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Fathom Nickel Announces Receipt of New Exploration Permit and Commencement of Field Activities at the Gochager Lake Project
Calgary, Alberta--(Newsfile Corp. - June 20, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - June 20, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce the recent receipt of all necessary permits to continue exploration activity at the Company's Gochager Lake project. The exploration permit allows the Company to: Drill up to 60 drillholes. Construct and utilize an all season 25-person camp. Utilize temporary \"fly camps\" during summer-fall field season to conduct site specific, airborne geophysical anomaly follow-up, mapping and prospecting, soil geochemistry, and site-specific geophysical surveys. To do necessary line-cutting ahead of surface geophysical surveys. Prepare necessary ground and ice trails to facilitate the movement of drilling equipment. The new exploration permit is valid for a two-year period, expiring July 31, 2026. In addition, we are also pleased to report that exploration field activities have commenced at the Gochager Lake project. Field crews were mobilized last week and will be utilizing a temporary fly camp located at the Gochager Lake deposit area to conduct: A soil geochemical survey within the area outlined in Figure 1. The Company is confident we can define a soil geochemical signature associated with the Gochager Lake deposit and utilize this signature to expand Gochager and find additional Gochager-like deposits. Detailed mapping, prospecting and soil geochemical sampling will occur in areas of conductivity defined through surface time domain electromagnetic surveys (\"TDEM\") performed in 2023-2024 (Figure 2). The team will focus on identifying and mapping the strike extent of the favourable gabbro host-rock and defining other favourable gabbro rock outside of the historic deposit area. Flying a detailed drone-MAG survey (30-meter line spacing) over the historic Gochager Lake deposit area depicted in Figure 3. The total MAG survey will encompass approximately 385 line-km. Field crews are expected to complete the field program by June 30, 2024. Ian Fraser, CEO and VP Exploration stated, \"We are very pleased to now have the exploration permit in hand. Having completed 16 successful drillholes in little more than a year, this two-year permit is the next step in our exploration plan to aggressively drill the historic Gochager Lake deposit and to continue to expand the deposit ...