Fathom Nickel, a leading exploration company, has recently unveiled the results of its Q1 drill program at the Albert Lake Project, located in Saskatchewan, Canada. The program, which involved the drilling of 6 holes totaling 1,386 meters, has yielded promising outcomes that have the potential to significantly impact the company’s exploration efforts.
A key highlight of the drill program is the intersection of 0.42% nickel over a significant interval of 2.01 meters in drillhole AL24077. This discovery is particularly noteworthy due to the nickel mineralization’s host rock: orthopyroxenite. This geological formation is integral to the host rock assemblage identified at the nearby Rottenstone deposit, renowned for its exceptionally high-grade nickel, copper, and platinum group elements (PGE).
The proximity of the mineralization to the historic Rottenstone deposit, located approximately 1.2 kilometers to the northeast, underscores the potential significance of this discovery. Fathom Nickel’s CEO, Ian Fraser, emphasized the importance of this finding, stating, ‘The proximity of the mineralization to the historic Rottenstone deposit, located approximately 1.2 kilometers to the northeast, underscores the potential significance of this discovery.‘
Furthermore, the 10% nickel tenor defined in intervals comprising less than 3% sulphide in drillhole AL24077 suggests the possibility of net-textured to massive sulphide mineralization occurring along strike, and potentially at depth, within the same ultramafic unit. If realized, this could pave the way for the development of a mineral deposit boasting metal grades akin to those of the historic Rottenstone deposit, marking a significant milestone in Fathom Nickel’s exploration journey.
In addition to the promising results from the Albert Lake Project, Fathom Nickel also provided an update on its drilling activities at the flagship Gochager Lake Project. Fraser noted that drilling has been successfully completed, and the eagerly anticipated assay results are expected to be released by the end of May, providing further insights into the project’s mineral potential and setting the stage for future exploration efforts.
As Fathom Nickel continues to advance its exploration initiatives, these recent developments underscore the company’s commitment to unlocking the full potential of its projects and delivering value to its stakeholders. The company’s unwavering dedication to mineral exploration and its strategic approach to navigating the dynamic landscape of the industry are poised to drive its continued success in the years to come.
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