Proactive Investors - Run By Investors For Investors

Artemis Resources release another new JORC resource

This new JORC resource follows the recent gold resource released for Weerianna.
map of projects
This is one of many emerging resources that could be processed through the Radio Hill facility

Artemis Resources Ltd (ASX:ARV) has revealed a new, shallow nickel-copper-cobalt JORC resource estimate for its 100% owned Radio Hill Nickel Mine in the Pilbara region of Western Australia.

The resource is in the Indicated category and measures 1.15 million tonnes at 0.52% nickel, 0.73% copper and 277 ppm cobalt.

Radio Hill is on a fully approved mining lease and contains Artemis’ 100% owned Radio Hill Processing Plant and the historical Radio Hill underground mine.

The shallow, upper portion of Radio Hill could represent an opportunistic mining target within close proximity to the Radio Hill infrastructure.

READ: Artemis Resources boosts gold resource at Weerianna

Artemis’ executive director Ed Mead said: “This updip extension to the historic Radio Hill underground represents a new, shallow nickel – copper resource approximately 400 metres from the Radio Hill plant.

“Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

In 2018 Artemis drilled the shallow mineralisation up-dip from the Fox underground workings on a regular grid.

This included another 80 reverse circulation (RC) holes and 7 diamond holes for 6,779.5 metres.

Drilling aimed to verify older drilling which comprised 1,052 holes for 89,885 metres.

View full ARV profile View Profile

Artemis Resources Ltd Timeline

Related Articles

1538719481_shutterstock_145281661.jpg
October 05 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.
Mining operations
January 22 2019
Pantoro ended the December 2018 quarter with $20.8 million in cash and gold. The company remains debt free.
Gold mine
November 19 2018
Gold had been intersected in all but one hole over a 12 hole drilling programme, with highlights including 25.9 g/t of Gold at 1-metre depth and 10.04 g/t of Gold at 3m depth
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use