Fathom Nickel Inc. is pleased to provide an update on the current exploration campaign at it's Gochager Lake Project. Fathom's inaugural exploration campaign, completed in February 2023, consisted of two drillholes designed to confirm the continuity of mineralization outlined from historical drilling on the property. This campaign also marked the very first time that time domain borehole electromagnetics had been trialed [...]
Fathom Nickel Inc. is pleased to announce that it has closed the second and final tranche of its upsized non-brokered offering of flow-through units and non flow-though units , previously announced on May 8, 2023. Pursuant to the Upsized Offering the Company issued 7,894,737 charity flow-through common units at a price per Charity FT Unit of $0.19 for gross proceeds of $1,500,000. Together with the previously closed First [...]
Fathom Nickel Inc. is pleased to announce that with the final cash payment of $75,000, it has now fulfilled all requirements under the agreement to acquire the Watts Lake Mineral Claims from SKRR Exploration Inc. , dated March 21, 2023 1. As a result, Fathom now holds 100% of Watts Lake, consisting of twenty-four mineral claims totalling 13,708 hectares. Watts Lake, together with the lands covered by the original Gochager [...]
Fathom Nickel Inc. is pleased to announce that it has closed the first tranche of its upsized non-brokered offering of flow-through units and non flow-though units , previously announced on May 8, 2023. Pursuant to the Upsized Offering the Company issued 5,266,000 flow-through common units at a price per FT Unit of $0.155 for gross proceeds of $816,230, and 4,742,000 non-flow through Units at a price per NFT Unit of [...]
Fathom Nickel Inc. is pleased to announce that, based on very strong demand for its previously announced best efforts non-brokered private placement financing, the Company has upsized the gross proceeds to up to C$3,000,000 . All other terms of the Upsized Offering remain unchanged: the Upsized Offering will consist of any combination of: charity flow-through units at C$0.19 per Charity FT Unit; flow-through units at [...]
Fathom Nickel Inc. is pleased to announce receipt of assays from the limited two-hole drilling program completed at the Albert Lake Project. Albert Lake Exploration Assay and pXRF results recorded from drillholes AL23073 and AL23074 demonstrate anomalous Ni with associated mafic-ultramafic pathfinder elements Cr and Mg. The anomalous to highly anomalous Cr and Mg, occurring within the drillholes is suggestive of an [...]
Fathom Nickel Inc. is pleased to announce that the Company intends to complete a best efforts non-brokered private placement financing for aggregate gross proceeds of up to C$2,000,000 . The Offering will consist of any combination of: charity flow-through units at C$0.19 per Charity FT Unit; flow-through units at C$0.155 per FT Unit; and hard dollar units at C$0.135 per HD Unit of the Company. Crescat Capital LLC has [...]
Continuous nickel mineralization of 1.49% over a length of 58.2 meters, including intercepts as high as 2.95% over 4.2 meters. Impressive cobalt grades encountered throughout all zones of mineralization, including a 4.2-meter section grading 0.22%. Unexpected 3PE anomaly of 28.23 g/t over 0.7 meters in hole GL23003. BHEM results suggest a continuation of mineralization to depth and possibly along a greater strike extent [...]
Fathom Nickel Inc. is pleased to announce the preliminary modelling of several robust off-hole, borehole electromagnetic conductors associated with five drillholes at the Company's Gochager Lake Project. Highlights Drillhole GL23003 was consistently mineralized throughout the total drillhole length; i.e., 5.35 - 336.00 meters .1 Semi-massive to massive sulphides occur at 124.45 - 148.6 meters and at 171.15 - 180.00 [...]
Gochager Lake land package increased more than 3-fold to 18,569 hectares. Fathom's dispositions now encapsulate approximately 60% of the historic 2008 VTEM coverage. Acquired 100% of Watts Lake mineral claims on favourable acquisition terms; no minimum work requirements. Ground between prospective Gochager Lake nickel deposit and analogous Mal Lake nickel occurrence now controlled by Fathom. Blue-sky potential of [...]
Fathom Nickel Inc. is pleased to announce that pursuant to the Area of Interest clause of the Gochager Lake Option Agreement , the land position covered under the Option Agreement has recently increased by 937 hectares. The Company was recently notified by the Optionor that it had acquired, through direct staking, this 937-hectare disposition MC00016594 . Fathom paid the third-party costs of staking the New Disposition [...]
Fathom Nickel Inc. is pleased to announce that the Q1-2023 drill program at the Gochager Lake Project has been completed. Equipment and personnel are currently being remobilized to the Albert Lake Project. Diamond drilling is expected to commence at Albert Lake by March 3. Commenting on the Gochager Lake Exploration Program, Ian Fraser, CEO and VP Exploration stated, "We are very pleased with the outcome of both the [...]
