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The latest announcement is out from ArcPacific Resources Corp ( (TSE:FAN) ).
First Atlantic Nickel Corp, a company focused on nickel alloy projects, has announced a significant development in its Pipestone XL Nickel Alloy Project in Newfoundland. The company reported that its Phase 2X drilling has successfully doubled the RPM Zone’s strike length to 800 meters, with a notable 491-meter intercept of awaruite mineralization. This expansion confirms the continuity of nickel-iron-cobalt alloy mineralization and enhances the project’s potential for magnetic recovery. The results, which include high-grade magnetic concentrates, suggest promising implications for stakeholders as the company continues to explore beyond the current strike length.
More about ArcPacific Resources Corp
Average Trading Volume: 207,130
Technical Sentiment Signal: Sell
Current Market Cap: C$16.6M
Learn more about FAN stock on TipRanks’ Stock Analysis page.