Blue sky north of 10 cents will eventually be reached, but buyout may occur first. The very deep seated targets that are likely an extension of the deposits Newcrest is currently drilling will require very deep pockets. There is near term exploitation at Carlow Castle that will occur much earlier. Newcrest is doing the heavy lifting at Havieron and Telfer in the Paterson Provence that may be the speculative driver of PPS for years to come. Artemis has several high priority targets immediately north of the Havieron gold-copper discovery. Very amazing
Gold: Newcrest now has 6 drill rigs turning at the enormous Havieron gold-copper project
Newcrest and AIM-listed partner Greatland Gold kicked off drilling during the June 2019 quarter. By mid-December it had increased drilling activity to six rigs at once.
This drilling continues to expand the high-grade gold-copper mineralization, which is now over 450m long, up to 150m wide, and in excess of 600m in vertical extent.
Mineralization remains open to the north west and at depth.
Gold: Drilling at Newcrest’s mammoth Haverion discovery is getting super close to Artemis’ project boundary
Artemis Resources focusing on building gold ounces at Greater Carlow and drilling at Paterson Central
Artemis Resources Ltd (ASX:ARV) (FRA:ATY) main priorities for the remainder of 2020 are to build resource ounces at the Greater Carlow Gold Project and drilling at Paterson Central in the highly sought-after Paterson Range.
At Greater Carlow, the company aims to delineate in excess of 1 million ounces that are capable of feeding the Radio Hill Plant
In a June update presentation to investors, Artemis outlined its key objectives for Greater Carlow in the West Pilbara as well as Paterson Central in the East Pilbara region of Western Australia.
Artemis is pushing towards a resource update at Greater Carlow, primarily from the Carlow Castle deposit, once the next round of extensional drilling has been completed.
… In sought-after region
At Paterson Central, on the edge of the Great Sandy Desert and stretching from the East Pilbara to the southern Kimberley, the company is the only junior mining company that retains a 100% interest in its tenure.
This unexplored remote area has become one of the world’s most sought-after exploration provinces following the success by Rio Tinto Ltd (ASX:RIO) and Greatland Gold PLC (LON:GGP).
The only ‘significant’ operation in the region is Newcrest Mining’s (ASX:NCM) Telfer Mine, which has produced more than 12 million ounces of gold and copper since 1975.
Artemis Resources testing targets at Paterson Central near Havieron gold-copper discovery
The company believes the project, which adjoins the Havieron discovery and is only 40 kilometres from the Telfer gold-copper mine, is highly prospective.
… Paterson Central covers 605 square kilometres and is around 40 kilometres east of Newcrest Mining Limited’s (ASX:NCM) multi-million-ounce Telfer Gold-Copper Mine and also adjoins that company’s Havieron JV project, which was discovered by Greatland Gold PLC (LON:GGP).
Based on magnetic and gravity survey results, Artemis has identified 13 targets with the priority for the geochemistry on seven which surround Havieron.
“A rare opportunity”
Artemis executive director Alastair Clayton said: “Our 100%-owned Paterson Central Project in Western Australia’s East Pilbara is a rare opportunity to explore virgin ground surrounding and proximal to Havieron, which some analysts are already labelling a Tier-1 gold-copper discovery.
“Artemis is pursuing this highly prospective greenfields opportunity on a 100% basis to provide shareholders maximum leverage to exploration success."
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