Appears artemis has identified some high grade zones some grades up to 47g/t within larger intercept 8.5m averaging 5.80g/t Au, 970g/t Ag and 2% Cu as intersected in hole CD004. Drilling to start soon If ARV can produce a gold resource this could boost the company with ore potentially processed up the road 30km at Paulsens (Northern Star just aquired this plant and 60,000oz for $40m) (ie no need for big capex or mine construction - ARV are sitting on mining leases)
At market price of around 4c market cap is around $8m - there seems to bit of upside
Await gold drilling to start and some results
Artemis ASX release: High grade gold zones identified at Mt Clement 1) A number of steep � dipping, high grade zones have been identified from a reappraisal of historical drilling data 2) Exceptional values up to 1.5m wide include: 47.60g/t Au 2,497g/t Ag 4.10% Cu 3) These high grade zones provide additional drilling targets for drilling planned to commence in late July 2010
Artemis Resources (ASX: ARV) i has identified new, steep-dipping gold targets at Mt Clement hosting very high grade gold, silver and copper. High grade zones (47.60g/t Au, 2,497g/t Ag and 4.10% Cu) intersected in historical drilling occur within broader intervals of 8.5m averaging 5.80g/t Au, 970g/t Ag and 2% Cu as intersected in hole CD004.
ARV Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
