08:48 AM EST, 12/10/2024 (MT Newswires) -- First Atlantic Nickel ( FANCF ) , which saw its shares gain 6.5% yesterday, on Tuesday announced a "significant expansion" of the awaruite mineralization at the RPM Zone within its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Project in Newfoundland.

A statement noted that step out drilling has intersected visibly disseminated, sulfur-free nickel-alloy (awaruite) mineralization across a width of approximately 500 meters, "substantially" increasing the width of the newly discovered RPM Zone. Large, elongated awaruite grains, measuring up to 1,000 microns, have been identified, underscoring the project's "exceptional" mineralization quality and potential, it said.