Artemis Resources has received approvals to explore tenements covering a site where it plans to drill a 3300m super-deep hole in Western Australia’s Pilbara region.
The Perth-based company has secured an exploration licence and finalised Native Title agreements for the 599-square-kilometre Balmoral tenement package.
Artemis will work with the CSIRO on the proposed drill hole, which will be executed within the tenements about 50km from the company’s Radio Hill operation.
According to Artemis, CSIRO will focus on characterising the drill core from the deep hole through the Pilbara stratigraphy, while testing for base metals, cobalt, gold and diamonds.
It will be the first project to take advantage of CSIRO’s drill core lab facility in Perth, Artemis added, with the proposed research to examine the stratigraphy of the drill core using XRF-based chemistry and to include studies on key targets.
Artemis chairman David Lenigas said the company was pleased to secure approval of the tenements so quickly.
“Work is now under way to get the programme of works approvals in place to drill this exciting super-deep diamond drill hole, designed to test for base metals, cobalt, gold and diamonds and also drill into the Pilbara Basin,” Lenigas said.
Artemis plans to apply for a co-funded exploration drilling program through the WA Government’s Exploration Incentive Scheme (EIS) to undertake the project.