Fathom Nickel Reports Promising Drill Results at Albert Lake Project

Fathom Nickel has announced results from its Q1 drill program at the Albert Lake Project in Saskatchewan, Canada, revealing significant nickel mineralization that could have substantial implications for the company's exploration strategy. The program involved drilling six holes totaling 1,386 meters, with the most notable result coming from drillhole AL24077, which intersected 0.42% nickel over 2.01 meters. This mineralization occurs in orthopyroxenite, the same host rock assemblage found at the nearby Rottenstone deposit, known for its exceptionally high-grade nickel, copper, and platinum group elements.

The discovery's location approximately 1.2 kilometers northeast of the historic Rottenstone deposit adds considerable importance to these findings. Fathom Nickel CEO Ian Fraser emphasized the significance of this proximity, noting that it underscores the potential value of the discovery. The 10% nickel tenor identified in intervals with less than 3% sulphide in drillhole AL24077 suggests the possibility of net-textured to massive sulphide mineralization extending along strike and potentially at depth within the same ultramafic unit.

If further exploration confirms these indications, it could lead to the development of a mineral deposit with metal grades comparable to the historic Rottenstone deposit, representing a major advancement in Fathom Nickel's exploration efforts. The company also provided updates on its flagship Gochager Lake Project, where drilling has been completed and assay results are expected by the end of May. These developments highlight Fathom Nickel's ongoing commitment to advancing its exploration initiatives and unlocking the full potential of its Canadian projects.