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Archer Exploration Down Hole EM Surveys Yield Strong Conductors at Grasset
VANCOUVER, BC, Aug. 17, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce that it
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, Aug. 17, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the \"Company\" or \"Archer\") is pleased to announce that it has received very encouraging results from down hole electromagnetic (DHEM) surveys recently completed on its 100%-owned Grasset Ni-Cu-Co PGE project located in the Abitibi Greenstone Belt of Quebec, Canada. Highlights Recently completed DHEM surveys yielded three new highly conductive plates within the H1 Horizon at Grasset The newly modeled plates begin 360 metres below surface and have not yet been drill tested Conductivity measurements suggest semi-massive to massive pyrrhotite (± pentlandite) is likely the source of the conductive anomalies Jack Gauthier, VP Exploration, commented: \"Conductive plates modelled from geophysical surveys indicate the potential for the presence of mineralization such as nickel. The strong and sizeable off-hole anomalies below hole GR23-03 support our view of the untested potential at Grasset and it confirms the potential for discovering greater volumes of high-grade nickel mineralization at depth. Additional drilling is warranted to test these strong conductors.\" The downhole surveys were conducted by Abitibi Geophysics using the InfiniTEM® XL dual loop system and totaled 3,085 metres in five boreholes. The surveys defined several deep-seated, strongly conductive targets along the H1 Horizon. Of particular interest are three strong and deep DHEM anomalous plates (Figure 1) best defined by the survey in hole GR-23-03. This hole, drilled in May 2023, yielded the best intersection to date within the H1 Horizon with 1.82% Ni over 4.60 metres, including 5.75% Ni over 0.60 metres (see news release dated June 15, 2023). The three large conductors contain known mineralized intercepts in their periphery but remain largely untested. The size of the three modeled DHEM anomalies suggests a much better continuity at depth when compared to the numerous small plates detected closer to surface (PA and P15 plates in Figure 1). Figure 1 shows the longitudinal view of the modelled DHEM conductive plates over nickel metal factor values (% nickel X estimated thickness). Table 1: Summary of DHEM Survey Results DHEM Plates Area(m2) Conductance(S) Depth(m) P23-03C 5,800 1,370 360 P23-03D1 42,000 1,500 365 P23-03D2 22,500 750 690 Average conducti...