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First Atlantic Nickel (TSXV:FAN,OTCQB:FANCF) has announced results from metallurgical testing of three drill holes at the RPM zone within the Atlantic nickel project in Newfoundland and Labrador, Canada.
The company revealed that drill hole AN-24-04 returned its best results to date, achieving a 366 meters at an average grade of 1.46 percent nickel and 1.56 percent chromium in magnetic concentrate, with a mass pull of 9.53 percent. This discovery extends the mineralization to the east towards Chrome Pond, highlighting the potential for further exploration in this area.
The company has successfully delineated a 500 meter lateral width at the RPM Zone, with consistent metallurgical results across the first three drill holes. Nickel magnetic concentrate grades were recorded at 1.37 percent, 1.32 percent and 1.46 percent, with corresponding mass pulls of 9.49 percent, 9.12 percent, and 9.53 percent, respectively. This consistency underscores the robust nature of the mineralization system at RPM, promising potential for resource expansion.
Phase 2 drilling underway
Following the positive results from drill hole AN-24-04, First Atlantic Nickel has initiated Phase 2 drilling at the RPM Zone. This phase aims to test the expansion of the mineralization in all directions, including north towards Pipestone Pond, east towards Chrome Pond and west into the RPM fault zone. The eastern extension, in particular, is considered a high-priority target due to the promising results from drill hole AN-24-04 and potential connectivity across the area.
Awaruite, the naturally occurring nickel-iron alloy found at the project site, offers unique processing advantages. Its sulfur-free composition allows for recovery through magnetic separation, eliminating the need for energy-intensive smelting or roasting. According to the company, this positions awaruite as a strategic source of nickel, reducing reliance on overseas smelters and aligning with North America's critical minerals supply chain goals.
Editorial Disclosure: This article was generated with the assistance of AI and subsequently reviewed and edited by a human. We welcome your feedback to help us continue to improve our content.
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