Archer has numerous walk up gold targets ready for drilling
The main projects within Archer’s gold portfolio are the Bartel Epithermal Gold Prospect, the Wonna Gold Prospect and the Watervale Gold Prospect.
The Bartel Epithermal Gold Prospect is located on EL4693 Wildhorse Plain 15km north of the township of Cleve on Eyre Peninsula, South Australia. Several highly anomalous gold values have been reported in drilling and sampling by Archer and other explorers. The widespread alteration geochemistry suggests the Bartel Gold Prospect to be a low sulphidation hydrothermal (epithermal) alteration system. The area of known alteration is very large being at least 1.5km x 1.2km in dimensions and is seen to extend under cover.
The Napoleans Hat Prospect is located within the Wonna Gold Project. Napoleons Hat contains numerous historic gold mines and workings. During 2015 Archer completed a small rock chip sampling programme over Wonna. The most significant results came from vein quartz which returned assays of 8.88 g/t gold (Sample WN291015_001) and 1.91 g/t gold (sample WN291015_002).
Archer first sampled the Watervale tenement area in 2010 for gold and over a couple of sampling programs identified extensive gold mineralisation. The most significant historical results were from quartz veined sandstone samples located 50m apart on a NW trending ridge which returned 6.42 g/t and 3.84 g/t gold. Additional bulk sampling of quartz veins at the Watervale Prospect on the EL extended the known gold mineralisation to the south where the company has now identified a gold mineralised quartz vein over 800m long.