RCS - Artemis Resources Ld - Visible Gold Identified at Sing Six
17/10/2024 07:30
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RNS Number : 5755I Artemis Resources Limited 17 October 2024
RNS Reach
17 October 2024
Artemis Resources Limited
("Artemis" or the "Company")
Visible gold identified at Sing SIX and Sing well
with veining identified along 2km ZONE
_______________________________________________________________________________
Highlights:
· Field mapping and chip sampling completed at Sing Six and
Sing Well Prospects with 201 samples collected for assaying
· Angular free gold samples collected at surface across
multiple locations along an interpreted 200m-300m wide NE-SW trending shear
zone
· In addition to free gold collected at surface, visible
gold was also identified within outcropping quartz/iron oxide veins sampled
across the NE-SW zone
· Intense foliation and alteration observed within host
rocks associated with mineralised veins along a 2km length of the NE-SW zone
sampled to date
· Gold occurrences at Sing Six and Sing Well are 6km SW of
the newly discovered Titan gold target and ARV's Carlow gold/copper project
· Sing Six and Sing Well, Titan and Carlow are all
interpreted to occur within the wide Regal Thrust structural corridor which
includes multiple shears and faults
Artemis Resources Limited ('Artemis' or the 'Company') (ASX/AIM: ARV) is
pleased to announce that ground reconnaissance across the Sing Six and Sing
Well prospects has identified surface gold and mineralised veins with
associated wider alteration zones across a wide 2km long area 6km southwest of
the recent Titan gold discovery.
Executive Director George Ventouras commented: "Once again our exploration
team has successfully identified and collected visible gold samples across our
tenement portfolio. We are encouraged by the level of surface and vein hosted
gold that has been discovered, especially in a known mineralised area such as
Sing Six. This bodes well for further potential exploration success and these
clues are leading us to the source of the gold which is very exciting."
Figure 1. Sing Six prospect with rock chip (vein and alteration) and sample
locations
Sing Six and Sing Well Prospects
The Sing Six and Sing Well prospects are located in the central part of the
Silica Hills tenement E47/1746. The Sing Six and Sing Well prospects have been
previously explored using wide spaced soil sampling and local metal detector
sampling. A limited air-core drill program comprising 14 holes for total of
376m was also completed at Sing Six in 2020 with best intercept reporting 2m @
0.97 g/t Au from 9m.
In May 2024, the Company followed up previous ground reconnaissance work at
the Sing Six prospect with a second phase of surface sampling and mapping. The
primary focus of this program was to gain a better understanding of the
distribution of surface veining, related structures and alteration zones which
may be indicative of the potential for a large gold mineralised system.
More recent field mapping and rock chip sampling across the Sing Six-Sing Well
area has identified multiple locations of outcropping mineralised veins across
a 2km long newly defined target area. Visible gold has been identified in
surface samples and outcropping veins providing early encouragement of the
prospectivity for this area.
Coarse angular free gold in surface cover has also been identified immediately
around veins which contain visible gold and further along trend for
approximately 1km. Characteristics observed in free gold samples suggest
proximity to vein sources.
Figure 2. Artemis West Pilbara tenements showing location of current prospects
including Sing Six and Sing Well
Veins were mapped across multiple parallel trends which are broadly parallel
to the Regal Thrust structural corridor which extends northeast into the gold
target area of the Titan prospect and is possibly associated with the Carlow
gold/copper deposit.
Artemis' Karratha based technical team has identified veins comprised of
quartz-iron oxide and quartz-carbonate (less iron) with multiple samples
displaying visible gold.
Associated with the veins are zones of strong foliation and host rock
alteration mapped across multiple parallel shears for approximately 2km.
Single veins are predominantly steeply dipping, commonly range from 1cm to
10cm width, and occur as multiple sets in alteration zones up to 200m wide.
Importantly, the vein hosted gold mineralisation and associated alteration may
outline the wider potential to be tested by drilling.
Approximately 201 surface chip samples have been collected and dispatched to
the laboratory for assaying. Results will be announced once received.
Figure 3. Visible gold in quartz-iron oxide vein material located at Sing Six
prospect
Sample ID Location Weight gm Visual Gold Estimate (%) Vein Type (major minerals)
mN mE
24AR26-208 7695284 498026 232 2-5 Iron oxide-quartz
Cautionary statement: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where concentrations
or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious
physical properties relevant to valuations. A number of vein rock chip
samples were selected based on presence of visible gold during the sampling
programs.
