- Write by:
-
Monday, September 17, 2018 - 8:52:01 AM
-
246 Visit
-
Print
Mining News Pro - Artemis Resources has announced that it had recovered a total of seven kilograms (or 225 ounces) of conglomerate gold nuggets from its exploration activities.
According to Mining News Pro - Artemis Resources has announced that it had recovered a total of seven kilograms (or 225 ounces) of conglomerate gold nuggets from its exploration activities.
All the nuggets were extracted from its Purdy’s Reward gold discoveries and 47K patch, which lies within the company’s Well West tenement package, south of Karratha in the Pilbara region of Western Australia.
Prior to Artemis’ 50:50 joint venture with Novo Resources in August last year, Artemis recovered just under one kilogram (or 32 ounces) of nuggets from Purdy’s Reward.
Artemis chief executive Wayne Bramwell said, “Exploration on our 47K target is focused upon understanding the structural controls and geology of the mineralising system.
“We are working closely with the CSIRO and a benefit of ground work here is that we continue to add to our stockpile of nuggets.”
Artemis and the CSIRO are currently completing a sub-audio magnetics geophysical survey over the 47K patch.
Bramwell added, “The interest from North American investors in conglomerate gold opportunities remains high, and as such, the company will be marketing in the US during September and evaluating options to enhance its over-the-counter listing there.”
The Artemis-Novo joint venture is managed by Novo’s subsidiary Karratha Gold, with Artemis contributing to further exploration and mining on a 50:50 basis.
Short Link:
https://www.miningnews.ir/En/News/264736
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...