7th Jul 2022 19:33
Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Australia - Commences 7,500 to 10,000 metre drill programme on the Paterson Central gold and copper project in Australia, starting across the Apollo and Atlas targets, then moving to untested targets at Juno, Enterprise East and Enterprise West.
Drilling programme is expected to continue throughout the rest of the year, and is budgeted to cost between AUD2.5 million to AUD3.0 million.
"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/rig issues as well as local climatic challenges, systematically complete the first phase exploration of our 605 square kilometres licence area," said Executive Director Alastair Clayton.
Current stock price: 1.63 pence
12-month change: down 57%
By Dayo Laniyan; [email protected]
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