Business
First Atlantic Nickel Reports Initial Phase 2 Drill Results: Deepest Drill Hole to Date at RPM Zone Returns 1.27% Awaruite Nickel Alloy (Ni?Fe) in Magnetic Concentrate Over 447 Meters
GRAND FALLS-WINDSOR, Newfoundland and Labrador, Aug. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic ...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Reports Initial Phase 2 Drill Results: Deepest Drill Hole to Date at RPM Zone Returns 1.27% Awaruite Nickel Alloy (Ni₃Fe) in Magnetic Concentrate Over 447 Meters\n\n\n\n GRAND FALLS-WINDSOR, Newfoundland and Labrador, Aug. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") reports assays and Davis Tube Recovery (“DTR”) metallurgical test results from drill hole AN-25-06, the first hole reported in the Phase 2 drill program at the RPM Zone, part of the district-scale Atlantic Nickel Project (the \"Project\") in Newfoundland. Drill hole AN-25-06 is the deepest and the longest drilled to date at the RPM Zone. The hole returned a continuous interval of 447.35 meters averaging 1.27% nickel and 1.69% chromium in magnetic concentrate, with a mass pull of 9.02%. This corresponds to an average magnetically recoverable DTR nickel grade of 0.11% over the interval, with total nickel recovery averaging 51.84%.\n \n\n Located approximately 200 meters east of drill hole AN-24-05, AN-25-06 was drilled on the same Section S2 line, representing a 400-meter step out to the north from the initial RPM discovery drill hole AN-24-02 (see Figure 2). The drill hole intersected visibly disseminated awaruite throughout the entire drilled length, returning 0.22% total nickel and 0.31% total chromium in whole rock assays over 447.35 meters. Peak values included 0.17% DTR nickel and 0.27% total nickel, with nickel recovery reaching up to 81.4% using DTR magnetic separation.\n \n\n The grades and DTR metallurgical test results from AN-25-06, the first reported hole of Phase 2, demonstrate uniform consistency with all Phase 1 drilling at the RPM Zone and successfully expand the mineralized zone eastward toward Chrome Pond. Phase 2 drill holes AN-25-08 and AN-25-09 are drill testing the continuation of awaruite mineralization a further 400 meters north of the Section S2 line (see Figure 2), together representing a north-south strike length at the RPM Zone totaling 800 meters.\n \n\n\n HIGHLIGHTS\n \n\n\n\n\n Longest Reported RPM Zone Drill Hole\n \n : AN-25-06, drilled 200 meters east of drill hole AN-24-05, intersected visibly disseminated awaruite throughout the entire 447.35-meter drill intersection, returning 0.22% total nickel and ...