THE BOURSE WHISPERER: Artemis Resources has completed a review of the geological setting, geophysics and drilling data from its Yandal gold project, located in Western Australia.
The review was conducted by the company with the objective of locating targets with potential for over one million ounces of gold.
Artemis said, the review has enabled it to identify a number of new target areas that have not previously been tested, although the company did point out further support work needs to be carried out to fully establish their potential.
Artemis Yandal project, location plan. Source: Company announcement
The company based its modelling on Navigator resources’ Bronzewing and Newmont’s Jundee gold deposits and their geological settings.
“In order to test the validity of the Bronzewing model at Yandal, the company will carry out several IP (Induced Polarisation) traverses across the Lowlands prospect and also the main palaeodrainages and the nickel gossan area which will be completed in January 2012,” Artemis Resources executive director Guy Robertson said in the company’s announcement to the Australian Securities Exchange.
“This technique has been successful in identifying deeper seated large gold mineralised systems at various places including Bronzewing and Darlot.
“A comprehensive drilling program testing the various targets is planned for March 2012.”