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Fathom Nickel Models Robust BHEM Off-Hole Conductors at Gochager Lake Property and Provides Further Project Updates
Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - 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. - March 28, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to announce the preliminary modelling of several robust off-hole, borehole electromagnetic (BHEM) conductors associated with five drillholes (two recent and three historic) at the Company's Gochager Lake Project. Highlights Drillhole GL23003 was consistently mineralized throughout the total drillhole length; i.e., 5.35 - 336.00 meters (1% - 70% disseminated to massive sulphides).1 Semi-massive to massive sulphides occur at 124.45 - 148.6 meters (Photos 1 & 2) and at 171.15 - 180.00 meters.1 Very robust in-hole BHEM anomalies associated with GL23003 mineralization (described above), plus very significant associated off-hole responses indicative of extended strike beyond the drillhole. Off-hole BHEM response occurring down and away from historic drillhole GL18002 indicative of conductive mineralization occurring below the defined depths of the historic Gochager Lake nickel deposit.2 Importantly, all five drillholes probed by BHEM (see Figure 1) illustrate BHEM responses associated with in-hole mineralization as well as significant off-hole responses (i.e., beyond in-hole mineralization and in areas of weak to no mineralization). Ian Fraser, CEO and VP Exploration stated, \"The strength of the BHEM responses and the direct association with semi-massive to massive sulphide mineralization recognized in both current and historic drillholes demonstrates the effectiveness of BHEM as exploration progresses at Gochager Lake. Our drilling will focus on areas of semi-massive to massive style of mineralization, as defined by BHEM. We expect there will be multiple lenses of this style of mineralization within the historic Gochager Lake deposit. Our geophysical team is equally excited about the conductivity recognized and defined by a 2008 VTEM survey both at the Gochager Lake deposit as well as several similar signatures recognized away from the historic deposit. Preliminary results from drilling, BHEM modelling and the VTEM survey all contributed to our decision to expand the size of the Gochager Lake project to over 18,000 hectares through the Watts Lake claims acquisition announced last week. We look forward to the receipt of the assay results in the coming weeks.\" Photo - ...