Newsfile Corp
10 Jun 2026, 11:50 UTC · 1h ago
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Fathom Nickel identified metasedimentary-hosted mineralization at the Gochager Lake deposit, introducing a new geological model that significantly expands the project's footprint. — The shift to a Thompson Nickel Belt-style model suggests a much larger potential resource area than previously anticipated, increasing the upside for the company's valuation.
+0.70Phase-1 drilling has expanded the Gochager mafic-ultramafic intrusive system to at least 1,500 metres of strike. — Confirmed physical expansion of the mineralized system provides tangible evidence of growth in the asset's scale.
+0.50Phase-2 drilling is currently underway to test a new high-priority borehole electromagnetic (BHEM) anomaly and the newly proposed geological model. — Active drilling creates a short-term catalyst for further news, though the actual impact depends on the upcoming assay results.
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The company announced positive drill results and a new geological model that greatly expands the potential footprint of its nickel-copper-cobalt project.
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