Drilling of Artemis Resources (ASX: ARV) super-deep diamond drill hole is progressing with the diversified minerals explorer recently hitting a depth of around 600 metres at the hole.
The +3.3km “super-deep” diamond drill hole (ASD-1) – which has a price tag of around A$1.4 million – is designed to test rock sequences in the Pilbara Basin from surface and deep into the basement’s geology.
DDH1 Drilling have completed mobilising all their equipment to site and have now commenced 24-hour diamond drilling operations.
The company said current drilling rate had reduced to 20m/shift from 40m/shift and is expected to increase again, as at 500m the core size was reduced from PQ to HQ.
The drill core from the hole is being moved from the drill site to Artemis’s Radio Hill Operations, located some 43 km to the north, where core is being logged and photographed.
The round trip to move core is taking some 7 hours as care is being taken to not damage the core while in transit on unsealed roads.
This is delaying the logging and reporting of lithology to coincide with depth reporting on Tuesday mornings.
The whole core will then be sent to the GSWA’s Perth Core Library for analysis. ASD-1 is located some 43km south of Artemis’ Radio Hill Mine in the West Pilbara, of Western Australia.
Artemis was trading at 17.5c this morning.