Fathom Nickel has announced the expansion of its portfolio through the acquisition of the Friesen Lake property. This strategic move involves the acquisition of three mineral dispositions, secured directly through the Government of Saskatchewan's MARS portal.
The newly acquired Friesen Lake property spans approximately 10,133 hectares and is immediately adjacent to the Toppings Lake Cu-Ni showing. The Friesen Lake and Toppings Lake showings are located approximately 40 km and 55 km southwest of the historic Rottenstone mine, respectively. The Rottenstone Mine, operational from 1965 to 1969, is renowned for producing some of the highest magmatic nickel sulphide grades in Canadian mining history.
Ian Fraser, CEO of Fathom Nickel, highlighted that the Friesen Lake property features a northeast trending ultramafic dyke-like structure, which has been exposed over a strike length of 240 meters and a width of up to 60 meters. Historical drilling at the Friesen Lake showing revealed notable drillhole widths of ultramafic rock up to 38.5 meters, with localized zones of mineralization yielding up to 565 ppm Ni, 540 ppm Cu, and 0.2 g/t Pd-Pt.
This acquisition significantly enhances Fathom Nickel's strategic position, expanding its exploration potential in a region well-known for its high-grade nickel sulphide deposits. The addition of the Friesen Lake property is expected to provide Fathom Nickel with numerous opportunities for further exploration and development, positioning the company advantageously within the competitive mining industry.
