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- On track to commence maiden drilling at Cassowary in Q3 2026
- Largest interpreted magnetic intrusion identified within the Madura province
- Measuring approximately four km in diameter, it is one of two priority drill targets
- Heritage survey now underway over proposed drill sites and access tracks
Artemis Resources (ASX:ARV) has taken a key step in its preparations to undertake a maiden drilling program at the large Cassowary target, within the Madura copper-gold project in WA.
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The heritage survey underway at Cassowary target is being undertaken to gain approval to drill one of Artemis’ priority targets.
The survey covers the proposed drill sites and access tracks for a planned first-pass program designed to test IOCG targets associated with the interpreted Cassowary intrusion.
Executive director, Matthew Greentree, said Cassowary is the largest interpreted magnetic intrusion Artemis has identified in the Madura province with a diameter of over four km.
“Cassowary is the first of two priority drill targets across our belt-scale Madura project and completing this milestone keeps us on track for maiden drilling in Q3 2026.
“With the first tranche of our recent $8 million capital raising now complete, the company is well funded to advance drilling at Cassowary and unlock the potential of what we believe is one of Australia’s most prospective underexplored copper-gold provinces.”
The planned maiden program comprises three drill holes designed to test potential IOCG mineralisation associated with the intrusive bodies.
Cassowary forms part of Artemis’ broader Madura copper-gold project, where the company controls more than 2,100 sq. km across more than 100 kilometres of strike along the Madura Crustal Boundary.
Sharon Dam represent the company’s other priority drill targets within this belt- scale position, with both prospects displaying geological and geophysical characteristics consistent with the potential to host IOCG style mineralisation.
“Cassowary stands out for the scale of its magnetic signature and its position along the Madura Crustal Boundary, a structural setting considered highly prospective for large-scale copper-gold systems,” Madura project manager, Julian Hanna,
Completion of the heritage survey will allow the company to finalise drill collar locations and design a first-pass drilling program to properly test this compelling target.
ARV is steady at 0.3¢. Mkt cap $48.80K.
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