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Fathom Nickel Announces Receipt of Albert Lake Assays
Calgary, Alberta--(Newsfile Corp. - May 5, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce re
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - May 5, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce receipt of assays from the limited two-hole drilling program completed at the Albert Lake Project. Albert Lake Exploration Assay and pXRF results recorded from drillholes AL23073 and AL23074 demonstrate anomalous Ni with associated mafic-ultramafic pathfinder elements Cr and Mg. The anomalous to highly anomalous Cr and Mg, occurring within the drillholes is suggestive of an ultramafic source in the vicinity of the drillholes. Borehole electromagnetic surveys (BHEM) of both drillholes has identified prominent and distant zones of offhole conductivity in front of and above both drillholes (centred at approximately 80 m in AL23073 and centred at approximately 115 m in AL23074). Drillhole AL23074 detected an additional offhole response centred at a depth of approximately 270 m. Commenting on the Albert Lake drilling and BHEM results, Ian Fraser, CEO and VP Exploration stated, \"We are very encouraged by the confirmation of anomalous nickel within mafic to ultra-mafic rocks encountered during this limited program. Unfortunately, due to significant budget constraints, we were unable to extend the drill program beyond the initial two drill holes. Drillholes AL23073 and AL23074 were our first look into the very robust soil geo-chem anomaly defined at the Tremblay-Olson Claim (Nic5) area in our fall-22 program (refer to Pres Release January 17, 2023). These holes were essentially geology drillholes designed to get an understanding of the robust surface geochemistry anomaly. The positive offhole BHEM responses in both drillholes align with historic VLF (very low frequency - EM) and VTEM™ (heliborne Versatile Transient Electromagnetic) anomalies. We have identified sufficient evidence - geochemistry, geologic and geophysics - to suggest mineralized ultramafic sources within the Tremblay-Olson Claim (Nic5) Area. We very much look forward to our planned surface TDEM program this summer at the Tremblay-Olson Claims Area as we further fine-tune the drill targeting exercise.\" Albert Lake Winter 2023 Exploration Program The Company's intention was to drill several drillholes within the Tremblay-Olson Claims Area, and possibly a drillhole along strike of the Bay-Island Trend. Howe...