Fathom Nickel starts new Gochager Lake prospecting

Executive Summary

• Fathom Nickel Inc. has launched a one‑week additional prospecting program at the Gochager Lake project, targeting newly exposed outcrop after a recent regional wildfire.
• The program includes chip sampling and on‑site pXRF rock geochemistry along a 1.4 km strike corridor east‑northeast of the historic deposit to better define the expanded ultramafic footprint.
• Initial soil geochemistry results are being received; full assay results are expected by mid‑October, with a public release thereafter.

Key Details

• Program Scope: Mobilization of geology crews for chip sampling and portable X‑ray fluorescence (pXRF) analysis on newly exposed outcrop within the expanded footprint.
• Target Area: Up to 1.4 km strike length east‑northeast of the historic Gochager Lake deposit, focusing on gabbroic‑pyroxenite (ultramafic) rock types.
• Methodology:
• Collection of chip samples from both mineralized and non‑mineralized gabbro‑pyroxenite.
• On‑site scanning of individual chips with a Vanta XRF Analyzer (120 s per sample: 30 s beam 1, 60 s beam 2, 30 s beam 3).
• Elements recorded include Ni, Cu, Co, Cr, Mg and key pathfinder elements.
• Duration: Approximately one week of field work.
• Data Status: Initial soil geochemistry results have been received; complete rock and soil assay results anticipated by mid‑October. Results will be released after full evaluation.
• Qualified Person: Ian Fraser, P.Geo., CEO, VP Exploration and Director (NI 43‑101 Qualified Person) has verified the disclosed data.

Notable Quotes

“The wildfire has exposed more of the favourable gabbro unit in areas previously prospected… Our chip sampling pXRF methodology has been very successful in identifying more of the favourable gabbro‑pyroxenite units… We are confident this program will add more definition to the expanded footprint and expand the favourable gabbro‑pyroxenite units further along strike.” – Ian Fraser, CEO & VP Exploration

Materiality Assessment: Non‑Material – Positive (operational update that does not yet impact financial results but provides positive exploration progress).