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ArcPacific Resources Corp ( (TSE:FAN) ) has issued an announcement.
First Atlantic Nickel Corp has commenced Phase 2 drilling at the RPM Zone of its Atlantic Nickel Project, aiming to expand the mineralized area and identify new nickel targets. This phase includes step-out drilling to extend the mineralized strike length and prospecting across a 30-kilometer ultramafic ophiolite trend. The discovery of awaruite, which offers processing advantages due to its sulfur-free composition, positions the company to establish a sustainable nickel district with a lower carbon footprint.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp is involved in the mining industry, focusing on nickel exploration and development. The company is working on the Atlantic Nickel Project in Newfoundland, which is notable for its district-scale potential and the presence of awaruite, a naturally occurring nickel-iron alloy with advantageous metallurgical properties.
Average Trading Volume: 350,037
Technical Sentiment Signal: Hold
Current Market Cap: C$18.98M
Find detailed analytics on FAN stock on TipRanks’ Stock Analysis page.