Proactive Investors - Run By Investors For Investors

Artemis Resources identifies 8 new targets from airborne survey

The survey covered the western 47% of the 605-square kilometre Armada Prospect.
Location of Armada Project in WA
Armada is an exploration project separate from its main group of projects

Artemis Resources Ltd (ASX:ARV) has identified eight targets through an airborne magnetic survey conducted on its Armada Prospect in the East Pilbara region of Western Australia.

The targets are within 22 kilometres radius of Greatland Gold PLC’s (LON:GGP) Havieron Project, where Greatland intersected 275 metres at 4.77 g/t gold and 0.61% copper from 459 metres.

READ: Artemis Resources release another new JORC resource

Artemis’s executive director Ed Mead said: “The drilling results from Greatland Gold on their Havieron gold copper discovery near Telfer are quite extraordinary.

“The latest airborne survey undertaken by Artemis has now identified a large number of very prospective exploration targets surrounding Havieron, with the Kzinti Target as close as only 2.5 kilometres away and on the Greatland/Artemis tenement boundary.

“Artemis surrounds Havieron on three sides and right now we see this project as one of the most exciting in the company’s extensive Pilbara tenement portfolio.”

Follow-up gravity survey being planned

Further work interpreting the magnetic data is underway, and a gravity survey has been recommended to further assist with drill targeting and ranking of the targets.

Planning is underway for this gravity survey, which willl assist in defining the highest-ranking targets.

View full ARV profile View Profile

Artemis Resources Ltd Timeline

Related Articles

Cobalt symbol, Co
March 12 2019
Winmar is planning a London listing and intends to return to the ASX.
Project area
February 11 2019
Forecast life-of-mine gold production jumps to 289,000 ounces following a new resource estimate and mine design.
Bauxite on a ship
January 20 2019
The company will undertake a number of site preparation activities in the March quarter.
Copyright ©, 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