Archer exploration expands

Adelaide based mineral exploration company Archer Exploration has successfully....

  Adelaide based mineral exploration company Archer Exploration has successfully applied for three mineral exploration licences in the Wilmington area of South Australia.The areas applied for are highly prospective for manganese and copper and compliment the Company’s existing manganese, iron and copper projects at Carrappee Hill and West Roxby.The tenement areas are located close to existing major infrastructure being 20km NW from the deep water port of Port Pirie, and 35km’s east of Port Augusta.Manganese mineralisation has been historically reported on the tenement area and potential exists for further strata bound manganese mineralisation.The tenement area is also highly prospective for copper (previous diamond drilling recorded 3m @ 3% Cu from 132.6m and 6m @ 2.3% Cu from 146.3m) which has been historically mined on the tenement area (the Spring Creek Copper Mine was active from 1860 to 1910).Archer intends to conduct a thorough review of all available historical data, after which, areas that are deemed prospective for copper and manganese will be targeted for follow up investigation.Archer Exploration Ltd is an ASX listed iron ore, manganese and base metals explorer focused on the discovery of world-class deposits. The Company has carefully acquired a portfolio of wholly owned projects in the highly prospective Gawler Craton region of South Australia.The Company is also well advanced on the exploration of its Olympic Dam style iron oxide-copper-gold-uranium (IOCG-U) deposit. The Evelyn Dam anomaly has early geophysical characteristics similar to those of Olympic Dam and the recent Carrapateena discovery.Although uranium is not the core focus of Archer Exploration, the company has many exploration targets that believe are worth pursuing.