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Fathom Nickel Inc C.FNI

Alternate Symbol(s):  FNICF

Fathom Nickel Inc. is a Canada-based exploration company. The Company is targeting magmatic nickel sulfide discoveries to support the growing global electric vehicle market and to secure the supply of North American critical minerals. The Company has a portfolio of three exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: Albert Lake Project, Gochager Lake Project, and Friesen Lake Project. The Albert Lake property consists of approximately 90,000+ hectares, located within the Rottenstone Domain, which defines the western margin of the Trans Hudson Corridor. The Gochager Lake property, consists of 34 contiguous mineral claims totaling over 22,620 hectares. Its 10,000+ hectare Friesen Lake Project is located 40 kilometers (km) southwest of the historic Rottenstone Mine and 30km northwest of the Gochager Lake deposit.


CSE:FNI - Post by User

Comment by megacopperon Mar 14, 2024 2:30am
86 Views
Post# 35931992

RE:RE:RE:RE:Fork

RE:RE:RE:RE:Fork

hankhenry44 wrote: Thanks. Very informative post. So raise more money, carry out the appropriate advanced geophysics and drill the best 2 or 3 targets?

 


They are currently drilling at Gochager. They don't need more money at the moment. They just raised $4.5 million and they had about half a million left over from the previous financing. So before they started drilling this year they had $5 million in the kitty. So they are looking much better financially this year than they were last year when they ran out of money. 


This could still turn into a good news story eventhough Albert Lake didn't hit this time around. Hopefully Quinton Hennigh explains the geological relationship of the sulphidic iron formation they intersected at that deep target in the sedimentary rocks that is mostly likely the source of sulphur that the metals from deep within the mantle reacted with to form the nickel sulphides in the original Rottenstone deposit. I'm sure the geological experts are piecing all of this together and will have a lot more to say about it. 

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