Mining Stock News: Fortune Nickel and Gold (OTC Pink: HTSC) Identifies Drill Targets at Gowan Property in Ontario, Canada
Rye Brook, New York - February 14, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Fortune Nickel and Gold Inc ("Fortune"), a wholly owned subsidiary of Here To Serve Holding Corp. (OTC Pink: HTSC), is pleased to announce that it has completed the ground induced polarization (IP) and total magnetic survey on its 100% owned Gowan Project ("Project") in the prolific Timmins Mining Camp in Northeast Ontario, Canada. The Project is located at the core of the Abitibi Greenstone Belt, which contains some of the world's largest deposits of gold, copper, zinc, nickel, and platinum-group metals.
The ground IP survey has identified two significant conductor anomalies. The first zone (Anomaly A) is potentially a copper-zinc volcanogenic massive sulphides (VMS) target at the southeast portion of the property, and a second zone (Anomaly B) consists of Crawford-style nickel-copper sulphides within the ultramafic rocks. The Project is unique in that the geology can host porphyry related gold deposits in addition to nickel and VMS deposits. Refer to Figure 1.
The most coherent conductor (Anomaly A) at the southern end of the survey line has a dimension of about 350m x 130m and characterized by high chargeability anomaly that is flanked on the south and north by zones of resistivity low and a resistivity high. The conductor zone appears to be near-surface, trends northeast and open along the strike. This area would be a priority target due to favorable geological setting associated with a regional splay fault, volcanic sediment contact on an anticline, as well as proximity to Falconbridge historic hole (G15-03) located about 200m south of Anomaly A which reported mineral occurrences of copper and zinc in drilling.
The second conductor (Anomaly B) has a weak chargeability response that increased at depth. This anomaly correlates well with a moderate to high magnetics and a modest resistivity high that lies between two narrow resistivity low zones. Refer to Figures 2-4. The moderate to strong magnetic anomaly, which is indicative of underlying ultramafic rocks was detected across all three survey lines that extends about 400m from west to east, and on same trend with the high-grade historic RC hole FH-68 with 3.5% Ni and 1.25% Cu on a near surface basal till sample. Fortune plans to immediately drill the priority targets after the approval of the drilling permits from the Ministry of Energy, Northern Development and Mines.
Paul Riss, Fortune's President, commented, "We are extremely pleased with the result of the survey in outlining the concentration of sulphides, silica alteration, and magnetic response of the rocks at our Project. The correlation to historic mineral occurrences has expanded our knowledge base on the geology and mineralization in the area. We are now in an excellent position to optimize our drill hole planning and as well as the execution of future field programs."
About Here To Serve Holding Corp. and Fortune
Here To Serve Holding Corp. is a holding company with three operating entities. Its subsidiary Fortune Nickel and Gold Inc. is dedicated to the global acquisition, exploration, and development of mining properties in prolific nickel, copper, and gold jurisdictions. Fortune's goal is to mine metals that sustain the global economy and replace fossil fuels with low-carbon energy. Metals such as copper facilitate the generation, storage and transmission of electricity, and nickel is a key component in the batteries of electric vehicles. Fortune owns 183 mining claims that lie at the core of the Abitibi Greenstone Belt, which contains some of the world's largest deposits of gold, copper, zinc, nickel, and platinum-group metals. Nickel is a crucial battery metal in the electric vehicle supply chain.
Its subsidiary ICF Industries Inc. owns a basket of minority positions in publicly traded equities. It receives these equity positions in exchange for marketing and financial reporting services.
Its Transcendence Age Corp. subsidiary works with KRTL Biotech Inc. and its affiliates ("KRTL"). Their goal is to discover and distribute psychedelic medicines to medical treatment centers to alleviate suffering and improve health. KRTL has MFDS approval to study psilocybin and CBD in South Korea with its team of doctors, chemists, and researchers. The team has years of experience with research and development of custom formulations for CBD, terpenes and other cannabinoids, which they believe will allow them to fast track the production cycle.
Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 1.
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Source: Here to Serve Holding Corp.
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