Image courtesy of Artemis Resources Limited.
Artemis Resources Limited and its wholly-owned subsidiary Armada Mining Pty have executed a Land Access and Mineral Exploration Agreement with the Western Desert Lands Aboriginal Corporation (Jamukurnu-Yapalikunu) (WDLAC) relating to Exploration Licence E45-5276.
The Paterson Central Project covers 605 square kilometres and is located in the Yaneena Basin of the Paterson Province, which hosts large scale mineral deposits, such as the world-class Telfer Gold-Copper Mine, recently discovered Winu copper-gold deposit, Nifty Copper Mine, and the rapidly growing Havieron gold and copper deposit.
The project forms a part of Artemis’ 100 per cent owned exploration tenement, E45-5276, which surrounds the Havieron gold deposit on three sides, and covers the same continuous geological domain.
The geology of the project area consists of Canning Basin sediments, primarily Permian siltstones in this part of the basin, which overlie Proterozoic meta-sedimentary basement rocks which form the main host rocks to large mineral deposits in the region.
According to Artemis, the sedimentary cover is 300 metres thick in the western part of the project area and is interpreted to deepen to over 800 metres in the far east.
On Monday Artemis’ Non-Executive Chairman, Mark Potter, said: “I am delighted to report that we have concluded a Land Access and Mineral Exploration Agreement with WDLAC, the trustee for the Martu people who are the traditional owners of the lands that include the Paterson Central Project licence areas.”
“This is an important milestone in building a strong working relationship with WDLAC and the Martu people and reflects our commitment to making a positive economic and social contribution to the communities in which we operate,” he said.