Artemis Resources Limited Survey Over Lulu Creek and Greater Carlow Update
10 Luglio 2023 - 8:00AM
RNS Non-Regulatory
TIDMARV
Artemis Resources Limited
10 July 2023
RNS Reach
Artemis Resources Limited
("Artemis" or the "Company")
(ASX/AIM: ARV, FRA: ATY, US: ARTTF)
Induced Polarisation (IP) Survey Commences Over Lulu
Creek Mineralised Intrusion and Greater Carlow EM Update
Highlights:
Lulu Creek
-- A high resolution dipole-dipole Induced Polarisation (IP)
geophysics survey has commenced over the Lulu Creek intrusion
related gold prospect.
-- Survey will consist of 13 lines for approximately 12-line
kilometres over an area of 251 hectares.
-- Aim of the IP Survey is to define disseminated sulphide drill
targets identified as being prospective for gold mineralisation
within the Lulu Creek intrusion.
-- The IP Survey is expected to take approximately three weeks,
with results expected in late July.
Greater Carlow
-- Moving Loop Electromagnetic (MLEM) survey successfully
completed over Europa, Titan, Carlow North, Marillion North and
around Carlow Castle.
-- Final MLEM survey data has been provided to SGC for processing.
-- Results of MLEM surveys expected to be finalised by mid-July.
Artemis Resources is pleased to announce that Southern
Geoscience Consultants (SGC) have commenced a high-resolution
dipole-dipole IP survey over the prospective Lulu Creek diorite
intrusion (Figure 1). The aim of the survey is to provide vertical
resolution in defining chargeability anomalies that may represent
disseminated sulphides within and around the Lulu Creek diorite.
Defined chargeability anomalies will then be used for exploration
drill targeting of sulphide mineralisation which is believed to
host gold mineralisation in conjunction with quartz veins.
Dipole-dipole array IP survey has been chosen due to its ability
to provide good lateral and vertical chargeability resolution in
the search for disseminated sulphides within the Lulu Creek
prospect area.
Figure 1: Proposed dipole-dipole IP Survey area in relation to
known Lulu Creek Intrusion
Lulu Creek lies some 20 km to the west of Artemis's Carlow
Castle deposit and forms part of the prospective Greater Carlow
area. It was initially identified in 2018 via a regional soils and
rock chip program (Refer ASX announcement 05/11/2018) defining an
area of interest over 4 km in an east-northeast orientation.
Subsequent mapping and rock chip sampling identified gold
associated with quartz veins and gossans, and in an unclassified
weathered unit with a light covering of transported sands and
gravels.
In 2020, Artemis completed 126 RC drill holes with an average
hole depth of 20 m and a maximum hole depth of 50 m. The drill
program was technically successful identifying numerous low-grade
zones of gold mineralisation associated with disseminated sulphides
and quartz veins within a 2 km east-northeast trending quartz
diorite intrusion.
Greater Carlow MLEM Update
SGC have advised that the Greater Carlow MLEM surveys have
finished, and the final data set received. The data is currently
being processed, with results expected by mid-July. Preliminary
information supplied by SGC indicates that four primary anomalies
have been identified with two strong anomalies located in the
vicinity of Carlow Castle. Additional information will be supplied
following completion of data processing and interpretation.
This announcement was approved for release by the Board.
For Further information contact:
Artemis Resources Limited
Guy Robertson via Camarco
Dr Simon Dominy / Technical Director info@artemisresources.com.au
WH Ireland Limited (Nominated Adviser
and Broker)
Antonio Bossi / James Bavister Tel: +44 20 7220 1666
/ Isaac Hooper (Corporate Finance)
Camarco (Financial PR)
Gordon Poole / Emily Hall / Rebecca Email: artemis@camarco.co.uk
Waterworth
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a
Perth-based exploration and development company, led by an
experienced team that has a singular focus on delivering
shareholder value from its Pilbara projects - the Greater Carlow
project in the West Pilbara and the Paterson Central exploration
project in the East Pilbara.
For more information, please visit
www.artemisresources.com.au
Competent Person's Statement
The information in this report that relates to exploration
results was prepared by Mr Luke Meter, a Competent Person who is a
member of the Australasian Institute of Geoscientists (MAIG) and
Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Meter
is employed by Artemis Resources as Exploration Manager. Mr Meter
has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the 'Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves". Mr
Meter consents to the inclusion in this report of the matters based
on his information in the form and context in which it appears.
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