Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) said it has started drilling at its Albert Lake project, following a brief delay due to adverse weather conditions.
The drilling operations are aimed at exploring the potential of Fathom’s 100% owned Albert Lake project, with particular focus on the northeastern section of the site where a very strong time domain electromagnetic (TDEM) conductor has been identified.
This conductor is modeled to be more than 350 meters below surface and extends over a minimum strike length of 450 meters, coinciding with a previously identified gravity anomaly.
Additionally, Fathom outlined its exploration strategy for the current campaign, targeting anomalous to very anomalous nickel-in-soil anomalies within the Rottenstone-Tremblay-Olson corridor. The company plans to deploy several drillholes to test positive metals-in-soil anomalies within the Tremblay-Olson Claims area, leveraging soil and rock geochemistry alongside geological and geophysical features.
Mobilization of drilling equipment, initially scheduled for February 2, was postponed until February 4 due to harsh weather conditions. However, the company expressed relief as weather conditions have now normalized, allowing the commencement of drilling activities.
Ian Fraser, CEO and vice president exploration of Fathom, told shareholders that the company is “eagerly anticipating” results of the first two EM grids.
“We are very encouraged that the AirTEM survey flown in 2022 recognizes elevated magnetic intensity directly associated with the Bay-Island Trend discovery occurring ~500 meters northwest of the historic Rottenstone Mine,” Fraser said in a statement. “We now recognize a similar MAG signature trending immediately southwest of the Rottenstone Mine."
Fathom plans to drill around 2,000 meters, encompassing five to seven drillholes, to further investigate the multi-element soil geochemical anomaly at the Tremblay-Olson Claims area. Moreover, additional drill targets are expected to emerge from the 2024 TDEM surveys.
Following the completion of the Albert Lake program, Fathom intends to undertake a similar-sized campaign at the Gochager Lake project.