- Fathom Nickel’s sprawling Gochager Lake Project covers 22,000+ hectares in the metal rich Trans-Hudson Corridor in Saskatchewan, Canada
- Located on the west side of the property about 10 kilometers from the Gochager deposit, the Mal Lake tenure hasn’t been explored since 1967; Fathom just re-evaluated available historic drill core
- The findings suggest similarities in nickel tenor, nickel-to-copper ratio, and even the source magma type between Mal Lake and Gochager Lake, hinting at a potential magmatic conduit system
Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is pointing towards a bright future for its Gochager Lake property, thanks to recent core reviews at the nearby Mal Lake nickel occurrence. A recent press release highlights the exciting potential of the newly acquired Mal Lake tenure and its possible connection to the Gochager Lake deposit, both of which are part of Fathom’s more than 22,000-hectare Gochager Lake project in the Trans-Hudson Corridor in Saskatchewan.
Mal Lake’s Hidden Potential
The Gochager Lake Project is host to a historic, NI 43-101 non-compliant open pit resource consisting of 4.3 million tons at 0.295% nickel (Ni) and 0.081% copper (Cu). Mal Lake nickel occurrence is located on the eastern portion of the project, about 10 kilometers from the historic deposit.
Mal Lake hasn’t been explored since 1967. However, the historic Mal Lake drill core is available through the Saskatchewan Ministry of Energy and Resources’ Precambrian Geological Laboratory in La Ronge, SK. Recently, Fathom took a closer look at the drill core. Re-evaluation revealed significant zones of nickel-copper-cobalt mineralization.
This data suggests similarities in nickel tenor, nickel-to-copper ratio, and even the source magma type between Mal Lake and Gochager Lake.
Exploration Plans: Investigate Similarities
The close proximity (10km) and geological similarities between Mal Lake and Gochager Lake suggest a potential link between the two. Fathom plans to drill Mal Lake during the next winter program, considering it a drill-ready target.
The jump to drilling is based on several key findings in the drill core:
- Portable X-ray Fluorescence (“pXRF”) analysis of the Mal Lake core revealed zones with high nickel (over 10,000 ppm), copper, and cobalt (over 1,000 ppm) mineralization. Importantly, cobalt wasn’t analyzed during the original 1967 drilling
- Nickel-to-sulfur (Ni/S), nickel-to-copper (Ni/Cu), and nickel-to-cobalt (Ni/Co) ratios from Mal Lake pXRF data closely resemble those from Gochager Lake assays
- This similarity in ratios suggests both areas may have originated from the same magma source, potentially forming part of a larger magmatic conduit system
The proximity of Mal Lake and Gochager Lake hints at the existence of additional mineralized intrusions within the vast Gochager Lake property. Fathom believes the 2008 VTEM data speaks to the possibility of a controlling structure hosting these intrusions.
Unlocking the Blue-Sky Potential
This discovery opens doors for exploring a much larger area with significant potential for additional nickel deposits. By analyzing geophysical data, Fathom aims to identify more intrusions along the same magmatic conduit system.
This paves the way for substantial resource expansion at Gochager Lake and the discovery of new mineralized zones. Overall, Fathom Nickel’s exploration efforts at Mal Lake are shedding light on the immense potential of the Gochager Lake property. The company’s data-driven approach and planned drilling activities position them well to unlock the blue-sky potential of this exciting region.
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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