Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, has provided the preliminary results from the field exploration program at its 22,000+ ha Gochager Lake Property. The program comprised mapping, prospecting, detailed soil geochemistry analysis and detailed in-field core analysis. Key highlights include the existence of good outcrop exposure within the mapped area, providing the opportunity to collect 50 outcrop samples for whole rock and geochemical analysis and 554 chip samples for pXRF scanning; mineralization of up to 20,647ppm Ni (2.06% Ni), 6,922ppm Cu and 1,295ppm Co, which was noted in pXRF scans of outcrop material; and identification of zones of magmatic sulphide Ni occurring with coincident elevated Cr (chrome), with Ni-tenors equal to and greater than those noted at the Gochager Lake deposit occurring to the north, southwest, and east of the deposit. The company noted that unique mineral assemblages, recognized in drill core (specifically elevated Cr [chrome]), occurring in close association with mineralized, variable textured gabbro, have been detected in surface outcrops in proximity to the Gochager Lake deposit and further along strike. According to the announcement, assay results for soils and rock samples are in early August. “The recently completed and very productive field program at the Gochager Lake property has provided new, high-quality data to continue to demonstrate the presence of a significant magmatic Ni-Cu-Co deposit at Gochager. We are very excited to confirm that the same unique geochemical signals recognized in drill core is occurring in outcrop, 200-400 meters along strike. This is confirmation of a very open magmatic system. It is also very encouraging to now recognize the ultramafic rocks we encountered in drilling to depths in excess of 400 meters sub-surface are also occurring on surface and with significant Ni-tenor values. This suggests that the ultramafic rocks occurring within and proximal to the Gochager Lake deposit, if sufficiently saturated with sulphide, have the potential to host separate Ni-Cu-Co deposits,” said Ian Fraser, CEO and VP Exploration, in the press release.
To view the full press release, visit https://ibn.fm/08HLq
About Fathom Nickel Inc.
Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market. The company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: the Albert Lake Project, a 90,000-plus hectare project that was host to the historic and past-producing Rottenstone deposit, and the 22,000-plus hectare Gochager Lake Project, which is host to an historic, NI43-101 noncompliant open pit resource consisting of 4.3 million tons at 0.295% Ni and 0.081% Cu2. For more information about the company, please visit 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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