July 4, 2017
A new CEO has been appointed to Archer Resources, a mining company which is investigating the prospects of mining a large zinc deposit in the Ban Ban area, south-east of Gayndah.
Archer Resources – soon to be renamed Auburn Resources – is a majority-owned subsidiary of Brisbane-based DGR Global (formerly D’Aguilar Gold) which has interests in projects in Australia, Africa, and North and South America.
In a statement to the ASX on Tuesday, DGR Global said Greg Runge would take over as Archer’s Chief Executive Officer and Executive Director.
Mr Runge was previously Group General Manager at DGR Global.
Archer Resources is currently assessing an historic zinc and silver deposit at Ban Ban, south-east of the Ban Ban Springs highway turn-off.
“(Archer Resources) is reappraising the historic Ban Ban zinc deposit utilising modern, powerful 3D geological modelling software,” the statement to the ASX said.
“This reappraisal work has led to the identification of a drill-ready exploration target at Ban Ban of approximately 2 million tonnes to approximately 5 million tonnes, grading approximately 7 per cent zinc to approximately 10 per cent zinc, and approximately 8g/tonne silver to approximately 10g/tonne silver.”
Archer is planning an exploration program over the next 12 months to prove the extent of the deposits.
The company also recently reported finding nickel-copper-cobalt soil anomalies at a previously unexplored area at Hawkwood, north-west of Monogorilby.
DGR Global also has a 21.77 per cent interest in AusTin Mining, which recently confirmed high grade cobalt results at its Mt Cobalt Project near Kilkivan, and has nickel prospects at Black Snake.
The company also has a 26.15 per cent holding in IronRidge Resources, which is investigating a bauxite/titania holding near Monogorilby.
- Related article: Gold Miner Claims ‘Significant’ Nickel Finds At Black Snake
