Fortune has been working with Golder Associates Ltd. since 1997 conducting environmental baseline studies at NICO. Work has included aquatic, vegetation and wildlife biology surveys, hydrology, hydrogeology, geochemistry, meteorology and archaeology studies. Fortune has also been working with Rescan Environmental Services Ltd. to conduct socioeconomic and First Nation traditional use studies. Significant environmental test work has been carried out on the waste products that would be produced from the NICO process plant at SGS Lakefield Research Limited. Representatives of the Tlicho First Nation have participated in most of the work. Fortune expects to commence the Environmental Assessment and concurrent mine permitting for the NICO deposit in late 2006. The Company is also working with the Tlicho Nation and the Federal and Territorial governments on the upgrade of the winter road to an all-weather road to improve the infrastructure and social conditions in Tlicho traditional territory. Fortune is also working with NWT Power Corp. to upgrade the Snare hydro project to access lower cost grid power for the development.
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