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Artemis Resources Ltd

Artemis Resources identifies three new gravity targets at Armada

Armada is a greenfields target alongside the company’s main portfolio in the West Pilbara.

Map showing Armada location
Recently Artemis outlined a 5,000-metre program at Carlow Castle

Artemis Resources Ltd (ASX:ARV) has defined three new gravity targets at its 100% owned Armada licence in the Paterson Range of Western Australia.

The three new targets, Bandi, Orion and Romulan are 4 kilometres from Greatland Gold PLC’s (LON:GGP) Havieron gold and copper discovery.

The recent gravity and airborne magnetic surveying have identified 11 new targets (8 magnetic and 3 gravity), which have been ranked in priority for follow-up exploration.

Priority 1 targets are Kazon, Ferengi, Bolian and Kzintil and priority 2 targets are Arcadian, Edosian, Ocampo and Vidiian.

READ: Artemis Resources outlines 5,000-metre program at Carlow Castle

Artemis’s executive director Ed Mead said: “The Artemis Board sees the Paterson Ranges as highly prospective and the Armada Prospect as a high value but green fields target.

“Artemis has defined 11 targets worthy of follow up and given a suitable partner, there is an exploration pathway forward, that includes further geophysics, geochemistry and drilling that could create significant value for Artemis shareholders.”
Follow-up exploration may include further ground surveying and drilling.

Quick facts: Artemis Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $23.98 m
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