RE:Crescat on Fathom
Well Quinton Hennigh said in his latest presentation the company figures there is a whopper of a conductor deeper down below past drill holes and I think they are probably right. I always figured they were only drilling the top of the system. The BHEM was indicating increasing conductivity deeper down at depth beyond every hole. I said long ago Fathom needed to drill deeper and now they have zeroed in on the sweet spot at Gochager and will drill deep. I'm looking forward to seeing what the next round of deeper holes will show once they finalize the financing details.
Most magmatic nickel sulphide deposits in the world are found deeper down. I'm glad that they now realize they have to drill deep beyond 400 meters. Most of the nickel sulphides at Voisey's with the exception of the Ovoid deposit was deep. Somebody recently told me they have confirmed mineralization at the Eastern Deeps down to the 1100 meter level and still finding more nickel sulphides. The issue with most of these systems and the reason they are so hard to find is they rarely come to surface so they were missed by prospectors. If Voisey's Bay didn't have discovery hill and the Ovoid near surface it would have been missed. And I'm pretty sure they have gone deeper than 1500 meters at the Thompson Nickel Belt in Manitoba.
It is just like Quinton Hennigh explained early in his presentation that most of the easy pickings (mineral deposits near surface) were found way back in the 80's and 90's. Now with modern day geophysics explorers are going deeper to find deposits. Fathom Nickel should hit something significant on their next round of drilling.