The funds will be used for defining drill targets at the Patersons Central Gold-Copper Project and for increasing the gold and copper resources at Carlow Castle.
A geochemical program to generate drill targets has been planned at Patersons Central, which notably surrounds the Havieron discovery.
Resource expansion drilling planned at Carlow Castle
At Carlow Castle, a drilling plan has been finalised that will focus on increasing the JORC resource with down-dip and along-strike drilling.
Carlow Castle’s inferred JORC resource is 418,000 ounces gold grading 1.6 g/t, 48,000 tonnes copper grading 0.51% and 7,000 tonnes cobalt grading 0.08%.
Artemis aims to establish JORC resources that can support a profitable mining operation utilising its 100% owned Radio Hill processing facility.