Archer Exploration Limited Commencement of Geophysical Survey
27.06.2012 | ABN Newswire
11:59 AEST June 27, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Archer Exploration Limited (ASX:AXE) advises that a program of 2,000 line km of RepTEM has commenced over Archer's Campoona Graphite Deposit and its northeastern and southwestern strike extensions as well as covering Archer's main regional graphite targets (Figs 1 & 2).
The Company's 100% owned Campoona Graphite Project is located approximately 12km north of the township of Cleve on Eyre Peninsula, South Australia.
An early aerial survey was conducted over the Campoona Central Area, immediately around the Campoona South outcrop. The data collected from that airborne survey enabled accurate position of drilling in areas where graphite was concealed beneath soil cover.
The survey is being flown by Geosolutions Pty Ltd and is divided into 3 areas:
- Areas 1 to 3 (Fig. 2) cover the extension of the Campoona Graphite Deposit.
- Areas 4 to 6 cover the widespread Mt Shannon graphite occurrence.
- Area 7 covers the Wilklow to Miltalie occurrences that have previously recorded large flake graphite.
RepTEM is a proprietary time domain EM system that is slung below a helicopter with the system sensor positioned 30 metres above ground surface. The survey is expected to provide very high quality mapping of the highly conductive graphitic horizons and allow the accurate positioning of subsequent drilling.
It is anticipated that the survey will take 7 days to complete with a further 4 to 6 weeks to process the data.
To view the complete Archer Exploration announcement including Figures 1 and 2, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-188428.pdf
About Archer Exploration Limited:
Archer Exploration Limited (ASX:AXE) is a copper, gold and uranium explorer focused on the discovery of world-class ore deposits.
The company has carefully acquired a portfolio of projects, covering an area in excess of 7,000 km2, in the highly prospective Gawler Craton and Adelaide Fold Belt regions of South Australia. All projects are 100% owned by the company.
The company's flagship Evelyn Dam prospect in the West Roxby Project is an iron ore-copper-gold-uranium (IOCG-U) target which has a gravity anomaly similar in size to the nearby Olympic Dam operations.
Archer Exploration Limited has an experienced board and management team and has the ability to maximise the potential of the company's world-class projects.
Contact:
Archer Exploration Limited
T: +62-8-8272-3288
WWW: www.archerexploration.com.au