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Archer Exploration Provides Update on Gargoyle Ni-Cu-Co Project in Lumby Lake Greenstone Belt, Ontario
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer")
About this update from Northx Nickel Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the \"Company\" or \"Archer\") is pleased to announce the results of its Summer 2023 field program at the Gargoyle Ni-Cu-Co project in the Lumby Lake Greenstone Belt, located approximately 55 kilometres northeast of Atikokan, Ontario. Highlights The Gargoyle property hosts a 10 kilometre long succession of favourable ultramafic rocks hosting numerous untested conductors Ni-Cu-Co sulphide mineralization has been traced across intermittent outcrops over a 1 kilometre strike length Four well-mineralized samples collected from two outcrops, contained anomalous nickel concentrations ranging from 0.54% to 0.76% Ni Memorandum of Understanding completed with Lac des Mille Lacs First Nations The Gargoyle Ni-Cu-Co project consists of three separate claim blocks (Gargoyle, Goblin and Ghost properties) that together comprise 719 mineral claims totaling 15,216 hectares (Figure 1 and 2). The Gargoyle property is host to a 10 kilometre long succession of ultramafic rocks hosting numerous airborne conductors, none of which have been drill tested. Significant Ni-Cu-Co sulphide mineralization has been traced across intermittent outcrops for an approximately 1 kilometre strike length. Tom Meyer, Archer's Chief Executive Officer, commented: \"We are excited for our first opportunity to follow-up on the work carried out in this area by the previous landholders since we acquired the Gargoyle project in November 2022. Previous work on this highly prospective and easily accessible property identified magmatic nickel-copper-cobalt sulphide mineralization within a local abundance of favourable ultramafic rocks in the area. The focus of our current work is to further explore nickel sulphide targets and manifest the upside potential of Gargoyle within our large portfolio of Canadian nickel sulphide exploration projects.\" John Townend, Archer's Senior Manager of Technical Services & Exploration, commented: \"During the Spring and Summer of 2023, we targeted the highest priority VTEM conductors that were coincident with either mapped mafic/ultramafic rocks or unmapped and unexplained magnetic highs which could potentially be hosting magmatic nickel sulphide mineralization. Prospecting identified and delineated many new ma...