Curated News
By: NewsRamp Editorial Staff
April 09, 2024
Artemis Resources to Expand Exploration at Karratha Gold Precinct on Buoyant Gold Price
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- Artemis Resources plans to expand exploration at Karratha Gold Precinct in Western Australia, aiming to uncover additional prospects and capitalize on promising gold grades.
- Artemis Resources will commence drilling in the third quarter of 2024, following heritage clearances, with preparatory activities such as rock chips and soil sampling underway.
- Artemis Resources' exploration efforts at the Karratha Gold Precinct have the potential to contribute to the future supply of gold, supporting economic growth and technological advancement.
- Artemis Resources is excited about prospects at Lulu Creek, supported by a government grant for co-funded drilling, revealing promising initial drilling results with gold grades of 4.89 grammes per tonne.
Impact - Why it Matters
The news of Artemis Resources' expansion of exploration at the Karratha Gold Precinct is important as it highlights the company's significant gold resources and promising exploration prospects. This development in Western Australia has the potential to impact the gold market and future metal exploration, reflecting the company's dual focus on base metals and future-facing metals.
Summary
Artemis Resources Ltd executive director George Ventouras discusses the company's exploration plans at the Karratha Gold Precinct in Western Australia. Ventouras highlights the significant size and promising grades of the Carlow Project, with a resource of over 700,000 ounces of gold equivalent. The company is allocating part of its exploration budget towards both the Carlow project and the wider tenement package to uncover additional prospects, including the Lulu Creek area, supported by a government grant for co-funded drilling. Drilling is expected to commence in the third quarter of 2024, with preparatory activities underway, and the company continues exploration in other areas, including lithium prospects.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Artemis Resources to Expand Exploration at Karratha Gold Precinct on Buoyant Gold Price
