- Fathom has commenced its 5,000-metre Q1 2022 drill program
- Fathom Nickel (FNI) completed its 13-hole diamond drill program at Albert Lake in the third quarter of 2021
- The company detected nickel, copper, or platinum group elements (PGE) in 11 of the 13 holes
- The program will follow up on prospective targets identified in Q3 2021 drilling
- Fathom Nickel is a resource exploration and development company
- Shares in Fathom Nickel Inc. (FNI) are currently down 7.14 per cent, trading at $0.195 per share
Fathom Nickel (FNI) commenced its 5,000-metre drill program today, focusing on two prospective targets at Albert Lake.
Fathom Nickel completed its 13-hole diamond drill program at Albert Lake in the third quarter of 2021.
The company detected nickel, copper, or platinum group elements (PGE) in 11 of the 13 holes, including one hole with a 13-metre interval containing 658 ppm nickel, 151 ppm copper, and 41 ppm cobalt.
“The results of the Q3-2021 drill program have played a pivotal role in the development and refinement of high-quality drill targets which will be the focus of the upcoming drill program utilizing the winter ice to optimize drill hole positioning,” said Fathom’s VP of Exploration Ian Fraser.
The Q1 2022 program was recently expanded from the originally planned 3,000 metres after Fathom completed a $4 million flow-through financing in November.
Brad Van Den Bussche, President and CEO of Fathom Nickel, commented on the 2022 program.
“The frozen conditions at Albert Lake during the winter season are ideal to drill-test key targets at the Island Showing and Dime Area,” he said. “We will also utilize the winter conditions to drill from the ice to follow up on additional BHEM conductors associated with several drillholes on the Big Island located 400m west of the historic Rottenstone Mine.”
Fathom Nickel is a resource exploration and development company that is targeting high-grade nickel sulphide discoveries for use in the rapidly growing global electric vehicle market.
Its Albert Lake Project, which hosts the historic Rottenstone Mine, consists of over 90,000 hectares of mineral claims in the Trans-Hudson Corridor of Saskatchewan.
Shares in Fathom Nickel Inc. (FNI) are currently down 7.14 per cent, trading at $0.195 per share as of 9:44 am EST.