Rye Brook, New York--(Newsfile Corp. - February 14, 2022) - Fortune Nickel and Gold Inc ("Fortune"), a wholly owned subsidiary of Here To Serve Holding Corp. (OTC Pink: HTSC), is pleased to announce that it has completed the ground induced polarization (IP) and total magnetic survey on its 100% owned Gowan Project ("Project") in the prolific Timmins Mining Camp in Northeast Ontario, Canada. The Project is located 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.
The ground IP survey has identified two significant conductor anomalies. The first zone (Anomaly A) is potentially a copper-zinc volcanogenic massive sulphides (VMS) target at the southeast portion of the property, and a second zone (Anomaly B) consists of Crawford-style nickel-copper sulphides within the ultramafic rocks. The Project is unique in that the geology can host porphyry related gold deposits in addition to nickel and VMS deposits. Refer to Figure 1.
The most coherent conductor (Anomaly A) at the southern end of the survey line has a dimension of about 350m x 130m and characterized by high chargeability anomaly that is flanked on the south and north by zones of resistivity low and a resistivity high. The conductor zone appears to be near-surface, trends northeast and open along the strike. This area would be a priority target due to favorable geological setting associated with a regional splay fault, volcanic sediment contact on an anticline, as well as proximity to Falconbridge historic hole (G15-03) located about 200m south of Anomaly A which reported mineral occurrences of copper and zinc in drilling.
The second conductor (Anomaly B) has a weak chargeability response that increased at depth. This anomaly correlates well with a moderate to high magnetics and a modest resistivity high that lies between two narrow resistivity low zones. Refer to Figures 2-4. The moderate to strong magnetic anomaly, which is indicative of underlying ultramafic rocks was detected across all three survey lines that extends about 400m from west to east, and on same trend with the high-grade historic RC hole FH-68 with 3.5% Ni and 1.25% Cu on a near surface basal till sample. Fortune plans to immediately drill the priority targets after the approval of the drilling permits from the Ministry of Energy, Northern Development and Mines.
Paul Riss, Fortune's President, commented, "We are extremely pleased with the result of the survey in outlining the concentration of sulphides, silica alteration, and magnetic response of the rocks at our Project. The correlation to historic mineral occurrences has expanded our knowledge base on the geology and mineralization in the area. We are now in an excellent position to optimize our drill hole planning and as well as the execution of future field programs."
Figure 1. Gowan Property Geology Compilation Map
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7642/113700_c0c7be47141d59df_002full.jpg.
Figure 2. Gowan IP Pseudosection Line 150mW
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7642/113700_c0c7be47141d59df_003full.jpg.
Figure 3. Gowan IP Pseudosection Line 0m
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7642/113700_c0c7be47141d59df_004full.jpg.
Figure 4. Gowan IP Pseudosection Line 120mE
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/7642/113700_c0c7be47141d59df_005full.jpg.
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. Metals such as copper facilitate the generation, storage and transmission of electricity, and nickel is a key component in the batteries of electric vehicles. Fortune owns 183 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. Nickel is a crucial battery metal in the electric vehicle supply chain.
Its subsidiary ICF Industries Inc. owns a basket of minority positions in publicly traded equities. It receives these equity positions in exchange for marketing and financial reporting services.
Its Transcendence Age Corp. subsidiary works with KRTL Biotech Inc. and its affiliates ("KRTL"). Their goal is to discover and distribute psychedelic medicines to medical treatment centers to alleviate suffering and improve health. KRTL has MFDS approval to study psilocybin and CBD in South Korea with its team of doctors, chemists, and researchers. The team has years of experience with research and development of custom formulations for CBD, terpenes and other cannabinoids, which they believe will allow them to fast track the production cycle.
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.
Source: Here to Serve Holding Corp.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113700
