GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 16, 2026 (GLOBE NEWSWIRE) — First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P210) (“First Atlantic” or the “Company”) is pleased to announce that drill hole XL-26-16, the second drill hole completed at the Alloy Max Zone, intersected large-grain, visibly disseminated awaruite over its entire 525-meter drilled length. It is the deepest hole drilled to date at the Company’s wholly owned Pipestone XL Nickel-Cobalt (Ni-Fe-Co) Alloy Project in central Newfoundland.
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Brief Summary
First Atlantic Nickel & Cobalt Corp. has encountered significant results from drill hole XL-26-16. This drill hole:
- Is the second drill hole at the Alloy Max Zone.
- Intersected large-grain awaruite over its entire 525-meter length.
- Marks the deepest drilling yet at the Pipestone XL project.
- Demonstrates potential for extensive mineralization.
With these results, the prospects for the company steadily improve.
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