Ferro-alloys.com:Fortune Nickel and Gold, a wholly-owned subsidiary of Here To Serve Holding, announced that it has acquired a strategic land in Ontario, which is located throughout Canada. Some important nickel and other metal deposits have been discovered for nickel.
In detail, the company is located about 18 miles northwest of Crawford Township and acquired 75 unpatented mining rights covering 3,750 acres. According to "Fortune" magazine, as early as 1965, three holes were drilled in the mine and intersected obvious nickel and gold anomalies.
The Drilling Evaluation Report of the Northern Ministry of Development and Mines highlights the presence of serpentine-altered gyros-peridotite-peridotite rocks, which vary in thickness (up to 118 feet) and have good dispersibility. The range of pyroxene action varies upward from 0.10. The nickel content is 0.30%. "Fortune" magazine said in a media statement.
"In the past 50 years, there has been no major exploration of the property. The mineral has great blue sky potential, which can provide opportunities for nickel, base metals and gold, and has multiple near-ground, ready-to-drill targets."
The miner believes that the acquisition is a supplement to the Gowan nickel project, which is located about 13 miles northeast of Timmins, Ontario.
"Because we are concerned about the actions of the Federal Reserve and the growing company's high-yield bond balance sheet, as well as the threat of inflation during these uncertain times, we believe that the best way to protect shareholder value from the decline in the dollar is to buy gold properties, "Fortune CEO Paul Riss said in a press release.
- [Editor:zhaozihao]
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