Business
Archer Exploration Resumes Drilling in H1 Discovery Zone of Grasset Nickel Project
Vancouver, British Columbia--(Newsfile Corp. - November 30, 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. - November 30, 2023) - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the \"Company\" or \"Archer\") is pleased to announce that it has resumed drilling at its 100% owned Grasset Nickel Project (\"Grasset\") in the Abitibi Greenstone Belt of Quebec, Canada. Highlights Drilling has resumed at Grasset and will test shallow depth extensions of the newly discovered nickel-rich massive sulphide zone identified by hole GR23-03 during Summer 2023 drilling At a depth of 330 metres, GR23-03 intersected 1.55% Ni, 0.18% Cu, 1.17 g/t Pt-Pd over 5.80 metres, including 5.75% Ni, 0.24% Cu, 5.53 g/t Pt-Pd over 0.60 metres of massive sulphides Compilation of new geophysical data with a new geological interpretation based on the re-logging of historical core continues apace and continues to drive the development of exciting new drill targets InfiniTEM-XL electromagnetic ground survey identifies new anomaly two kilometres north of Grasset Deposit The Company remains fully funded following an oversubscribed $2 million private placement in November 2023 \"We are extremely excited to resume drilling at Grasset,\" commented Tom Meyer, Archer's President and CEO. \"The Fall 2023 campaign will test the newly discovered nickel-rich sulphide mineralization identified by hole GR23-03 and the subsequent down hole electro-magnetic (\"DHEM\") surveys will provide invaluable targeting data for extensions to this new zone as we begin planning for a larger winter 2024 drilling program at Grasset. We remain focused on growth and discovery at Grasset as we continue to improve our understanding of this very exciting discovery.\" Fall 2023 Drill Program The exploration team is on site and drilling has commenced at Grasset, where the Company will explore a newly identified nickel-rich sulphide zone in the southeastern portion of the H1 Horizon. The Fall 2023 drilling program will consist of two holes and approximately 1,200 metres. Hole GR23-07 will target the H1 discovery zone at a depth of approximately 100 metres below the high-grade intercept southeast of hole GR23-03 (Figures 1 and 3), while hole GR23-08 will test for mineralized extensions about 50 metres south-east and 150 metres deeper than GR23-07. Once drilling has completed, DHEM surveys will be conducted to help define this new zone and assis...