The Sugarloaf graphite deposit is located on Carappee Hill EL (3711) near Darke Peak on Eyre Peninsula, South Australia. Prior to Archer Exploration Limited (ASX:AXE) acquiring the tenement, drilling had recorded numerous intercepts of graphite. As graphite was not a focus the intervals were never assayed for carbon.
Following the recent highly successful geological mapping program conducted on the Peak Hill project near Mt Padbury within exploration licence E52/2279 which highlighted two deposits of high grade haematite-goethite mineralisation the joint venture partners Padbury Mining (ASX:PDY) and Aurium Resources (ASX:AGU) are pleased to announce that they will be undertaking a heritage survey of the tenement commencing 2 May 2011 in readiness for the first drilling program on Mt Padbury.
Archer Exploration Limited (ASX:AXE) has completed four RC drill holes at Sugarloaf during April 2011. The Sugarloaf graphite deposit is located on Carappee Hill EL 3711 near Darke Peak on Eyre Peninsula, South Australia.
Pluton Resources Limited (ASX:PLV) have received final concentrate assay results from the Davis Tube Recovery analysis of the third consignment of Yampi Member composite samples taken from the current Phase II drilling program at the Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).
Asian Activities Report for April 27, 2011 includes: Ferrowest Limited (ASX:FWL) has completed 1,250 metres of drilling on the Yogi tenements within the Yalgoo Iron Project in Western Australia; Whinnen Resources Limited (ASX:WWW) updated on the acquisition of Chilean copper projects; Sherwin Iron Limited (ASX:SHD) raised A$8.5 million to accelerate the Roper River Iron Ore Project in Northern Territory; West Peak Iron Limited (ASX:WPI) has been granted three iron ore licences in Liberia.
Sundance Resources Limited (ASX:SDL) (PINK:SUDCF) is pleased to announce that it has entered into a Placement Agreement to raise A$60 million from international institutional investors.
Following the previously reported encouraging drilling and test work results from its 100%- owned Jubuk magnetite project near Corrigin, Magnetic Resources Nl (ASX:MAU) has completed the second stage of the latest reverse circulation drilling programme. The drilling programme was aimed at testing of strike extensions of the prospective coarse-grained magnetite banded iron formation and providing information for a preliminary resource estimate.
