- First Atlantic Nickel (TSXV: FAN, OTCQB: FANCF) has reported notable assay results from the RPM Zone.
- Drill hole AN-24-04 intersected 0.23% nickel and 0.31% chromium over 366 meters, confirming a 500-meter mineralized width.
- Phase 2 drilling aims to expand the RPM Zone and investigate links with the Chrome Pond area.
First Atlantic Nickel Corp. (TSXV: FAN, OTCQB: FANCF) announced significant assay results from its Atlantic Nickel Project in Newfoundland. The company reported that drill hole AN-24-04 intersected 0.23% nickel and 0.31% chromium over a remarkable 366-meter stretch. This finding confirms a mineralized width of at least 500 meters within the RPM Zone, reinforcing the project's potential.
The RPM Zone, part of a district-scale 30-kilometer-long ultramafic ophiolite trend, has consistently shown disseminated awaruite mineralization, with all initial drill holes averaging approximately 0.24% nickel. Drill hole AN-24-04 ended in mineralization, indicating further potential for expansion in both width and depth.
Phase 2 of the drilling program is set to begin shortly, aiming to expand the RPM Zone through large-scale step-out drilling and test deeper mineralization. The program will also evaluate the continuity with the Chrome Pond area, which could define a larger contiguous mineralized system.
First Atlantic is also conducting Davis Tube Recovery testing to assess the magnetically recoverable nickel content, crucial for cost-effective magnetic separation processing. This approach aligns with environmentally friendly practices by eliminating the need for smelting, thereby contributing to sustainable mineral development.
The success of this drilling initiative and the potential for further expansion highlight First Atlantic Nickel's commitment to advancing the Atlantic Nickel Project as a key player in North America's critical minerals supply chain.
