MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Receives New Exploration Permit, Commences Exploration Field Activities at the Gochager Lake Project

June 20, 2024 10:44:03

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, today announced the recent receipt of all necessary permits to continue exploration activity at its Gochager Lake project. The company also announced the commencement of exploration field activities at the project, with field crews already mobilized. According to the announcement, the exploration permit, which expires July 31, 2026, allows Fathom to drill up to 60 drillholes; construct and utilize an all-season 25-person camp; do necessary line-cutting ahead of surface geophysical surveys; and prepare necessary ground and ice trails to facilitate the movement of drilling equipment. Additionally, the permit allows the company to utilize temporary “fly camps” during summer-fall field season to conduct site specific, airborne geophysical anomaly follow-up, mapping and prospecting, soil geochemistry, and site-specific geophysical surveys. “We are very pleased to now have the exploration permit in hand. Having completed 16 successful drillholes in little more than a year, this two-year permit is the next step in our exploration plan to aggressively drill the historic Gochager Lake deposit and to continue to expand the deposit to depth and along strike. We expect that camp construction will begin in the coming weeks,” commented Ian Fraser, CEO and VP Exploration.

To view the full press release, visit https://ibn.fm/ivjve

About Fathom Nickel Inc.

Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market. The company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: the Albert Lake Project, a 90,000-plus hectare project that was host to the historic and past-producing Rottenstone deposit, and the 22,000-plus hectare Gochager Lake Project, which is host to an historic, NI43-101 noncompliant open pit resource consisting of 4.3 million tons at 0.295% Ni and 0.081% Cu2. For more information about the company, please visit www.FathomNickel.com.

NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF

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