Artemis Resources Limited plans to drill a super-deep +3,300m diamond drill hole (ASD-1) on its Balmoral area, about 50km south of its Radio Hill Mine. The drill site for ASD-1 will be finalised over the coming weeks and the hole will be drilled to test for base metals, cobalt, gold and diamonds.
The Company is working through the necessary approvals required to commence drilling and drilling rigs are available in Western Australia capable of drilling holes to this depth.
On the Balmoral tenement package, Artemis have multiple diamondiferous dykes/pipes, such as Blacktop 1 and 24, which have come up from the lower mantle below the earth’s crust, the presence of a significant magnetic high feature, crustal breaks interpreted to be faults and dykes, 31 VTEM anomalies for base metals and rock chip assays3 and geochemical anomalies showing the presence of Cobalt, Nickel, Copper, Zinc, Lead and gold4, at surface, proximal to the proposed ASD-1 site.
Regionally, within Artemis’s extensive tenement package, there are pervasive intrusions throughout the entire area such as Munni Munni, Radio Hill and Mt Sholl, with newly identified intrusions at Silica Hills and Purdy’s Reward, which confirms mineralisation associated with intrusions.