What’s the drill? Explorers Zenith, Artemis and Coziron are hunting for giants
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Artemis Resources (ASX:ARV) will test seven of its “highest priority targets” in the red-hot Paterson Province of WA.
A recent independent review of Artemis’ data came up with seven key target zones — Juno, Voyager, Enterprise East, Enterprise West, Nimitz, Atlas and Apollo — each to be tested by a single drill hole up to 800m deep.
“This [review] work has profoundly increased our belief that a gold discovery is possible within our project area, and as we own 100 per cent of our acreage, we believe a discovery could be transformational for Artemis and the wider Paterson Central area,” Artemis chairman Mark Potter says.
“The completion of this work is a major milestone for Artemis, and now we move toward the first drilling phase as and when all preparatory work has been completed.”
Initial holes will be drilled next to the late 2019 Top Camp discovery, which included a highlight intercept of 8m at 10 grams per tonne (g/t) gold from 135m.
Coziron says later drilling will move to the Bottom Camp prospect, where priority targets have also been identified.
Zenith Minerals (ASX:ZNC) is about to drill the ‘Snook’ copper prospect — part of the Develin Creek copper-zinc-gold project in Queensland — for the very first time.
Identified in May this year, Snook is a ~200m-long prospective volcanic hosted massive sulphide deposit (VMS) target.
VMS deposits are rich in base and precious metals like copper, zinc, lead, gold and silver. And because these deposits tend the ‘cluster’ together, VMS camps can often be mined for a very, very long time.
This ‘clustering’ effect is already evidenced by Zenith’s current resources for the Sulphide City, Scorpion and Window deposits, 30km north of Snook.
Zenith plans to drill Snook within the next one to three months, using a rig currently operating at the company’s Red Mountain gold project.