Australia’s Artemis Resources Limited (ASX: ARV) and Canada’s Novo Resources Corp.
(TSX-V: NVO) have received approval to extract a 20,000 bulk sample from the Purdy’s Reward tenement in Western Australia’s Pilbara Region.
The companies said the WA Department of Mines, Industry Regulation and Safety (DMIRS) has granted the excess tonnage permit for the extraction of a bulk sample which will be used for testing purposes.
The Purdy’s Reward tenement is considered a key tenement within the farm-in and joint venture between Novo an Artemis and part of Novo’s greater Karratha gold project.
Artemis’ Executive Chairman, David Lenigas said his company had fortuitously applied for this 20,000 tonne bulk sample extraction permit before a JV deal was finally negotiated with Novo.
The ability to now take bulk samples of this size is potentially very important for the Novo/Artemis exploration efforts determining the actual recovered grades of this nugget gold bearing conglomerate at Purdy’s Reward,” Mr Lenigas said.
Novo said that given the nuggety nature of gold mineralization at Karratha, it also considers bulk sampling the best practical means of evaluating grade and potential viability of the deposit.
The company said that given what it has been learned from recent trenches, it envisions collection of bulk material from multiple sites and positions within the conglomerate package at Purdy’s Reward to provide the greatest understanding of this unusual gold system.
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Drilling
Novo also provided an update on its drilling campaign at Karratha where 60 diamond core holes have been completed in a northeast-trending corridor approximately 1,000 m long and 100-400 m wide.
Novo said the diamond drill holes indicate strong continuity of the targeted conglomerate package).
Geological logging of all backlogged core holes is ongoing and expected to be completed by approximately mid-December at which point data will be collated with trench data and used to generate a 3D model of the conglomerate package.
