- The Trans-Hudson Orogeny (Corridor) stretches hundreds of kilometers across North America and includes a long history of successful mines, while remaining highly underexplored
- Fathom Nickel owns the commanding land position in the Rottenstone Domain region of the Trans-Hudson Corridor, with 122,000+ highly prospective hectares
- Fathom Nickel projects include the past-producing Rottenstone Mine, multiple high-grade deposits that remain open in all-directions, mineralization that the company continues to prove via surveys and drilling
Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is a Canadian junior mining exploration and development company focused on acquiring, exploring, and developing high-quality nickel, copper, and cobalt deposits. With a particular focus on the Rottenstone Domain of the Trans-Hudson Corridor in Saskatchewan, Canada, Fathom Nickel is actively exploring two key properties: the Albert Lake Property and the Gochager Lake Property. Last month, Fathom Nickel added to its leading land position in the region with the acquisition of the 10,000+ hectare Friesen Lake Project located 40 kilometers southwest of the historic Rottenstone Mine and 30 kilometers northwest of the historic Gochager Lake deposit.
The Trans-Hudson Corridor is recognized worldwide for its expansiveness and massive potential for its yet untapped metal-rich ground. It trends from North Dakota in the U.S. through Saskatchewan where it veers east to include Northern Manitoba, and across Hudson’s Bay to include the Ungava Peninsula, PQ, from where it continues into Greenland. Coincident with the Trans Hudson Corridor are the world-class Thompson Nickel Belt, MN (in production), the Lynn Lake Nickel Belt (past producer), and the Raglan Nickel Belt, PQ (in production).
Fathom Nickel’s Albert Lake property is a promising exploration target. Formerly home to the high-grade Rottenstone Mine, this expansive landholding offers significant potential for magmatic nickel sulfide mineralization. Through the addition of the Tremblay-Olson Claims in 2022, the 100%-owned property now encompasses over 90,000 hectares. Fathom’s ongoing exploration efforts aim to unlock the full potential of this historically productive mining area.
Fathom Nickel’s Gochager Lake Property is a strategic asset. Acquired in stages throughout 2022 and 2023, the property now encompasses over 22,000 hectares. Its prime location within the Proterozoic Trans-Hudson Orogeny, a region renowned for hosting significant mineral deposits, underscores its exploration potential. The property hosts the historic Gochager Lake nickel-copper-cobalt deposit, the Mal Lake nickel occurrence, and the Borys Lake VMS zinc-lead-copper deposit, offering multiple avenues for exploration and development.
Recent Exploration Successes at Gochager Lake:
- Fathom Announces Mal Lake Nickel-Copper-Cobalt Mineralization: Recent drilling at the Mal Lake occurrence uncovered evidence of nickel-copper-cobalt mineralization, indicating potential for further exploration beyond the historic Gochager Lake deposit.
- Fathom Continues to Expand the Historic Gochager Lake Deposit: Ongoing drilling programs have shown success in expanding the known boundaries of the Gochager Lake deposit in all directions. This suggests a potentially larger resource base than previously estimated.
- Fathom Announces Receipt of New Exploration Permit and Commencement of Field Activities: In June 2024, Fathom received a new exploration permit for the Gochager Lake Property, allowing for continued drilling and exploration activities (e.g., 60 drill holes, 25-person camp).
A Staking Frenzy
Fathom Nickel CEO and VP Exploration Ian Fraser has a lengthy history of mining success. His C.V. includes exploration to development at Casa Berardi Gold Mine (Hecla Mining, PQ), Chief Geologist Komis Gold Mine (Waddy Lake Resources, SK), and Cisneros Gold Mine (Antioquia Gold, Colombia SA), amongst others. He recently summarized his excitement for this region when announcing the acquisition of the Friesen Lake property.
“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 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.”
Fraser was referencing the recent high-grade gold discovery by Ramp Metals of 73.55 g/t gold (“Au”) over 7.5 meters at its Rottenstone SW project that has catapulted the company’s market cap forward several multiples.
Looking Ahead for Fathom Nickel:
The company’s focus soon will be on further exploration and development of its properties in this unfolding prolific region. Management has been incredibly meticulous and methodical in providing and adding to the historic resources, a strategy that will not waver, only accelerate, going forward. Upcoming work will include:
- Resource definition drilling. Fathom will aim to define the extent and quality of the nickel, copper, and cobalt mineralization at Gochager, Albert, and Friesen Lake projects through continued drilling programs. This will be crucial for attracting potential investors and moving towards mine development.
- Metallurgical testing. Understanding how the minerals respond to various processing techniques is essential. Metallurgical testing will help determine the optimal methods for extracting the target metals.
Fathom Nickel’s recent exploration successes at the Gochager Lake project speak volumes about the potential for the area of Saskatchewan where it holds a dominant land position. The company’s focus on a historically known mineralized area with evidence of expansion potential and multiple mineral types (nickel, copper, cobalt) is encouraging. Investors interested in the junior mining sector and the potential for nickel exploration success should closely follow Fathom Nickel’s ongoing exploration activities and future announcements.
For more information, visit the company’s website at www.FathomNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF
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