The JORC-compliant Inferred resource measures 975,000 tonnes grading 2.0 g/t gold for 62,739 ounces of contained gold.
Notably, Weerianna is on a granted mining lease and is located 35 kilometres by road to the Radio Hill processing plant where a new gravity gold circuit has recently been installed.
Artemis’ CEO Wayne Bramwell said: “Artemis has drilled 37,000 metres across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure.
“Weerianna has only been drilled to an average depth of 69 metres and as a shallow, quartz vein style gold resource may have the potential to increase in scale with deeper drilling.”
Further exploration at Weerianna will be ranked, reviewed and prioritised in 2019.
Shallow trenching at Weerianna Project
JORC resource a result of recent drilling
Artemis undertook a reverse circulation (RC) drilling program in 2018 comprising 19 drill holes for a total of 1,644 metres.
Drilling tested for extensions to previously interpreted locations for mineralisation and to provide confirmation of previous results.
The JORC estimate was compiled using these results and historical drill results.