Archer Exploration starts 2024 drilling at Grasset Nickel Project
Archer Exploration Corp. has commenced for the 2024 Winter Exploration Program at the 100% owned Grasset Nickel Project in the Abitibi Greenstone Belt of Quebec.
Highlights
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The first drill hole of the 2024 Winter Program will test the newly identified N9 electromagnetic ("EM") conductor approximately 2 kilometres northeast of the Grasset Deposit
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While drilling the N9 target, downhole EM ("DHEM") surveys on Holes GR23-07 and GR 23-08 will be conducted, providing a higher resolution of the underground conductive anomalies and refining current exploration targets
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In 2023, three drill holes defined a high-grade extension of the H1 Horizon, up to a depth of 450 metres below surface
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GR23-03 : 1.55% Ni, 0.18% Cu, 1.2 g/t Pt-Pd over 5.80 metres
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GR23-07 : 2.97% Ni, 0.10% Cu, 4.1 g/t Pt-Pd over 0.44 metres
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GR23-08 : 1.06% Ni, 0.14% Cu, 0.7 g/t Pt-Pd over 5.60 metres
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"We are thrilled to kick off winter drilling at our Grasset Nickel Project and are eager to test for extensions of the H1 Discovery Zone and the highly prospective N9 electromagnetic anomaly identified last year. The presence of geophysical anomalies such as N9, which exhibits a more conductive EM response than the H1 Horizon at the Grasset Deposit less than 2 kilometres away, in a similar geological environment, underscores the immediate and untapped potential of the Grasset Ultramafic Complex. Our exploration has only just begun at Grasset, and we maintain confidence that we are uncovering a much larger mineralized system than what has been discovered thus far," stated Tom Meyer, Archer's President and Chief Executive Officer.
Winter 2024 Drill Program
The 2024 Winter Program will consist of three to four diamond drill holes and up to 2,000 metres of drilling. The primary objectives of the Winter 2024 Exploration Program are to test the new geophysical anomaly, N9, approximately two kilometres northeast of the Grasset Deposit and further exploration of the high-grade H1 Discovery Zone.
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