Artemis has begun drilling of its super-deep hole ASD-1 that at its full depth of 3300m will become the deepest diamond drill hole in Australia.
Artemis received exploration approvals to commence the drilling at the company’s recently secured Balmoral tenements in the Pilbara, Western Australia in March.
The Perth-based company will work with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) on the hole, which is located about 43km south of Artemis’s Radio Hill nickel-copper-cobalt site. The hole will be tested for base metals, cobalt, gold and diamonds
The cost of drilling ASD-1 to its full depth is estimated at $1.4 million, but this may vary depending on ground conditions and ultimate depth. CSIRO will use XRF (X-ray fluorescence) analysis to study the hole’s key target horizons and overall stratigraphy, with ASD-1 being one of the first major projects to make use of the organisation’s Drill Core Lab facility in Perth.
Artemis will continue to offer regular updates on the progress of the hole, with public releases scheduled for release every Monday at around 11am AEST during the drilling period.
The West Australian Government has provided $200,000 through its Exploration Incentive Scheme, while $50,000 will be supplied for CSIRO’s research by the Australian Federal Government.