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Fathom Nickel CEO Ian Fraser Discusses High-Resolution Geophysical Survey Results at Gochager Lake

Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to announce the results of an unmanned drone high-resolution geophysical survey at the Gochager Lake Property during a discussion with Proactive. Conducted on August 7, the survey covered 367.2 line-kilometers and utilized drone technology for cost-efficient, high-resolution magnetic data collection. The survey, flown over a 9.58 km² area, included traverse and tie lines spaced at 30 meters and 300 meters respectively.

The survey confirmed the effectiveness of UAV technology in capturing valuable geophysical insights, correlating well with soil geochemistry data from June 2024. One notable feature identified is an intriguing "eye-like" signal within the expanded footprint of the survey area, which may indicate a dilatant zone within a broad regional feature. This feature could potentially represent the magma conduit of the historic Gochager Lake deposit. Fraser emphasized that these results significantly enhance the company’s understanding of the structural complexity of the deposit area, further aiding future exploration efforts.

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Broadcast on:
03 Oct 2024
Audio Format:
other

Welcome back inside our proactive newsroom and joining me now is Ian Fraser. He is the CEO of Fathom Nickel and Ian. Welcome back. Good to see you again. Good morning, Steve. Nice to see you as well. Yeah. So the company out with that news today talking about some results from a drone survey that you ran over the over the property that you have, the gochag or light property and coming back with, I guess it's exciting when you get sort of the soil results you had before and then that sort of backed up by what you're seeing from the drone. Exactly. Yeah, the more things that you can stack up correlating with one another, the better. They just, the greater confidence it gives you with respect to these developing targets. You know, so we think we have, well, we know we have the, you know, the necessary host rock and we know that's open along strike and the soil geochemistry is demonstrating that. And now with some of these positive mag, you know, total intensity mag signatures, we're seeing the same sort of thing. These may've picked ultramafic rocks should have a slightly higher magnetic intensity to them. Yeah, can you talk, I noticed in this research you talked about this, this zone within a broader regional feature, an I like signal. Can you explain what I like means and what that, what that is showing you? Yeah, well, I'm glad you brought that up because, you know, when we, we looked at the historic VTEM data and, you know, this, this was a year and a half ago and, and some geophysical consultants looked at it and put together sort of a lithostructural interpretation based on the mag that came from that 2008 VTEM survey. And what was very, very interesting is they, they defined a, you know, they were calling it a thrust, you know, a sheer like feature that comes into the northeast part of the grid that was flown in 2008. And then it exits on the sort of the southeast side of the area that was flown in 2008. And along that feature is the Goshagger Lake deposit. And they interpreted that there was several other Goshagger Lake features along that interpreted thrust feature. And so now that we've condensed that directly over top of Goshagger, and with this high level, high resolution mag, we're seeing, you know, this, this Linamint, this northeast southwest Linamint, and there's a bulge in it. And in that bulge is where the Goshagger Lake deposit is located. So it makes you think that, you know, maybe this was some place, if it is indeed a thrust, it's opened up a little bit, and it's just a perfect conduit for the, the magmas to penetrate the crust. And so, you know, what was kind of cool about this is there's several other high priority targets further along strike along this interpreted thrust. So this, this was a good first step and obviously more work to do. Yeah. And what, what, what does that mean? I mean, like actually getting on the ground and putting some drill holes in, or is it something you can do some more of this sort of desktop geology, which has been very effective so far? Well, we, we, we've developed a good, you know, methodology, how to approach this. And what I would like to do now, and we hope to get out there before the snow flies is, is, you know, what we're going in, we'll put a grid on the ground and we'll do some follow up geophysical surveys from surface because, you know, the electromagnetic surveys are working very, very well subsurface. And, you know, for instance, if these coincidence soil anomalies and coincident magnales suddenly light up with the electromagnetic survey, well, then we've got a bona fide drill target, then we'll get out of it aggressively in the wintertime. All right, good stuff. We'll look forward to hearing more about it when the time is right Ian. Thanks so much. Really good interesting news release today. I appreciate your time. Thank you, Steve. All right, in Fraser. Yeah, talk to you as well Ian Fraser, the CEO of Fathom Nickel.