Archer Exploration Limited (ASX:AXE) Confirmed Continuity of Sugarloaf Graphite Deposit
As previously announced Archer Exploration Limited (ASX:AXE) completed a series of drill holes in 2008 testing anomalous copper-gold results grading >0.1g/t Au recorded in close-spaced rock chip samples taken at Sugarloaf. Archer recovered samples from two of those drill holes, CHRC011 and CHRC012, to assay for carbon. These results have now been returned and show that the Sugarloaf graphite deposit is continuous over a strike length of at least 2.2km.