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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Weerianna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-3-2018: Artemis Resources Ltd. announces a Optimisation Study report for its Weerianna deposit at the Carlow Castle project. Positive pit optimisation for processing at a rate of 50000 tonnes per month at Weerianna. Artemis Resources Limited (“Artemis” | |
| Resources: | (Resource, Inf.): 1Mt @ 2.2g/t Au for 70Koz Au | |
| CP/QP: | [Overall Report]: Allan Younger (Indigo Geochemistry Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) advisesthat it has received positive resultsfrom pit optimisations of its Weerianna Gold Project’s Mineral Resource. The optimisation was done to potentially prioritise initial plant feed of Artemis’ Radio Hill Processing Plant at the rate of 50,000 tonnes per month for the first few months after its re-commissioning scheduled for June 2018. The Weerianna Gold Project (Figure 2) is located about 35 km north-east of Artemis’ Radio Hill Plant site. David Lenigas, Artemis’s Executive Chairman, commented; “As announced last week, Artemis is reviewing all of its projects in the Karratha area to prioritise potential plant feed for the Radio Hill Plant in readiness for its recommissioning scheduled for June this year. Current plans are to kick-off with a gold only strategy to commission the plant’s new gold circuit for a number of months. Weerianna, Silica Hills and the gold bearing conglomerates in the area are all currently being assessed. These results from Weerianna are positive and now allows us to move forward with seeking approvals from the authorities to have Weerianna ready for mining by the end of June. | |
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