First Atlantic Nickel Unveils Promising Results from RPM Drill
First Atlantic Nickel Reports DTR Metallurgical Breakthrough
First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is thrilled to share the latest developments from its Atlantic Nickel Project, which is currently underway in central Newfoundland. Recent metallurgical tests, specifically the Davis Tube Recovery (DTR) results derived from drill hole AN-24-03, demonstrated promising concentrations of nickel and chromium. The magnetic concentrate achieved an average of 1.32% nickel and 1.95% chromium over a 216-meter span, with the potential for even higher grades reaching up to 2.54% nickel and 4.24% chromium.
Assessing Drill Hole AN-24-03
The final segment of drill hole AN-24-03, which spans the last 21 meters, illustrated a pattern of increasing DTR nickel grades, hitting an average of 0.15%—a marked improvement over the overall average of 0.11%. Drilling operations were paused at 216 meters once the team encountered a fault zone characterized by broken and heavily fractured rock. Moving forward, Phase 2 will introduce more advanced drilling equipment designed to access the fault zone, which shows significant potential for further exploration.
Moving Forward with Enhanced Exploration
The RPM Zone, where drill hole AN-24-03 is located, has already shown substantial metallurgical potential from previous DTR tests. The drill identified visible, coarse-grained awaruite nickel over its entire length of 216 meters, further underlining the area's capabilities. Moreover, the development of a direct access road to the RPM Zone will facilitate the timely arrival of drilling equipment as preparations for Phase 2 drilling progress.
Highlights from DTR Testing and Future Prospects
Some of the significant highlights from the DTR testing include:
- High-Grade Magnetic Concentrate: The overall average concentrate grade of 1.32% nickel and 1.95% chromium was reported across the total length of 216 meters.
- Fault Zone Exploration: The last 21 meters of the hole concluded in a fault zone that has shown an uptick in DTR nickel grades.
- Mass Pull Efficiency: An impressive average mass pull of 9.12% was achieved, indicating a substantial reduction of the total mass by 90.88% through magnetic separation.
- Chromium and Cobalt Insights: The magnetic concentrate demonstrated significant amounts of chromium (1.95%) and cobalt (0.06%), suggesting avenues for further recovery investigation.
CEO Statement
Adrian Smith, CEO of First Atlantic Nickel, expressed, “The DTR results are groundbreaking for our operations. The efficient magnetic separation of awaruite nickel not only allows us to produce a high-grade concentrate on-site but also strategically positions us within North America's critical minerals supply chain.”
Implications for North America’s Nickel Supply Chain
The effective concentration of awaruite nickel via magnetic separation represents a significant leap towards establishing a smelter-free metallurgical process, crucial amid escalating demands from electric vehicle manufacturers and the broader market. The ability to produce a high-grade nickel concentrate directly on-site minimizes reliance on foreign smelting processes, thereby fortifying North America's industrial and energy independence.
FAQs
What is the significance of the DTR metallurgical results?
The DTR results confirm the ability to effectively concentrate awaruite nickel, showcasing its viability as a key player in producing high-grade nickel products essential for various applications, including electric vehicle manufacturing.
How does First Atlantic Nickel's processing method differ from traditional approaches?
First Atlantic's approach utilizes magnetic separation to eliminate the need for smelting and roasting, which are common in traditional nickel processing methods, minimizing environmental impact.
What future steps are planned following the latest drilling results?
Phase 2 drilling is set to commence, utilizing advanced equipment designed to penetrate the fault zone and expand exploration activities in the mineral-rich areas.
What are the potential benefits for North American industries?
This new processing method positions north American industries to lessen their dependence on foreign nickel sources, aligning with growing demands for responsible and sustainable mining practices.
Who can I contact for more information about First Atlantic Nickel?
For investor inquiries or further details, contact Rob Guzman at First Atlantic Nickel, reachable at +1-844-592-6337 or via email at rob@fanickel.com.
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