Next Investors logo grey

AXE completes crucial electro-magnetic survey at Blue Hills

|

Published 15-FEB-2018 12:58 P.M.

|

1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

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.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.