So, 6 years to fund the PFS/BFS/DFS........

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GoldPirate

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15/03/19

09:16

Post #: 37769906
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Originally posted by kevkert: ↑

Good Summary

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BIG PICTURE: Artemis Resources advances Carlow Castle and Armada assets amid big finds by neighbours Greatland’s discovery of a 75-metre intersection grading 4.77 grams gold and 0.61% copper increased excitement about the Pilbara gold rush region that houses Armada and Havieron, the Paterson gold province. This week that excitement translated to a new joint venture partner for Greatland in the form of producer Newcrest Mining Limited (ASX:NCM) (FRA:NMA) (OTCMKTS:NCMGF) (OTCMKTS:NCMGY). Newcrest may farm into a majority stake of up to 70% in a joint venture that will house Havieron project. The larger company is to serve up an initial $US5 million investment then spend $US65 million over six years as it funds Havieron feasibility studies. Newcrest and Greatland’s JV will also house 11 other blocks held by Greatland, with Newcrest to have a right of first refusal over other blocks.BIG PICTURE: Greatland Gold’s US$65 million joint venture deal is the latest in an ongoing rush into the gold-bearing riches of Paterson Artemis gained tenure at the nearby Armada ground on February 14, 2019, when WA’s Department of Mines, Industry Regulation and Safety (DMIRS) granted it the Armada tenement, exploration licence EL 45/5276. At Armada, West Perth-based Artemis has the 1-kilometre long Kzinti target about 2.5 kilometres along strike from Havieron. Magnetic unit Kzinti’s length had been estimated in the magnetic survey undertaken earlier this year, in January 2019. The 605 square kilometre Armada project is about 40 kilometres east of the multi-million-ounce Telfer Gold-Copper mine. Today Artemis executive director Ed Mead highlighted the importance of Armada project to the company and the significance of Greatland’s nearby joint venture with Newcrest. Mead is a gold and base metals geologist of more than 20 years and said: “The deal signed by Greatland Gold on their Havieron gold copper discovery near Telfer, with Newcrest, is evidence of the potential and belief in this area.”

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So, 6 years to fund the PFS/BFS/DFS........

ARV Price at posting: 6.7¢ Sentiment: None Disclosure: Held
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So, 6 years to fund the PFS/BFS/DFS........

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