First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is pleased to announce that it has commenced drilling at its multi-zone, district-scale, 100% owned Atlantic Nickel Project in central Newfoundland, Canada (the “Project” or the “Atlantic Nickel Project”). This follows the recent discovery and expansion of multiple new zones of visible awaruite, a naturally occurring nickel-alloy, across the project’s 30 km nickel trend during the summer sampling program.
Highlights
- Drilling Underway: Testing multiple large-scale, widely spaced, new high-priority nickel targets that have never been drilled.
- New Discoveries: A recent summer sampling program at 200+ outcrops identified both new and expanded awaruite nickel-alloy zones across the 30 km trend.
- Significant Scale Potential: Multiple target areas showing large geophysical and geochemical footprints suggest the potential to host several mineralized systems with potential volumes ranging from 500 million to over 1 billion tonnes.
- High-Priority Targets: RPM and Super Gulp revealed new discoveries of multiple outcrops with abundant visible disseminated awaruite grains. These discoveries extend surficial occurrences approximately 25 km south, from historic drilling at Atlantic Lake to the RPM zone, within the ultramafic (ophiolite) sequence.
- Super Gulp: Located ~4 km south of Gulp Pond Zone and ~20 km south of historic hole 78-AL-01 in Atlantic Lake Zone.
- RPM: Located ~25 km south of Atlantic Lake, near the southern end of the 30 km trend, within 1 km of the Chrome Pond showing which returned values up to >60% Chromium (Cr2O3).
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