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First Atlantic Nickel Announces New Alloy Max Zone Discovery - A Second Large-Scale Awaruite (Ni?Fe) Target Area Extending 7 km North from the RPM Zone at the Pipestone XL Nickel-Cobalt Alloy Project
GRAND FALLS-WINDSOR, Newfoundland and Labrador, March 18, 2026 (GLOBE NEWSWIRE) -- First Atlantic...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Announces New Alloy Max Zone Discovery - A Second Large-Scale Awaruite (Ni₃Fe) Target Area Extending 7 km North from the RPM Zone at the Pipestone XL Nickel-Cobalt Alloy Project\nGRAND FALLS-WINDSOR, Newfoundland and Labrador, March 18, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is pleased to announce the discovery of a second large-scale awaruite (Ni₃Fe) nickel-cobalt alloy target area, designated Alloy Max, extending 7 kilometers (km) north of the existing RPM Zone (see Figure 1) within the 30 km Pipestone Ophiolite Complex at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. The Alloy Max zone was discovered through the Company's ongoing district-wide surface sampling program, which integrates field geological mapping, rock sampling, Davis Tube Recovery (“DTR”) metallurgical testing, and geophysics to identify magnetically recoverable nickel in awaruite alloy mineralization throughout the 30 km trend. This work has outlined an initial target area at Alloy Max of approximately 4 km in length and 1.2 km in width (see Figure 1), with DTR surface sample grades similar to those observed at the RPM Zone. Geophysical processing on this target indicates the potential for a larger mineralized area than the RPM Zone. At the RPM Zone, this pattern is well established, where drill cores consistently return higher grades than weathered surface samples. Alloy Max is fully permitted and funded for drilling, with ground access in place, minimal overburden, and numerous drill targets identified. The Alloy Max zone is a new area of awaruite mineralization extending 7 km north of the RPM Zone discovery, reinforcing the district-scale potential of the Pipestone XL Nickel-Cobalt Alloy Project. The Company now has two large-scale awaruite target areas identified within the 30 km Pipestone Ophiolite Complex, with additional untested targets and unexplored ground throughout the district. At the RPM Zone, drilling has confirmed magnetically recoverable awaruite nickel mineralization over an area 800 meters (m) wide and 1.2 kilometers (km) long. Alloy Max is a priority for drilling in 2026 and could represent a second large-scale near-surface zone of awaruite suitable for open pit style bulk tonn...