10 February 2025
This is a Reach (i.e. non-regulatory)
announcement and the information contained is not considered to be
material or to have a significant impact on management's
expectations of the Company's performance.
PILBARA
GOLD DRILLING commences
_______________________________________________________________________________
Highlights:
·
A substantial
Diamond and Reverse Circulation ("RC") drilling program has
commenced to test several gold targets within a 4km long zone
centred around the Company's 374Koz inferred gold Carlow Mineral
Resource[1]
·
Diamond drilling
is targeting the source of the large Marillion electro-magnetic
("EM") conductor located 500m east of the Carlow resource and will
also test the potential for significant extensions to the Carlow
resource down plunge from previous high-grade gold
intersections
·
Shallow RC
drilling will then be carried out across the Titan
Prospect2 2km NW of Carlow as an initial test of surface
gold occurrences in an area of interpreted structural complexity
considered favourable for gold mineralisation
·
There is no
previous drilling of any of the three targets planned to be tested
in the first phase of drilling, despite proximity to the Carlow
deposit
Figure 1.
Diamond drill rig set up on the first hole at
Carlow. Drilling 24hrs/day
Artemis Resources Limited ('Artemis' or the
'Company') (ASX/AIM:
ARV) is pleased to announce
commencement of a substantial diamond and RC drilling program to
test high priority gold exploration targets on the 100% owned
Carlow Tenement within the Company's extensive holdings in the
North Pilbara gold province. Refer to Figure 2.
Commenting on the commencement of
drilling, Managing Director Julian Hanna said:
"We are thrilled to announce the start of this diamond
and RC drilling program which will test three high-potential
targets within a 4km long zone centred on our Carlow Mineral
Resource. The current inferred Mineral Resource1
at Carlow contains 374,000oz gold and 64,000t copper and remains
open beyond previous drilling.
Diamond drilling will focus on the large Marillion EM
conductor, located 500m east of the Carlow resource and test for
possible extensions to the Carlow resource, targeting areas down
plunge from previous high-grade gold and copper
intersections.
Additionally, we will use RC drilling to explore the Titan
Prospect, 2km northwest of Carlow, where high-grade gold
occurrences2 from selected sampling of quartz veins and
chert outcrops offer exciting potential. We are excited about the
opportunity this drilling presents to expand the Carlow resource
and uncover further opportunities across our portfolio and look
forward to updating the market on progress."
Figure 2. Artemis tenements in
Pilbara region of Western Australia with Carlow Tenement
hatched
For further information relating to
priority drill targets and other activities planned in the March
Quarter, please refer to Artemis ASX announcement on 28 January
2025.
This announcement was approved for
release by the Board. For further information contact Julian Hanna
/ Managing Director info@artemisresources.com.au
Competent Person
Statement
The information in this report that
relates to Exploration Results was prepared/compiled by Mr Adrian
Hell BSc (Hons), a Competent Person who is a member of the
Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Hell
is a technical consultant to Artemis Resources Ltd. Mr Hell 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
Hell consents to the inclusion in this report of the matters based
on his information in the form and context in which it
appears.
No New Information
To the extent that this announcement
contains references to prior exploration results and Mineral
Resource Estimates for the Carlow Gold/Copper Project which have
been cross referenced to previous market announcements made by the
Company, unless explicitly stated, no new information is contained.
The Company confirms that it is not aware of any new information or
data that materially affects the information included in the
relevant market announcements and, in the case of estimates of
Mineral Resources, that all material assumptions and technical
parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially
changed.
About Artemis Resources
Artemis Resources (ASX/AIM:ARV) is a
gold, copper and lithium focused resources company with projects in
the West Pilbara region of Western Australia. The Company's main
projects include;
·
Karratha Gold Project including the Carlow Castle
gold/copper project
·
Karratha Lithium Project including the high-grade
Mt Marie Lithium Prospect and the Osborne Lithium JV (Artemis 49%;
GreenTech Metals (ASX:GRE 51%)
·
Paterson Central Gold/Copper project in the
Paterson Province (located adjacent to Greatland Gold's gold-copper
discovery at Havieron and 42km from the Telfer gold
mine)
· Artemis also owns the Radio Hill processing plant, located
only 35km from Karratha
