- Fathom Nickel (FNI) has announced the results of its second drill hole of the 2022 exploration program at the Island Showing Area
- The drill hole intersected 10.2 meters of nickel mineralization starting at 117.7 metres
- Diamond drilling will continue to focus on the Island Showing Area before moving to the next priority targets at the Dime area
- Fathom 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
- Shares in Fathom Nickel (FNI) are up 18.92 per cent, trading at $0.22 per share
Fathom Nickel (FNI) has announced the results of its second drill hole of the 2022 exploration program at the Island Showing Area.
The Q1-2022 winter drill program commenced on January 14 and was recently expanded to 5,000 metres of drilling from the original planned 3,000 metres.
The drill hole intersected 10.2 meters of nickel mineralization starting at 117.7 metres, targeting a set of modelled conductors occurring above and along strike towards a previous drill hole.
So far, drilling and follow-up surveys in the first quarter of 2022, in conjunction with 2021 drill results from the Island Showing Area, have defined a corridor with multiple conductors over a 130-metre strike length.
“This is exactly what we have been looking for,” remarked Fathom’s VP of Exploration Ian Fraser. “Drillhole AL22040 confirms a proof of concept that Rottenstone-like mineralization does occur at the Albert Lake Property outside of the confines of the historic Rottenstone mine.”
“Although early in the Q1-2022 program and recognizing that we have a tremendous amount of work to do,” he added, “we couldn’t be off to a better start.”
Diamond drilling will continue to focus on the Island Showing Area before moving to the next priority targets at the Dime area.
Additional drill targets are expected to be refined as the geological team completes and further processes all available geochemical, and geophysical data.
“We look forward to continuing the ongoing 5,000-meter Q1-2022 drill campaign to explore for additional mineralized zones on the 90,000+ hectare Albert Lake Property,” said Fathom’s president and CEO Brad Van Den Bussche.
Fathom 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.
Shares in Fathom Nickel (FNI) are up 18.92 per cent, trading at $0.22 per share as of 1:56 pm EST.