Fathom Announces Start-Up of the Gochager Lake Summer Field Exploration Program
Fathom Nickel (OTCQB:FNICF) has initiated its summer field exploration program at the Gochager Lake Project, following a delay due to wildfires in the La Ronge region. The program includes extensive mapping, prospecting, and collection of approximately 4,000 B-horizon soil samples.
The company will focus on three significant multi-element soil geochemical anomalies discovered in 2024: a 600m x 150m feature west of Weaver Lake Camp, a 500m combined strike area north-northwest of camp, and a 200m strike circular feature along Gochager Lake's northern shore. These anomalies showed impressive nickel concentrations, with values reaching up to 1,650ppm Ni.
The program, expected to complete within 3 weeks, will explore areas along the Interpreted Regional Shear, which may host clustered magmatic nickel sulphide deposits.
Fathom Nickel (OTCQB:FNICF) ha avviato il suo programma estivo di esplorazione sul campo presso il Progetto Gochager Lake, dopo un ritardo causato dagli incendi boschivi nella regione di La Ronge. Il programma comprende un ampio mappatura, prospezione e la raccolta di circa 4.000 campioni di suolo dell'orizzonte B.
L'azienda si concentrerà su tre significative anomalie geochimiche multi-elemento nel suolo scoperte nel 2024: una area di 600m x 150m a ovest del campo Weaver Lake, una zona di 500m di estensione combinata a nord-nordovest del campo e una anomala circolare di 200m di estensione lungo la sponda settentrionale del lago Gochager. Queste anomalie hanno mostrato concentrazioni di nichel impressionanti, con valori che raggiungono fino a 1.650 ppm di Ni.
Il programma, che si prevede sarà completato entro 3 settimane, esplorerà aree lungo la Cisalitura Regionale Interpretata, che potrebbe ospitare depositi raggruppati di solfuri magmatici di nichel.
Fathom Nickel (OTCQB:FNICF) ha iniciado su programa de exploración de campo de verano en el Proyecto Gochager Lake, tras un retraso debido a incendios forestales en la región de La Ronge. El programa incluye un extenso mapeo, prospección y la recolección de aproximadamente 4,000 muestras de suelo del horizonte B.
La compañía se centrará en tres significativas anomalías geoquímicas de suelo multi-elemento descubiertas en 2024: una característica de 600m x 150m al oeste del campamento Weaver Lake, un área combinada de 500m de extensión al norte-noroeste del campamento y una anomalía circular de 200m de extensión a lo largo de la orilla norte del lago Gochager. Estas anomalías mostraron impresionantes concentraciones de níquel, con valores que alcanzan hasta 1,650 ppm de Ni.
Se espera que el programa, que se completará en unas 3 semanas, explore áreas a lo largo del Cizallamiento Regional Interpretado, que podría albergar depósitos agrupados de sulfuros magmáticos de níquel.
Fathom Nickel (OTCQB:FNICF)는 La Ronge 지역의 산불로 인한 지연 후 Gochager Lake 프로젝트에서 여름 현장 탐사 프로그램을 시작했습니다. 이 프로그램에는 광범위한 지도 작성, 탐사 및 약 4,000개의 B-지층 토양 샘플 수집이 포함됩니다.
회사는 2024년에 발견된 세 가지 주요 다원소 토양 지구화학 이상 현상에 집중할 예정입니다: Weaver Lake 캠프 서쪽의 600m x 150m 구역, 캠프 북북서쪽의 500m 연속 구역, 그리고 Gochager Lake 북쪽 해안선을 따라 200m 원형 구역입니다. 이 이상 현상들은 최대 1,650ppm Ni에 달하는 인상적인 니켈 농도를 보였습니다.
3주 내에 완료될 예정인 이 프로그램은 해석된 지역 전단대를 따라 군집된 마그마성 니켈 황화물 매장지를 탐사할 것입니다.
