Fathom Nickel (CSE:FNI) reports that its phase two drill program at the Gochager Lake Project has identified two new zones of gabbro-hosted nickel-copper-cobalt mineralisation using borehole electromagnetic surveying (BHEM) targeting.
Fathom has now completed around two-thirds of the 3,000m drill program, which is expected to be completed by the end of June 2026, with core logging and processing planned for completion in early July and drill results expected for release in early August.
CEO and VP Exploration Ian Fraser says that the new zone of discovery is around 100m northeast of the historic Gochager Lake deposit.
“Drillhole GL26029, drilled as a follow-up to GL24014 to test an off-hole BHEM anomaly, also intersected gabbro-hosted nickel-copper-cobalt mineralisation approximately 150m southwest of the deposit,” Fraser says.
“This represents another new zone and the furthest southwest mineralised intercept drilled on the property to date.
“BHEM probes continue to identify off-hole conductivity, and follow-up drilling of these conductors has consistently intersected nickel-copper-cobalt-bearing sulphides in gabbroic to ultramafic rocks and metasedimentary rocks.
“The company continues to benefit from the elimination of helicopter dependency, and this has resulted in approximately 1,000m of additional drilling over and above what was originally planned and budgeted for.”
Fathom notes that the newly identified zones are consistent with mineralisation observed in the historic deposit, with both drillholes containing higher densities of semi-massive to massive sulphide veins within broad zones of disseminated, blebby, and stringer-style sulphide mineralisation.
Fathom Nickel is an exploration company targeting magmatic nickel sulphide discoveries to secure supply of critical minerals for North America and to support the green energy transition.
Write to Amy Rotman at Mining.com.au
Images: Fathom Nickel
