Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF)
334Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) - RICH TV LIVE - September 15, 2021 - (the "Company" or "Fathom") is pleased to announce that it has commenced drilling activity at its wholly owned Albert Lake Property, host to the historic Rottenstone mine that produced some of the highest grades of Nickel and Platinum Group metals. #fathomnickel #richtvlive #nickel
The Company has commenced a two-phase fall / winter 6,000-meter drill program. Phase-1 will end mid to late October and Phase-2 will commence late January 2022.
The drilling activities are a follow-up to our winter 2021 drill program, BHEM targets identified in historic drilling, the property-wide gradient MAG survey, a recent gravity survey, localized TDEM surveys, the summer mapping and soil geochemistry program and areas where significant ultramafic intersections were drilled by previous operators of the property.
Note that in a news release issued on August 30, 2021 the Company announced the commencement of an AirTEM survey at Albert Lake. Due to a technical issue this program has been postponed.
The Company has a cash position of approximately $7.2 million and is fully financed to execute on both its fall 2021 and winter 2022 exploration programs.
Brad Van Den Bussche, Fathom's President & CEO also provided a brief statement on the timing of Fathom's fall 2021 exploration program, "We are very pleased with the resumption of drilling activity at the Albert Lake Property. Over the summer months the team completed Phase 1 & 2 of the surface exploration program to better refine our geological model and further define targets for the current drill program. We are excited about the growth forward as we identify additional mineralized areas".
Fathom has entered into a consulting agreement with ARU Global Inc. ("ARU Global") for the provision of marketing services. ARU Global is owned by Brian Uppal, and is located at TOC #3717 Calle Punto Colon, Punta Pacifica, Panama. ARU Global can be reached by phone 507-6532-8900 or email brian@aruglobalinc.com.
Under the terms of the agreement, ARU Global will provide marketing services, particularly in the areas of digital marketing utilizing platforms such as but not limited to Yahoo Finance and YouTube. In addition, ARU Global will identify and engage subcontractors to provide such services, to assist the Company with communicating with its stakeholders, brokers, analysts and the investment community. The term of the agreement is for three months beginning September 13, 2021 at a total cost to the Company of US$120,000 which will be paid in cash. ARU Global and its principal do not own any interest, directly or indirectly, in Fathom Nickel or its securities and do not have any right or intent to acquire such an interest. As part of its services, ARU Global intends to arrange for the creation, publication and distribution of marketing materials discussing the Company, its business and its positioning in the industry. Neither the Company nor its officers and directors will be involved, directly or indirectly, in the creation or distribution of such materials, but will review and approve them before publication.
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