Mar. 17, 2011 - Archer Exploration Limited is pleased to announce that drilling commenced on 16th March 2011 on a number of promising deposits and prospects near Cleve and Darke Peak on Eyre Peninsula, South Australia. Drilling is expected to take up to four weeks to complete.
The Sugarloaf graphite deposit is located near Darke Peak on Eyre Peninsula South Australia. Prior to Archer Exploration Limited acquiring the tenement, drilling had recorded numerous intercepts of graphite. As graphite was not a focus the intervals were never assayed for carbon.
Archer has reviewed the historical drill logs that record intervals of graphite in 23 of the 41 holes drilled. Geological logs record intervals of graphite varying from 4 metres to 61 metres.
The locations of the holes indicate the potential for significant graphite over a strike length of at least 2 kilometres, the holes in plan view along with an underlying electromagnetic (EM) image for the area. The graphite is highly conductive and the EM responses are considered to be largely due to the presence of graphite.
The Sugarloaf graphite deposit is located near Darke Peak on Eyre Peninsula South Australia. Prior to Archer Exploration Limited acquiring the tenement, drilling had recorded numerous intercepts of graphite. As graphite was not a focus the intervals were never assayed for carbon.
Archer has reviewed the historical drill logs that record intervals of graphite in 23 of the 41 holes drilled. Geological logs record intervals of graphite varying from 4 metres to 61 metres.
The locations of the holes indicate the potential for significant graphite over a strike length of at least 2 kilometres, the holes in plan view along with an underlying electromagnetic (EM) image for the area. The graphite is highly conductive and the EM responses are considered to be largely due to the presence of graphite.
