Archer Exploration (ASX:AXE) has revealed the latest assays from its Blue Hills Copper Project in South Australia, with up to 0.76 g/t gold reported along with copper.
The best gold results include:
- 1 metre at 0.76 g/t gold from surface;
- 10 metres at 0.15 g/t gold from surface; and
- 6 metres at 0.12 g/t gold from surface.
The company had completed a reconnaissance drill program at Blue Hills In May 2017.
A total of 16 reverse circulation holes were drilled, targeting unrecorded historic workings in the area.
Importantly, the drill campaign was successful in identifying significant copper mineralisation along strike and below historic copper workings, including 23 metres at 0.3% copper from surface.
The drilling was followed up with a regional rock chip sampling program which showed the presence of gold in the area. As a result of this discovery, the company re-assayed the drill samples for gold.
The co-mingling of copper and gold at Blue Hills is important as it shows that these minerals have been deposited by a single process, consistent with intrusive style mineralisation.
Whilst these types of deposits do not have the highest grades of ore, they tend to have large overall resources.
Archer has commenced a systemic soil and rock chip sampling over the area of the Blue Hills copper anomaly, to expand the mineralisation footprint and aid in the identification of future drill targets.