• Fathom Nickel (CSE:FNI) to acquire Watts Lake Mineral claims in Saskatchewan
  • The company will acquire the claims following an agreement with SKRR Exploration
  • The Watts Lake claims are made up of 24 mineral claims totaling 13,708 hectares and are contiguous with the company’s Gochager Lake property
  • The addition of the Watts Lake claims brings the company’s total land package to 18,569 hectares
  • Shares of Fathom Nickel are up 11.11 per cent to C$0.10 as of 11:53 a.m. EDT on Wednesday

Fathom Nickel (CSE:FNI) is to acquire the Watts Lake Mineral Claims in Saskatchewan following an agreement with SKRR Exploration.

In a press release, the company said the claims are made up of 24 mineral claims totaling 13,708 hectares and are contiguous with its Gochager Lake property

The addition of the Watts Lake claims brings the company’s total land package to 18,569 hectares.

Fathom Nickel CEO Ian Fraser said that based on results so far at the Gocagher Lake property, the company believes Mal Lake is an analogous nickel occurrence.

“While Fathom’s focus is nickel, Watts Lake also includes Borys Lake, a VMS-style Pb-Zn deposit. VMS mineralization within this overall contiguous mineral package speaks to the potential of a significant metal endowment in the land package and the tremendous exploration potential of this combined land package,” Fraser said.

With the addition of Watts Lake, the company said it has under its control ground between two high-priority areas.

Shares of Fathom Nickel (FNI) are up 11.11 per cent to C$0.10 as of 11:53 a.m. EDT on Wednesday

More From The Market Online

@ the Bell: TSX sees first positive day in a week

Canadian stock markets moved up on Wednesday as investors await fresh cues about timing of this year’s interest rate cuts
TC Energy - Shot from the NGTL pipeline system.

TC Energy’s latest fuel spill sparks wildfire

The NGTL natural gas pipeline, owned by TC Energy, ruptured and caused a wildfire 40 kilometres northwest of Edson, Alberta, Tuesday morning.
PyroGenesis - PyroGenesis' STP torch for refrigerant destruction, hydrocracking and heating.

PyroGenesis to help global mining leader lower emissions

PyroGenesis Canada (TSX:PYR) signs a contract with a global mining supplier to apply its electric plasma torches towards emissions reduction.

Canadian biotech stock investigates potential weight loss drugs

FSD Pharma Inc. (CSE:HUGE) is expanding its pipeline into metabolic and related disorders including weight loss and liver health.