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Fathom Nickel Down 11% On Commencement of Summer Drill Program at the Gochager Lake Project

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Fathom Nickel (FNI.CN) shares fell 11% on Wednesday after the start of its Phase-2 summer drill program at the Gochager Lake project.

The company anticipates drilling six to ten drillholes for a total of about 3,000 meters. Assay results from the Phase-1 drill program are expected to be released in the coming days.

"Phase-2 drilling will further test the mineralization intersected in GL26025 and follow up on multiple strong borehole electromagnetic (BHEM) off-hole anomalies identified in both metasedimentary and gabbroic rocks from the Phase-1 program," said Fathom Nickel chief executive Ian Fraser.

Shares of the company were last seen down $0.005 at $0.04 on the Canadian Securities Exchange.

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