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Archer Exploration Ltd.
Summary
| Project: | Ketchowla | |
|---|---|---|
| Deposit: | K1, K2 | |
| Location: | Australia | |
| Commodities: | Cobalt-Manganese | |
| Date: | 6/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2017: Archer Exploration Ltd. announces an Exploration/Drilling Update report for its K1, K2 deposit at the Ketchowla project. Drilling results incl. 13m @ 0.06% Co, 12.4% Mn, 0.17% CU, 0.17% Ni, 0.14% Zn from 2m. Archer Exploration Limited (ASX: AXE) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Bollenhagen (Internal) | |
| ABSTRACT: | Archer Exploration Limited (ASX: AXE) is pleased to announce that it has received nearly all of the assay results from the recent K1 and K2 Reverse Circulation (RC) drilling at the Company’s 100% owned Ketchowla Cobalt Manganese Project (located near Burra, South Australia). The latest drilling has re-confirmed the previous drill results and the potential for Ketchowla to host significant cobalt and manganese deposits. The drilling campaign was designed to test the width and depth extent of outcropping manganese and cobalt mineralisation where previous sampling by Archer returned grades up to 0.64% cobalt and >50% manganese. The results from the drilling were positive and extended the zone of cobalt and manganese mineralisation at K1. Archer’s Executive Chairman Greg English said: “We are very pleased with the results from this latest drilling at K1 and K2. The latest results are consistent with the results from the earlier drilling and show that K1 is open the north over a strike length of 5km.” “We have multiple drill targets over more than 20km of the greater Ketchowla structure and will undertake further work to prioritise these drill targets. The positive results from the latest Ketchowla drilling and the recent success at the nearby Blue Hills copper project signifies the North Burra Project as a major project for Archer” said Mr English. | |
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