Fathom Nickel (CSE:FNI) has completed the second phase of drilling at its Gochager Lake Project in northern Saskatchewan, Canada, identifying two new nickel-copper-cobalt mineralised zones ahead of upcoming assay results.
The company drilled nine holes for a total of 3,174m, following up multiple off-hole geophysical anomalies.
The program tested mineralisation along strike to the southwest, at depth, and across new targets identified during the first phase of drilling.
Phase one comprised seven holes for 2,144m and led to the discovery of a new mineralised zone about 500m east-northeast of the historic Gochager Lake deposit.
During phase two, Fathom intersected two additional mineralised zones southwest and northeast of the historic deposit, as reported last month.
The company expects to complete drill core processing and submit samples for assay later this week, with results anticipated in mid-August.
“The drill program was successful in identifying new zones of nickel-copper-cobalt mineralisation across the 800m of strike tested,” CEO Ian Fraser says.
“We are also very pleased that, due to recently implemented cost-saving initiatives, we were able to drill approximately 1,000 additional metres compared with the original budget.”
Gochager Lake is one of three exploration projects Fathom holds in Saskatchewan’s Trans-Hudson Corridor. The others are Albert Lake and Friesen Lake, both near the historic Rottenstone Mine.
Fathom Nickel is an exploration company that is targeting magmatic nickel sulphide discoveries to secure the supply of North American critical minerals.
Write to Jackson Chen at Mining.com.au
Images: Fathom Nickel
