- FNICF’s recent drill program at Gochager Lake deposit showed significant high-grade mineralization
- Historical exploration at Gochager Lake in the 1960s set the stage for modern drilling, revealing high-grade nickel, copper, and cobalt mineralization
- FNICF completed 16 drill holes totaling 5,543 meters, defining a mineralized gabbro unit over 300 meters along a strike and exceeding 400 meters vertically
- FNICF also operates Albert Lake project, former site of the Rottenstone Mine
- Exploration activity at Albert Lake shows promising mineralization, part of a larger magmatic nickel system
Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Canadian natural resource development and exploration company targeting high-grade nickel sulfide discoveries, recently announced significant high-grade mineralization results from its drill program at the historic Gochager Lake deposit https://ibn.fm/T1kKx.
“We have now gained a much better understanding of the potential of the Gochager Lake deposit,” said Ian Fraser, CEO and VP of Exploration. “We now recognize the emplacement of the Gochager Lake intrusion as a multi-phased, complex, chaotic, and open magmatic process; descriptors of many of the world’s operating magmatic nickel sulphide mining camps.”
The Gochager Lake Project is a key component of Fathom’s strategy to meet the increasing demand for critical minerals essential to the electric vehicle and renewable energy sectors. Spanning 22,000 hectares in Saskatchewan’s resource-rich Trans Hudson Corridor, the project has been expanded due to its significant exploration potential. Historical exploratory work dating back to 1967 laid the groundwork for Fathom’s modern drilling campaigns, which have revealed promising high-grade nickel, copper, and cobalt mineralization.
FNICF’s Gochager drill program has successfully expanded the deposit in all directions and to depth, revealing promising new mineralization patterns. To date, the company has completed 16 drill holes totaling 5,543 meters. This work has defined a mineralized gabbro unit containing interstitial disseminated magmatic pyrrhotite, pentlandite, and chalcopyrite, spanning approximately 300 meters along a northeast-southwest strike and exceeding 400 meters vertically, with potential for expansion in all directions. The unit is intersected by semi-massive to massive sulphide veins and stringers that align within vertically oriented chutes. Both the massive and disseminated sulphides exhibit similar sulphide mineralogy, with a consistent nickel tenor of 3-4% and comparable sulphide chemistry.
“When we acquired the Gochager Lake project in September 2022, we hypothesized that high-grade, nickel-copper-cobalt mineralization was confined to steeply oriented chutes and thus, the historic vertical drilling quite simply missed this steep geometry and the high-grade nickel mineralization contained within the deposit,” said Mr. Fraser. “Our decision to approach drilling utilizing variable inclined drillholes but each with a consistent azimuth has allowed us to better define the semi-massive to massive sulphide zones and to better understand the controls and geology of the deposit.”
FNICF additionally operates the Albert Lake project in Saskatchewan’s Trans Hudson Corridor. Albert Lake is the historic site of the Rottenstone Mine which produced 26,000 tons of high-grade ore in the 1960s with 3.28% nickel, 1.83% copper, and 9.63 g/t of platinum, palladium, and gold. Fathom Nickel’s ongoing drilling in the area has revealed similar promising mineralization patterns, suggesting that Rottenstone is part of a larger magmatic nickel system with extensive potential yet to be explored.
Ian Fraser and the FNICF team collectively offer decades of expertise in mining exploration, development, and operations, with a specific focus on magmatic nickel sulfide deposits. As the demand for nickel by the growing EV and green energy industries continues to rise, FNICF’s ongoing exploration and development projects are poised to meet the growing needs of the market.
For more information, visit the company’s website at www.FathomNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF
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