First Atlantic Nickel Corp. (TSXV: FAN,OTC:FANCF) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Firm”) is happy to report a major enlargement of seen awaruite nickel-alloy mineralization on the RPM Zone, a part of its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Mission in Newfoundland (the “Atlantic Nickel Mission” or the “Mission”). RPM Drill gap AN-25-07, the second gap of the Part 2 program, intersected 495 meters of visibly disseminated awaruite and has expanded the mineralized part situated 400 meters north of the RPM discovery holes as much as 750 meters in width. This represents a ~50% improve from the 500-meter width established in Part 1, confirming the sturdy lateral extent of awaruite mineralization at RPM. With holes AN-25-08 and AN-25-09 now accomplished on Line S3, Part 2 drilling has examined 800 meters of north-south strike size and continues to show the size potential of the RPM Zone because the Firm advances towards defining over 1 kilometer of steady awaruite mineralization. Concurrent with drilling, Part 2 prospecting throughout the 30-kilometer Pipestone Ophiolite Complicated has collected quite a few floor rock samples containing seen awaruite for assay and davis tube metallurgical testing. Further updates on the Part 2 program are anticipated throughout the coming weeks.
The sulfur-free nature of awaruite (Ni 3 Fe), a naturally occurring nickel-iron-cobalt alloy already in metallic kind, eliminates the necessity for secondary processes comparable to smelting, roasting or acid leaching which can be typical of sulfide or laterite nickel ores. In contrast to sulfides, which aren’t pure alloys, awaruite avoids the problem of sourcing smelter capability – a bottleneck in North America’s nickel provide chain. With a median nickel grade of roughly 76%, awaruite considerably exceeds the ~25% 1 nickel grade attribute of pentlandite. Awaruite’s sturdy magnetic properties allow focus by means of magnetic separation, as demonstrated by Davis Tube Restoration (DTR) testing at First Atlantic’s RPM Zone drill core. Awaruite eliminates the electrical energy necessities, emissions, and environmental impacts related to standard smelting, roasting or acid leaching processes of widespread nickel minerals. Furthermore, awaruite’s sulfur-free composition removes the dangers of acid mine drainage (AMD) and associated allowing challenges generally posed by sulfide minerals. 2 As famous by the USA Geological Survey (USGS) in 2012: “The event of awaruite deposits in different components of Canada might assist alleviate any extended scarcity of nickel focus. Awaruite, a pure iron-nickel alloy, is far simpler to pay attention than pentlandite, the principal sulfide of nickel.”
HIGHLIGHTS:
- AN-25-07 Expands RPM Zone to 750 Meters in Width : The second gap of the Part 2 drill program confirms a drilled width as much as 750 meters huge of mineralization, with visibly disseminated awaruite grains noticed all through a 495-meter intersection.
- 400-Meter Step-Out Success : AN-25-07 was drilled on Line S2, a 400-meter step-out north from Line S1, demonstrating sturdy continuity of awaruite mineralization alongside strike.
- RPM Zone Now Measures 750 Meters Large x 400 Meters Lengthy : Each gap drilled on the RPM Zone has intersected giant grain visibly disseminated awaruite, with mineralization now traced to depths of as much as 495 meters downhole.
- Part 2 Growth Focusing on 1 km+ Strike Size : Holes AN-25-08 and AN-25-09, drilled on Line S3, have prolonged the examined north-south strike size to 800 meters. The Part 2 program is designed to check past 1 kilometer.
- Constant Metallurgical Efficiency : Thus far, drilling on the RPM Zone has returned magnetically recoverable nickel averaging 1.38% in magnetic focus, with a mass pull of 9.08%. This leads to a median DTR nickel grade of 0.12% and general restoration of 51.59% from a median beginning grade of 0.24% over 1,763 meters of repeatedly sampled core.
- A number of Updates Anticipated : The Firm anticipates offering extra updates on Part 2 drilling and different challenge developments within the coming weeks.
For additional info, questions, or investor inquiries, please name Rob Guzman at First Atlantic Nickel by telephone at + 1 844 592 6337 or by way of electronic mail at rob@fanickel.com .
