AXE completes crucial electro-magnetic survey at Blue Hills

Published at Feb 15, 2018, in Mining

Archer Exploration (ASX:AXE) informed the market this morning that it has completed its aerial electro-magnetic (AEM) survey at its 100% owned Blue Hills project in South Australia.

AXE’s preliminary analysis of AEM data has shown that several basement conductors are on site, which may point to extensive sedimentary hosted copper-gold mineralisation.

Initial AEM images have penetrated some 150m+ into the ground on site, with AXE considering several basement conductors extremely prospective for copper mineralisation.

The AEM flight path was varied in an effort to target previously reported soil anomalies in 2017 (Hood, Hawkeye & Katniss), with the data highlighting that numerous conductors were in close proximity to the aforementioned anomalies.

Blue hills project electro magnetic data

Depth slice image of AEM date with highlighted soil anomalies

It’s worth noting that AXE is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

AEM also has data for two additional prospects located to the east in Legolas & Ygritte (ELA 23/2018).

Located to the east, AXE has applied for a new exploration licence that encompasses ELA 23/2018 and possible extensions to Hood, as seen below:

CLA/2018 blue hills projectAXE is expecting to release its finalised AEM data by the end of February, which it will use in conjunction with previous drill-hole and geochemical data to design a drill program for the site.

The drill program could commence as early as next quarter.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X