Artemis Resources Limited (‘Artemis’ or the ‘Company’) (ASX/AIM: ARV) is pleased to provide an update on further exploration undertaken on the 100% owned Karratha Gold Project in the West Pilbara region of Western Australia.
Highlights:
ROCK CHIP SAMPLING ASSAYS RETURN GRADES OF UP TO 45.8 G/T GOLD AND 10.3% COPPER AT THORPE PROSPECT
SURFACE GOLD FOOTPRINT OF CARLOW TENEMENT CONTINUES TO INCREASE
ROCK CHIP SAMPLING OF VEINS WITHIN TWO STRUCTURES AT THORPE DELIVERS HIGH-GRADE GOLD, COPPER AND SILVER ASSAY RESULTS, INCLUDING:
Rock Chip Assay Results (Sample No)
45.8 g/t Au, 3.7% Cu & 38.6 g/t Ag (24AR22-020)
12 g/t Au, 1.1% Cu & 3.7 g/t Ag (24AR22-014)
5.9 g/t Au, 1.0% Cu & 17.8 g/t Ag (24AR22-006)
3.4 g/t Au, 2.5% Cu & 4.2 g/t Ag (24AR22-031)
3.0 g/t Au, 2.1% Cu & 24 g/t Ag (24AR22-026)
6.2% Cu, 0.8 g/t Au & 5.6 g/t Ag (24AR22-016)
6.1% Cu, 1.6 g/t Au & 13.5 g/t Ag (24AR22-009)
10.3% Cu, 0.4g/t Au & 69.4 g/t Ag (24AR22-013)
PLANS FOR DRILL TESTING PRIORITY TARGETS WHICH INCLUDE AREAS OF HIGH GRADE GOLD, COPPER AND SILVER VEINS AT SURFACE, IS ADVANCED
The Company has undertaken further ground reconnaissance and rock chip sampling across the Carlow tenement, with the goal to map all outcropping mineralised veins and structures and define additional priority targets for drilling.
The current exploration strategy is to use industry best techniques including geochemical and geophysical surveys combined with structural interpretations to identify targets within what Artemis considers is a wide, highly prospective and underexplored structural corridor with potential to host substantial gold deposits.
Executive Director George Ventouras commented:“We are very excited that prospects located on the Carlow tenement continue to deliver further high-grade gold, copper and silver results from extensive veins at surface.
While several of these prospects have had minor drilling programs, the exploration team continues to compile data to identify the source of the widespread gold discovered at surface. Combined with the Titan prospect and other targets in the immediate Carlow area, the future looks very bright for the Karratha Gold Project.”
Thorpe Prospect
The Thorpe Prospect is located in the southeast part of the Carlow tenement, E47/1797. The recent ground reconnaissance program involved collecting additional rock chip samples at Thorpe to define the extent of the gold bearing veins and other structures. A small number of samples were also taken close to the Carlow deposit.
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