- Fathom Nickel (FNI) is making a land acquisition in north-central Saskatchewan
- The Calgary-based mineral explorer is acquiring an additional 937 additional hectares near its existing Gochager Lake Property
- The new land is being acquired via direct staking
- The area has a “Very High” ranking for exploration targets based on nickel potential
- Fathom Nickel Inc. (FNI) is unchanged, trading at $0.09 at 10:09 a.m. ET
Fathom Nickel (FNI) is making a land acquisition in north-central Saskatchewan.
The Calgary-based mineral explorer is acquiring an additional 937 additional hectares near its existing Gochager Lake Property.
The land claims are located approximately 10 kilometres southeast of the company’s Gochager Lake exploration program in an area commonly referred to as Mal Lake.
Mal Lake was initially not a priority target area when the company first executed the option agreement in September.
Fathom recently completed a compilation exercise of nickel exploration targets in north-central Saskatchewan. The Mal Lake nickel occurrence received a “Very High” ranking.
The new land is being acquired via direct staking, with the company paying a third party an undisclosed amount of fees.
The company’s entire Gochager Lake Property as a whole is now made of a land package totalling 4,865 hectares in north-central Saskatchewan, approximately 20 kilometres northwest of the village of Missinipe. It is also nearby its flagship Albert Lake Project, easing logistic concerns.
Assay results are expected in April from the company’s most-recent diamond drilling program on the Gochager Lake Property.
“The addition of the New Disposition at Mal Lake adds to our growing interest in this regional play,” said Fathom Nickel CEO and VP Exploration Ian Fraser.
“The Mal Lake nickel occurrence exhibits many features and similarities comparable to what we recognized during our recent exploration program at Gochager Lake.”
Fathom Nickel Inc. (FNI) is unchanged, trading at $0.09 at 10:09 a.m. ET.