 million tonnes resulting in a demonstrated 217.4 million tonnes. Another 91.5 million tonnes are inferred.

The Lost-Fox deposit on the 150-sq.-km Mount Klappen coal property comprises numerous coal seams, 12 of which are considered potentially mineable. The 2004 resource is based on a new digital block model based on previous work, classified to 43-101 standards. In total 171 diamond and rotary drill holes (24,716 metres), 354 surface trench samples, test mining from 2 adits and a 200,000 tonne bulk sample from open pits (mined in 1985 and 1986) were used in the calculation.

The Mount Klappen property is underlain by interlaminated marine to transitional marine clastic sedimentary rocks. The coal seams are composed of anthracite and vary in thickness up to a maximum of 11.13 metres.

Several feasibility studies have been completed in the past however they do not conform to present standards. A new study is in the works.


Be the first to comment on "Updated resource estimate at Mount Klappen"

Leave a comment

Your email address will not be published.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.