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

A drill rig
January 16 2019
Sophisticated investors have served up $15 million for the drilling effort.
drill rig
March 07 2019
The company is now chaired by Dubai royal, His Highness Sheikh Maktoum Hasher al Maktoum, a Commercial Bank of Dubai board member.
Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
February 21 2019
A Creasy team will move to Rockford next as exploration resumes.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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