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Fathom Nickel Announces Staking of New Ground Southwest of Albert Lake Property
Calgary, Alberta--(Newsfile Corp. - June 26, 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 26, 2024) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce the addition of the Friesen Lake property to the Company's growing property portfolio. The Friesen Lake property encompasses three mineral dispositions acquired by staking directly through the Government of Saskatchewan's MARS portal (see Figure 1). Ian Fraser, CEO and VP Exploration stated, \"In light of recent activity in the Albert Lake property area, we made the decision to stake three claims to cover the Friesen Lake Ni-Cu-Pt showing and acquire land that puts us adjacent to the Toppings Lake Cu-Ni showing. Both showings are ultramafic-mafic hosted and have the potential to host significant magmatic nickel sulphide-styles of mineralization. Of significant interest to us is the platinum-palladium associated with the Friesen Lake showing. It is very intriguing to us that >1 g/t Pt-Pd occurs in historic surface trenching and that significant Pt-Pd has been confirmed in historic drilling at Friesen Lake. The recent Ramp Metals Inc. drill result announcement has brought a lot of attention to the area and, as the accompanying Figure 1 illustrates, a bit of a staking rush. We felt it was important for Fathom to secure these dispositions and cover these known Ni-Cu-Pd-Pt showings before the staking frenzy grabbed this land ahead of us. As first movers in the area, we believe we have the largest and most prospective land package this region has to offer, providing us incredible exploration optionality.\" Figure 1 - Friesen Lake Property Location Map and Recent Staking Activity Friesen Lake Property Highlights: Fathom recently staked 3 mineral dispositions (MC00019009, MC00019008, MC00019007), totaling 10,133 ha to cover the Friesen Lake Ni-Cu-Pt showing (Saskatchewan Mineral Deposit Index [\"SMDI\"] # 0928a), immediately adjacent to the Toppings Lake Cu-Ni showing (SMDI #0866). The Friesen Lake showing and the Toppings Lake showing are located approximately 40km and 55km, respectively, southwest of the historic Rottenstone mine. The historic Rottenstone Mine was in production 1965-1969 and produced some of the highest magmatic nickel sulphide grades in Canadian mining history. The Friesen and Toppings Lake showings occur within ultramafic-mafic intrusive roc...