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Fathom Nickel Expands the Gochager Lake Property and Announces Delay of Summer Field Exploration
Newsfile· 2025-06-11 11:45
Core Viewpoint - Fathom Nickel Inc. has expanded the Gochager Lake Property by adding 10,519.43 hectares, bringing the total area to 34,409.34 hectares, while the planned summer field exploration has been delayed due to wildfires in Saskatchewan [2][4]. Company Update - Fathom Nickel is hosting a live update webinar for shareholders and stakeholders on June 11, 2025 [2]. - The company has expanded the Gochager Lake Property through direct staking with the Government of Saskatchewan [2]. Property Expansion Details - The expansion includes three contiguous mineral dispositions totaling 10,519.43 hectares [4]. - The Gochager Lake Property now consists of 39 contiguous mineral claims [4]. - The new staking covers known nickel-copper occurrences and gold occurrences, as well as potential extensions of the Borys Lake VMS-style trend [4]. Exploration Plans - The planned field exploration at Gochager Lake has been postponed due to wildfire conditions in the La Ronge area [4]. - Fathom intends to commence the field exploration later in the summer when conditions allow [4]. Geological Insights - The Gochager Lake Property hosts the historic Gochager Lake deposit, with a re-interpretation of a 2008 VTEM™ survey identifying a prospective structural corridor known as the "Gochager Trend" [5]. - The 2008 VTEM™ survey highlights complex conductors along the Gochager Trend [5]. - Fathom's analyses confirm that the mineralization at Mal Lake is analogous to the Gochager Lake deposit [5]. CEO Statement - The CEO of Fathom Nickel emphasized the potential of the Gochager Lake Property, highlighting not only nickel-copper-cobalt but also the importance of gold opportunities in Saskatchewan [6]. - The recent property expansion was motivated by an evolving understanding of the area and the potential for additional magmatic nickel sulphide deposits [6]. Additional Geological Data - The newly staked claims report multiple occurrences of anomalous Ni-Cu-Zn in bedrock and gold up to 2.68 g/t Au associated with shear-hosted quartz veins [7].