Artemis Resources Limited (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update on drilling at its 100%-owned Paterson Central Gold and Copper Project in the Paterson Province region of Western Australia.
A diamond drill rig is on the Atlas target at Paterson Central, which surrounds the world-class Havieron gold-copper discovery under development by Newcrest and Greatland Gold.
Following completion of the first hole at Atlas (target depth ~800m), Artemis intends to test the Apollo target trend just to the south with multiple holes to similar depths.
Both Atlas and Apollo sit just to the north of Havieron. A second diamond drill rig has been contracted to accelerate drilling activities through November and December.
Artemis Resources executive director Alastair Clayton commented:
“We are delighted to be drilling some of our highest-priority targets at our 100%-owned Paterson Central Project that surrounds on three sides and is adjacent to the world-class Havieron gold and copper project that is under development.
“Once initial drilling at Atlas has been completed, the rig will move to the Apollo prospect which has easier access and allows for extended drilling activities as the local wet season approaches.
“Pleasingly, with heritage clearances, permissions, access tracks and numerous pads and sumps now installed, we are in a position to significantly expedite and expand our exploration efforts into 2022, post-wet season.
“Artemis has chosen to retain 100% ownership of its Paterson Central tenure and, as a result, I believe shareholders’ leverage to exploration success is extraordinary. We will periodically update shareholders on progress and any material geological findings.”
