Archer Exploration Limited (ASX:AXE) has received positive final drilling results from Katniss and Hawkeye prospects within its wider Blue Hills Copper-Gold project in South Australia.
In addition to identifying copper, gold and molybdenum mineralisation, assay results also indicate the presence of pathfinder minerals such as bismuth, tellurium and arsenic.
Whilst relatively low in concentration, the presence of these pathfinder minerals with the gold mineralisation supports Archers intrusive style mineralisation geological model.
Archer executive chairman Greg English said: “Our maiden drill program at Blue Hills has been a success with drill holes at Hood, Hawkeye and Katniss supporting our view that the mineralisation at Blue Hills is associated with a large intrusive body at depth.
“The presence of pathfinder minerals is exciting and gives us more confidence that we are on the right track at Blue Hills.”
Results from Hawkeye and Katniss indicate there is possibly some fractionation across the district over an area of around 8 kilometres implying a different intrusive source to the mineralisation at Hood.
Magnetic image showing the location of modelled intrusions with soil anomalies
This widespread fractionation is most likely the reason for Katniss and Hawkeye assay results showing higher gold values than at Hood including 4 metres at 0.16 g/t from 8 metres intersected at Hawkeye.
READ: Archer Exploration intersects 0.10% copper from final drilling at Blue Hills Copper-Gold Project
Several intrusions have been modelled in the area and will be the target of future exploration programs given the success of the recent drill program.
The results have given Archer the confidence to continue exploration at the project and all information from the program has been collated and will be integrated with the geophysical and geochemical data.
Results will be released in the coming weeks.