Home > News > Fortune Nickel and Gold...

Fortune Nickel and Gold Completes High Resolution Drone Magnetic Surveys that Identify New Priority Targets at Beck-Lennox Properties in Northeast Ontario

May 5, 2022

Fortune Nickel and Gold Inc ("Fortune"), a wholly-owned subsidiary of Here To Serve Holding Corp. (OTC Pink: HTSC), is pleased to announce the results of the recently completed low-altitude, high-resolution drone magnetic surveys of its 100% owned Beck-Ottaway-Lennox Properties, located 12 kilometers north of the world-class nickel sulfide Crawford Deposit in Timmins, Ontario.

The magnetic surveys covering a grid total of 22-line kilometers on select areas in the townships of Lennox (Block A) and Beck (Block C) have confirmed potential exploration targets associated with moderate to high-magnetic anomalies, coincidental with electromagnetic (EM) conductors within mafic-ultramafic rocks. These salient geological features are seen at the Crawford Deposit of Canada Nickel Company. 

The resulting 1st derivative magnetics in the Lennox Property consist of cluster of moderate to high magnetic response on the central and southeast corner of Block A. These magnetic anomalies apparently are traversed by northwest and northeast faults and are coincident with northwest-southeast trend mafic-ultramafic intrusions, and electromagnetic (EM) conductors. A historical drillhole (L25-1) near the interpreted fault structure has intersected massive sulfides (up to 40%) showings composed of pyrite-pyrrhotite+/-chalcopyrite. There were no reported assays on the drill hole. This area would be a priority target due to favorable geological - geophysical setting associated with a regional fault and the volcanic-sediment contact.

A 1.2 km long moderate to high magnetic anomaly was also confirmed in Beck Property occupying the north to southeast section of Block C. The location of magnetic anomalies are overlapping with the underlying 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 intersected variable widths of nickel sulphides mineralization grading up to 0.29% Ni. Fortune plans to immediately arrange to drill priority targets within this area.

Paul Riss, Fortune's President commented, "We are very pleased with the drone survey results in outlining the magnetic anomalies in the rocks. The high magnetic zones within mafic-ultramafic rocks coupled with overlapping electromagnetic (EM) conductors in previously drilled nickel sulfide mineralization have proven the upside potential of the property to contain another Crawford Style nickel sulfide mineralization. We are now in an excellent position to plan and implement our 2022 surface exploration as well as identifying a priority diamond drilling program."

Image removed.

Figure 1. Beck Ottaway Property Geology with Select Drone Magnetics Survey Results

To view an enhanced version of Figure 1, please visit:

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. These metals include copper, which facilitates the generation, storage and transmission of electricity, and nickel, that is rapidly growing as a crucial component in the latest batteries for electric vehicles. Fortune owns 182 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.

Tags: Northern Ontario / Exploration / Metals / All Articles