- Fathom Nickel (FNI) has completed its current drill program on its Gochager Lake Project
- The Calgary-based mineral exploration company’s project is located in northern Saskatchewan
- Equipment and personnel are now being moved to the company’s Albert Lake Project, where diamond drilling is scheduled to start by March 3
- Drilling on the Gochager Lake Project confirmed mineralization
- Fathom Nickel Inc. (FNI) is up 6.67 percent, trading at $0.08 at 1:04 p.m. ET
Fathom Nickel (FNI) has completed its current drill program on its Gochager Lake Project.
The Calgary-based mineral exploration company’s project is located in northern Saskatchewan.
Equipment and personnel are now being moved to the company’s Albert Lake Project in the same province, where diamond drilling is scheduled to start by March 3.
Drilling on the Gochager Lake Project confirmed mineralization, leaving the company’s executives happy with the results.
Two drill holes intersected broad zones of disseminated, semi-massive to massive sulphide mineralization. Final assay results are expected by mid-April.
“We are very pleased with the outcome of both the drilling and BHEM initiatives at Gochager Lake. The initial drillhole confirmed the presence of mineralization previously identified in historic drillhole IVY-67-012, and the second drillhole also confirmed the Gochager Lake deposit style of mineralization and provided an excellent platform for the BHEM surveys,” said CEO Ian Fraser.
“The BHEM tool has proven extremely useful in identifying off-hole conductors. We eagerly await assay results which will be released upon receipt and interpretation, expected in early April. Our attention now turns to the Albert Lake Project, where we will be targeting several very exciting priority areas, including the Tremblay-Olson Claims area.”
Work now shifts to drilling and geochemical work on the Albert Lake Project.
Fathom Nickel Inc. (FNI) is up 6.67 percent, trading at $0.08 at 1:04 p.m. ET.