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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 75% nickel with no-sulfur and no-sulfides. The Project totals 21,850 hectares of wholly owned land, featuring multiple mineralized zones, and covers almost entire Pipestone Ophiolite Complex. Its Voisey's West project is located in the Churchill Province of Labrador and consists of Nickel-Copper-Cobalt-platinum-group elements (PGE) mineralization. Its Atlantis Project totals 13,675 hectares and covers a large ultramafic complex of potential mantle source, known as the St. Anthony Complex and White Hills. The Company also owns 100% interest in mining license 038152M, consisting of 12 mineral claims located in central Newfoundland, known as the RPM South claims.


TSXV:FAN - Post by User

Comment by Yonexxon Jun 22, 2021 3:46am
315 Views
Post# 33425697

RE:RE:RE:I WOULDN'T BE TOO CONCERNED

RE:RE:RE:I WOULDN'T BE TOO CONCERNED

Agree. 3 quality projects. But good chance we have some rough days/weeks/maybe months ahead.

For a lot of investors this was the perfect core gambling project. Very active and good PR. Basicly every big and small investor liking that kind of play had it one point in time in their newsfeed and was invested in this one, .... and right away out again as it didnt show the goods right away. I think expectations where too high in general, that even a decent hit would not have been good enough and we would have seen a sell off anyways is what I think.

I have low expectation for hole 5-7 as they where drilled from the same spot as hole 4. In general tempered expectations simply because it's similar targets with east-west orientation on extensional veins. But fact is the starting holes there wasnt as much excitement as from hole 8 onwards. Then the NRs got interesting:

- Increasing amounts (from 8 onwards) of visible sulphides present in drilling as holes progress eastward.
- Possible telluride mineral observed (unconfirmed) in hole 8 (ACP-R-21008)
- The intervals got wider progressing east: up to 90 meters overall in hole 11
- Mineral assemblages observed in veining at the Rickard appears similar-to the gold bearing assemblage at the Macassa Mine operated by Kirkland Lake Gold approximately 70 kilometers to the south.

Lets hope some good news comes sooner than later. Good luck all.

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