$HTSC PRNewswire/ -- Fortune Nickel and Gold Inc.
Post# of 37118
Three salient recommendations noted in the report are as follows:
Re-drill the borehole (FH-68) and drill test the five best geophysical anomaly targets. A review of historical drillhole datasets coupled with various government geological and geophysical airborne magnetic and electromagnetic map layers at the Gowan property (and vicinity) has resulted in the identification of preliminary drilling targets composed of multiple linear, easterly trending, electromagnetic anomalies (conductive zone) that extend over several miles long across the property where Fortune holds the mining claims.
Perform a detailed review of the historical drill hole data that includes the overburden drilling results and the variation in paleo-topography.
Previous drilling reports have confirmed semi-massive to disseminated base precious metals, including gold, silver, copper and zinc mineralization hosted in ultramafic rocks at the contact with felsic metavolcanics and intrusive rocks in central Gowan Township. The bimodal ultramafic and felsic intrusive-volcanic suite in the Gowan property is similar to that at the Giant Kidd Creek Mine and offers an exciting exploration target for precious metals as well the high-grade nickel that Fortune seeks to supply to the high-growth electric vehicle ("EV" market. Tesla recently projected an 86-fold increase in battery production this decade that would allow Tesla to produce 20 million EVs by the year 2030.
Fortune's CEO, Paul Riss, said "I am pleased to announce that the completed review of historical and present datasets for our Gowan property is immensely exciting as it has highlighted the strong potential of the area for large amounts of gold, zinc and copper, as well as a massive nickel find. This property is well diversified in base and precious metals as well as battery metals. We continue to move expeditiously through the exploration phase of the Gowan property."