Minerals explorer Artemis Resources (ASX:ARV) will push ahead with its “super-deep” exploration drilling after receiving the tick of approval from the WA government over the site for its 3,300 metre drill hole, one of the deepest holes ever drilled in Western Australia.
The company has been granted an Exploration Licence over a newly granted tenement package, located 50km south of its Radio Hill processing plant, in the Karratha region.
Artemis intends to conduct a diamond drilling program at the site, testing for base metals, cobalt, gold and diamonds.
We are pleased to get these 599km2 tenements granted so quickly and work is now underway to get the Programme of Works approvals in place to drill this exciting super-deep diamond drill hole,” Artemis Resources executive chairman David Lenigas said.
The company reported that the Program of Works has been submitted for approval and drilling will to commence as soon as approval is received.
Artemis will be partnering with the CSIRO to analyse the drill core, with the organisation applying the latest geochemical and geophysical methods, which will help better understand the deep ore body.
This will be the first major project to take advantage of the CSIRO’s Drill Core Lab facility in Perth.
The diamond drilling will occur in an area which has previously been explored by Fox Resources (ASX:FXR). Fox completed a VTEM survey that resulted in the discovery of six base metal clusters and 31 prospective targets.
The addition of the new tenements adds to Artemis Resources’ suite of Pilbara projects, with the company seeking to explore the regions surrounding its fully-permitted processing plant at Radio Hill, south of Karratha.
Shares in Artemis Resources opened trading today at 20 cents per-share.