Preparing For Multi-Rig Campaign At Paterson Central
Artemis Resources Limited (ASX:ARV) has commenced its 2021 on-ground exploration activities at Carlow Castle and outlined detailed forward planning for a multi-rig programme at the Paterson Central Project in Western Australia.
The company told shareholders crews have mobilised for a 10,000m RC drill programme commencing January 6 to further grow the existing 1.2 km of strike length of the current mineralised footprint plus the mineralised extensions to the main zone both down dip and to the east as well as extend recently discovered mineralised lodes.
Meanwhile, a 1,000m of diamond drilling programme in the Eastern resource portion will support further definition of a structural model of mineralisation to be completed by CSA Global.
An extensive IP survey is being undertaken to define existing and new mineralised systems in the resource area and surrounding prospective geological corridor, seeking new discoveries at Carlow Castle.
In the meantime, the company expects further 2020 RC and diamond drill hole assay results to be available soon covering step out resource growth drilling, with further results from both the Northern Discovery Zone (~300m N of Carlow Castle resource) and the high-grade Feeder Zone discoveries.
Executive Director, Alastair Clayton, said detailed planning of all vehicular access requirements to undertake drilling at all seven priority targets is underway.
“We have hit the ground running in 2021 in what we expect to be a seminal year for the company,” Mr Clayton said.
“The Carlow Castle project is now in a full growth mode with new discovery zones identified in 2020 being followed up and the existing resource footprint growing in multiple directions. We are expecting additional assay results from the recently completed summer 2020 RC and diamond programmes soon in addition to the 11,000m of additional drilling that commences Wednesday.
“At our Paterson’s Central Project, where we await our first assays from selected core samples from our 2020 Nimitz drilling, we are already in the detailed planning phase of a far-reaching multi-rig 2021 drill programme. This involves establishing approved vehicular access to all of our seven priority target areas and planning for a substantial permanent exploration camp and logistics base to support our long-term ambitions in the area.
“With Newcrest Mining’s outstanding Havieron discovery in a construction phase and the project’s minority partner now boasting a multi-billion dollar market capitalisation it is clear to us that the leverage to exploration success at our adjacent 100% owned tenure is potentially quite extraordinary.
“We are confident 2021 will be the year we further demonstrate that the mineralising conditions that created Havieron are also present on our ground and of course on the back of this hopefully make a significant gold/copper discovery.”
