- Artemis Resources (ARV) has completed reverse circulation (RC) drilling at Carlow West in Western Australia’s Pilbara region
- 126 holes were drilled at Carlow West to test beyond the base of weathering to target representative basement geology
- Additionally, drilling has also been completed at the newly identified, high-priority SingSix area
- Artemis has also announced that it has been served a writ of summons by the Supreme Court of Western Australia, filed by Platina Resources (PGM)
- Platina is Artemis’ joint venture partner at the Munni Munni Project in Western Australia and owns 30 per cent while Artemis holds the remaining 70 per cent
- Platina claims that Artemis and its subsidiary, Munni Munni, have breached the heads of agreement by entering an agreement with Empire Metals in April
- Company shares are steady on the market this morning and have been trading for 8.1 cents each since July 17
Artemis Resources (ARV) has completed reverse circulation (RC) drilling at Carlow West in Western Australia’s Pilbara region.
126 holes, for 3694 metres, were drilled at Carlow West to test beyond the base of weathering to target representative basement geology.
The company primarily intersected felsic intrusive rocks which demonstrated to high levels of alteration.
Additionally, drilling has also been completed at the newly identified, high-priority SingSix area.
14 holes were drilled, totalling 376 metres, and broad zones of significant shearing and alteration zones were intersected in multiple holes.
Samples from both Carlow West and SingSix have been sent to ALS laboratory in Perth for analysis and results are expected in three weeks.
Artemis has also announced that it has been served a writ of summons issued by the Supreme Court of Western Australia and filed by Platina Resources (PGM).
Platina is Artemis’ joint venture partner at the Munni Munni Project in Western Australia and owns 30 per cent while Artemis holds the remaining 70 per cent.
Platina claims that Artemis and its subsidiary, Munni Munni, have breached a heads of agreement by entering an agreement with Empire Metals in April.
Artemis says it will defend its position and explore all options relating to this claim.
Company shares are steady on the market this morning and have been trading for 8.1 cents each since July 17.