Deep Drilling Program
Heritage surveying is scheduled to be carried out in August, and a proposal for access track and drill pad clearing has been submitted. A drilling contract has been signed, and similar deep drilling methods as carried out at Havieron will be applied by Artemis, which involves rotary mud drilling through the recent to Permian cover sediments, using sacrificial steel casing to keep the hole open, and then diamond coring into the Neoproterozoic basement rocks, with the potential for daughter holes to be wedged off of parent holes where geological and geochemical anomalism is intersected. A minimum depth of 800m has been planned for each of the 7 holes, with dip angles ranging between 65-80 degrees, and with different azimuth orientations designed to optimally test each target. Drill core will be marked up and logged at site, and then transported to the Company’s new purposed built core farm at the Radio Hill processing plant for cutting, sampling and storage.
It is anticipated that drilling will commence as soon as late August subject to access, heritage and logistical completion. Subject to local access and climatic conditions the Company is planning to complete all 7 deep holes and has allocated existing funds in treasury accordingly. Artemis hopes to complete this drilling as soon as practicable and ideally well before the start of the wet season, which typically arrives in late November –Early December.
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