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First Atlantic Nickel (OTCQB: FANCF / TSXV: FAN) released promising Phase 2X drilling results from its Pipestone XL Nickel Alloy Project on October 23, 2025, focusing on the RPM Zone. Drill hole AN-25-08 revealed 480 meters averaging 1.35% Ni in magnetic concentrate with an 8.79% mass pull, translating to 0.12% magnetically recoverable Ni over the entire interval. This success effectively doubled the drill-confirmed strike length to 800 meters within a newly defined 4-km continuous target area, validating approximately 20% of the target through Phase 2X drilling. Furthermore, Davis Tube Recovery (DTR) analysis identified potentially recoverable byproducts Cr (1.27–2.30% in concentrate) and Co. The company plans eastward drilling to optimize true width testing across the remaining ~3.2 km of the target, leveraging a refined westward-dip structural model.
Positive
- Drill-confirmed strike length doubled to 800 m
- AN-25-08: 480 m at 1.35% Ni magnetic concentrate (8.79% mass pull)
- Phase 2X validated ~20% of the 4 km RPM target area
- Magnetic concentrate contains Cr 1.27–2.30% and recoverable Co
Negative
- Magnetically recoverable nickel grade is modest at 0.12% DTR Ni over 480 m
- Approximately 3.2 km of the 4-km RPM target remains untested by drilling
- Earlier westward-oriented holes were sub-optimal, requiring re-drilling to test true width
- AN-25-08 total Ni recovery reported at 51.94%, indicating processing recovery limits
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10/23/2025 – 04:01 AM
Drill Hole AN-25-08 Yields 0.12% Magnetically Recoverable Awaruite Nickel Over 480 Meters, Extending Drill-Confirmed Strike of 4km Target Area to 800 Meters
GRAND FALLS-WINDSOR, Newfoundland and Labrador – First Atlantic Nickel Corp. (TSX-V: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic”) today announced promising Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-25-08 at the RPM Zone within its Pipestone XL Nickel Alloy Project. The DTR testing on drill core from AN-25-08 yielded a magnetic concentrate averaging 1.35% nickel over the entire 480-meter drill hole, with an average mass pull of 8.79%, resulting in an average magnetically recoverable awaruite nickel grade of 0.12% over 480 meters.
Drill hole AN-25-08, collared on Section Line S3, has doubled the drill-confirmed strike length of the RPM Zone to 800 meters within a newly expanded 4-kilometer continuous target area. This target zone, identified through DTR surface sampling and geological mapping, confirms consistent awaruite nickel mineralization along the RPM Zone’s strike. Phase 2X drilling has now confirmed 800 meters of this target area, with all holes drilled to date indicating the presence of recoverable awaruite nickel alloy mineralization.
This extended strike length represents a critical milestone in assessing the potential of the Pipestone XL Nickel Alloy Project. The integration of Phase 2X drill results, surface sampling, and geological mapping enhances the Company’s understanding of the westward-dipping ultramafic body that hosts the awaruite mineralization. This new understanding will focus future drilling efforts and allow for effective testing of the width and depth of the mineralized system.
Key Takeaways:
1. Doubling of RPM Zone Strike Length:
Drill hole AN-25-08, located approximately 400 meters north of Section S1, has doubled the validated strike length of the RPM Zone. The 480-meter interval averaged 1.35% nickel in magnetic concentrate, with an 8.79% mass pull, resulting in a magnetic recoverable nickel grade of 0.12% across the drill hole. This data confirms the consistent quality of awaruite nickel mineralization along the RPM Zone’s strike, as well as consistent metallurgical results.
2. Shift to 4-Kilometer Target:
The RPM Zone now has an expanded continuous 4-kilometer target area following DTR surface sampling and geological mapping. Phase 2X drilling has validated 800 meters of this target with all drill holes showing nickel recoverable awaruite mineralization. The remaining approximate 3.2 kilometers presents significant potential for expansion and warrants future drilling.
3. Structural Understanding Optimizes Drilling Strategy:
Data shows from drill holes AN-25-07 and AN-25-08 have resulted in an improved structural understanding of the westward-dipping ultramafic system, which will assist in future project drilling and ensure proper intersect of awaruite rich structures.
4. Recovery of Critical Mineral Byproducts:
Metallurgical testing shows that chromium and cobalt can be magnetically recovered with nickel in the concentrate. Ongoing focus on development will be on optimizing separation methods in order to produce a valuable metal byproduct stream in addition to the nickel concentrate.
The latest results from First Atlantic Nickel highlight the potential of the Pipestone XL project as a significant nickel source within a stable jurisdiction. While the magnetically recoverable nickel grade suggests further optimization of the processing methodology is warranted, the presence of potentially valuable byproducts like chromium and cobalt presents opportunities to enhance the project’s economics. The company’s refined geological model should also assist in future drill programs in order to maximize value and efficiency. This development comes as the demand for nickel, a key component in electric vehicle batteries and stainless steel, continues to grow, intensifying the focus on securing reliable and ethically sourced supplies.
First Atlantic Nickel (FANCF) Recent Stock Activity
* Market Cap: $9.97 million.
* Float: 93.88 million shares.
* Insider Ownership: 1.86%
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Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/11446.html
