Archer Exploration Limited Commencement of Calendar 2013 Drilling Program
29.01.2013 | ABN Newswire
11:29 AEST Jan 29, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Archer Exploration Limited (ASX:AXE) is pleased to announce that drilling commenced on 27th January 2013 on a number of promising deposits and prospects north of Cleve on Eyre Peninsula, South Australia.
The Q1 2013 drill program will consist of:
1. Drilling of projected regional extensions to the Campoona Shaft graphite deposit.
2. Drilling to test for copper/gold targets at Robertstown near Burra.
3. Drilling to test anomalous EM graphite targets on Eyre Peninsula tenements.
4. Drilling of the epithermal gold target at Bartel near Cleve on Eyre Peninsula.
Archer's drilling schedule for Quarter 1, 2013 will consist of:
Nominal Drill Schedule:
Campoona Graphite Targets Late January - mid February 2013
Robertstown Copper Targets Mid February - late February 2013
Mt Shannan Graphite Targets Early March to mid April 2013
Bartel Epithermal Gold Target April 2013
Figures 1 to 4 (refer to link below) show the location of the proposed drilling showing the planned drill hole locations. The colour of the drill hole locations indicates the depth of the drill holes with magenta being the deepest at +120m, blue + 100m and yellow +80m depth.
Drilling results will be reported as they come to hand.
View the complete Archer Exploration announcement including figures at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-717600.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
