Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara
Potential areas across the Fortescue Basin topography where mafic gold-rich conglomerates can form.
Company
ASX:ARV
Artemis Resources Ltd is a gold, copper and lithium focused resources company with three major projects in Western Australia: the Greater Carlow Castle gold-copper-cobalt project in the West Pilbara; the Paterson Central project in the Paterson Province; and the Osborne JV in the West Pilbara.
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Potential areas across the Fortescue Basin topography where mafic gold-rich conglomerates can form.
The company is focused on bringing the Radio Hill processing plant back online.
The company has intersected shallow 2.32% cobalt at its Carlow Castle Project.
Alteration minerals, bleaching and several quartz and pegmatitic veins have been observed.
An environmental approval and a Department of Water and Environmental Regulation licence amendment are still required.
The observations are supportive of existing mineralisation in the region.
The new nickel area could form part of a future nickel production strategy at nearby Radio Hill.
The project has equivalent stratigraphy to the Purdy’s Reward gold discovery.
Shares are well above their $0.04 52-week low, currently trading at $0.22.
Earlier this year, the company applied for nine exploration licences covering 1,300 square kilometres.
Last major work programs before completion of the DFS in early 2018.
Gold-uranium anomalies identified within the Mallina Basin sediments and conglomerates.
Global investor interest in the Pilbara has increased dramatically in recent times.
Elysium will soon explore for conglomerate-hosted gold.
DGO Gold's tenements are near De Grey's discovery of gold nuggets.
The halt will remain in place until Wednesday 25th October 2017.
The halt will remain in place until Wednesday 25th October 2017.
We are joined exclusively by Dr Mike Jones to discuss conglomerate-hosted gold.
Shares have spiked over 50% intra-day to trade at $0.02.
Artemis Resources has taken a 4.8% stake in Castle.