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Archer Exploration Ltd.
Summary
| Project: | Blue Hills | |
|---|---|---|
| Deposit: | Blue Hills | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2018: Archer Exploration Ltd. announces an Exploration/Drilling Update report for its Blue Hills deposit at the Blue Hills project. Drilling results incl. 18m @ 217ppb Au, 32ppm Cu from 0m. Archer Exploration Limited (ASX:AXE, ‘Archer’ or ‘the Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Limited (ASX:AXE, ‘Archer’ or ‘the Company’) is pleased to advise that the recently completed Rotary Air Blast (‘RAB’) geochemical drilling program at the Blue Hills Copper Project, South Australia, comprising 226 holes for 2,661m intersected strong anomalous copper and widespread gold in bedrock on each line of drilling. Archer’s Executive Chairman, Greg English commented: “This round of RAB drilling at Blue Hills was designed as a reconnaissance program across the strong surface soil copper anomalies that have been previously identified. The drilling program sought to establish whether the surface copper was also present in the bedrock.” “The discovery of widespread gold mineralisation associated with the copper gives strong support that the mineralisation is associated with nearby intrusive systems” said Mr English. “It is particularly encouraging that along each line of drilling over a strike of approximately 4.0km and 3.0km for Hood and Hawkeye respectively, we have intersected zones of anomalous copper within the bedrock. These outstanding results are another step in unlocking the large multi-kilometre scale copper systems at Blue Hills” said Mr English. | |
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