Archer Exploration Corp. (CSE: RCHR) has provided strong progress with its 2023 winter drilling programme at its wholly-owned Grasset Nickel Project located in the Abitibi Greenstone Belt of Quebec, Canada.
The company is progressing with its winter exploration programme, including drilling, geophysics and basal till sampling.
Highlights
- Hole GR23-02 intersected 3m true thickness of barren volcanogenic massive sulphides close to H1 horizon at a depth of 795m, confirming the presence of an important source of sulphur required for Ni-Cu-PGE magmatic sulphide mineralization.
- The newly intersected massive sulphides are only 35m from the deepest historical (2018) high-grade mineralized intercept (GR18-102A: 2.76% NiEq over 0.51m) while targeting an area 70m below this intercept.
- An earlier than expected winter thaw has paused pilot hole drilling as the Company adds additional support for spring drilling conditions.
- A drill rig is being mobilised to test high-priority shallower targets immediately northwest of the defined resource.
- Continued sonic drilling and geophysics programs will assist in generating other targets.
“The information collected to date is not only very encouraging but will prove invaluable in guiding the remainder of our winter drilling programme at Grasset,” CEO, Tom Meyer, said.
“We will now test high-priority shallow targets with the objective of discovering nickel sulphide mineralization immediately northwest of the current Grasset resource.”
The primary objective of the winter programme 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.
Early geological interpretations led us to conclude that the most efficient and cost-effective method of exploring the sub-vertical ultramafic host unit was to drill a vertical pilot hole between the H1 and H3 zones and utilize directional drilling to control several ‘branch holes’ that would test the H1 and H3 zones at depth.
In addition to the pilot hole and directional drilling program at Grasset, a 20-hole sonic drilling programme and ground geophysical survey are now underway and progressing as planned.
Next Steps
An early winter thaw has temporarily paused the deep pilot hole programme as the company shifts to a program more suitable for spring drilling. A drill is being mobilized and will test high-priority shallow targets immediately northwest of the current Grasset resource.
Large loop, high-power downhole electromagnetic and gravity surveys are also planned to assist in targeting mineralized extensions of H1 and H3 at depth.
The development of the deep directional drilling techniques at Grasset will grant Archer cost-effective exploration avenues as we further explore the 23km ultramafic-rich corridor of Grasset.
For further information please visit: https://archerexploration.com/
