Business
Fathom Nickel Announces Planned Start of Drill Program at Gochager Lake Project
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announc
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce the second round of drilling at the Gochager Lake project will commence on or about September 2, 2023. The drill program is expected to consist of 5 to 6 drillholes totalling approximately 1,800 - 2,000 meters. The primary purpose of the program is to test the vertical plunge extensions along strike of the very favourable drill results intersected in drillhole GL23003 (see Press Release April 12, 2023). Multiple borehole electromagnetic (BHEM) surveys within this area of high-grade nickel mineralization have defined a complex set of steeply plunging geophysical targets. The very robust off-hole BHEM anomaly detected below drillholes GL23003, GL23004 and historic drillhole GL18002 is also a high-priority target that will be tested. The Company also anticipates drillholes designed to test continuity of conductivity as defined by surface TDEM surveys (see Press Release July 25, 2023) along strike of the Gochager Lake deposit and a Gochager-like area of conductivity 300 meters to the northeast. Refer to inserted Figures 1 and 2 illustrating proposed drill targets. The drill program is expected to be completed within four weeks. Ian Fraser, CEO and VP Exploration stated, \"We have spent the last several months evaluating the results of the winter drilling and BHEM surveys as well as the recently completed second round of BHEM/surface TDEM results. We are confident and very excited to now further drill-test the apparent very steep controls on the high-grade nickel mineralization intersected in drillhole GL23003. A better understanding of the structural controls, the orientation and dimensions of this mineralization will set us up to better pursue what we think will be a multitude of steeply plunging chutes within the historic Gochager Lake deposit area. The deep, strong conductivity detected below the two holes drilled in February 2023 and detected off-hole of a drillhole drilled in 2018, suggests the continuation of the Gochager Lake deposit at depth. The strength of this conductor is indicative of a body of semi-massive to massive sulphides similar to what was intersected in drillhole GL23003. The summer TDEM program identified zones of conductivity distal from th...