“We congratulate our geological group on the breakthrough discovery on the RPM Zone” said Adrian Smith, CEO of First Atlantic Nickel. “Prior operators conducting exploration on the Pipestone Ophiolite Complicated missed the awaruite mineralization within the southern components of the property, the place our group’s systematic strategy and distinctive expertise acknowledged each the geological controls and the excellence between floor expressions and underlying mineralization. Due to Newfoundland’s streamlined allowing course of, we’ve got superior from discovery to Part 2 drilling considerably quicker than would have been doable in lots of different jurisdictions. Our geological group’s experience has been instrumental in understanding this 30-kilometer awaruite system – a uncommon nickel alloy that provides the potential to supply a nickel supply whereas eliminating the vitality consumption, environmental impacts, and capability constraints related to standard smelting, roasting and acid leaching processes of nickel sulfide or laterite ores.”
AN-25-07 Drill Gap Particulars
Drill gap AN-25-07 was collared on Line S2, roughly 400 meters north of the Part 1 discovery holes on Line S1 (see Figures 4 and 5). The outlet efficiently intersected 495 meters of serpentinized peridotite internet hosting visibly disseminated awaruite (nickel-iron alloy) mineralization. Microscope evaluation and geological logging confirmed the presence of awaruite grains all through the intersection, with grain sizes and distribution patterns visually per these noticed in earlier RPM drilling. The outlet resulted in mineralization, suggesting potential for added extensions additional to the west and to depth.
The systematic placement of AN-25-07 on part Line S2 was designed to check the northern and western continuity of the mineralized system recognized in Part 1. The profitable intersection not solely confirms this continuity however considerably expands the drilled width of the mineralized zone to greater than 750 meters, a rise of roughly 50% relative to the 500-meter width established in Part 1. This substantial width, mixed with the constant presence of seen awaruite, highlights the potential for a major quantity of bulk-tonnage fashion nickel mineralization on the RPM Zone.
Determine 1: Drill core {photograph} of gap AN-25-07 at 97 meters displaying disseminated awaruite nickel-alloy mineralization (high), with microscope photos of awaruite grains as much as 647 microns (backside). Awaruite, a uncommon, extremely magnetic, and ductile nickel-alloy could be seen disseminated inside serpentinized ultramafic rocks current over vital areas on the Atlantic Nickel Mission.
Determine 2: Drill core {photograph} from gap AN-25-07 at 245 meters displaying disseminated awaruite nickel-alloy mineralization (high), with microscope photos of awaruite grains as much as 311 microns in dimension (backside). Awaruite, a uncommon, extremely magnetic, and ductile nickel-alloy could be seen disseminated inside serpentinized ultramafic rocks current over vital areas on the Atlantic Nickel Mission.
Determine 3: Drill core {photograph} of gap AN-25-07 at 354 meters displaying disseminated awaruite nickel-alloy mineralization (high), with microscope photos of awaruite grains as much as 236 microns (backside). Awaruite, a uncommon, extremely magnetic, and ductile nickel-alloy could be seen disseminated inside serpentinized ultramafic rocks current over vital areas on the Atlantic Nickel Mission.
Determine 4: Cross part picture displaying the placement of AN-25-07, with outcomes pending, extending the zone of visibly disseminated nickel-alloy mineralization westwards.
Determine 5: RPM Zone drill map displaying Part 2 drilling, with a abstract of drilling outcomes to this point. Drill holes AN-25-07, AN-25-08, and AN-25-09 at the moment being processed, with updates anticipated shortly.
Determine 6: Part 2 drill cores on the Atlantic Nickel Mission.
RPM Zone Overview
The RPM Zone has quickly emerged as a breakthrough discovery inside First Atlantic’s 30-kilometer Atlantic Nickel Mission. Positioned 10 kilometers south of the Tremendous Gulp Zone and 26 kilometers south of the historic Atlantic Lake Zone, RPM represents a major discovery of awaruite mineralization inside this district-scale ultramafic belt. Metallurgical check work, together with Davis Tube Restoration (DTR), has averaged 1.38% nickel in magnetic focus throughout all holes accomplished to this point, indicating that the mineralization is amenable to easy magnetic separation processing.
