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Luncheon Details:
Date: Friday, October 11th, 2024
Location: Kerby Centre – downtown Calgary (1133 – 7th Ave. SW)
Doors open at 11:30 am
Talk starts at 12:00 pm (NOTE TIME FOR THIS LUNCHEON)
Membership: $25
Luncheon for Members: $30
Luncheon Non-members: $35
Talk and Beverage (Coffee, Juice, Pop): $10
University, SAIT, NAIT students: FREE with student ID (with purchase of membership)
NOTE: There is complimentary parking at the Kerby Centre. Parking lots are located beside the building (east) or across the LRT (North). Register your vehicle at Reception.
Presenter Bio:
Presention Abstract:
Exploration Update for Fathom Nickel’s Albert Lake and Gochager Lake Projects
The Gochager Lake and Albert Lake Properties are located within the Trans Hudson Orogeny (Corridor) and specifically, ~100 km due north of La Ronge Saskatchewan. The Company optioned the Gochager Lake Property in September 2022 and through acquisition and direct staking has expanded the property to 23,000+ hectares. The Gochager Lake Property is host to the historic Gochager Lake deposit interpreted to be a low-grade, bulk tonnage style of mafic hosted magmatic Ni-Cu-Co sulphide type mineralization. In a very brief period of time (2023-2024) with sixteen drillholes and just over 5,000 meters of drilling, Fathom has confirmed a very complex open magmatic nickel sulphide system with a very significant cobalt credit. Through surface exploration the Company has expanded the geological, geochemical footprint of the historic deposit area over an area that now measures >1.7 km2. Drilling has confirmed the presence of semi-massive to massive Ni-Cu-Co sulphide breccias occurring as veins and chutes that are contained within a very broad variable-textured gabbro that is host to disseminated to interstitial Ni-Cu-Co sulphide mineralization. This variable-textured gabbro; the “container” rock is wide open for expansion in all directions. Extensive borehole electromagnetic surveys (BHEM) have determined the zones / veins of semi-massive sulphide breccias to be highly conductive which enables a very efficient and effective methodology to explore for additional zones of sulphide breccia mineralization through continued drilling and from surface surveys. With proven methodology and the expanded footprint Fathom feels the Company is in great position to expanding upon the historic Gochager Lake deposit and discovering additional Gochager-like deposits in a mining-friendly jurisdiction; the province of Saskatchewan.
The 90,000+ hectare Albert Lake Property hosts the famous Rottenstone Mine. The Rottenstone Mine was in production 1965-1969 and to this day has the record of producing some of the highest-grade Ni-Cu+PGE-Au ore mined in Canadian Mining history. The “knock” against Rottenstone was the deposit was small and that is all that exists! Fathom is the first Company in a very long history of explorers to prove that the historic Rottenstone deposit is not an isolated occurrence but indeed part of a very large, dynamic, open magmatic nickel sulphide system. Through diligent review of historic exploration records and through a methodical approach to exploration Fathom has discovered Rottenstone-like mineralization; the Bay-Island Trend 500 meters west-northwest of the historic mine. Recent drilling in the Tremblay-Olson Nic5 area 1.5 kilometers south-southwest of the Rottenstone Mine intersected very high Ni-tenors (10-12%) in Rottenstone host rock. This drill intercept validates and further supports that a very robust 4km2 multi-element soil geochemical anomaly is indicative of mineralized ultramafic rock occurring in the subsurface. The Bay-Island Trend and the developing Tremblay-Olson Nic5 target is proof of concept that the historic Rottenstone deposit and its spectacular grade is not an isolated occurrence but part of a large, open magmatic nickel sulphide system.
Corporate Summary
Fathom Nickel Inc. (FNI:CSE) is a mineral exploration company focused on supplying critical minerals to the North American and European economies. The company completed its initial IPO in March of 2021 and commenced trading on the CSE in May of 2021. The Company is nickel focused, with three nickel projects in Saskatchewan and is determined to demonstrate Saskatchewan can host “world class” magmatic nickel sulphide deposits.