Fathom Nickel Announces Increase in Land Package Under the Gochager Lake Property Option Agreement and Albert Lake Exploration Update

About this update from Fathom Nickel, Inc.

[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - March 14, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce that pursuant to the Area of Interest clause of the Gochager Lake Option Agreement (the \"Option Agreement\"), the land position covered under the Option Agreement has recently increased by 937 hectares. The Company was recently notified by the Optionor that it had acquired, through direct staking, this 937-hectare disposition MC00016594 (the \"New Disposition\"). Fathom paid the third-party costs of staking the New Disposition, which count as exploration expenditures towards the fulfillment of the Earn-In Conditions of the Option Agreement. The New Disposition is located approximately ten kilometers southeast of the site of Fathom's recent Gochager Lake exploration program in an area commonly referred to as Mal Lake. Mal Lake was not a priority target area for the Company when it initially executed the Option Agreement in September 2022. However; the Company with the assistance of highly regarded consultants, recently completed a compilation exercise of nickel exploration targets in north-central Saskatchewan. The Mal Lake nickel occurrence received a \"Very High\" ranking. \"The addition of the New Disposition at Mal Lake adds to our growing interest in this regional play,\" commented Ian Fraser, CEO & VP Exploration. \"The Mal Lake nickel occurrence exhibits many features and similarities comparable to what we recognized during our recent exploration program at Gochager Lake.\" About the Gochager Lake Property The Gochager Lake Property is now comprised of a land package totalling 4,865 hectares located in north-central Saskatchewan, approximately 20 km northwest of the village of Missinipe and in close proximity to the Company's flagship Albert Lake Project. The Company recently completed an exploration program that consisted of diamond drilling (2 holes totalling 725 meters), borehole electro-magnetic (\"BHEM\") probing of the two recent drillholes, as well as three historic drillholes (five holes probed in total). Assay results from the Gochager program are expected to be received by mid-April. Albert Lake Exploration Exploration at the Company's Albert Lake Property is ongoing with the second drillhole now having been completed. The geological team is cur...

More updates from Fathom Nickel, Inc.