ARV started off very strong and confident in Munni Munni with core samples being shipped off to RH to be analyised
Thought over the hotter months they would have gone through these samples ?? all cleared to work ....in place ....Low cost so MMMMmmm
The Company has already identified a total of 2,218m of previously drilled
Fortescue Group sediments in diamond core stored at Munni Munni, that
is currently in the process of being relocated to Artemis’s nearby Radio Hill operations base. Accelerated exploration at Munni Munni is entirely possible as the project has the considerable advantage of sitting within 33.5 km2 of approved
Mining Leases and 42.5 km 2 of approved Exploration
Licences, all with heritage agreements in place, approved heritage surveys in place and approved
Programme of Works in place with the
Department of Mines Industry Regulation and Safety (DMIRS)
.
There has previously been a grand total of over 85,000m of drilling done (diamond core and RC) at Munni Munni, and the Company has commenced a complete review of the extensive diamond core and RC drill chips that are available on site at
the Munni Munni core yard
.
Artemis has already identified at least 7 diamond drillholes which were cored from near surface though the Fortescue sequence to the Munni Munni Intrusive
Complex. The material intersected in the holes was previously logged simply a Fortescue Group sediments and very little historic work was done on assessing its gold potential.
A substantial amount of data should also be retrievable from reverse circulation (RC) chip trays
.
The Company has identified that approximately 12,437m of RC drilling has been
drilled through the Fortescue sequence.
The Company has started to re-map and sample the prospective unconformity contact zone between
the Fortescue/Mt Roe Basalt and the underlying Pilbara Supergroup basement.
Munni Munni is the largest un-mined primary PGE resource in Australia. We have a JORC 2004 compliant resource of 24 Mt @ 2.9 g/t Platinum Group Element (PGE) + gold (1.4Mt Inferred, 9.8Mt indicated and 12.4Mt Measured).
This is: 1.14Moz palladium, 0.83Moz platinum, 152Koz gold and 76Koz rhodium.
As of 28 December 2017, the commodity prices are:
Palladium: $1,351 AUD / oz (Perth Mint - Bid)
Platinum: $1,173 AUD / oz (Perth Mint - Bid)
Gold: $1,653 AUD / oz (Perth Mint - Bid)
Rhodium: $1,715 USD / oz (~$2,201 AUD / oz) (London Metals Exchange, with 0.78 USD/AUD rate)
Copper: $7,140 USD / tonne (~$9,165 AUD / oz) (London Metals Exchange, with 0.78 USD/AUD rate)
Nickel: $11,840 USD / tonne (~$15,198 AUD / oz) (London Metals Exchange, with 0.78 USD/AUD rate)
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