By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, April 18, 2023

Digging material from the earth’s crust is big business that doesn’t look to be slowing down. According to a Jan. 2023 report by The Business Research Company, the global mining market weighed in at $2.02 trillion in 2022 and rose to $2.15 trillion in 2023. Looking out, the analysts foresee compound annual growth of solid 6.7% to reach $2.78 trillion by 2027.

The biggest driver is supportive governments, many of which will backstop the transition to alternative energies like wind, solar, and electric vehicles. Miners themselves are playing a big part in the shift away from fossil fuels. For instance, Rio Tinto (NYSE: RIO) has a goal to generate 10 percent of 20-25 MW power demand from renewable energy in one of its mines, with expectations to shave diesel use by 4 million liters and carbon dioxide emissions by 12,000 tons. 

With North America the second biggest market in the world, investors are wise to sort out leading players, and they aren’t all going to be the giants of today like Rio Tinto, Barrick (TSX: ABX) (NYSE: GOLD), and Teck Resources (NYSE: TECK) (TSX: TECK.B). Some of tomorrow’s stars are today’s juniors, such as Fathom Nickel Inc. (CSE: FNI) (OTC: FNICF).

Don’t let the name fool you. Fathom Nickel is more than just nickel. The company’s focused on the mid-to-upper Saskatchewan portion of North America’s prolific Trans Hudson Corridor. The corridor may not be a household name to many, but it’s potential becomes clearer with the understanding that the famous Homestake Mine in South Dakota that produced more than forty million troy ounces (43,900,000 oz; 1,240,000 kg) of gold during its lifetime is part of it.

Head due north about 900 miles from the Homestake Mine and you’re still in the heart of the Trans Hudson Corridor before it makes a sharp right turn across Canada over to Labrador.  This region of Saskatchewan is where Fathom is following historic work by others to prove a profusion of metals at its Albert Lake and Gochager Lake projects.

Albert Lake is a 90,000+ hectare project that was host to the historic and past producing Rottenstone deposit (high-grade nickel-copper-and platinum group elements from 1965-1969). Gochager Lake is a 19,000+ hectare project host to a historic, National Instrument 43-101 non-compliant open pit resource; the Gochager Lake deposit, (4.3 million tons at 0.295% nickel (Ni) and 0.081% copper (Cu), defined 1967-1970), an analogous drill tested nickel occurrence of drill intersections >1% Ni (Mal Lake last drilled in 1967), and the Borys Lake Zn-Cu-Pb+Ag (zinc, copper, lead, and silver) occurrence. 

That’s a lot of nickel opportunity with room for hundreds of millions of dollars of byproducts. And the news proving it keeps coming, now that Fathom is funded and executing on an aggressive drill and exploration program using modern technologies, including BHEM (bore hole electromagnetic) tools that interprets additional conductive bodies subsurface.

On April 12, Fathom continued a pattern of announcements disclosing compelling program data from its ongoing exploration program. This time it was assay results from a two drillhole program at the historic Gochager Lake deposit.

Highlights included discovery of continuous nickel mineralization of 1.49% over a length of 58.2 meters, including intercepts as high as 2.95% over 4.2 meters and encountering impressive cobalt grades throughout all zones of mineralization, including a 4.2-meter section grading 0.22%. Fathom also fortuitously cut a 3PE anomaly (Platinum-Palladium+Gold) assaying 28.23 grams per tone over 0.7 meters in hole GL23003. As it went, high-grade 3PE anomalies were localized in both drillholes.

Moreover, the BHEM results suggest a continuation of mineralization to depth and strike, potentially even greater than previously recognized. The potential scale keeps growing as Fathom is the first company to systematically sample the Gochager Lake style of mineralization for cobalt, platinum, palladium, and gold on top of the known nickel and copper mineralization. No one ever thought to do it before; they’re mistake can turn out to be Fathom’s gain.

The above drilling highlights are associated with zones of semi-massive to massive sulphide mineralization. 

"The impressive nickel-cobalt values and, importantly, their consistency over broad intersections, has us very excited and extremely pleased with the results of the two-hole program completed in February. Simply put, this program has been a tremendous success,” said Ian Fraser, CEO and VP Exploration at Fathom in a statement. He went on to add that ’excited’ was a bit of an understatement.

The company is already planning for a summer program at Gochager Lake that will lay the groundwork for a Q3-Q4 drill program. That gives investors another year of news to look forward to.

It’s no wonder shares have more than doubled from February (even with a slight pullback recently). 

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Fathom Nickel Inc. (CSE: FNI)(OTC: FNICF) Full Corporate Write-Up: Click Here.

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