Artemis Resources Limited has provided the following update by Novo Resources Corp. on the Purdy’s Reward Conglomerate Gold Project. Novo is the manager of this project under the 50/50 Artemis – Novo Joint Venture arrangements. Purdy’s Reward is located south of Karratha in the Western Pilbara Region of Western Australia.
Figure 1 – Plan map showing geology of Comet Well to Purdy’s Reward
HIGHLIGHTS
- Ground disturbing exploration has restarted at Purdy’s Reward.
- Diamond drilling is underway and is aimed at further defining the prospective conglomerate gold unit along strike and down dip.
- Large area clearing for mapping (like that seen at Comet Well) to be undertaken, followed by bulk samples.
- Structural interpretation has identified faults which are formed during mineralisation.
Artemis’ Executive Director, Edward Mead, commented:
“We are pleased to see the resumption of exploration activities at Purdy’s Reward. The geological and structural understanding of the Comet Well to Purdy’s Reward Conglomerate gold trend has significantly advanced since exploration started. With bulk sampling techniques streamlined by Novo over the past months at Comet Well, Artemislooksforward to improved turn around times for assays from Purdy’s Reward.”
The relevant parts of the Novo news release (including figures) published on 16 August 2018 are shown below, with the addition of the JORC ‘Table 1’ appended to this release to comply with ASX requirements. Novo’s release can be read in full on its website. Artemis does not have an interest in the Comet Well tenement.
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