ArcPacific Resources Corp ( (TSE:FAN) ) has issued an announcement.
First Atlantic Nickel Corp. has announced promising initial metallurgical results from its Atlantic Nickel Project, indicating the potential for a smelter-free process using magnetic separation. The Davis Tube Recovery test results from drill hole AN-24-02 revealed a magnetic concentrate with significant nickel and chromium grades, suggesting strong recovery rates and the possibility of valuable by-products. The company plans to commence a Phase 2 drilling program to further explore and expand the mineralized area, supported by a recent $3M strategic funding.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp. operates in the mining industry, focusing on the exploration and development of nickel resources. The company is primarily engaged in the extraction and processing of nickel, with a particular emphasis on its Atlantic Nickel Project in central Newfoundland.
YTD Price Performance: 50.0%
Average Trading Volume: 335,849
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$25.08M
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