Artemis Resources (ASX: ARV) is now finalising details for its drilling program targeting the Eastern Hills antimony-lead deposit in the Ashburton region of Western Australia.
This follows the State Government approving $140,000 in co-funding as well as the Program of Work for the drilling, which is expected to be completed in the September 2013 quarter.
The planned drilling program will validate historical drilling and analyses with at least one twin hole to be drilled.
It is designed to establish a maiden JORC Resource, expand known mineralisation down dip and along strike and test an adjoining zone immediately to the northeast of the Eastern Hills antimony-lead lode where earlier surface sampling identified anomalous gold in rockchips.
This will consist of up to 16 drillholes totalling 2,800 metres and will be funded from the company’s existing cash reserves.
Drilling will begin once a suitable drill rig is sourced.
Eastern Hills has an exploration target of between 410,000 tonnes and 1.25 million tonnes at 1.5% to 1.9% antimony and 21% to 2.7% lead. It also contains precious metal credits of around 0.22 grams per tonne gold and 26g/t silver.
The deposit consists of a zone of mineralisation up to two metres wide associated with a fault structure and outcropping over a strike length of at least 600 metres. The dominant fault structure trends ENE (Figure 3) and dips steeply to the SSE.
The mineralisation occurs as massive sulphides bounded by a broader zone of disseminated sulphides. The mineralisation contains high levels of antimony and lead, as well as minor gold and silver, associated with a linear quartz vein represented at surface by a thin, outcropping gossanous zone.
Eastern Hills is part of Artemis’ Mt Clement Gold Project that is held in joint venture with Paulsens Gold Mine operator Northern Star Resources (ASX: NST).
Mt Clement (Artemis 80%) contains an Inferred Resource of 1.13 million tonnes at 1.8g/t gold and 17g/t silver.
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