Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to discuss the findings from a seven-hole drilling program conducted in September at the Gochager Lake Project. The program yielded continuous nickel-copper-cobalt mineralization within large halos that encompass steeply dipping chutes of highly conductive, semi-massive sulphide mineralization with an average nickel grade of approximately 1-3%.
Fraser explained to Proactive that ongoing drilling efforts have consistently demonstrated that areas exhibiting greater than 1% nickel content correlate with high conductivity zones as outlined by borehole electromagnetic surveys. Highlighting the significant intercepts, one of the drill holes encountered a massive sulphide vein that returned 3.25% nickel over a 0.64-meter section. The complex off-hole conductivity responses detected suggest the presence of additional mineralization of similar type and grade nearby.
Looking ahead, Fathom Nickel plans to dedicate the remainder of 2023 to analyzing the drilling and geophysical data accumulated over the year. The company has set ambitious objectives for the first quarter of 2024, aiming to undertake 3,000 to 5,000 meters of drilling at Gochager Lake. The goal is to further delineate the broad mineralized halos and more precisely define the zones of higher-grade mineralization that they contain.