Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) has added a new property to its growing portfolio in Saskatchewan near a recent discovery that has directed eyes to the region.
The junior resource firm has acquired three mineral dispositions totaling 10,133 hectares at Friesen Lake.
The property, situated near the historic Rottenstone mine, covers the nickel (Ni), copper (Cu), and platinum (Pt) showing and is adjacent to the Toppings Lake Cu-Ni showing.
Three mineral dispositions were acquired directly through the Government of Saskatchewan’s MARS portal, Fathom said in a statement.
Fathom told shareholders that the acquisition comes amidst a flurry of interest following Ramp Metals Inc.'s recent drill results in the area, where the company intercepted multiple zones of gold mineralization, including a notable 73.55 gram per ton (g/t) Au and 19.50 g/t Ag from 227 to 234.5 meters.
“The recent Ramp Metals drill result announcement has brought a lot of attention to the area and a bit of a staking rush,” Ian Fraser, Fathom’s CEO and vice president exploration, said in a statement.
“We felt it was important for Fathom to secure these dispositions and cover these known Ni-Cu-Pd-Pt showings before the staking frenzy grabbed this land ahead of us.”