Fathom Nickel has announced results from its Q1 drill program at the Albert Lake Project in Saskatchewan, Canada, revealing significant nickel mineralization that could impact the company's exploration strategy. The program involved drilling six holes totaling 1,386 meters, with drillhole AL24077 intersecting 0.42% nickel over 2.01 meters. This mineralization occurs in orthopyroxenite, the same host rock assemblage found at the nearby Rottenstone deposit, known for its exceptionally high-grade nickel, copper, and platinum group elements.
The discovery's location approximately 1.2 kilometers northeast of the historic Rottenstone deposit enhances its potential significance. Fathom Nickel CEO Ian Fraser emphasized the importance of this proximity, noting it underscores the discovery's potential. The 10% nickel tenor identified in intervals with less than 3% sulphide suggests possible net-textured to massive sulphide mineralization along strike and at depth within the same ultramafic unit. This could lead to developing a mineral deposit with metal grades comparable to Rottenstone, representing a major advancement in Fathom Nickel's exploration efforts.
Concurrently, the company provided an update on its flagship Gochager Lake Project, confirming drilling completion with assay results expected by May's end. These developments highlight Fathom Nickel's commitment to advancing its exploration initiatives and unlocking project potential while navigating the dynamic mineral exploration industry landscape.
