Confirmation Of Mineralised System At Grasset Nickel Project

Confirmation Of Mineralised System At Grasset Nickel Project

VANCOUVER – Archer Exploration Corp. reported on the Exploration Program at the 100% owned Grasset Nickel Project in the Abitibi Greenstone Belt of Quebec, Canada. Drill hole GR24-10A intersected the newly discovered H1X Zone at 400 metres below surface: 1) 2.67% Ni, 0.44% Cu, 2.32 g/t Pt-Pd over 2.90 metres, including 4.08% Ni, 0.98% Cu, 4.57 g/t Pt-Pd over 0.85 metres, and within a larger zone grading 1.19% Ni, 0.17% Cu, 0.99 g/t Pt-Pd over 8.20 metres. 2) The H1X Discovery Zone, discovered in 2023, is a high-grade south-eastern extension of the H1 Zone, as seen by: GR23-03 : 1.55% Ni, 0.18% Cu, 1.2 g/t Pt-Pd over 5.80 metres; GR23-07 : 2.97% Ni, 0.10% Cu, 4.1 g/t Pt-Pd over 0.44 metres; and GR23-08 : 1.06% Ni, 0.14% Cu, 0.7 g/t Pt-Pd over 5.60 metres.

“The assay results further reinforce our confidence in the presence of a robust mineralizing system that we can’t fully appreciate yet,” said Tom Meyer, President and Chief Executive Officer of Archer. “As our technical team persists in exploring and defining the boundaries of the Grasset Deposit, we remain highly encouraged from the successes of our fall and winter drilling campaigns. We are particularly enthusiastic about future drilling as we focus on the H1X Discovery Zone at depth and towards the southeast, an area devoid of any historical drilling or exploration along the Sunday Lake Fault.”