Fathom Nickel Inc. (CSE: FNI) announced the discovery of new zones of nickel-copper-cobalt mineralization at its 100%-owned Gochager Lake project in Saskatchewan, building on the company's recently released maiden Mineral Resource Estimate for the deposit. Phase II drilling identified mineralised intercepts both southwest and northeast of the existing MRE boundary, indicating potential for resource expansion. The release states that final Phase II assay results confirm Gochager-style sulphide mineralization extending beyond the current resource envelope.

Key Points

  • Fathom Nickel Inc. (CSE: FNI, FSE: 6Q5, OTCQB: FNICF) — magmatic nickel sulphide explorer operating in Saskatchewan's Trans Hudson Corridor
  • Phase II drilling at Gochager Lake returned new mineralised zones southwest and northeast of the maiden MRE, with the deposit remaining open in multiple directions
  • Drillhole GL26029 intersected 21.44 m of mineralised core approximately 75 m outside the maiden MRE; GL26030 intersected 54.79 m of mineralised core approximately 155 m northeast of the MRE
  • Borehole electromagnetic surveys continue to identify untested conductors along strike and at depth within the 8-kilometre prospective corridor

Phase II Drilling Extends Mineralisation Southwest of Gochager Lake MRE

Drillhole GL26029 intersected semi-massive to massive pyrrhotite-pentlandite-chalcopyrite veins and breccias across 21.44 m of mineralised drill core, located approximately 75 m outside the maiden MRE boundary and approximately 150 m west of high-grade mineralisation within the MRE open pit shell. The release states this intercept remains open to the southwest and carries strong potential to expand the maiden MRE. The mineralisation style is described as consistent with disseminated sulphide domains that host higher-grade, steeply oriented mineralised chutes within the broader Gochager Lake deposit system.

Northeast Discovery Zone and PGE Confirmation in GL26030

Drillholes GL26028 and GL26030 identified a new mineralised zone approximately 155 m northeast of the maiden MRE, with GL26030 returning sulphide mineralisation across 54.79 m of drill core. A platinum assay result of 1,990 ppb Pt over 0.31 m within GL26030 confirms the presence of platinum group element mineralisation within the Gochager Lake system, according to the release. The company notes this represents the deepest PGE intercept recorded at the project to date, and that BHEM surveys indicate stronger conductivity at depth and off-hole beyond current drilling extents.

Metasedimentary Rocks Identified as a New Exploration Target

The Phase II program, which comprised 8 drillholes totalling 3,094 metres, also intersected anomalous nickel-copper-cobalt mineralisation in metasedimentary rocks proximal to and along strike from the deposit. The release states this represents a newly generated exploration target from the 2026 drilling campaign. Fathom describes its Gochager Lake project as spanning more than 33,000 hectares within Saskatchewan's prolific Trans Hudson Corridor, hosting what the company characterises as an open, dynamic magmatic nickel sulphide system whose ultimate size remains unresolved.

Geological Modelling and Integration of BHEM Data Continuing

Fathom's CEO and qualified person Ian Fraser, P.Geo., states in the release that Phase II has identified multiple target areas with potential to expand the maiden MRE and has outlined additional exploration opportunities within intrusive lithologies. The company reports that several high-quality BHEM conductors remain untested at the deposit, along strike, and at depth. Fathom states it is continuing to integrate all datasets to better understand the geological setting of the deposit and the broader 8-kilometre corridor in which it sits.