Artemis Resources Limited (ASX: ARV) – $0.002

31 Jan 2017

Artemis Resources Limited (ASX: ARV) has placed an order for a 150 tonne per hour trial gold recovery plant for its Nickol River Gold Project located approximately 12km from Karratha in Western Australia (Figure 1).


ARV Nickol Au

Figure 1. Location of the Nickol River Gold Project



The gravity plant is expected to arrive on site in approximately eight weeks and will become operational shortly thereafter.


The Nickol River deposit is highly weathered and free-dig from surface to depths of between 2.0 to 6.0 metres that would potentially be suitable to bulk scale mining and processing using a modern gravity plant for gold recoveries.


Previous trial mining at Nickol River during 1984 and 1985 comprised of a 10 tonne per hour plant that tested 600 tonnes of surface material yielding a grade of 0.33g/t gold and a 40 tonne per hour pilot plant that processed 42,500 tonnes of surface material with a grade of 0.15g/t gold respectively.


The company has a total of approximately 1,500 hectares of approved and pending licences in the Nickol River area.



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