Fathom Nickel has announced results from its Q1 drill program at the Albert Lake Project in Saskatchewan, Canada, revealing significant nickel mineralization that shows geological similarities to the nearby historic Rottenstone deposit. The program involved drilling six holes totaling 1,386 meters, with drillhole AL24077 intersecting 0.42% nickel over 2.01 meters in orthopyroxenite host rock. This geological formation is integral to the host rock assemblage identified at the Rottenstone deposit, known for its exceptionally high-grade nickel, copper, and platinum group elements.
The mineralization's location approximately 1.2 kilometers northeast of the historic Rottenstone deposit underscores the potential significance of this discovery. The 10% nickel tenor defined in intervals comprising less than 3% sulphide in drillhole AL24077 suggests the possibility of net-textured to massive sulphide mineralization occurring along strike and potentially at depth within the same ultramafic unit. This geological characteristic could lead to the development of a mineral deposit with metal grades comparable to the historic Rottenstone deposit.
Fathom Nickel CEO Ian Fraser emphasized the importance of these findings, noting the strategic implications for the company's exploration portfolio. The company also provided an update on drilling activities at 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 across its Canadian projects.
The intersection of nickel mineralization in orthopyroxenite represents a significant geological finding, as this rock type is characteristic of the mineralization style found at Rottenstone. The company's technical team is analyzing the data to determine the extent and continuity of the mineralization, which will guide future drilling programs and resource estimation work at the Albert Lake Project.
