Fathom Nickel Inc. Announces the Recent Receipt of All Necessary Permits to Continue Exploration Activity At the Company's Gochager Lake Project
(Figure 2). The team will focus on identifying and mapping the strike extent of the favourable gabbro host-rock and defining other favourable gabbro rock outside of the historic deposit area. Field crews are expected to complete the field program by June 30, 2024. The drone-MAG survey will provide much higher resolution MAG data in comparison to the VTEM survey completed in 2008. Drone-MAG data will be flown at 30m line spacing compared to 100-200m VTEM line spacing. The Drone-MAG data will be collected from approximately 30-35 meters above surface compared to 60-65m collection height of the 2008 VTEM data. The Company has awarded the contract to Tuzo
Geosurveys and looks forward to working with and interpreting this high-resolution data set in the historic Gochager Lake deposit area. They are confident this type of survey will prove very useful in quest to define the extent of the gabbro host-rock at the Gochager deposit as well as, going forward, discover other magmatic nickel sulphide deposits within the 22,000-hectare Gochager Lake property. High-resolution data provides a clearer picture of the magnetic properties of the various intrusive rocks at Gochager and expect to better define the magnetic properties associated with the high-grade Ni-Cu-Co bearing semi-massive to massive sulphides have intersected by drilling.