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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

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

Toronto Stara day ago
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%.
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.
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