Figure 4. Sample of altered basalt with thin veining displaying visible gold
from Sing Six prospect
Sample ID Location Weight gm Visual Gold Estimate (%) Vein Type (major minerals)
mN mE
24AR26-209 7695287 498022 268 1 Qz-Fe Vein at alteration contact
Cautionary statement: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where concentrations
or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious
physical properties relevant to valuations. A number of vein rock chip
samples were selected based on presence of visible gold during the sampling
programs. The high-grade gold results reflect the irregular nature of the
gold mineralisation. It should be noted that further sampling in close
proximity to these high-grade zones may produce varying and very contrasting
results. Some vein samples presented in diagrams may not have been analysed by
a laboratory as the Company has chosen to keep them for type specimens.
Figure 4. Visible gold in iron oxide vein material located at Sing Six
prospect
Sample ID Location Weight gm Visual Gold Estimate (%) Vein Type (major minerals)
mN mE
24AR26-206 7695292 498044 38 2 Iron oxide-quartz
Cautionary statement: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where concentrations
or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious
physical properties relevant to valuations. A number of vein rock chip
samples were selected based on presence of visible gold during the sampling
programs.
Figure 5. Visible gold in quartz iron oxide vein material located at Sing Six
prospect
Sample ID Location Weight gm Visual Gold Estimate (%) Vein Type (major minerals)
mN mE
24AR26-211 7695284 498027 236 1 Qz fe vein
Cautionary statement: Visual estimates of mineral abundance should never be
considered a proxy or substitute for laboratory analyses where concentrations
or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious
physical properties relevant to valuations. A number of vein rock chip
samples were selected based on presence of visible gold during the sampling
programs.
Figure 6. Samples of free gold collected during metal detector sampling along
vein trends at Sing Six. The shape and angular nature of gold samples
suggest close proximity to the gold source
This announcement was approved for release by the Board.
For further information contact Mr George Ventouras / Executive Director
info@artemisresources.com.au (mailto: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.
This announcement was approved for release by the Board.
For further information contact Mr George Ventouras / Executive Director
Artemis Resources Ltd
Guy Robertson, Chairman info@artemisresources.com.au
George Ventouras, Executive Director
Zeus Capital Limited (Nomad & Broker)
Antonio Bossi / James Bavister / Isaac Hooper Tel: +44 20 3829 5000
ASX announcements referred to in this release;
Artemis Resources, Diamond Drilling Underway at Carlow Castle, 18 September
2020
Artemis Resources, High Grade Rock Chip Gold Assays, 12 June 2024
Artemis Resources, Titan Prospect Results - Clarification Statement, 17
September 2024
Artemis Resources, High Grade Gold Vein Discovery at Titan Prospect Amended,
16 August 2024
Artemis Resources, High Grade Gold Vein Discovery at Titan Prospect, 15 August
2024
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a gold, copper and
lithium focused resources company with projects in Western Australia. The
Company's main projects include;
· Karratha Gold Project including the Carlow Castle 704koz
AuEq gold-copper-cobalt project in the West Pilbara.
· 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 / Newmont's recent gold-copper
discovery at Havieron and only ~42km from the Newmont Telfer gold mine).
· Artemis also owns the Radio Hill processing plant,
located only 35km from Karratha.
Artemis is focused on discovering multiple gold prospects within its +200km(2)
tenement package that can build upon the initial Mineral Resource at Carlow.
The majority of the tenement package has been lightly explored and is now the
subject of methodical exploration programs with a view to identify new gold
zones, veins, structures and faults.
The Company will also continue to progress the Karratha Lithium project
including the high grade Mt Marie prospect and will look to advance this
exciting project through further field work which will lead to drilling the
most advanced targets in due course.
Appendix 1 JORC Table
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random · Samples referred to in this report are obtained from
chips, or specific specialised industry standard measurement tools appropriate random in-situ rock chip samples collected by Artemis Resources during field
to the minerals under investigation, such as down hole gamma sondes, or reconnaissance exercises. Rock chips containing visible gold have been
handheld XRF instruments, etc). These examples should not be taken as limiting selectively sampled from in-situ veining.
the broad meaning of sampling.
