Novo and Artemis post high-grade results at Purdy’s Reward JV in Pilbara

Watermelon-seed style nugget from Novo's adjacent Comet Well prospect. Image: Novo Resources

Artemis Resources and Novo Resources have achieved positive results from their Purdy’s Reward joint venture in Karratha, Western Australia.

Gold bulk sampling returns showed strong results, with concentrates from all samples yielding multiple “melon seed”-style nuggets.

Novo posted levels as high as 10.6–87.8 grams a tonne (g/t) of gold from basal conglomerate samples and 4.1g/t gold from dolerite samples (samples hosted beneath the conglomerate level), a development Artemis executive director Ed Mead cited as “extremely interesting”.

The results were returned to British Columbia-based Novo, the manager of the project, from samples collected late last year. While the results are positive, the company stressed that the approximate bulk sample size from this batch, around 300kg per sample, was not sufficient to properly evaluate the extent of the project’s gold system.

Current bulk samples are much bigger at around six tonnes per sample, and results from these are expected soon.

“Last year, we cut our teeth on this unusual gold deposit and gained valuable knowledge in the process,” said Novo president and chairman Quinton Hennigh.

“The erratic spread in gold grades seen from early small volume bulk samples of circa 300kg bulk of footwall dolerite and upper conglomerates from Purdy’s Reward confirms the nuggety nature of mineralisation.

“Five-to-15 tonne bulk samples are clearly necessary to get a better handle on gold grades, and we are now in a position to collect these having recently secured a test plant at SGS [Minerals] capable of processing such large volumes of material.”

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.