ArcPacific Resources Corp ( (TSE:FAN) ) has provided an announcement.
First Atlantic Nickel Corp., a company engaged in nickel exploration, has announced promising assay results from its initial drill hole at the Super Gulp Zone, part of its Atlantic Nickel Project in Newfoundland. The drill hole revealed an average of 0.25% nickel and 0.28% chromium over 293.8 meters, indicating extensive nickel mineralization. This discovery significantly extends the depth of known mineralization in the area, suggesting a major new nickel zone within the company’s 30-kilometer trend. The company is also conducting metallurgical testing to assess the project’s suitability for commercial mining processing, with further drilling planned to expand the zone.
More about ArcPacific Resources Corp
YTD Price Performance: 13.64%
Average Trading Volume: 420,786
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$21.62M
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