Archer Exploration Corp. provided an update on its ongoing 2023 nickel sulphide exploration program at its 100% owned Grasset project, located in the northern Abitibi Greenstone Belt of Quebec, Canada. Recent drilling has focused on testing for immediate extensions of the Grasset Nickel Deposit.

Hole GR23-03 represents the mineralized intercept to date in the H1 Zone, which remains open at depth and along strike. Highlights: GR23-03 intersected 1.82% Ni over 4.60 metres, including 5.75% Ni over 0.60 metres at a depth of 330 metres below surface. The 4.60 metre interval includes 0.95 g/t Pd and 0.40 g/t Pt, with a subinterval of 3.85 g/t Pd and 1.68 g/t Pd over 0.60 metres.

This intercept represents the thickest, nickel sulphide tenor mineralization intersected to date in the H 1 Zone. The H1 Zone remains open at depth and alongstrike. Visible gold was intersected 250 metres below surface, with assays of 49.1 g/t over 0.30 metres.

This portion of the H1 Zone has seen little drilling given the previous focus on the larger H3 Zone. The continuity of the higher nickel tenors over larger widths in H1 has positive implications for potentially expanding the resource and improving understanding of the mineralizing event that led to the formation of this nickel discovery.