Fathom Nickel 4,000m Drilling Starts – 8km High-Grade Strike Extension Target

Ian Fraser, CEO of Fathom Nickel, provides an update on the company’s flagship Gochager Lake high-grade nickel project in Saskatchewan. He outlines the exploration thesis for the underexplored Trans-Hudson orogeny, the extension of the mineralized corridor to 8 km along strike from the historic past-producing deposit, and the details of the newly funded 3,000–4,000 metre drill program that commences this week.

• Fathom Nickel controls over 133,000 hectares in Saskatchewan targeting nickel within the underexplored Trans-Hudson orogeny, including the past-producing high-grade Gochager Lake deposit (1965–1969) that has seen virtually no modern exploration since the late 1960s.
• The company has extended the geophysical, geochemical, and geological footprint of the Gochager Lake system up to 8 km along strike using soil geochemistry, identifying consistent nickel tenor and multiple high-priority target areas.
• A successful $4 million financing was closed in a challenging market, fully funding an initial 3,000–4,000 metre drill program that begins this week, starting approximately 2 km from the historic deposit to test large soil and rock anomalies for repetition of mineralization.
• Historic high-grade shoots at Gochager Lake returned 2–3% nickel, ~0.5% copper, and cobalt grades up to 2%; the current program is designed to locate similar steeply plunging shoots within the disseminated sulfide shell along the extended corridor.
• Short-term success is defined as demonstrating scale through repetition of high-grade mineralization; longer-term plans include 10,000–15,000 metres of drilling in 2026, supported by borehole EM on all holes, additional surface geophysics, and continued soil geochemical expansion.