Business
Fathom Nickel Provides 2024 Year in Review and Outlook for 2025
Calgary, Alberta--(Newsfile Corp. - January 21, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to provid
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - January 21, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to provide management's review of the Company's activities from 2024 and a preliminary outlook for 2025. Amid a challenging junior capital markets and commodity price landscape, Fathom has made several significant advances in 2024 at both its magmatic nickel sulphide projects: Gochager Lake and Albert Lake projects in north-central Saskatchewan. The Company continues to attract the interest of notable third-parties (majors and strategics), a testament to our methodical and scientific approach to exploration. We believe there is a very strong investment thesis at current prices to experience significant near-term share price gains based on several possible catalysts - from both an internal and macro perspective. Exploration highlights to-date include: Gochager Lake Project: 2024 drilling demonstrated that the historic Gochager Lake deposit1 remains open for expansion to depth and along strike well beyond the historic boundaries. Importantly, exploration to date demonstrates tremendous upside potential in an expanded footprint area we have now defined to be 25x the area of the historic deposit. The historic Gochager Lake deposit is possibly one of several potential mineral deposits within the expanded footprint. Why? The Gochager Lake deposit host rock continues along strike to the east-northeast and has now been mapped for a minimum of 600m. Very robust Ni-Cu-Co in-soil assay anomalies, occurring ~ 1.5km east-northeast and ~ 1.0km west-southwest of the historic deposit, grade significantly higher than the Ni-Cu-Co in-soil responses in the immediate historic deposit area. Disseminated, massive sulphide vein, and semi-massive sulphide breccia styles of mineralization (grading up to 2-3% Ni) intersected in recent drilling at the historic deposit, is consistent with a magmatic nickel sulphide deposit model and supports the notion that massive sulphide Ni-Cu-Co mineralization can also be hosted within the recognized Gochager Lake deposit footprint. Fathom's near-term exploration strategy is focused on discovering massive sulphide bodies within the expanded footprint. Albert Lake Project: 2024 drilling at the Nic5 - Tremblay-Olson area intersected Rottenstone-like host rock and Rott...