Betting on Bedrock; Value Proposition Stocks Drilling Down on High-Grade Potential
Nickel, copper, lithium, and other exploration companies navigate a thrilling, yet risky journey for the potential of uncovering valuable metallic wealth. Their progress is punctuated by key milestones, acting as catalysts that can significantly impact their stock price and overall trajectory.
With drilling programs in full swing or ready to launch, several companies are poised to unlock significant value in 2024. Keep your eyes on Fathom Nickel (CSE: FNI)(OTCQB: FNICF), Exxon Mobil (NYSE: XOM), Faraday Copper (TSX: FDY)(OTCQX: CPPKF), Hannan Metals (TSX-Venture: HAN)(OTCPK: HANNF), and Arizona Metals Corp. (TSX: AMC)(OTCQX: AZMCF). These companies, despite potential market bearishness, boast robust drilling programs and project strong outperformance in the year ahead.
Drilling to Success
In the fourth quarter of 2023, Exxon Mobil began work on what it is branding “Mobil™ Lithium,” which has its sights set on lithium production in southwest Arkansas, an area known to hold significant lithium deposits. Exxon invested in the burgeoning market early in 2023, buying 120,000 gross acres of the Smackover formation.
Faraday Copper recently announced the initiation of its 20,000-meter Phase III diamond drill program at its Copper Creek project in Arizona where it hopes to expand its open-pit resource and make new discoveries.
Hannan Metals is focused on South America, where it just got its environmental permit, a critical component to proceed with drilling at its San Martin copper-silver project in Peru.
Arizona Metals is completing a drill program at its Kay Mine Project in Arizona. Of particular note from the latest results, deep drilling at the Western Target demonstrated the presence of impressive gold mineralization to a depth of almost 1 kilometer.
Fathom Nickel has mobilized its geophysics team and drill contractor at the Albert Lake property, with drilling commencing next week. This project lies within the renowned Trans-Hudson Corridor, a geological belt spanning from the Dakotas in the U.S., through the province of Saskatchewan and east through northern Manitoba and Quebec and boasting a rich history of metal production. The corridor is known for hosting some of the world's most significant metal deposits, raising anticipation for Fathom's exploration efforts.
Validating the Geophysics
Fathom's exploration joins a chorus of value-building activity in the corridor, promising to unlock new chapters in its metallic legacy. Spanning a vast 90,459 hectares, the Albert Lake Project is a cornerstone of Fathom Nickel's portfolio. Within its boundaries lies the historic Rottenstone Mine, a testament to the area's potential for high-grade nickel sulphide deposits.
The company’s new drill program will focus on the Tremblay-Olson Claims area, approximately two kilometers southwest of the Rottenstone Mine, where Fathom Nickel has identified a very robust time domain electromagnetic (TDEM) conductor occurring on the eastern flank of a very robust multi-element-in-soil anomaly. TDEM surveys are a tenet of modern exploration, utilizing short, pulsed electrical currents to generate electromagnetic fields and study the electrical properties of the subsurface, a tactic that helps identify and characterize the location, size, and type of potential conductors (e.g. nickel, copper, and platinum group elements) present underground.
A meticulous approach combining historic data, recent airborne surveys, a gravity survey, soil geochemistry, and a 37.0-kilometer surface TDEM survey conducted in July 2023 identified a highly conductive, high-density target with a strike length of 500 meters and an open northeastern end. These pre-drilling results strongly suggest the presence of a significant mineralized structure, for which the company is aiming to prove up in the coming weeks.
Investors won’t have to wait long for results. Fathom's drill team springs into action next week with a comprehensive program targeting 5-7 holes and up to a combined 2,500 meters. This swift operation, slated for completion within four weeks, promises a dense data package to unveil the subsurface secrets.
--
Fathom Nickel Inc. (CSE:FNI) (OTCQB: FNICF) Full Corporate Write-Up: Click Here.
--
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. AllPennyStocks.com has been compensated eighty-four thousand dollars and was previously compensated sixty-nine thousand dollars by a third-party for its efforts in presenting the FNI profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/SpotLight/1101/Fathom-Nickel-Inc.htm
