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First Atlantic Nickel Releases Initial DTR Metallurgical Results: Magnetic Concentrate of 1.37% Nickel & 1.73% Chromium Over 383.1 Metres
VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Comp
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is pleased to announce initial Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-02, the first drill hole at the RPM Zone at its 100%-owned Atlantic Nickel Project in central Newfoundland. The DTR testing yielded a magnetic concentrate containing an average grade of 1.37% nickel and 1.73% chromium across the entire 383.1-meter length of the drill hole, which encompassed all 133 drill core samples. These initial metallurgical results confirm the potential for magnetic separation as a viable processing method for awaruite nickel mineralization previously identified at the RPM Zone. The Company previously announced on March 4, 2025, that drill hole AN-24-02 returned assay results averaging 0.24% nickel and 0.32% chromium over its entire 383.1-meter length, with coarse-grained awaruite visibly disseminated throughout the drill core. This DTR testing has demonstrated that awaruite (Ni3Fe) nickel can be effectively concentrated through magnetic separation, an important step toward establishing a potential smelter-free metallurgical process for the project. HIGHLIGHTS High-Grade Magnetic Concentrate: An average magnetic concentrate grade of 1.37% nickel and 1.73% chromium across 383.1 meters of drill core, analyzed through 133 samples spanning the entire interval, with peak concentrate grades reaching 2.33% nickel and 8.17% chromium. Mass Pull: An average of 9.5% over 383.1 meters, yielding a magnetic concentrate that captures the recovered nickel, chromium, and cobalt within 9.5% of the original mass, reducing the total mass by 90.5% and producing an optimal concentrate for further processing. Strong Recovery Rates: Calculated recoveries of magnetically recoverable nickel averaging 52.4% (up to 63%) across the entire drill hole length. DTR Nickel: Average DTR nickel grade of 0.13% (up to 0.16%) over 383.1 meters. Chromium and Cobalt: Both chromium and cobalt were recovered in the magnetic concentrate, with significant chromium values meriting further evaluation, adding potential for valuable by-products. DTR Test Video: The Company has released a corporate video of the Davis Tube Recovery (DTR) Metallurgical test, viewable at https://www.yout...