sleeping giant, page-36

Hi All,

Been reading ARV's latest quarterly report today. Besides the Mt Clements action taking place ( 6 holes near 3 bullseye targets), theres also the Bamboo Creek Project area which is along strike of, and between the recent Banded Iron Formations (BIF) identified by Moly Mines Limited and the Giralia/Haoma joint venture. Moly Mines has recently announced a maiden resource of 7.3Mt @ 59% Fe. Intercepts of up to 79m @ 66% Fe have been reported by Moly Mines. Artemis has undertaken a gravity survey to define possible hematite areas. The gravity survey is currently being processed and interpreted. A ground magnetic survey has also been completed as part of a sub-audio-magnetic (SAM) survey which was completed over the project area looking for high channel frequency anomalism. SAM has the ability to indicate areas of potential mineralisation. This data is also currently being processed and will be released once the final results and interpretation are completed.
Bamboo Creek project location map Artemis will combine the results of the ground magnetics, gravity and sub-audio-magnetics to refine areas for surface sampling, mapping and general reconnaissance. The aim of the work is to aid in the fast delineation of potential drill targets. Further field work is scheduled to be undertaken after final results and interpretations are completed of recent geophysical surveys. Previous sampling over the tenement identified numerous copper, gold and molybdenum prospective areas. No sampling for hematite or magnetite mineralisation styles was undertaken which is to the north of all current sampling. Appreciable amounts of gold and molybdenum have been located just outside and along strike of the project area. The Spinifex Ridge Molybdenum-copper deposit to the west is considered to be one of the largest undeveloped molybdenum deposits in the world. The Bamboo Creek Mining Centre to the east used to be one the highest gold producers in the Pilbara region of Western Australia.

Seems very interesting with work also soon no doubt to commence on its uranium project in Niger.
DYOR