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One of the companies that may be worth looking into at this point in light of its announcement on August 17 is Archer Exploration Corp. (OTCQB:RCHRF) (CSE: RCHR). At the time, the company had announced that it had received highly encouraging results following the downhole electromagnetic (DHEM) surveys conducted at a 100% owned asset.
The asset in question is the Grasset Ni-Cu-Co PGE project that is situated in the Abitibi Greenstone Belt, located in Quebec, Canada. It could be a good move for investors to consider taking a look at some of the highlights from the surveys conducted by the company.
The DHEM surveys also produced as many as three new highly conducive plates in the H1 horizon. The company revealed that the newly modeled plates started 360 meters under the surface and had not been drill-tested yet.
The Vice President of Exploration at the company, Jack Gauthier, spoke about the developments as well. He noted that the sizeable and strong off-hole anomalies that had been discovered at the property supported Archer Exploration’s view that there was untested potential at Grasset. He went on to add that further drilling was necessary at the property so as to test the strong indicators.