![]() The primary objective of the winter 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. These results provide further evidence of the potential to expand the nickel resource at Grasset and validate our targeting approach." While mostly pyrite with trace pyrrhotite, volcanogenic sulphides are an essential element in the metallogenetic model for the formation of high-grade nickel magmatic sulphides. GR23-02 intersected more than 3m (true thickness) of barren massive sulphides at a depth of 795m and only 35m away from the deepest high-grade nickel intercept to date. Our first two holes of the winter program were highly encouraging, particularly at depth below the current resource. Jack Gauthier, VP Exploration, commented: “Despite challenging drilling conditions, we are pleased with the progress we've made at Grasset. We look forward to updating our shareholders as we advance the pilot hole deep drilling program.” We will now test high-priority shallow targets with the objective of discovering nickel sulphide mineralization immediately northwest of the current Grasset resource. Tom Meyer, Chief Executive Officer, commented: “ T he information collected to date is not only very encouraging but will prove invaluable in guiding the remainder of our winter drilling program at Grasset. Continued sonic drilling and geophysics programs will assist in generating other targets.A drill rig is being mobilized to test high-priority shallower targets immediately northwest of the defined resource.An earlier than expected winter thaw has paused pilot hole drilling as the Company adds additional support for spring drilling conditions.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.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 Company is progressing with its winter exploration program, including drilling, geophysics and basal till sampling (see new release dated February 1, 2023). (CSE: RCHR) (the “ Company” or “ Archer Exploration”) is pleased to provide an update on its 2023 winter drilling program at its 100% owned Grasset Nickel Project (“Grasset”) located in the Abitibi Greenstone Belt of Quebec, Canada. VANCOUVER, BC, Ap– Archer Exploration Corp.
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