The increasing footprint of the RPM Zone now measures roughly 750 meters in width by 400 meters in size and stays open in all instructions. The consistency of each visible mineralization and metallurgical restoration suggests the potential for a large-scale, bulk-tonnage awaruite nickel goal that might be processed with out standard smelting, aligning with the Firm’s imaginative and prescient of creating a clear, onshore North American nickel provide chain.
Part 2 Drilling Replace
Part 2 drilling is increasing the mineralized footprint of the RPM Zone. Gap AN-25-07 has confirmed 750 meters in width recognized with seen awaruite mineralization. With holes AN-25-08 and AN-25-09 now accomplished, the RPM Zone has been drilled greater than 800 meters in north-south strike size.
Part 2 additionally consists of district-scale exploration throughout the 30-kilometer nickel pattern of the Pipestone Ophiolite Complicated, the place quite a few rock and outcrop samples have been collected at floor. A number of of those samples, containing seen awaruite, have been submitted for DTR metallurgical testing and assay.
The Firm anticipates offering a gentle stream of updates over the approaching weeks as Part 2 drilling and exploration progress.
Investor Data
The Firm’s widespread shares commerce on the TSX Enterprise Alternate below the image ” FAN “, the American OTCQB Alternate below the image ” FANCF ” and on a number of German exchanges, together with Frankfurt and Tradegate, below the image ” P21 “.
Traders can get updates about First Atlantic by signing as much as obtain information by way of electronic mail and SMS textual content at www.fanickel.com . Keep linked and be taught extra by following us on these social media platforms:
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FOR MORE INFORMATION:
First Atlantic Investor Relations
Robert Guzman
Tel: +1 844 592 6337
rob@fanickel.com
Disclosure
Adrian Smith, P.Geo., is a certified individual as outlined by NI 43-101. The certified individual is a member in good standing of the Skilled Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered skilled geoscientist (P.Geo.). Mr. Smith has reviewed and authorized the technical info disclosed herein.
Analytical Methodology & QA/QC
Samples had been cut up in half on web site, with one half remaining within the core field for future reference and the opposite half securely packaged for laboratory evaluation. The QA/QC protocol included the insertion of blanks, duplicates, and authorized reference materials (requirements), with one QA/QC pattern being inserted each 20 samples to observe the precision and accuracy of the laboratory outcomes. All analytical outcomes efficiently handed QA/QC screening on the laboratory, and all Firm inserted requirements and blanks returned outcomes inside acceptable limits.
Samples had been submitted to Activation Laboratories Ltd. (“Actlabs”) in Ancaster, Ontario, an ISO 17025 licensed and accredited laboratory working independently of First Atlantic. Every pattern was crushed, with a 250 g sub-sample pulverized to 95% – 200 mesh. A magnetic separate was then generated by working the pulverized sub-sample by means of a magnetic separator which splits the sub-sample into magnetic and non-magnetic fractions. This includes working a 30 g cut up of the pulp by means of a Davis Tube magnetic separator as a slurry utilizing a relentless stream charge, a magnetic subject energy of three,500 Gauss, and a tube angle of 45 levels to provide magnetic and non-magnetic fractions.
The magnetic fractions are collected, dried, weighed and the magnetic fraction is fused with a lithium metaborate/tetraborate flux and lithium bromide releasing agent after which analyzed on a wavelength dispersive XRF for a number of parts together with nickel, cobalt, iron and chromium. The magnetically recovered nickel grade was then calculated by multiplying the XRF fusion nickel worth by the load of the magnetic fraction and dividing by the entire recorded feed weight or magnetic mass pulled from the pattern.
True widths are at the moment unknown. Nevertheless the nickel bearing ultramafic ophiolite and peridotite rocks being focused and sampled within the Part 1 drilling program on the Atlantic Nickel Mission are mapped on floor and in drilling as a number of hundred meters to over 1 kilometer huge and roughly 30 kilometers lengthy.
About First Atlantic Nickel Corp.
