First Atlantic Nickel Starts Phase 2 Drilling to Expand New Nickel Discovery at RPM Zone in District-Scale Atlantic Nickel Project

VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is excited to announce the commencement of Phase 2 drilling at the RPM Zone on its 100%-owned Atlantic Nickel Project in Newfoundland. The upcoming drilling will build on the significant awaruite discovery at the RPM Zone, where all four initial drill holes intersected visibly disseminated awaruite throughout their entire lengths, terminating in mineralization and remaining open in all directions. Phase 2 is designed to expand the RPM Zone through targeted step-out drilling, aiming to extend the mineralized strike length beyond the 400 meters (north-south) and the lateral width beyond 500 meters (east-west). Assay results for the fourth RPM drill hole from Phase 1 (AN-24-05) are pending. Davis Tube Recoverable (DTR) metallurgical test results for RPM holes three and four (AN-24-04 and AN-24-05) are also anticipated soon. In addition to drilling at the RPM Zone, the Phase 2 program will include prospecting across the Company’s district-scale, 30-kilometer-long ultramafic ophiolite trend. These efforts are intended to identify new awaruite nickel targets and further unlock the district potential of the Atlantic Nickel Project.

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