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ArcPacific Resources Corp ( (TSE:FAN) ) has shared an update.
First Atlantic Nickel Corp., a company involved in nickel exploration, has announced promising assay results from its second discovery drill hole at the RPM Zone in central Newfoundland. The drill hole intersected significant mineralization with an average of 0.25% nickel and 0.29% chromium over a 216-meter interval, with nickel grades increasing to 0.27% in the final 21 meters. This suggests potential for further expansion of the mineralized zone, which the company plans to explore in its upcoming Phase 2 drilling program using a more powerful drill rig. The results confirm a robust mineralized area and indicate substantial growth opportunities for the company’s operations.
More about ArcPacific Resources Corp
YTD Price Performance: 27.27%
Average Trading Volume: 362,989
Technical Sentiment Signal: Sell
Current Market Cap: C$24.22M
Learn more about FAN stock on TipRanks’ Stock Analysis page.