Fathom Nickel (OTCQB:FNICF) a lancé son programme d'exploration estivale sur le terrain au projet Gochager Lake, après un retard dû aux incendies dans la région de La Ronge. Le programme comprend une cartographie étendue, de la prospection et la collecte d'environ 4 000 échantillons de sol de l'horizon B.
L'entreprise se concentrera sur trois anomalies géochimiques multi-éléments significatives découvertes en 2024 : une zone de 600 m x 150 m à l'ouest du camp Weaver Lake, une zone de 500 m de longueur combinée au nord-nord-ouest du camp, et une anomalie circulaire de 200 m de longueur le long de la rive nord du lac Gochager. Ces anomalies ont révélé des concentrations impressionnantes de nickel, atteignant jusqu'à 1 650 ppm de Ni.
Le programme, qui devrait s'achever en 3 semaines, explorera des zones le long du cisaillement régional interprété, susceptibles d'abriter des gisements groupés de sulfures magmatiques de nickel.
Fathom Nickel (OTCQB:FNICF) hat sein sommerliches Feldexplorationsprogramm beim Gochager Lake Projekt gestartet, nachdem es aufgrund von Waldbränden in der Region La Ronge zu Verzögerungen gekommen war. Das Programm umfasst umfangreiche Kartierung, Prospektion und die Sammlung von etwa 4.000 Bodenproben aus dem B-Horizont.
Das Unternehmen wird sich auf drei bedeutende multi-elementare bodengeochemische Anomalien konzentrieren, die 2024 entdeckt wurden: ein 600m x 150m großes Gebiet westlich des Weaver Lake Camps, ein 500m langer Bereich nördlich-nordwestlich des Camps und eine 200m lange kreisförmige Anomalie entlang des nördlichen Ufers des Gochager Lake. Diese Anomalien zeigten beeindruckende Nickelkonzentrationen mit Werten von bis zu 1.650 ppm Ni.
Das Programm, das voraussichtlich innerhalb von 3 Wochen abgeschlossen sein wird, wird Gebiete entlang der interpretierten regionalen Scherzone erkunden, die möglicherweise konzentrierte magmatische Nickelsulfidlagerstätten beherbergen.
- None.
- Program delayed due to wildfires in the La Ronge region
- Results and soil assays pending completion of the program
Calgary, Alberta--(Newsfile Corp. - July 21, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce that the geological field crew mobilized to the Gochager Lake Project on July 19, 2025, for the commencement of the summer field program. The program had been postponed due to wildfires in the La Ronge region (Fathom Press Release, June 11, 2025).
The Gochager Lake Project Summer Field Program (the "Program")
The Program is expected to entail the following:
(See map in Figure 1)
- Line cutters have now completed a 3-week assignment to establish a 100m-spaced grid that will accommodate future ground geophysical survey(s), as well as the completion of a 3.5 km trail from the Weaver Lake Camp (the "Camp") to Gochager Lake.
- The geological crew will focus on mapping and prospecting further along strike of the area mapped and prospected in 2024 (See Fathom Press Release August 26, 2024) - notably, to the northeast and southwest of the historic Gochager Lake deposit and within the Interpreted Regional Shear (Conduit).
- Approximately 4,000 B-horizon soil samples will be collected along strike to the northeast and southwest of the area covered by soil geochemistry in 2024.
- Of particular interest of for the Program are three very robust multi-element (Ni-Cu-Co+Cr-Mg) soil geochemical anomalies (See Fathom Press Release August 26, 2024):
- Soil geochemical anomaly (1) - Is a linear, 600m x 150m feature occurring immediately west of the Camp. Twelve individual samples, spaced 50m apart, all returned assay values >98th percentile Ni (162.5ppm), ranging from 190ppm Ni to 973ppm Ni. The 973ppm Ni sample also returned 295ppm Cu, and 91ppm Co. Anomaly 1 occurs along the southern boundary of the Interpreted Regional Shear (Conduit) and may be representative of magmatic nickel sulphides concentrating along this interpreted structural contact.
