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:
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Diamond Hole From To Interval Assay Lithology
ID (m) (m) (m) (TGC)
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CSDD12_001 16 47 31 14.7% Graphitic schist
CSDD12_002 11 88 77 17.2% Graphite schist to EOH
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Full Campoona Shaft Metallurgical Diamond Drill Hole Results
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Diamond Hole From To Interval Assay Lithology
ID (m) (m) (m) (TGC)
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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
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For the full tables and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-699031.pdf