First Atlantic Nickel Corp. (TSXV: FAN,OTC:FANCF) (OTCQB: FANCF) (FSE: P21) is a Canadian mineral exploration firm growing the 100%-owned Atlantic Nickel Mission, a large-scale nickel challenge strategically situated close to present infrastructure in Newfoundland, Canada. The Mission’s nickel happens as awaruite, a pure nickel-iron alloy containing roughly 75% nickel with no-sulfur and no-sulfides. Awaruite’s properties permit for smelter-free magnetic separation and focus, which may strengthen North America’s essential minerals provide chain by decreasing international dependence on nickel smelting. This aligns with new US Electrical Automobile US IRA necessities, which stipulate that starting in 2025, an eligible clear car might not include any essential minerals processed by a FEOC (Overseas Entities Of Concern) 3 .
First Atlantic goals to be a key enter of a safe and dependable North American essential minerals provide chain for the stainless-steel and electrical car industries within the USA and Canada. The corporate is positioned to fulfill the rising demand for responsibly sourced nickel that complies with the essential mineral necessities for eligible clear autos below the US IRA. With its dedication to accountable practices and skilled group, First Atlantic is poised to contribute considerably to the nickel business’s future, supporting the transition to a cleaner vitality panorama. This mission gained significance when the US added nickel to its essential minerals checklist in 2022, recognizing it as a non-fuel mineral important to financial and nationwide safety with a provide chain susceptible to disruption.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead-looking statements:
This information launch might embrace “forward-looking info” below relevant Canadian securities laws. Such forward-looking info displays administration’s present beliefs and are based mostly on a variety of estimates and/or assumptions made by and data at the moment obtainable to the Firm that, whereas thought-about affordable, are topic to recognized and unknown dangers, uncertainties, and different components which will trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking info. Ahead wanting info on this information launch consists of, however isn’t restricted to, expectations relating to the timing, scope, and outcomes from the 2025 work and drilling program; outcomes from the Part 2 drilling program, future challenge developments, the Firm’s goals, targets or future plans, statements, and estimates of market situations. Readers are cautioned that such forward-looking info are neither guarantees nor ensures and are topic to recognized and unknown dangers and uncertainties together with, however not restricted to, basic enterprise, financial, aggressive, political and social uncertainties, unsure and risky fairness and capital markets, lack of obtainable capital, precise outcomes of exploration actions, environmental dangers, future costs of base and different metals, working dangers, accidents, labour points, delays in acquiring governmental approvals and permits, and different dangers within the mining business. Further components and dangers together with varied threat components mentioned within the Firm’s disclosure paperwork which could be discovered below the Firm’s profile on http://www.sedarplus.ca. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes might range materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated.
The Firm is presently an exploration stage firm. Exploration is very speculative in nature, includes many dangers, requires substantial expenditures, and should not outcome within the discovery of mineral deposits that may be mined profitably. Moreover, the Firm at the moment has no reserves on any of its properties. In consequence, there could be no assurance that such forward-looking statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements.
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1 https://fpxnickel.com/projects-overview/what-is-awaruite/
2 https://d9-wret.s3.us-west-2.amazonaws.com/belongings/palladium/manufacturing/mineral-pubs/nickel/mcs-2012-nicke.pdf
3 https://residence.treasury.gov/information/press-releases/jy1939
Figures accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/47741692-b78c-4cd7-b4fe-f93a2cd973e8
https://www.globenewswire.com/NewsRoom/AttachmentNg/191c5296-a5b9-4181-8111-f3c853f52042
https://www.globenewswire.com/NewsRoom/AttachmentNg/141c5056-a89f-4002-9775-0f4bf9dee33e
https://www.globenewswire.com/NewsRoom/AttachmentNg/63e89a50-6dbb-4d45-a5e1-107a69c7a204
https://www.globenewswire.com/NewsRoom/AttachmentNg/c1cb35d8-fb12-471b-9452-74cfaee63cb6
https://www.globenewswire.com/NewsRoom/AttachmentNg/e41fa660-9be9-4ac5-813c-1d33cdc33ac2
