Artemis Resources Limited has announced plans to drill a super-deep +3,300m diamond drill hole on its Balmoral area, about 50km south of its Radio Hill Mine to test for base metals, cobalt, gold and diamonds.

In a release issued today, the Company said it is working through the necessary approvals required to commence drilling and drilling rigs are available in Western Australia capable of drilling holes to this depth.

Earlier investigations in the Balmoral tenement package, have indicated multiple diamondiferous dykes/pipes, such as Blacktop 1 and 24, which have come up from the lower mantle below the earth’s crust as well as other positive features.

The Company said that the site of the proposed drill hold is located ~20km north-east from the BlackTop Kimberlite discoveries, which were assessed by the DeBeers/Tawana Resources NL JV in 2006/7, recovering a total of 2,320 diamonds, weighing 163.89 carats were recovered from a bulk sampling programme of approximately 6,000 tonnes2 in 2006/7. The majority of the stones were white dodecahedrons, with the largest stone weighing 1.41 carats.

David Lenigas, Artemis’s Executive Chairman, commented, “This is a very exciting super-deep hole for Artemis and the drilling of this hole should help answer many questions surrounding the geology and rock sequences in the Pilbara Basin. The Pilbara Region of Western Australia is one of the most resource rich areas in Australia and there has been very little exploration at depth.”