Fathom Nickel (CSE:FNI) has announced the preliminary modelling of several robust off-hole, borehole electromagnetic (BHEM) conductors associated with five drill holes at its Gochager Lake project in Saskatchewan.
Importantly, the company said all five drillholes probed — two recent and three historic — illustrate BHEM responses associated with in-hole mineralization as well as significant off-hole responses.
"The strength of the BHEM responses and the direct association with semi-massive to massive sulphide mineralization recognized in both current and historic drillholes demonstrates the effectiveness of BHEM as exploration progresses at Gochager Lake,” Fathom Nickel CEO and vice president of exploration Ian Fraser said in a statement. “Our drilling will focus on areas of semi-massive to massive style of mineralization, as defined by BHEM. We expect there will be multiple lenses of this style of mineralization within the historic Gochager Lake deposit.”
READ: Fathom Nickel acquires Watts Lake mineral claims, enlarging its Gochager Lake land parcel by over three fold
Highlights include:
- Drillhole GL23003 was consistently mineralized throughout the total drillhole length; ie, 5.35 - 336 meters (1% - 70% disseminated to massive sulphides);
- Semi-massive to massive sulphides occur at 124.45 - 148.6 meters and at 171.15 - 180.00 meters;
- Very robust in-hole BHEM anomalies associated with GL23003 mineralization, plus very significant associated off-hole responses indicative of extended strike beyond the drillhole; and
- Off-hole BHEM response occurring down and away from historic drillhole GL18002 indicative of conductive mineralization occurring below the defined depths of the historic Gochager Lake nickel deposit.
“Our geophysical team is equally excited about the conductivity recognized and defined by a 2008 VTEM survey both at the Gochager Lake deposit as well as several similar signatures recognized away from the historic deposit,” Fraser continued. “Preliminary results from drilling, BHEM modelling and the VTEM survey all contributed to our decision to expand the size of the Gochager Lake project to over 18,000 hectares through the Watts Lake claims acquisition announced last week. We look forward to the receipt of the assay results in the coming weeks.”
Additional observations:
- Trend 255 and Plunge 70 → 255 both very strong amplitude off-hole BHEM conductors;
- Trend 255 offhole responses associated with in-hole semi-massive to massive sulphide mineralization intersected in drillhole GL23003. Late time off-hole responses associated with in-hole mineralization the function of:
- Mineralization more conductive; more massive away from the drillhole; and
- Mineralized zone greater in thickness than indicated by the drillhole.
- Plunge 70 → 255 at depth and outside known boundary of historic Gochager Lake Deposit mineralization; and
- Strength of Plunge 70 → 255 and direction; down and away and off-hole GL18002, indicating mineralization in historic drillhole I-12 (2.37 % nickel, 0.35% copper, 0.14% cobalt / 9.7m, semi-massive to massive sulphide mineralization) at a depth of 282.9 - 292.6m remains open to depth, and the historic Gochager Lake Deposit remains open for expansion.
Fathom is an exploration company targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market.
The company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan - the Albert Lake Project, a 90,000-plus hectare project that was host to the historic and past-producing Rottenstone deposit; and the Gochager Lake project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3 million tons at 0.295% nickel and 0.081% copper.
Contact the author at stephen.gunnion@proactiveinvestors.com