- Soil geochemical anomaly (2) - Occurs approximately 1.5km north-northwest of Camp. Five individual samples define two separate anomalies measuring a combined strike of approximately 500m and are located along the northern boundary of the Interpreted Regional Shear (Conduit). Individual samples all score >98th percentile Ni; the highest value being 712ppm Ni, with 76.4ppm Cu and 91.1ppm Co.
- Soil geochemical anomaly (3) - Occurs along the northern shore of Gochager Lake and is proximal to the northern boundary of the Interpreted Regional Shear (Conduit). Four individual samples, along a strike of 200m, define a circular feature, and all score >98th percentile Ni, the highest value being 1,650ppm Ni with 116.5ppm Cu and 373ppm Co.
- The Company is optimistic that there will be outcrop proximal to geochemical anomalies 1, 2 and 3. There is also a distinct possibility of encountering rock types similar to the mineralized host rock at the historic Gochager Lake deposit.
- Prospecting will also focus on areas defined as priority exploration targets generated from the results from the historic 2008 VTEM survey.
- The Program is expected to be completed within 3 weeks. Soil assays and other findings will be reported as that information becomes available.
Ian Fraser, Fathom CEO and VP Exploration stated, "We are excited to get into the field and continue to expand on the very successful field program completed in 2024. We are very intrigued by the location and the robustness of the soil anomalies defined along the boundaries of our Interpreted Regional Shear. Magmatic nickel sulphide deposits tend to occur in clusters along a common structural feature. The historic Gochager Lake deposit occurs within this interpreted structural feature / possible conduit, and we look forward to unravelling the cause of these three very robust multi-element soil geochemistry anomalies. In addition to the Ni-Cu-Co values defining these anomalies, we are also very encouraged that associated Cr-Mg is also very highly anomalous. Cr-Mg are key pathfinder elements associated with mafic-ultramafic rock, and specifically the historic Gochager Lake deposit host rock."
Figure 1 - 2024 Ni In-Soil Results and 2025 Exploration Plan
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7843/259443_e12aa86f64c63a2a_002full.jpg
Qualified Person and Data Verification
Ian Fraser, P.Geo., CEO, VP Exploration and a Director of the Company and the "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.
About Fathom Nickel Inc.
Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the green energy transition and to secure the supply of North American Critical Minerals.
The Company now has a portfolio of three high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone Mine1 (produced 28,724 tons @
1 - The Saskatchewan Mineral Deposit Index (SMDI #0958) reports the production grades noted above from a small open pit; the Rottenstone Mine. Fathom cannot confirm the production grade values, nor a historic resource estimate that may have been in place ahead of production. All historic records of pre-mine development and mine production are lost. The Company can confirm the historic Rottenstone open pit exists. Due to exploitation by mining (1965-1969), it is impossible to confirm production tonnage or pre-production tonnage. The Company trusts the production and grade values, as noted in SMDI #0958, to be accurate. The Company has performed test assaying of Rottenstone-type mineralization and results are consistent with reported production grades.
2 - The Saskatchewan Mineral Deposit Index (SMDI #0880) reports drill indicated reserves at the historic Gochager Lake Deposit of 4,262,400 tons grading
ON BEHALF OF THE BOARD
"Ian Fraser"
CEO, VP Exploration, Director
For further information, please contact:
Ian Fraser, CEO, VP Exploration
1-403-650-9760
ifraser@fathomnickel.com
Or
Doug Porter, President and CFO
1-403-870-4349
dporter@fathomnickel.com
Forward-Looking Statements:
This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding payment of terms under the Option Agreement, permitting for the Property, receipt of an exploration permit, timing of the exploration program on the Property and the Company achieving the earn-in thresholds under the Option Agreement. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259443
FAQ
What are the key findings from Fathom Nickel's (FNICF) Gochager Lake soil anomalies?
When will Fathom Nickel's (FNICF) Gochager Lake summer exploration program be completed?
What is the scope of Fathom Nickel's (FNICF) 2025 summer exploration program?
Why was Fathom Nickel's (FNICF) summer exploration program delayed?
What infrastructure improvements were made at Fathom Nickel's (FNICF) Gochager Lake site?
