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Is There Any Reason Why Fortune Minerals (FTMDF) Stock Rose By 41% On Monday?

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A rise of 41.20% to $0.1700 was recorded by Fortune Minerals Limited (OTC: FTMDF) stock in the last session. Compared to its month-to-month performance of 86.81%, the FTMDF stock performance over the last week was 75.4%. Following news of geological surveys conducted recently, the Fortune Minerals stock marked its third straight rally.

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The surveys were carried out for what purpose?

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In the Northwest Territories, the Canadian mining company Fortune Minerals focuses on its NICO project to develop cobalt, gold, bismuth, and copper deposits. A land-based hydrometallurgical facility to convert NICO metal concentrates into metals can be developed by the FTMDF. Additionally, FTMDF has a near-surface copper-silver-gold deposit located 25 km north of the NICO Project, the Sue-Dianne Copper-Silver-Gold Deposit, which could be utilized as an addition to mill feed at the NICO Project.

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Fortune Minerals recently reported that Aurora Geosciences has carried out three-dimensional (3D) independent magnetic and induced polarization (“I.P.”) surveys that included the completion of ground magnetometer surveys east of the Northwest Territories last fall.

Outcome of the survey conducted:

For the next 13 holes of which 3200 meters should be drilled, FTMDF and Aurora recommend five high priority targets including:

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