Fathom Nickel has announced it has secured all necessary permits to advance its exploration activities at the Gochager Lake project. The site, which hosts an historic NI43-101 non-compliant open-pit resource of 4.3 million tons at 0.295% nickel and 0.081% copper, is poised for significant development thanks to these new permits.
These newly acquired permits allow Fathom Nickel to drill up to 60 holes and construct an all-season, 25-person camp. The company also has permission to use temporary 'fly camps' during the summer-fall field season. These camps will support various activities including site-specific airborne geophysical anomaly follow-ups, mapping and prospecting, soil geochemistry, and site-specific geophysical surveys. The exploration permit is valid for two years, expiring in 2026.
According to Fathom Nickel CEO Ian Fraser, the company mobilized field crews last week to begin a soil geochemical survey. The objective is to define a soil geochemical signature associated with the Gochager Lake deposit and use this signature to locate additional similar deposits. Detailed mapping, prospecting, and soil geochemical sampling will focus on areas of conductivity identified through surface time-domain electromagnetic surveys conducted last season. Additionally, the company plans to conduct a detailed drone-MAG survey over the historic Gochager Lake deposit area, covering approximately 385 line-kilometers.
These advancements underscore Fathom Nickel's commitment to expanding its resource base and uncovering new mineral deposits at Gochager Lake. This development holds significant implications for the mining industry as it could lead to the discovery of additional nickel and copper reserves, which are critical for various applications, including electric vehicle batteries and renewable energy technologies.
