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Artemis records 30% rise in sulfide resources at Whundo copper mine

Artemis Resources Ltd. said Oct. 10 that resources at the Whundo mine in Western Australia rose 30% to 30,266 tonnes of copper and 30,289 tonnes of zinc contained in 2.6 million tonnes grading 1.14% copper and 1.14% zinc in the indicated category.

The update compares to a 2012 resource estimate by Fox Resources.

The estimate comprised an oxide resource of 390,000 tonnes grading 1.75% copper and 0.47% zinc and a fresh resource of 2.3 million tonnes grading 1.04% copper and 1.26% zinc.

Data from 64 reverse circulation drillholes and seven diamond drillholes for 5,490 meters of drilling was incorporated in the updated resource estimate, which was then merged with older data.

The Whundo mine, which has been on care and maintenance since 2008 due to low copper-zinc prices, is seen as a strategic asset located near Artemis' Radio Hill processing plant. Artemis is evaluating the integration of solvent extraction-electrowinning processing at Radio Hill.