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Fortune Nickel and Gold Inc. Identifies Drill Targets at its Gowan Mining Claims
Fortune Nickel and Gold Inc. Identifies Drill Targets at its Gowan Mining Claims.
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[{"type":"text","content":"RYE BROOK, NY / ACCESSWIRE / October 27, 2020 / Fortune Nickel and Gold Inc. ("Fortune"), a wholly owned subsidiary of Here To Serve Holding Corp. (OTC PINK:HTSC), has identified preliminary drilling targets to test multiple electromagnetic (EM) anomalies (conductors) at its Gowan Property in Timmins, Ontario. These easterly trending, conductive zones extend over several miles long, and are identified through airborne electromagnetic survey data. The high-grade, historical RC drill hole (FH-68) with intersection of 3.5% Ni and 1.25% Cu (till samples) sits on a conductor zone. Moreover, these conductors are not drill tested to bedrock depth, and are coincident at or along faults and or lithologic boundaries, which by analogy in Timmins Mining Camp, are excellent sites for significant NiCu(PGE) deposits.The Airborne Magnetics and EM survey data were available to the public through the Province of Ontario's Ministry of Northern Development and Mines and Ontario Geological Survey websites. Accompanying this news release are high resolution airborne magnetic maps showing the spatial distribution of NiCu(PGE) deposits / mines, and the close association of nickel sulphide deposits to ultramafic-mafic intrusions. The underlying geology at Crawford deposit and at Alexo-Dundonald mines are similar to Fortune's mining claims in Gowan Township, except the footprint of magnetic units are much larger plus it has several types of intrusive porphyries that also host large gold and copper systems.Fortune's CEO, Paul Riss, said "Canada Nickel has flown a modern deep EM survey, a detailed magnetics and a gravity survey over approximately 8 townships of property in Timmins. Their research gives us a head start on how we plan our exploration activities. Fortune is in process of sourcing for an airborne geophysical contractor to resurvey the property prior to the planned winter drilling in early 2021. A faster, cost-efficient alternative approach is to hire a consulting firm to re-process the old flight survey data from the government.Riss continued, "We are excited to perform a new survey with modern techniques. A new survey can see down 1,000 feet or more whereas the old survey may have only seen down 200 to 300 feet and in many areas may not have seen through the 150 foot thickness of overburden that is typical in t...