Sign up Australia
Proactive Investors - Run By Investors For Investors

Archer Exploration finds gold in Blue Hills Copper Project

Field work has commenced with results expected during the coming months.
Archer Exploration finds gold in Blue Hills Copper Project
The results also include 23 metres at 0.3% copper from surface

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.





Register here to be notified of future AXE Company articles
View full AXE profile View Profile

Archer Exploration Ltd Timeline

Related Articles

1506662375_emmerson-resources_rob-bills-1-highres-757.jpg
September 29 2017
Rob Bills, managing director, talks exclusively with Proactive Investors.
1509449982_Copper-cathode-from-Berta.jpg
November 01 2017
Coro is establishing itself as a producing copper company with potential for significant growth
White-Cliff-Minerals-MD-Todd-Hibberd-presenting-Syd-Mar-2017-757.jpg
March 17 2017
Todd Hibberd brought gold, lithium and nickel to investors.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use