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Fathom Uncovers Gold Zone at Albert Lake Property Along Strike to the Northeast of Ramp Metals Inc.'s Ranger Gold Discovery
Fathom RealtyFathom Realty(US:FTHM) Newsfileยท2024-09-24 11:50

Core Insights - Fathom Nickel Inc. has identified a gold zone at its Albert Lake Property, with a notable grab sample returning 2.68 g/t Au, located approximately 14 km from Ramp Metals Inc.'s Ranger gold discovery [1][2][3] - The prospecting program also revealed 13 outcrop grab samples with anomalous levels of Mg, Cr, Ni, and Co, indicating potential magmatic nickel sulphide mineralization in the area [1][3] - The company plans to conduct follow-up exploration and drilling focused on the gold potential in the coming months [9][10] Company Overview - Fathom Nickel Inc. is an exploration company focused on magmatic nickel sulphide discoveries to support the growing electric vehicle market and secure North American critical minerals [14] - The company owns three exploration projects in Saskatchewan, including the 90,000+ hectare Albert Lake Project, which has historical production from the Rottenstone Mine [15][16] Exploration Activities - Following Ramp Metals Inc.'s significant gold discovery, Fathom initiated a reconnaissance surface sampling program at Albert Lake to explore potential gold mineralization along strike [3][4] - The prospecting program was conducted by a four-person crew from August 6-12, 2024, and resulted in two distinct northeast trending zones of anomalous gold [3][4] Future Plans - Management is enthusiastic about the preliminary results and intends to explore the expansive Albert Lake Property further, with an exploration permit valid until November 2026 [4][10] - The company is also committed to continuing its focus on high-grade nickel camps at both Albert Lake and Gochager Lake properties [10]