(NewsDirect)
Fathom Nickel CEO Ian Fraser joined SteveDarling from Proactive to unveil the results of the Q1 drill programconducted at the company's Albert Lake Project. The program,characterized by the drilling of 6 holes totaling 1,386 meters, hasyielded promising outcomes, with drillhole AL24077 intersecting 0.42%nickel over a significant intersection of 2.01 meters.
A key highlight emphasized by Fraser isthe nickel mineralization's host rock: orthopyroxenite. Thisparticular geological formation is integral to the host rockassemblage identified at the nearby Rottenstone deposit, renowned forits exceptionally high-grade nickel, copper, and platinum groupelements (PGE). The proximity of the mineralization to the historicRottenstone deposit, located approximately 1.2 kilometers to thenortheast, underscores the potential significance of thisdiscovery.
Of particular importanceis the 10% nickel tenor defined in intervals comprising less than 3%sulphide in drillhole AL24077. This observation suggests thepossibility of net-textured to massive sulphide mineralizationoccurring along strike, and potentially at depth, within the sameultramafic unit. If realized, this could pave the way for thedevelopment of a mineral deposit boasting metal grades akin to thoseof the historic Rottenstone deposit, marking a significant milestonein Fathom Nickel's exploration journey.
Fraser also provided an update on drillingactivities at the flagship Gochager Lake Project, noting that drillinghas been successfully completed. Assay results from this drillingprogram are eagerly anticipated and are expected to be released by theend of May, providing further insights into the project's mineralpotential and setting the stage for future explorationefforts.
As Fathom Nickel continues to advance its explorationinitiatives, these recent developments underscore the company'scommitment to unlocking the full potential of its projects anddelivering value to its stakeholders. Stay tuned for further updatesas Fathom Nickel navigates the dynamic landscape of mineralexploration and continues to pursue its strategic objectives withvigor and determination.
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