Archer Exploration Limited Final Campoona Shaft Metallurgical Drill Hole Results
09.10.2012 | ABN Newswire
08:11 AEST Oct 9, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Archer Exploration Limited (ASX:AXE) report that the results for the last two metallurgical diamond drill holes at Campoona Shaft have been received.
Significant results include:
- 31m @ 14.4%TGC from 16m in hole CSDD12_001
- 77m @ 17.2%TGC from 11m in hole CSDD12_002
All Resource drilling at Campoona Shaft has been completed with Resource estimation completed by December 2012.
CAMPOONA DIAMOND DRILLING
Assay results have been received for the outstanding two diamond drill holes at Campoona Shaft. Resource drilling at Campoona Shaft was completed on a nominal 50m x 20m pattern to depths of 80-100m (Figure 1 in link below). Resource modelling has commenced and is expected to be completed by December 2012.
Receipt of the final assays has also signalled the start of more detailed composite metallurgical testing to test metallurgical responses across the length, breadth and depth of the deposit. Metallurgical results will be released to the market as and when they are finalised.
Diamond drill results for Campoona Shaft include:
--------------------------------------------------------
Diamond Hole From To Interval Assay Lithology
ID (m) (m) (m) (TGC)
--------------------------------------------------------
CSDD12_001 16 47 31 14.7% Graphitic schist
CSDD12_002 11 88 77 17.2% Graphite schist to EOH
--------------------------------------------------------
Full Campoona Shaft Metallurgical Diamond Drill Hole Results
--------------------------------------------------------------
Diamond Hole From To Interval Assay Lithology
ID (m) (m) (m) (TGC)
--------------------------------------------------------------
CSDD12_001 16 47 31 14.7% Graphitic schist
CSDD12_002 11 88 77 17.2% Graphitic schist
CSDD12_003 24 106.4 82.4 15.9% Graphitic schist to EOH
incl 24 89 65 14.7% Graphitic schist to EOH
and 90 106.4 16.4 21.3% Graphitic schist to EOH
CSDD12_004 17 115 98 13.3
CSDD12_005 28 74 46 12.6 Graphitic schist & gneiss
incl 32 51 19 16.1 Graphitic schist & gneiss
and 59 73 14 14.8 Graphitic schist & gneiss
--------------------------------------------------------------
For the full tables and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-699031.pdf
About Archer Exploration Limited:
Archer Exploration Limited (ASX:AXE) is a graphite, magnesite, copper, gold and manganese 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 5300 km2, in the highly prospective Gawler Craton and Adelaide Fold Belt regions of South Australia. All projects are 100% owned by the Company.
Archer also has earned the right to 100% of minerals other than uranium on EL4693 Wildhorse Plain located near Cleve on Eyre Peninsula.
The Company's flagship Campoona and Sugarloaf graphite deposits occur in the Cleve district where the Company has tenure of 933km2 in the emerging graphite province.
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: +61-8-8272-3288
WWW: www.archerexploration.com.au