General Factsheet

Fortune Nickel and Gold Inc (FNGI) has acquired a large strategic land position to leverage the Company to the price of Nickel – Cobalt, PGM and Gold in Timmins Camp - Abitibi Greenstone Belt.  The Company’s goal is to unlock unique exploration opportunities and advance its two Flagship Projects, the Gowan Ni-Cu-Zn, and the Beck-Ottaway Ni-Co-Au Projects.

Company Strategy:

1. To Identify, acquire, and develop mineral rich assets in the Timmins Region.

2. To advance our assets in a strategic and cost-effective manner.

3. To focus on superior returns for our shareholders through the exploration.

Company Vision:

We are actively pursuing to make the next Nickel-Base Metal Mine Discovery in the Timmins Region.

Company Management:

Led by industry experienced, corporate, finance and mining managers who are heavy insiders of the Company.

Nickel Outlook:

• The global nickel market is likely to tighten next year.

• Nickel market is tightly balanced, with global inventories falling to multi-year lows.

• Long Term Demand is slated to grow at 3% per year through 2025.

• Demand for nickel battery market will reshape the nickel industry over the next decade, while stainless steel continues to grow.

Gold Outlook:                       

• Credit Suisse expects Gold to keep moving upwards and average $2,100/ounce in 2021, peaking at $2,200/ounce in July-September (3rd Quarter).

 

Flagship Project – Gowen Project

 

Strategic Location:

Timmins Mining Camp lies at the heart of the Abitibi greenstone belt, which contains some of the world's largest deposits of gold, silver, copper, zinc and nickel as well as platinum group metals and Industrial minerals such as talc.

6 mi north of Glencore’s Kidd Mine Met Site - The deepest base-metal mine in the world. The mine complex has produced over 150 million tons of copper-zinc ore.

15 mi north East from the City of Timmins – Timmins Gold Camp has produced over 75 million ounces of gold and hosted many economic deposits and mines.

 

Property Size:

This project is located at Gowan Townships and is comprised of 102 unpatented, mining claims (about 5100 acres) of prospective land package which highlights nickel, cobalt, PGM, base-metal and gold opportunities.

 

Geology and Mineralization

The Gowan Property is underlain by Gowan Intrusion Complex (“GIC”) consisting of ultramafic, mafic- intermediate and felsic metavolcanic and clastic metasedimentary rocks that have been intruded by ultramafic, mafic and bimodal felsic intrusions. This geological setting potentially hosts world-class nickel sulphide deposits (i.e. Crawford) and Base-metal VMS deposits (i.e. Kidd Creek) in Timmins Camp.

Drilling assessment reports from the Ministry of Northern Development and Mines in Ontario Province has highlighted an impressive, high-grade, RC drill hole (FH-68) with known intersection of 27ft at 3.5% Ni and 1.25% Cu from millerite-bearing basal till samples. Multiple zones with anomalous copper-zinc mineralization in the form of semi-massive-disseminated pyrite-chalcopyrite-sphalerite veins were also intersected in ancient drill holes at the south east and western sections of the property. Hole FH-68 including the drillholes with base-metal mineralization sits on top of an electromagnetic anomaly (conductor) which was previously identified from Ontario Geological Survey (OGS) Geophysical Airborne EM survey. These linear conductors were not drill tested to bedrock depth and are also coincident at or along faults/shears and or lithologic boundaries, which by analogy in Timmins Camp, are excellent sites for significant Ni-Cu-(PGE) deposits.

There has been no significant exploration activity on the property making it an exciting exploration target with enormous blue-sky potential for nickel, base-metal and gold opportunities.

 

Proximity to World Class Deposits:

The Gowan Project is near and within the same geological /structural trend with the Alexo-Dundonald Ni-Cu Mine / Deposit to the east and the Kidd Creek Mine Complex - The deepest base-metal mine in the world to the west, which makes it exciting and valuable exploration target.

Infrastructure: 

The Timmins Camp is a great mining region with readily available infrastructure, including Mill / Ore Processing Facilities, Mine Services and road access.  The property is accessible via existing road and trails and can be explored through out the year.  All the necessary components are within reach to assist in the advancement of the project.

Work Programs:

Fortune Nickel and Gold Inc. is currently undertaking a financing round to explore and advance the Gowan Project which hosts mineral resources in nickel – cobalt - PGM with potential for base-metal and gold. 

Planned works include review of ancient geophysical and geology datasets, and fly modern, deep-seated, airborne EM -Gravity survey prior to drill testing the metal anomalies. 

 

Key Takeaways:

• Compelling huge land position that has strong potential for multiple metallic commodities.

• Robust Exploration Potential - Tier 1 Nickel Project, 100% owned, Proactive government support. Direct Exposure to Nickel.

• Geophysical Airborne Survey Interpretation has identified potential drill-ready targets.

• Scalability - Potential to develop a staged nickel business with production potential.

• Favorable mining culture and excellent infrastructure in the regions.

• Strong management and technical team to accelerate and advance the Project to the next level