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Fathom Nickel Provides Exploration Update for Albert Lake Project
Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to provide
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") is pleased to provide an exploration update for the Company's 100% owned Albert Lake Project. Geophysical crews recently completed a time domain electromagnetic (TDEM) survey within the Tremblay-Olson Claims Area where a very robust multi-element-in-soil anomaly has been identified (see Press Release January 17, 2023). Interpretation of this TDEM data is ongoing and being incorporated with other TDEM data sets along with other geophysical, geochemical, and geological data sets. Preliminary TDEM results are as follows. TDEM highlights include: A very strong TDEM conductor occurs approximately 1,000 meters south-southwest of the historic Rottenstone Mine/deposit (see Figure 1). Modelling of this conductor suggests a very conductive, flat lying body with an area that is approximately 450m x 150m and is situated approximately 300 meters below surface. This conductor occurs along the eastern margin of the Tremblay-Olson Claims area multi-element-in-soil anomaly. This conductor occurs at a critical contact between metasedimentary supracrustal rocks and granitoid intrusive rocks. This conductor Is directly associated with a very strong, deep, gravity anomaly indicative of subsurface higher density rocks. This strong TDEM conductor is within 600 meters of the Nic-5 and 1,500 meters of the Tremblay-Olson showings; both known, historic occurrences of mineralized ultramafic rock. Ultramafic rock is the host rock at both the Rottenstone deposit and the Bay-Island Trend. Fathom and its consultants continue to analyze and interpret the results of the recent TDEM data in association with all historic data. Results of this additional analysis will be released as it becomes available. Ian Fraser, CEO and VP Exploration stated, \"Our methodical approach to exploration at Albert Lake continues to uncover high-priority drill target areas. This recently identified prominent TDEM conductor occurs in association with both strong surface geochemistry and surface gravity surveys completed in the past year. Coincident surface geochemistry, gravity and subsequent TDEM surveys is what lead us to the Bay-Island Trend discovery. We expect that once we have completed final interpretation of the recent TDEM data set an...