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ARCHER EXPLORATION LIMITED

ASX: AXE

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Archer Exploration Limited (ASX code '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.

West Roxby Project (100% AXE)

* Evelyn Dam is a massive gravity anomaly, greater than 2km in diameter. It is interpreted to be a large iron ore-copper-gold-uranium (IOCG-U) deposit similar to BHP Billiton’s nearby Olympic Dam, which lies 150km to the NNE. Archer has completed close-spaced geophysical modelling and has defined several drill targets.

* The Apollo Prospect is a significant gravity anomaly, 3km in diameter. It is interpreted to be a large mineralised igneous intrusion, possibly pipe-like in form. Close-spaced geophysical modelling has been completed and drill targets identified.

Carappee Hill Project (100% AXE)

* Preliminary soil sampling and reverse circulation (RC) drilling by Archer at the Bender Prospect has revealed a significant zone of gold-copper mineralisation over 2.7km in length. Geophysical modelling has identified a large geophysical target which may be the source of the mineralisation and which will be drill tested by Archer.

Wilmington Project (100% AXE)

* The Spring Creek Prospect has considerable recorded copper mineralisation and lies near the historic Spring Creek Mine, which is also within the tenement. Drilling by a previous explorer identified a mineralised zone of 21m @ 1.8% copper, from 125m depth at Spring Creek.

Burra Project (100% AXE)

* The Burra project area includes the historic Robertstown Copper Mine, 30km SE of Burra and other recorded copper, gold and multi-element mineral occurrences.

Mine For

iron ore, copper, gold, uraniuma

Location of operation(s)

South Australia

Address

Level 1, 28 Greenhill Rd
WAYVILLE, SA, AUSTRALIA

Phone

(61 8) 8272 3288

Email

Website


Last Updated

26/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.