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First Atlantic Nickel Has Commenced Drilling at New Alloy Max Zone Discovery, 7 Km North of RPM Zone, at the Pipestone XL Nickel-Cobalt Alloy Project
GRAND FALLS-WINDSOR, Newfoundland and Labrador, April 08, 2026 (GLOBE NEWSWIRE) -- First Atlantic...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Has Commenced Drilling at New Alloy Max Zone Discovery, 7 Km North of RPM Zone, at the Pipestone XL Nickel-Cobalt Alloy Project\nGRAND FALLS-WINDSOR, Newfoundland and Labrador, April 08, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is pleased to announce that drilling has commenced at the Alloy Max Zone, a new large-scale awaruite (Ni₃Fe) nickel-cobalt alloy discovery located 7 kilometers (km) north of the RPM Zone. The Alloy Max Zone represents the Company's second major target area within the 30 km Pipestone Ophiolite Complex at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. The Alloy Max discovery was first announced on March 18, 2026, following the Company's ongoing district-wide surface sampling program, which identified a new large area of magnetically recoverable nickel-cobalt alloy mineralization. The initial target area measures approximately 4 km in length and 1.2 km in width. The initial drill program at Alloy Max is designed to test for awaruite mineralization over a large area through four drill holes distributed across 2.4 km of strike length and approximately 950 m in width within the initial 4 km x 1.2 km defined target area. Due to minimal overburden, geologists were able to directly sample bedrock at the drill pad locations and identified visibly disseminated awaruite mineralization in surface bedrock prior to drilling. The Company has completed a drill access trail to the Alloy Max Zone from the existing camp and will now begin construction of a drill access road extending north from Alloy Max through Super Gulp toward Atlantic Lake, following the geologic 30 km nickel trend of the Pipestone Ophiolite Complex. As road construction proceeds northward, the Company plans to conduct direct bedrock sampling through shallow pits and trenches along the road corridor to evaluate newly identified and historical areas with elevated DTR nickel values that were previously inaccessible by ground. HIGHLIGHTS: 1. Drilling Commenced at Alloy Max Zone: Drilling has commenced at the Alloy Max Zone, with four initial drill pad locations spanning 2.4 km in strike length and testing nickel-cobalt alloy mineralization across an area approximately 950 m in width. The Alloy Max Zone is located...