florence drilling

Florence Drilling Completed, Cloncurry District
ActivEX (ASX: AIV) has completed its drilling activities at Florence Creek and at the Mt
Agate Joint Venture. A total of seventeen RC percussion holes were drilled for 2199
metres.
ActivEX completed a thirteen hole program in this second phase of drilling in the
Florence Creek area, totalling 1649 metres. The targets have been designed to follow
up outstanding intersections returned from the previous drill program and to prove
continuity to the mineralised zones by stepping back and out from the successful holes.
3D modelling of the SAM conductivity data has been used to help refine the drilling
targets. Two of the holes (AFC018 and AFC018b) did not reach target due to poor
drilling conditions.
The drilling program included an additional four holes totalling 550 metres, in ActivEX?s
first phase of drilling at the Saddle Ridge prospect in the Mt Agate Project, located south
of Florence. The project is a joint venture with Carpentaria Exploration Limited
(ASX:CAP) where ActivEX has the right to earn up to 75% interest. The Saddle Ridge
target is a geochemical anomaly which is at least 5 kilometres long and has limited
previous drilling.
ActivEX