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Fathom Nickel Announces Completion of Drilling at Gochager Lake and Drill Target Identification at the Albert Lake Project
Calgary, Alberta--(Newsfile Corp. - February 28, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5)(OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announ
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - February 28, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5)(OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce that the Q1-2023 drill program at the Gochager Lake Project has been completed. Equipment and personnel are currently being remobilized to the Albert Lake Project. Diamond drilling is expected to commence at Albert Lake by March 3. Commenting on the Gochager Lake Exploration Program, Ian Fraser, CEO and VP Exploration stated, \"We are very pleased with the outcome of both the drilling and BHEM initiatives at Gochager Lake. The initial drillhole confirmed the presence of mineralization previously identified in historic drillhole IVY-67-012, and the second drillhole also confirmed the Gochager Lake deposit style of mineralization and provided an excellent platform for the BHEM surveys. As expected, the BHEM tool has proven extremely useful in identifying off-hole conductors. We eagerly await assay results which will be released upon receipt and interpretation, expected in early April. Our attention now turns to the Albert Lake project where we will be targeting several very exciting priority areas including the Tremblay-Olson Claims area.\" Summary Q1-2023 drill program at Gochager Lake Project completed. 2 Drillholes completed at Gochager; both intersected broad zones of disseminated, semi-massive to massive sulphide mineralization; results expected by mid-April. Albert Lake Project drilling to commence by March 3, 2023. Q1-2023 drilling at Albert Lake will initially focus around the Tremblay-Olson Claims area. The Tremblay-Olson Claims area (NIC-5 and Tremblay-Olson) had returned the highest concentration of metals-in-soil collected to date at the Albert Lake Property (Press Release Jan. 17, 2023)See also Figure 1. Gochager Exploration Program The Q1-2023 exploration program at Gochager was designed around two primary objectives: 1) drill testing of the reported results from a historic drillhole (IVY-67-012) that encountered mineralization over a 290-meter zone, and; 2) probe both current and historic drillholes with a borehole electromagnetic (\"BHEM\") tool to determine the existence and extent of off-hole conductors. We are pleased to announce success in meeting both objectives. Drillhole GL23003 was drilled to a depth of 336 meters; GL23004 was drilled to a de...