First Atlantic Nickel's Metallurgical Success at RPM Zone
Exciting Results from First Atlantic Nickel's RPM Zone
VANCOUVER, British Columbia — First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is thrilled to share groundbreaking findings from its metallurgical test results at the RPM Zone of its Atlantic Nickel Project. The initial Davis Tube Recovery (DTR) tests conducted on drill hole AN-24-02 revealed a remarkable average magnetic concentrate containing 1.37% nickel and 1.73% chromium. This evaluation spans over a substantial length of 383.1 meters, indicating significant mineralization in the area.
Significant Findings from DTR Testing
Drill hole AN-24-02 not only returned impressive assay results averaging 0.24% nickel and 0.32% chromium, but it also showcased large grains of disseminated awaruite nickel, further emphasizing the potential of this resource. The DTR tests verified that effective magnetic separation could enhance processing methods for the awaruite nickel mineralization. This step is essential in developing a more sustainable, smelter-free technique for processing the ore.
Key Highlights of the Findings
- High-Grade Magnetic Concentrate: The DTR results presented an average concentrate grade of 1.37% nickel and 1.73% chromium, with peak values reaching 2.33% nickel and 8.17% chromium.
- Mass Pull Efficiency: The DTR process achieved a mass pull of 9.5%, indicating that the magnetic concentrate successfully captured nickel, chromium, and cobalt while reducing the original mass by 90.5%.
- Strong Nickel Recoveries: The calculated recoveries of magnetically recoverable nickel averaged an impressive 52.4%, with values reaching up to 63% across the drill length.
- Potential for By-Products: The recoveries of both chromium and cobalt in the magnetic concentrate highlight the opportunity for valuable by-products, contributing to the economic viability of the project.
- Future Drilling Programs: First Atlantic is preparing to launch Phase 2 of its drilling program, which will utilize advanced drilling rigs to target deeper mineralization in the RPM Zone, fully funded through a strategic capital raise.
Environmental and Economic Benefits
The development of the Atlantic Nickel Project is geared towards utilizing awaruite, a natural nickel-iron alloy that significantly enhances the efficiency of nickel extraction while complying with environmental standards. This processing approach aligns with the growing demand for sustainable practices in the mineral extraction industry.
By embracing environmentally friendly magnetic separation, First Atlantic Nickel is positioned to reduce the carbon footprint associated with traditional nickel processing methods. This initiative is particularly relevant in today's market, where demand for ethical sourcing and supply chain responsibility is paramount.
Expert Insights
Dr. Ron Britten, a respected technical advisor for First Atlantic Nickel, has shared his insights regarding these promising results. He noted that the DTR grades at the RPM Zone bear comparison to major deposits like FPX Nickel's Baptiste Nickel Deposit, signifying robust potential for future exploration and development.
Looking Ahead: Next Steps for the Atlantic Nickel Project
Capitalizing on these promising early DTR results, First Atlantic Nickel will embark on an extensive metallurgical program aimed at enhancing the overall recovery process of nickel. The program objectives include:
- Scaling up sample sizes for pilot magnetic separator testing.
- Exploring additional methods such as flotation and gravity separation to refine the magnetic concentrate.
- Optimizing recovery parameters to maximize nickel extraction and by-product recovery.
- Gathering valuable data for future economic studies and process flow-sheet development.
First Atlantic Nickel's commitment to responsible mining practices and a transparent exploration approach reflects its goal to deliver a reliable source of nickel for the North American market.
Frequently Asked Questions
What are the key results from the DTR metallurgical tests?
The tests revealed a magnetic concentrate with an average grade of 1.37% nickel and 1.73% chromium, showcasing the viability of magnetic separation for awaruite mineralization.
What is the significance of awaruite in nickel processing?
Awaruite's unique properties allow for smelter-free extraction, reducing environmental impact and aligning with current market demands for sustainable practices.
How will First Atlantic Nickel proceed after these results?
The company plans to expand its metallurgical program, focusing on optimizing recovery methods and assessing potential by-products like chromium and cobalt.
What does the future hold for the Atlantic Nickel Project?
The project is set to initiate a Phase 2 drilling program aimed at exploring deeper mineralization and expand upon the successes of its initial exploration efforts.
How can investors stay informed about First Atlantic Nickel?
Investors can sign up for news updates via email and SMS through the company’s website and follow them on various social media platforms.
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