The Paterson Central Gold-Copper Project is a 100% owned 605km2 exploration licence surrounding and adjacent to Newcrest Mining (ASX: NCM) and Greatland Gold’s (LON: GGP) Tier 1 Havieron Copper-Gold discovery, ~ 480km east-southeast of Port Hedland and 45km east of Telfer in the Great Sandy Desert of Western Australia.
Located entirely within granted exploration licence E45/5276, Artemis Resources has been systematically drilling prospective geophysical targets interpreted to have geological similarities to Havieron.
Mineralised breccia containing copper and gold has been identified at the Apollo prospect during the 2022 exploration campaign with additional drilling and geophysics planned for the 2023 exploration season.
Land Holding Surrounding 6.5 Moz Au Eq2 Havieron Deposit
Exploration Tenement E45/5276
Planned Exploration Recommencement Date
Geology & Mineralisation
The Paterson Central Gold-Copper Project is located within the Yaneena Basin of the Paterson Province, which hosts large scale mineral deposits, such as the World class Telfer gold-copper mine, recently discovered Winu copper-gold deposit, Nifty copper mine, and the rapidly growing Havieron gold and copper deposit. The Company’s Paterson Central project surrounds and is adjacent to the Havieron gold – copper deposit on three sides and covers the same continuous geological domain.
The geology of the project area consists of Canning Basin sediments, primarily Permian siltstones, which overlie Proterozoic meta-sedimentary basement rocks which form the main host rocks to large mineral deposits in the region. The sedimentary cover is 300m thick in the western part of the project area and is interpreted to deepen to over 800m in the far east. The Havieron gold and copper deposit is associated with a strong magnetic anomaly and sits under about 450m of sedimentary cover. Mineralisation at Havieron extends over deep intervals to at least 600m below the base of sedimentary cover, where the mineralisation starts, and it continues to remain open at depth. The Company is exploring the Paterson Central Project for both Havieron and Telfer styles of gold and copper mineralisation.
Apollo Mineralised Breccia
Artemis Resources has identified a potentially significant ~1.5km north-west trending magnetic anomaly (Apollo prospect) that represents a splay fault that has been intruded by a dolerite intrusion. Large Intercepts (up to 90m) of pervasive veining and multi-phase crackle breccias have been encountered either side of the dolerite intrusion, often with significant amounts of pyrite, chalcopyrite and pyrrhotite. In places, the tenure of sulphides along with high temperature alteration including actinolite and biotite +/- carbonate in the hanging wall and albite and chlorite in the foot wall display similar tenure to the Havieron deposit 2km to the south.
Artemis is seeking a partner to advance the project, which may include JV, earn-in or outright sale.
CY 2023 EXPLORATION
Exploring will resume at the end of the wet season towards the end of the first half of 2023. Down Hole EM will be undertaken at Apollo to better target conductors, potentially related to mineralisation and drilling will extend outwards from Apollo to Juno and Voyager in the north and Enterprise to the south.