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Mining Stock News: Fortune Nickel and Gold (OTC: HTSC) Defines Strong Exploration Targets at its Property in Ontario, Canada

 

Rye Brook, New York - June 3, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Fortune Nickel and Gold Inc ("Fortune"), a wholly-owned subsidiary of Here To Serve Holding Corp. (OTC: HTSC), is pleased to announce completion of the induced polarization (IP) and total magnetic survey on its 100% owned Beck-Ottaway-Lennox property in the Timmins Mining Camp in northeast Ontario, Canada. This property is located 12 kilometers north of the world-class Crawford deposit.

The ground Induced Polarization (IP) survey on the northern section of Block B has outlined multiple northwest trending conductor anomalies that are coincident with moderate to strong total magnetic response. The linear conductor at Block B representing Anomaly-1 is potentially gold+/-base metal targets within the volcanics at the north-central portion of the property. The second and third zones (Anomaly-2 and Anomaly-3) encompassing the areas of Block A and Block C, consist of Crawford-style nickel sulfides within the mafic-ultramafic complex. The sub-surface geology at Beck-Ottaway property can support deposition of nickel and gold+/-base metal vein deposits. Refer to Figure 1 below.

The multiple conductors (Anomaly-1) targets at Block B ranges from 80-160m wide and characterized by moderate to high chargeability anomaly that is flanked by varying zones of resistivity low and modest resistivity high. These conductor zones appear to be near-surface and persistent at depth, trends northwest and open along the strike. Refer to Figures 2 and 3. This area would be a priority target due to favorable geology associated with a regional fault and volcanic sediment contacts.

The second and third conductors (Anomaly-2 and Anomaly-3) have moderate to high magnetic anomalies, which are coincident with electromagnetic (EM) conductors and mafic-ultramafic rocks. These geological features are typical at Canada Nickel's Crawford deposit.

In Block A, the first derivative total magnetic anomalies are traversed by NW and NE faults which are associated with mafic-ultramafic intrusions and EM anomalies. A historic hole (L25-1) near the interpreted fault structure has intersected massive sulfides (up to 40%) in the form pyrite-pyrrhotite+/-chalcopyrite. However, there were no reported assays on this drill hole. The Block C anomaly has a 1.2 km long moderate to high magnetic anomaly which are associated with mafic-ultramafic rocks, including an interpreted northwest-southeast trending electromagnetic (EM) conductor zone passing through the clusters of three (3) historic drillholes (B1 to B3) which hit variable widths of nickel sulphides mineralization grading up to 0.29% Ni. Fortune plans to soon drill priority targets within these areas.

Paul Riss, Fortune's President, stated, "The management is very pleased with the overall outcome of the different geophysical survey programs in outlining the spatial distribution of sulfides, silica alteration, and total magnetics response of the rocks at the Beck-Ottaway-Lennox Project. The results are truly encouraging and demonstrates the strong potential on our landholdings for defining another Crawford style nickel sulfide discovery in addition to gold and other base metals."

Figure 1: Beck-Ottaway-Lennox Property Geology Compilation Map

Figure 2: Beck-Ottaway IP Pseudosection Line 200mE

Figure 3: Beck-Ottaway IP Pseudosection Line 300mE

About Here To Serve Holding Corp. and Fortune

Here To Serve Holding Corp. maintains a portfolio of mineral properties and equity securities. Its subsidiary Fortune Nickel and Gold Inc. owns 182 mining cells in the Timmins mining camp in Ontario, Canada, which is highly prospective for battery-grade nickel along with gold and copper.

The subsidiary ICF Industries Inc. owns a diversified basket of minority positions in publicly traded equities. It receives these equity positions in exchange for marketing and financial reporting services.

ICF Industries Inc. also works with affiliate KRTL Biotech. A doctor at KRTL Biotech has MFDS approval to study psilocybin in South Korea with its team of doctors, chemists, and researchers to give people new and improved ways to heal.

Please call Investor Relations with any questions at 855-4NICKEL (855-464-2535) extension 1.

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as may, would, could, will, likely, except, anticipate, believe, intend, plan, forecast, project, estimate, outlook, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company's business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company's ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company's periodic disclosure statements. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

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