The Fortune quartzite deposit is found in the Avalon Zone of the Appalachian Orogen and occurs in the Eocambrian to Cambrian Random Formation.
The Random Formation hosts the quartzite deposits which are intermittently exposed from the seashore 1.6 km north of Fortune to the seashore at Petuck Point, 20.32 km to the southwest.
In late 1965, the Fortune quartzites were investigated and chip sampled by the Department of Mines and Energy. In 1966, detailed mapping and nine holes were drilled to examine the quantity and quality of the thick quartzite exposures.
Several deposits have been noted and representative sampling is considered to be complete only on deposit No. 1 .
A tonnage figure of 8,036,020 tonnes has been calculated and the weight grades for the total tonnage is:
SiO2 96.37%
Al2O3 1.53%
Fe2O3 0.49%
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