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Fathom Nickel Intersects Semi-Massive Sulphides 500 Meters North of Historic Rottenstone Mine
The second drillhole of the Company's Q1-2022 drill program intersected 10.2 meters of nickel mineralization starting at 117.7m. Portable X-ray Fluorescence ("p
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" The second drillhole of the Company's Q1-2022 drill program intersected 10.2 meters of nickel mineralization starting at 117.7m. Portable X-ray Fluorescence (\"pXRF\") indicates the presence of nickel exceeding 30,000 ppm and copper exceeding 40,000 ppm (10,000 ppm = 1%). The Company continues to define a very favourable corridor in which multiple conductors occur over a strike length that now exceeds 130 meters. Chemical assays for Ni-Cu-Co + PGE's are expected in 4 - 6 weeks. Calgary, Alberta--(Newsfile Corp. - February 2, 2022) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce significant nickel mineralization has been intersected in the second drillhole of the Q1-2022 (drillhole AL22040) at the Island Showing Area, situated 500 meters north of the very high-grade Ni-Cu-Co + PGE historic Rottenstone deposit. A detailed characterization of mineralization and sulphide textures using pXRF data does indicate the presence of nickel and copper mineralization through 10.2 m drillhole interval (from 117.7m to 127.9m downhole). The reader is cautioned the pXRF values reported above are qualitative and do not reflect the actual bulk content of nickel and copper contained within this interval. Drill Hole AL22040 targeted a set of modelled conductors occurring above and along strike and to the north towards drillhole AL21021[1]. Drilling and follow-up Borehole Electromagnetic (\"BHEM\") surveys to date in Q1-2022, in conjunction with drilling performed in 2021 in the Island Showing Area, is defining a very favourable corridor in which multiple conductors occur over a strike length that now exceeds 130 meters. Within this developing corridor the Company is recognizing the occurrence of mineralized ultramafic and pegmatite rocks within the host metapelites. This stratigraphy is what the Company refers to as Rottenstone-like stratigraphy. We are encountering sulphide textures in ultramafic rocks that are analogous to magmatic nickel models and we are also encountering nickel mineralization outside of the ultramafic rocks - a situation we believe is a first at Albert Lake and a breakthrough that we find very encouraging. Ian Fraser, VP Exploration, stated, \"This is exactly what we have been looking for. Drillhole AL22040 confirms a proof of concept that Rottenstone-like mi...