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First Atlantic Nickel Extends Strike Length of RPM Zone Discovery by 400 Meters, Intersecting .23% Nickel Over 396 Meters in Fourth Drill Hole
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: ...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Extends Strike Length of RPM Zone Discovery by 400 Meters, Intersecting .23% Nickel Over 396 Meters in Fourth Drill Hole\n\n\n\n VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is excited to report assay results from drill hole AN-24-05, the fourth and final hole of the Phase 1 drilling program at the RPM Zone, located within its 100%-owned Atlantic Nickel Project in central Newfoundland. This hole, positioned as a 400-meter step-out to the north of the initial discovery hole (AN-24-02), intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden and continuing to the end of the hole. These results confirm an initial 400-meter north-south mineralized strike length of near surface mineralization.\n \n\n Together with the three prior Phase 1 holes, AN-24-05 delineates a 400-meter by 500-meter mineralized footprint at the RPM zone, averaging 0.23% nickel. Notably, all Phase 1 Drill holes ended in mineralization, indicating substantial potential for further expansion. Phase 2 drilling commenced on May 7, 2025, is currently underway, targeting extensions of the RPM Zone in multiple directions: northward toward Pipestone Pond, eastward toward Chrome Pond, and westward into a fault zone, where hole AN-24-03 intersected increasing nickel grades associated with a newly discovered fault zone. Davis Tube Recovery (DTR) metallurgical test results for holes AN-24-04 and AN-24-05 are pending. Situated within the Company’s 30-kilometer ultramafic ophiolite nickel trend, the RPM Zone lies 12 km south of Super Gulp Zone and 26 km south of the Atlantic Lake Zone, reinforcing the broader district-scale potential for multiple nickel discoveries across this underexplored belt.\n \n\n\n Highlights\n \n\n\n\n\n Final Phase 1 RPM Hole\n \n : Drill hole AN-24-05, a 400-meter step-out north from discovery hole AN-24-02, intersected 396 meters grading 0.23% nickel and 0.29% chromium. Mineralization began just below 6 meters of overburden and continued through the end of the hole at 402 meters, ending in mineralization. These results confirm an initial 400-meter north-south mineralized strike length at the RPM Zone.\n \n\n\n Initial 400 x 500 Meter Zone Defined\n \n : ...