Fortune Nickel and Gold acquires strategic lands in Ontario

“Drilling assessment reports from the Ministry of Northern Development and Mines has highlighted the presence of serpentinite-altered dunite-peridotite rocks with variable thickness (up to 118 ft) of fine disseminations of pentlandite-millerite-pyrite-magnetite, with grades ranging from 0.10 up to 0.30% Ni,” Fortune said in a media statement. “There has been no significant exploration on the property in the last 50+ years. The property has enormous blue-sky potential for nickel, base-metal and gold opportunities with multiple, near-surface, drill-ready targets.”

In the miner’s view, this acquisition complements and supplements its Gowan nickel project, which is located about 13 miles northeast of Timmins, Ontario. 

“As a result of our attentiveness to the actions of the federal reserve and their growing balance sheet of corporate high-yield debt and the threat of inflation in these uncertain times, we believe the best way to protect shareholder value from a falling dollar is to buy gold properties,” Paul Riss, Fortune’s CEO, said in the press release.