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Archer Exploration Ltd.
Summary
| Project: | North Burra | |
|---|---|---|
| Deposit: | Blue Hills | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2017: Archer Exploration Ltd. announces an Exploration/Drilling Update report for its Blue Hills deposit at the North Burra project. Drilling results incl. 23m @ 0.3% Cu from 0m. Archer Exploration Ltd (ASX:AXE, Archer, Company) is pleased to report t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Ltd (ASX:AXE, Archer, Company) is pleased to report that recent reconnaissance reverse circulation (RC) drilling has intersected significant intervals of copper mineralisation at the Blue Hills Project, part of the Company’s 100% owned North Burra Project in South Australia. The recent RC drilling campaign at Blue Hills, comprising 16 holes, was designed to test for copper mineralisation along strike and below historic copper workings which have never been drill tested by modern explorers. The drilling has been successful in intersecting copper within the oxide zone. In addition, several RC drill holes toward the end of the campaign (not the subject of this announcement) encountered visual copper mineralisation including malachite and chalcopyrite. While exploration is still at an early stage at Blue Hills, the directors of Archer are very encouraged by these results given the length of the intervals of copper intersected. The drilling at Blue Hills took place immediately after completion of the drilling at Ketchowla. A total of 16 holes for 435 m were drilled at Blue Hills in May 2017. Five failed collars occurred as a result of the drilling equipment used at Ketchowla not being suitable for Blue Hills. The problem was resolved by removing part of the back reamer on the hammer. Chalcopyrite is observed in all intervals that report >100ppm Cu (see Annexure 1 for assays). The considerable width of mineralisation (>40m) coupled with strong ground preparation (silica flooding) indicate the potential for an economic discovery. | |
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