- Fathom Nickel (FNI) has received the Gochager Lake exploration permit
- The company is currently mobilizing field crews to commence the Q1-2023 exploration program, with drilling scheduled to begin on February 10
- The Gochager Lake Project hosts disseminated, massive sulphide nickel-copper-cobalt mineralization
- In addition, exploration at Albert Lake has commenced
- Fathom Nickel Inc. is an exploration company that targets magmatic nickel sulphide discoveries to support the fast-growing global electric vehicle market
- Fathom Nickel Inc. opened trading at $0.06
Fathom Nickel (FNI) has received an exploration permit for the Gochager Lake Project.
As a result, the company is currently mobilizing field crews to commence the Q1-2023 exploration program, with drilling scheduled to begin on or about February 10.
The Gochager Lake Project hosts disseminated massive sulphide nickel-copper-cobalt mineralization.
For the first time in the history of the project, the company will employ borehole electromagnetic surveys (BHEM) in an effort to delineate semi-massive to massive zones of nickel-copper-cobalt mineralization.
Fathom Nickel Inc. opened trading at $0.06.
“The Gochager Lake Project is an important addition to the company’s portfolio of ‘battery metal’ projects,” noted Ian Fraser, CEO and VP Exploration.
“We look forward to applying BHEM in our effort to delineate zones of semi-massive to massive nickel-copper-cobalt mineralization within broader disseminated mineralization that defines the historic Gochager Lake deposit,” he added.
The Gochager Lake Property is made up of nine mineral dispositions totalling 4,696 hectares located in north-central Saskatchewan, approximately 75 km north of the town of La Ronge and in close proximity to the company’s flagship Albert Lake Project.
Historic drillhole at Gochager had a 294-metre intercept that returned 0.58 per cent Ni, 0.11 per cent Cu starting immediately below surface. Within this interval was a 9.70-metre section that assayed 2.37 per cent Ni, 0.35 per cent Cu and 0.14 per cent Co.
The company intends to drill a hole in close proximity to historic drillhole I-12 primarily for the purpose of providing a BHEM platform to test for continuation and orientation of semi-massive to massive nickel-copper-cobalt lenses.
Furthermore, and for the first time in the property’s history, the drillhole will be systematically sampled for cobalt. Previous operators only sporadically sampled for cobalt.
A second drillhole will be drilled for the purpose of better-defining lithology and mineralization controls.
In addition, exploration at Albert Lake has commenced. A crew was mobilized to the site over the weekend of February 3-5 to initiate gravity survey coverage over the Tremblay-Olson Claims area.
Fathom Nickel Inc. is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market.
Fathom Nickel Inc. opened trading at $0.06.
