Pilbara rich with gold-cobalt targets: Artemis

AFTER more than a century of mining no one understands the source of the Witwatersrand conglomerate gold, and Artemis chairman David Lenigas told MNN it was not shocking that the emerging Pilbara play is little understood, but he wants to unlock it as quickly as possible.

Pilbara rich with gold-cobalt targets: Artemis Pilbara rich with gold-cobalt targets: Artemis Pilbara rich with gold-cobalt targets: Artemis Pilbara rich with gold-cobalt targets: Artemis Pilbara rich with gold-cobalt targets: Artemis

Artemis yesterday announced a A$1 million roll of the dice to drill a 3300m-deep test on its 100% owned ground at Balmoral – to be one of the deepest holes ever drilled in Australia – because it wants to bring as much science to bear as in order to understand not only the source of the gold and the stratigraphy of what is increasingly seen as a large Witwatersrand style sedimentary basin.

But the Pilbara is not just a story of iron ore and gold. 

The potential for base metals and diamonds that has been highlighted by its secret weapon: the De Beers database.

Lenigas said the market was unaware than when Artemis picked up the Radio Hill assets from the collapsed Fox Resources it also secured the near-mythical geological treasure trove put together by De Beers in deca...