Fortune Nickel and Gold Inc. Identifies Drill Targets at its Gowan Mining Claims

Rhea-AI Summary

Fortune Nickel and Gold Inc. has identified preliminary drill targets to explore multiple electromagnetic anomalies at its Gowan Property in Timmins, Ontario. Historical data shows a significant drill hole intersection of 3.5% Ni and 1.25% Cu. The company plans to conduct modern surveys to enhance exploration efficiency, with a winter drilling program anticipated in early 2021. Fortune aims to capitalize on rising demand for nickel as the EV market grows, believing the Gowan property may yield high-grade nickel deposits to boost shareholder value.

Positive

• Identified preliminary drilling targets at Gowan Property indicating potential for high-grade nickel deposits.
• Historical drill hole shows significant intersections of 3.5% Ni and 1.25% Cu, enhancing exploration prospects.
• Plans for modern deep EM surveys may increase exploration efficiency and depth of analysis.
• Management believes Gowan may significantly enhance shareholder value due to high-grade nickel potential.

Negative

• None.

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 the area. The survey results will direct Fortune's exploration and drilling plans on the ground towards the next level of discovery."

Fortune management believes the Gowan property will offer some of the highest-grade nickel in North America. Company geologists believe the Gowan property may be a powerhouse nickel mine. Management hopes that the Gowan project will bring a tremendous increase in shareholder value as technology further proves high-grade nickel is prevalent throughout the property.

About Here To Serve Holding Corp.

Here to Serve Holding Corp. operates as several entities: Fortune Nickel and Gold Inc., ICF Industries Inc. ("ICF") and Executive Industries, which operates as a division of ICF.

Fortune intends to become a player in the exploration and production of nickel, gold and other precious metals internationally. The company is focused primarily on nickel exploration as the battery metals are projected to explode in the coming years along with the EV market. The company's core mission is to supply the major nickel contracts awarded by the largest EV manufacturer in the world.

ICF is a distribution, consulting and sales corporation designed to supply construction material throughout North America. ICF has contracts to distribute a diverse array of industrial products such as stuccoes, plasters, insulated concrete forms, from strategically designated vendors.

Executive Industries offers corporate advisory, consulting and marketing services to both public and privately-owned companies. Executive Industries helps entities with corporate strategy, negotiation, corporate structure, marketing and executive management decisions.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT:

Investor Relations
855-4NICKEL
855-464-2535

SOURCE: Here To Serve Holding Corp.

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FAQ

What are the drilling targets identified by HTSC at the Gowan Property?

HTSC's subsidiary has identified preliminary drilling targets to explore multiple electromagnetic anomalies at the Gowan Property in Timmins, Ontario.

What nickel grades were found in historical drilling at HTSC's Gowan Property?

Historical drilling at the Gowan Property showed a significant intersection of 3.5% nickel and 1.25% copper.

When is the planned drilling at the Gowan Property by HTSC?

HTSC plans to conduct winter drilling at the Gowan Property in early 2021.

How does HTSC plan to enhance exploration efficiency at Gowan?

HTSC plans to conduct modern deep EM surveys to enhance exploration efficiency and depth of geological analysis.

What does HTSC believe about the potential of the Gowan property?

HTSC management believes the Gowan property could yield some of the highest-grade nickel in North America and significantly increase shareholder value.