The Albert Lake Project consists of 90,127 hectares of drill ready exploration lands located in Saskatchewan, Canada with over 80,000 Ha. currently unexplored.
It is host to the historic Rottenstone Mine, a high-grade, open pit Ni Sulphide past producer (1965 to 1969) with an average grade of 3.23% Ni.
The mineralization of the historic Rottenstone deposit is unique and contains several notable associated metals.
Sample metallurgy also showed favorable metal recoveries of greater than 90% , Ni, Cu, Co and >80% Pd-Pt.
The geological setting of the Alberta Lake Project is in the Trans Hudson Corridor which is host to numerous world-class Nickel mining camps including:
** Grades are from a 23.75 kg of Rottenstone mine mineralization, collected by Fathom and is not necessarily the expected grade of the Rottenstone-type mineral deposits the company is exploring for at Albert Lake
Fathom Nickel’s exciting Albert Lake property is a premier asset that boasts some of the highest-grade nickel ever mined in Canada.
Exploration activity dates back to 1929. The highlight of the property is the historic Rottenstone Mine, which was an open pit mining operation that was in service from 1965 to 1969.
*Historic drilling results suggested a mineral resource for the Rottenstone deposit of approximately 45,400 tonnes grading 2% Ni, 1% Cu, and 5.5 g/t Pt+Pd + rhodium.
During the life of its operation, the project produced a total of 26,057 tonnes of high-grade ore averaging 3.23% Ni, 1.83% Cu and 9.63 g/t Pd‐Pt‐Au.
Fathom Nickel acquired the Rottenstone Property in 2015 during the bottom of the nickel commodity cycle. It has since expanded its holdings in the area substantially.
As part of the acquisition, the Company acquired the historic Rottenstone Mine as well as an extensive, comprehensive, high-quality database of exploration activity conducted on the property. This includes all historical geological, geochemical, and geophysical data.
*The reliability of the historical data and resource estimate presented here cannot be confirmed by the authors, nor can the assumptions, parameters and methods used to prepare the estimates. The estimate is not considered NI 43-101 Compliant by the definition of a “mineral resource” and further work is required to verify the historical estimate as a current mineral resource. Furthermore, records suggest (Saskatchewan Mineral Deposit Index #0958) that some of this historical resource has been exploited making a delineation of this mineral resource impossible. Fathom Nickel is not treating the historical estimate as a current mineral resource.
Rottenstone Resource Extension & New Lens Identification
Heli MAG Property
Drill Results & MAG Analysis
Field Exploration Program
5,000 Meter Drilling Program