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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.

Quick facts: Artemis Resources Ltd

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