Curated News
By: NewsRamp Editorial Staff
July 18, 2024
Fathom Nickel Reports Promising Exploration Results at Gochager Lake
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- Fathom Nickel's exploration program revealed potential for larger deposits, giving a strategic advantage to investors.
- The field program included a soil geochemical survey and mapping to identify signals and potential deposits on the property.
- The discovery of magmatic nickel, copper, and cobalt deposits could lead to future advancements in sustainable energy technology.
- The presence of significant magmatic nickel deposits and the potential for finding larger deposits make this exploration update quite interesting and educational.
Impact - Why it Matters
This news matters as it highlights the potential for significant magmatic nickel, copper, and cobalt deposits at Gochager Lake, with the discovery of more ultramafic rock expanding the potential for larger deposits. The identification of similar signals at the Mal Lake site also increases the scope and potential of the area.
Summary
Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) CEO Ian Fraser provided an exploration update on the company's Gochager Lake property, revealing promising results from the recent field program. The survey identified signals over the historic deposit, extending potential for finding larger deposits. The discovery of more ultramafic rock with sufficient sulphur saturation expands the potential for magmatic deposits, and similar signals were identified at the Mal Lake site, significantly increasing the scope and potential of the area.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Fathom Nickel Reports Promising Exploration Results at Gochager Lake
