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Artemis Resources Ltd.
Summary
| Project: | West Pilbara | |
|---|---|---|
| Deposit: | Whundo | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Palladium-Nickel-Iron-Platinum-Zinc | |
| Date: | 5/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2017: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Whundo deposit at the West Pilbara project. Drilling results incl. 13m @ 3.03% Cu from 5m. Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Allan Younger (Indigo Geochemistry Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV) is pleased to announce that an initial drilling program has been completed to confirm historical oxide copper intersections around the Whundo and Whundo West open pits. These form part of the tenure purchased in the Acquisition of the Fox Radio Hill assets near Karratha in Western Australia (Figure 1). A total of 20 angled (dip -60 degress) drill holes (Figure 2) have been drilled for 600 metres. Six drill holes were designed to specifically test previous intersections of oxide copper mineralisation. All previous drilling was vertical and the new drilling was aimed at confiming grades and structural interpretation. The remaining holes were to explore several interpreted copper ore positions where continuations of the oxide mineralisation may occur. Mineralisation intercepts are listed in Table 1. Table 2 lists all drill hole information. The Company is extremely pleased with progress to date and we look forward to the next set of assays being reported by ALS Global. David Lenigas, Artemis’s Chairman, commented; “We have now confirmed the presence of significant widths of high grade copper zones at shallow depths at the Whundo Copper Mine, which is located only 15 km from the Radio Hill Plant. The Company’s plan is to expand the available oxide tonnages at Whundo to either increase the ore supply deal to the Whim Creek SX-EW plant or look at establishing an on site oxide treatment operation at Radio Hill itself.” | |
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