The Gargoyle, Ghost and Goblin properties (collectively known as the “NW Ontario Project”) encompass a 156 km2 grassroots exploration package consisting of 735 claims located within the Archean Lumby Lake greenstone belt near Thunder Bay. The Archean Lumby Lake greenstone belt is comprised of a succession of rocks favourable to hosting economic magmatic Ni deposits, including komatiitic volcanic and intrusive sequences intimately intermixed with sulphide-bearing sedimentary units.
Archer expects that the immediate target within the Gargoyle block (Karl Bjorkman option claims) will be a 1 km long zone of outcropping magmatic Ni sulphide-bearing ultramafic rocks that closely coincide with an extensive series of electromagnetic anomalies, none of which has ever been drill-tested. Grab samples collected from this zone have returned grades of 0.25% to 0.71% nickel, with anomalous copper and cobalt values. The presence of numerous airborne EM conductors along the projected strike of the discoveries suggests potential for more massive, high-grade nickel sulphide mineralization on the project further afield.