Fathom Nickel Reports Promising Drill Results at Albert Lake Project Near Historic Rottenstone Deposit

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 historic Rottenstone deposit located approximately 1.2 kilometers to the northeast.

The geological connection to Rottenstone is particularly significant given that deposit's reputation for exceptionally high-grade nickel, copper, and platinum group elements. The 10% nickel tenor defined in intervals comprising less than 3% sulphide in drillhole AL24077 suggests the possibility of net-textured to massive sulphide mineralization occurring along strike and potentially at depth within the same ultramafic unit. This geological interpretation, if confirmed through additional drilling, could indicate the presence of a mineral deposit with metal grades comparable to the historic Rottenstone deposit.

Ian Fraser, Fathom Nickel's CEO, emphasized the importance of these findings, noting that the proximity to the historic Rottenstone deposit underscores the potential significance of this discovery. The company's exploration approach focuses on understanding the geological controls of mineralization in the region, building on historical data while employing modern exploration techniques. The Albert Lake Project represents a strategic component of Fathom Nickel's broader exploration portfolio in Saskatchewan's mineral-rich terrain.

Concurrent with the Albert Lake results, Fathom Nickel provided an update on drilling activities at its flagship Gochager Lake Project. Fraser confirmed that drilling has been completed, with assay results expected by the end of May. These forthcoming results will provide additional insights into the company's mineral potential and help guide future exploration decisions across its property portfolio. The company maintains an active exploration program designed to systematically evaluate the mineral potential of its Saskatchewan assets.

The recent drill results from Albert Lake come at a time of growing global demand for nickel, particularly for use in electric vehicle batteries and stainless steel production. Successful exploration outcomes in established mining jurisdictions like Saskatchewan could contribute to future nickel supply. Fathom Nickel's methodical approach to exploration, combining geological expertise with systematic drilling programs, positions the company to potentially identify significant mineral resources in this proven mining district.