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Archer Exploration Launches Near-Resource Drill Program at Grasset Ni-Cu-PGE Deposit
VANCOUVER, BC, May 11, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the "Company" or "Archer Exploration") is pleased to announce that a near-resource dia
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, May 11, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the \"Company\" or \"Archer Exploration\") is pleased to announce that a near-resource diamond drilling program is underway at its 100% owned Grasset Nickel Project (\"Grasset\") located in the Abitibi Greenstone Belt of Quebec, Canada. The Company launched the diamond hole drilling program to test for immediate extensions of the Grasset nickel deposit. Tom Meyer, Chief Executive Officer, commented: \"The objective of the next few diamond holes is to test for nickel sulphide mineralization extensions immediately to the southeast and below the center of the Grasset deposit before resuming the targeting of the deeper extensions.\" A plan view shows the location of the two new drill holes (GR23-03 and GR23-04) relative to previous drilling and the projected location of the mineralized zones at Grasset (Figure 1). The objective of hole GR23-03 is to test for an extension of the nickel mineralisation some 300 meters to the southeast of the actual resources. The hole is targeting approximately 200 metres beneath historical hole GR-14-38 which intercepted 0.51% nickel over 4.51 metres, including 0.80% nickel over 1.07 metres in the H1 mineralized horizon. The only other completed hole in the area is GR12-09, approximately 110 meters to the east from GR14-38. This hole intersected 0.53 % Ni over 8.55 meters, including 1.34% Ni over 0.40 meters and 0.94% Ni over 0.49 meters. Boths holes are 300 meters from the eastern limit of the Grasset deposit resource and are located within an interesting circular magnetic anomaly. The planned hole length is approximately 550 metres and should test the southeast extension of the H1 mineralized zone at a vertical depth of about 300 m below surface. Hole GR-23-04 is designed to test for an extension of the H3 mineralised zone below the current resource depth of 350 metres within the middle of the deposit area. The hole length is planned to be about 900 meters and will test both H3 and H1 at a vertical depth of 400 and 600 metres, respectively. The primary objective of the 2023 exploration program at Grasset is to test the vertical continuity of the H1 and H3 mineralized zones at depth and to explore for additional high-grade Ni-Cu-PGE magmatic massive sulphide lenses proximal to the current resource. The Grasset Project The...