Fathom Nickel reported that follow-up drilling of off-hole BHEM conductors has intersected two new zones of gabbro-hosted nickel-copper-cobalt mineralization northeast and southwest of the historic Gogacher Lake deposit.
Beyond the Headline
Fathom Nickel reported that follow-up drilling of off-hole BHEM conductors has intersected two new zones of gabbro-hosted nickel-copper-cobalt mineralization northeast and southwest of the historic Gogacher Lake deposit. With about two-thirds of the planned 3,000-meter program now complete, the Company expects drilling to conclude by June 30, with core logging and processing to be completed during the first week of July. Phase-2 assay results are expected to be released in early August. This press release reports only visual results with the aid of a portable Vanta™ XRF Analyzer.
Drillhole GL26028 intersected nickel-copper-cobalt mineralization in ultramafic and gabbroic rocks from 278.0 to 311.0m. This zone is approximately 100 meters northeast of the historic Gochager Lake deposit. The press release highlighted a core photo of the 294.2 to 301.0m interval, which includes semi-massive sulphide veins with pyrrhotite hosting visible pentlandite and trace chalcopyrite, within a broader zone of disseminated-interstitial, locally net-textured and stringer-style pyrrhotite with visible pentlandite.
Drillhole GL26029 intersected nickel-copper-cobalt mineralization in gabbro from 193.8 to 214.4m. This hole was drilled as a follow-up to GL24014 to test an off-hole BHEM anomaly, intersected gabbro-hosted nickel-copper-cobalt mineralization approximately 150m southwest of the deposit, and represents another new zone, the farthest southwest mineralized intercept on the property to date. The highlighted core photo of the 204.6 to 212.5m interval that comprises coarse to fine-grained gabbro containing chalcopyrite stringers, disseminated-interstitial pyrrhotite hosting pentlandite, and semi-massive sulphide breccia veins of pyrrhotite-chalcopyrite with visible pentlandite.
Fathom also reported that it continues to benefit from the elimination of helicopter dependency, and this has resulted in approximately an additional 1,000 meters of drilling over and above what was originally planned and budgeted for.
Drill results are encouraging however a full assessment of their significance awaits release of the assay results. Locations of holes are shown in Figure 1.
Figure 1
Source: Fathom Nickel
Drill hole plan map (Fathom Nickel press release June 24, 2026).
