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First Atlantic Nickel Corp V.FAN

Alternate Symbol(s):  FANCF

First Atlantic Nickel Corp. is a Canadian mineral exploration company developing the 100%-owned Atlantic Nickel Project, a large-scale nickel deposit strategically located near existing infrastructure in Newfoundland, Canada. The Project's nickel occurs as awaruite, a natural nickel-iron alloy containing approximately 77% nickel with no-sulfur and no-sulfides. Its Voisey's West project is located about 50 kilometers (km) northwest of Voisey's Bay Ni-Cu-Co (nickel-copper-cobalt) mine and 70 km west of the town of Nain, in Newfoundland and Labrador, Canada. The property consists of about14 cells located near the town of Nain, Newfoundland and Labrador. The Company has a 100% interest of Lucky Mike property. It has the option to acquire a 100% interest in the Blackdome mineral property and Rey Lake Property. Its Atlantis Project totals approximately 13,675 hectares (ha). It also has the option to acquire a 100% interest in Pipestone Property-SSAF and Pipestone South Property.


TSXV:FAN - Post by User

Post by Oldschool2022on Oct 15, 2024 9:42pm
74 Views
Post# 36267435

Now drilling 3000-5000m. 30 km Nickel trend.

Now drilling 3000-5000m. 30 km Nickel trend.
Drilling under way: Testing multiple large-scale, widely spaced, new high-priority nickel targets that have never been drilled;
New discoveries: A recent summer sampling program at 200-plus outcrops identified both new and expanded awaruite nickel-alloy zones across the 30-kilometre trend;
Significant scale potential: Multiple target areas showing large geophysical and geochemical footprints suggest the potential to host several mineralized systems with potential volumes ranging from 500 million to over one billion tonnes
First Atlantic Nickel Corp. has closed a non-brokered private placement, led by a strategic investor, of 9,928,571 flow-through shares issued at a price of 21 cents per flow-through share for aggregate gross proceeds of $2,084,999.91.
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