RE: New Artemis article - Havieron-centric, obviously4 Mar 2020 22:12
Informed by Havieron results
The company’s understanding of the mineralisation was reinforced by Newcrest also using Moodoo seismic line data in its December quarterly report.
Mead said: “While we initially didn’t have a view on the orientation of the fold structures, Newcrest has since released information showing where they think they’ve got access to the folds.
“They showed what’s going on with folding, hinge failure, hydrothermal fluid concentrations, so we have an idea of how the mineralisation flows.
“You could argue there are a lot of structural similarities to Telfer which bodes well for the fact that we are about two kilometres north along trend of Havieron.”
Next steps for exploration
The company has defined seven priority targets worthy of follow-up with further geophysics, geochemistry and drilling planned.
Mead said: “The next step is to do a mobile metal-ion geochemistry program which is exactly what Greatland did over Havieron.
“Partly because of location and ease of access, we’ll be looking to do that around our tenement boundary which surrounds Havieron.”
Artemis has always had an exploration strategy in place but has kept a close eye on its neighbours’ drilling activities.
Mead said: “The geochemistry technique we want to use can only be done in the dry months due to the sensitivity of the geochemistry.
“So, the summer period has given us time to sit back and have a look at what’s going on as Newcrest continues to drill.
“How Havieron develops could definitely feed in to how we decide to drill going forward.”
Well-placed amongst peers
Artemis believes the region is highly prospective and that the company could benefit from its neighbours’ existing infrastructure if it makes a significant gold discovery.
Mead said: “Newcrest has a 24 million tonne per annum mill that’s got about three years of mine life and they are desperate for ore feed – that’s why they’ve been going hard at Havieron.
“Once Newcrest define a resource (which they have stated will be by the end of this year) I expect that will be when they want to build out to feed the mill, and along the Havieron trend is where they will be focusing.”
The company will consider further drill results from Havieron to generate better target selection for its drilling program going forward.
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