Fathom Nickel Reports Promising Drill Results at Albert Lake Project

Fathom Nickel has announced results from its Q1 drill program at the Albert Lake Project in Saskatchewan, Canada, revealing significant nickel intersections that could have substantial implications for the company's exploration strategy. The program involved drilling six holes totaling 1,386 meters, with drillhole AL24077 intersecting 0.42% nickel over 2.01 meters. This mineralization occurs in orthopyroxenite, the same host rock assemblage identified at the nearby Rottenstone deposit, known for its exceptionally high-grade nickel, copper, and platinum group elements.

The discovery's location approximately 1.2 kilometers northeast of the historic Rottenstone deposit adds considerable geological significance to these findings. The 10% nickel tenor identified in intervals with less than 3% sulphide suggests potential for net-textured to massive sulphide mineralization along strike and at depth within the same ultramafic unit. This geological configuration could indicate the presence of mineralization with metal grades comparable to the historic Rottenstone deposit, representing a potentially transformative development for the company's exploration portfolio.

Fathom Nickel CEO Ian Fraser emphasized the importance of these results, noting the strategic implications for understanding the regional geology and mineralization patterns. The company's ongoing work at Albert Lake continues to build on previous exploration data while incorporating new geological models to better target mineralization. These recent findings contribute to the growing body of evidence supporting the potential for significant mineral deposits in the region.

Concurrently, Fathom Nickel has completed drilling at its flagship Gochager Lake Project, with assay results expected by the end of May. The forthcoming data from Gochager Lake will provide additional context for evaluating the company's overall exploration strategy and resource potential across its project portfolio. The combination of results from both projects will help shape the company's future exploration decisions and resource development planning.

The successful drill results at Albert Lake come at a time when global demand for nickel continues to grow, particularly for electric vehicle batteries and stainless steel production. The potential discovery of additional high-grade nickel mineralization in Saskatchewan could have broader implications for regional mining development and supply chain considerations. Fathom Nickel's systematic exploration approach and technical expertise position the company to effectively evaluate and advance these promising discoveries.