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Archer Exploration Intersects 1.82% Nickel Over 4.60 Metres at Grasset, Expands H1 Zone at Depth
VANCOUVER, BC, June 15, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the "Company" or "Archer Exploration") is pleased to provide an update on its ongoing
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, June 15, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the \"Company\" or \"Archer Exploration\") is pleased to provide an update on its ongoing 2023 nickel sulphide exploration program at its 100% owned Grasset project, located in the northern Abitibi Greenstone Belt of Quebec, Canada. Recent drilling has focused on testing for immediate extensions of the Grasset Nickel Deposit. Hole GR23-03 represents the highest mineralized intercept to date in the H1 Zone, which remains open at depth and along strike. Highlights GR23-03 intersected 1.82% Ni over 4.60 metres, including 5.75% Ni over 0.60 metres at a depth of 330 metres below surface The 4.60 metre interval includes 0.95 g/t Pd and 0.40 g/t Pt, with a subinterval of 3.85 g/t Pd and 1.68 g/t Pt over 0.60 metres This intercept represents the thickest, highest nickel sulphide tenor mineralization intersected to date in the H1 Zone The H1 Zone remains open at depth and along strike Visible gold was intersected 250 metres below surface, with assays of 49.1 g/t over 0.30 metres Tom Meyer, Archer's President and CEO, commented: \"We are excited by the extension of the higher grade H1 Zone at depth and the opportunity to further grow the resource base with improving nickel grades. This portion of the H1 Zone has seen little drilling given the previous focus on the larger H3 Zone. The continuity of the higher nickel tenors over larger widths in H1 has positive implications for potentially expanding the resource and improving our understanding of the mineralizing event that led to the formation of this exciting nickel discovery\". Jack Gauthier, VP Exploration, commented: \"The mineralization was higher grade and more extensive than anything we have seen in the H1 Zone to date. Furthermore, in addition to this zone being wide open at depth, this hole is more than 200 metres away from the next nearest hole which leaves open the possibility of materially growing the size of the H1 Zone.\" Figure 1 shows the plan view of the drilling targets relative to the surface projection of H3 and H1 Zones that comprise the Grasset mineral resource. The high-grade H3 Zone contains the bulk of the mineral resource and was the focus of previous drilling campaigns. Drill holes GR23-03 and GR23-04 were recently completed and assays have been received for a portion of GR23-03 (Table 1)...