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Archer Exploration Ltd.
Summary
| Project: | Blue Hills | |
|---|---|---|
| Deposit: | Blue Hills | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-8-2017: Archer Exploration Ltd. announces an Exploration/Drilling Update report for its Blue Hills deposit at the Blue Hills project. Re-assayed drilling results incl. 10m @ 0.15g/t Au from 1m. Archer Exploration Ltd (ASX:AXE, Archer, Company) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Ltd (ASX:AXE, Archer, Company) is pleased to update the market with the latest gold assays from the Company’s 100% owned Blue Hills Copper Project, located approximately 40km southeast of Peterborough, South Australia. In May 2017, the Company completed a reconnaissance drill program at Blue Hills. A total of RC 16 holes were drilled, targeting unrecorded historic workings in the area. The drill program was successful and intersected significant copper from surface, including 23m @ 0.3% (hole BHRC 1701). The RC drilling campaign at Blue Hills was successful in identifying significant copper mineralisation along strike and below historic copper workings located to the north of the Ketchowla Cobalt Manganese drilling. The drilling was followed up with a regional rock chip sampling program which showed the presence of gold in the area (best result of 8.1 g/t). Whilst the gold itself is not high grade, the presence of gold in the mineralised copper system is significant, as it supports the geophysical modelling and the Company’s view that Blue Hills is an intrusive style copper mineralised system. Executive Chairman, Greg English said, "The presence of gold with copper at Blue Hills, provides further evidence that Archer has potentially identified a large intrusive related copper gold system. The presence of gold and copper in the mineralisation makes Blue Hills different to the other types of copper deposits in the area.” | |
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