Drilling is underway at Artemis Resources Limited’s Paterson Central gold and copper project in the Paterson province, in Western Australia’s East Pilbara. The project surrounds on three sides the outstanding Havieron gold-copper discovery and mine development.
Artemis has begun a 7,500m to 10,000m drill programme across the Apollo and Atlas targets before the rigs move to the completely untested targets at Juno, Voyager, Enterprise East, Enterprise West and Vidiian.
This drilling programme is expected to continue through the remainder of the year, with Artemis scheduling regular updates on progress, assays and key findings.
The Paterson Central 2022 programme is budgeted to cost up to $3 million, depending on the final metres drilled. Artemis has ~$12 million in cash and listed investments.
Executive Director Alastair Clayton said with drilling now underway, the company is focussing on the additional value that exploration success at Paterson Central and their Greater Carlow project could bring to the company’s current market capitalisation.
“The company has had less than 14 weeks total drilling time at our Paterson Central project to date and has only managed to partially test a handful of the nine highest-priority targets. We now have a six-month ‘drilling window’ to finally, after several years of COVID-related personnel and rig issues as well as local climatic challenges, systematically complete the first phase exploration of our 605 square kilometre licence area.
“While awaiting a re-start, our Paterson Central team have been very busy over the past six months refining our targeting, establishing our base camp and – importantly – working on improved logistical and access solutions in conjunction with our local partners and stakeholders.