Fathom Nickel Reports Promising Drill Results at Albert Lake Project Near Historic Rottenstone Deposit
TL;DR
Fathom Nickel's Q1 drill program has yielded promising outcomes, with significant nickel mineralization near the historic Rottenstone deposit.
The 1,386 meter drill program at Albert Lake Project yielded 0.42% nickel over 2.01 meters from drillhole AL24077 in orthopyroxenite host rock.
The potential discovery of net-textured to massive sulphide mineralization could mark a significant milestone in Fathom Nickel's exploration journey, delivering value to stakeholders.
The proximity of the mineralization to the historic Rottenstone deposit underscores the potential significance of this discovery, paving the way for future exploration efforts.
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Fathom Nickel has announced significant results from its Q1 drill program at the Albert Lake Project in Saskatchewan, Canada. The program involved drilling six holes totaling 1,386 meters, with one drillhole intersecting 0.42% nickel over 2.01 meters. This mineralization occurs within orthopyroxenite, the same geological formation that hosts 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 adds considerable importance to these findings. Fathom Nickel CEO Ian Fraser emphasized the significance of this proximity, noting the potential implications for the company's exploration strategy. The 10% nickel tenor identified in intervals containing less than 3% sulphide suggests the possibility of net-textured to massive sulphide mineralization extending along strike and at depth within the same ultramafic unit.
These results indicate the potential development of a mineral deposit with metal grades comparable to the historic Rottenstone deposit, representing a major advancement in Fathom Nickel's exploration efforts. The company's ongoing work at Albert Lake demonstrates its commitment to thorough geological investigation and systematic exploration approaches. Simultaneously, Fathom Nickel has completed drilling at its flagship Gochager Lake Project, with assay results expected by the end of May that will provide additional insights into the company's mineral potential.
The convergence of favorable geology, promising assay results, and strategic location near known high-grade mineralization positions these discoveries as potentially transformative for Fathom Nickel's exploration portfolio. The company continues to advance its exploration initiatives across multiple projects, maintaining focus on unlocking mineral potential through methodical drilling programs and comprehensive geological analysis.
Curated from News Direct
