Fortune Nickel and Gold Inc. begins exploration on nickel property near Timmins
Another nickel-hunter has popped up in the Timmins area. Here To Serve Holding Corp says the company plans to expeditiously begin a work program on the Gowan property located in the Timmins region through its wholly owned subsidiary Fortune Nickel and Gold Inc. Tesla has put out the call for Canadian nickel miners to produce nickel sustainably and receive large supply contracts. Fortune management is moving forward quickly in response.
Fortune's property is 10 miles away from Canada Nickel's major nickel discovery. The Fortune property sample in an RCD hole contained 3.5% nickel, 1.3% copper plus precious metals over 27 feet vertically in 1975 and management believes the Gowan property is an extension of an anomaly that is of the same trend that is rich in nickel.
Fortune's Strategic Advisor, Charles Gryba, has put a work program in place that includes the following:
- Fly a detailed mag survey-50m spacing using a drone system.
- Re-drill the government RCD hole to obtain updated assays on nickel, platinum, palladium copper and gold.
- Fly a detailed EM and gravity survey or do 3 lines of IP survey.
- Conduct a moving loop electromagnetic survey or "MLEM" across the property to help speed up the exploration process. The new MLEM survey will integrate some fresh technology in the form of a high temperature superconducting quantum interference device or "SQUID." SQUID helps to minimize noise levels that originate from the conductive surficial cover so that the EM signal can penetrate deeper and at higher resolutions. SQUID can assist the operator to understand better what may be lurking below the surface.
- Diamond drill the 10 best targets.
Drilling permits will be applied for shortly.
According to Paul Riss, CEO of Fortune, "We intend to extensively explore and put a Gowan mine into production. The history of the property shows there is high grade nickel to be produced and with the expected huge demand by EV manufacturers for nickel we are excited to get to work on developing a sustainable nickel property that shareholders can be proud of. We are also excited about the exploration potential for gold mineralization found on the property in the 1975 RCD hole. I believe this property to be full of battery and precious metals. We plan to use the latest technology in evaluating the property and to complete the work program in a very expeditious manner."
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