Artemis Resources Ltd (ASX:ARV) and 50:50 joint venture partner Novo Resources Corp (CVE:NVO) have restarted exploration at the Purdy’s Reward Conglomerate Gold Project in the West Pilbara.
Novo is undertaking infill drilling and bulk sampling to further evaluate the gold deposit.
Purdy’s Reward is nearby to Novo’s Comet Well project where mapping and trenching has recently confirmed the gold-bearing conglomerate stretches across both projects.
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Artemis’ executive director Edward Mead said: “We are pleased to see the resumption of exploration activities at Purdy’s Reward.
“The geological and structural understanding of the Comet Well to Purdy’s Reward Conglomerate gold trend has significantly advanced since exploration started.
“With bulk sampling techniques streamlined by Novo over the past months at Comet Well, Artemis looks forward to improved turn around times for assays from Purdy’s Reward.”
Gold grades are being assessed by bulk sampling
The recently commenced infill diamond drilling at Purdy’s Reward aims to gather information about the depth and thickness of targeted conglomerate units.
Given the extremely nuggety nature of the deposit, gold grades are being assessed by bulk sampling.
Bulk samples using Novo’s new 5-10 tonne sampling protocol will soon be collected from trenches in areas.
The areas are near to where the Novo-Artemis joint venture collected 300 kilograms of gold-bearing bulk samples in 2017.
Working towards large-scale bulk sampling
The joint venture aim is to ultimately move the project toward large-scale bulk sample extraction and testing as a critical means of determining its potential viability.
Exploration aims to provide sufficient data for a mineralisation report by the end of 2018.