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Archer Exploration Ltd.
Summary
| Project: | Blue Hills | |
|---|---|---|
| Deposit: | Blue Hills | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 2/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2019: Archer Exploration Ltd. announces an Exploration/Drilling Update report for its Blue Hills deposit at the Blue Hills project. Drilling results incl. 4.0m @ 0.177ppm Au, 106.5ppm Cu. 0.74ppm Mo from 31m. Archer Exploration Limited (“Archer”, the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Limited (“Archer”, the “Company”) (ASX:AXE) is pleased to provide the final results from the reverse circulation (RC) drilling program (Program) at the Hood prospect, which is part of Archer’s Blue Hills Copper-gold Project, located approximately 240 km north of Adelaide, South Australia (see About Blue Hills). Following from Archer’s ASX release of 7 February 2019, the Company is pleased to report further strong intrusive-style grade copper-gold intercepts from the Hood prospect, with the latest results strengthening Archer’s theory that the mineralisation is associated with an intrusive style body at depth. Archer’s Executive Chairman, Greg English, said “The latest results from the RC drilling at Hood are consistent with the results from the earlier holes and give us confidence that Hood may be part of a larger mineralised system”. “With both copper and gold prices steadily increasing and approaching near term highs we are definitely in the right commodities at the right time” said Mr English. The Company has received the final batch of assay results from the RC holes at Hood prospect. The results include additional intrusive-style copper-gold intercepts, including 0.10% copper from surface in the third hole drilled at Hood (drill hole HDRC19-03) to the end of hole. The results support Archer’s proposed conceptual exploration model that the copper and gold is associated with an intrusive mineralising event. In reaching conclusions on the likely exploration model and potential of the targets’ results, important considerations by Archer are made, including the style of mineralisation, strong alteration of the country rock, the absence o | |
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