· Rock chip sample weight is approximately 100gm to 2kg.
· Include reference to measures taken to ensure sample Formal registered weights to be confirmed at Laboratory.
representivity and the appropriate calibration of any measurement tools or
systems used. · The rock chip samples of the veins are irregularly spaced
which is considered appropriate for "regional-scale" reconnaissance-level gold
· Aspects of the determination of mineralisation that are exploration.
Material to the Public Report.
· Rock chips are random, subject to bias and often
· In cases where 'industry standard' work has been done unrepresentative for the typical widths and assay grades required for economic
this would be relatively simple (eg 'reverse circulation drilling was used to consideration. They are by nature difficult to duplicate with any acceptable
obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for form of precision or accuracy.
fire assay'). In other cases more explanation may be required, such as where
there is coarse gold that has inherent sampling problems. Unusual commodities · In some instances, a small 4-tonne excavator was used to
or mineralisation types (eg submarine nodules) may warrant disclosure of expose vein material for sampling.
detailed information.
· High iron oxide parts of the vein sampled vary in
hardness & friability and easily fragmented during sampling. Samples may
comprise of combined many multiple fragments.
· Samples were dispatched to ALS Global Laboratories in
Perth for analysis.
· Analysis included:
· Au-AA26 - Au 50g FA AA finish
· Au-GRA22 - default overlimit method - 50g FA with
Gravimetric finish; upper limit of the method 10,000ppm; ME-MS6148 element
four acid digestion and ICP-MS finish.
· Trigger default overlimit method also requested for Ag,
Cu, and Zn
· Au analysis turned off for samples 24AR11-004, 24AR11-005
& 24AR11-008 due to significant Au concentration which is unable to be
processed in geochemical fire assay facility, likely >1%
· A selection of vein samples which contained significant
visible gold (field observation determination of approximately > 5% visible
gold VG) or those that reached over limits values at ALS will be subsequently
analysed using gravimetric finish at Independent Assay Laboratories (IAL).
Drilling techniques · Drill type (eg core, reverse circulation, open-hole · Not applicable, as no drilling was undertaken.
hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of diamond tails, face-sampling bit · No mention is made in this announcement of exploration
or other type, whether core is oriented and if so, by what method, etc). results including drilling conducted by other companies on nearby tenements.
Drill sample recovery · Method of recording and assessing core and chip sample · Not applicable as no drilling has been undertaken.
recoveries and results assessed.
· Measures taken to maximise sample recovery and ensure
representative nature of the samples.
· Whether a relationship exists between sample recovery and
grade and whether sample bias may have occurred due to preferential loss/gain
of fine/coarse material.
Logging · Whether core and chip samples have been geologically and · Logging of rock chips are collected using Fulcrum App
geotechnically logged to a level of detail to support appropriate Mineral which has been set up for project geology requirements. Data recorded includes
Resource estimation, mining studies and metallurgical studies. GPS location, lithology, mineralisation, alteration, structure. All data is
captured using field note pad - Samsung Active-3. The level of logging detail
· Whether logging is qualitative or quantitative in nature. is sufficient for exploration reconnaissance purposes.
Core (or costean, channel, etc) photography.
· Alteration interpretation is preliminary and determined
· The total length and percentage of the relevant by field observation and correlated using QGIS work flows
intersections logged.
· Structural interpretation is preliminary and based on
field limited structural recordings. This work remains ongoing.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or · No sub sampling of rock chip samples has been undertaken
all core taken. as part of this program.
· If non-core, whether riffled, tube sampled, rotary split, 2 rock chip samples pulverised on site to test for visual fine gold
etc and whether sampled wet or dry. distribution and assaying.
· For all sample types, the nature, quality and
appropriateness of the sample preparation technique.
· Quality control procedures adopted for all sub-sampling
stages to maximise representivity of samples.
· Measures taken to ensure that the sampling is
representative of the insitu material collected, including for instance
results for field duplicate/second-half sampling.
· Whether sample sizes are appropriate to the grain size of
the material being sampled.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying · Rock chip samples were dispatched to ALS Global
and laboratory procedures used and whether the technique is considered partial Laboratories in Perth for analysis using their ME_MS61L (48 elements), and
or total. Au-AA26 (1 element) for 49 elements in total.
· For geophysical tools, spectrometers, handheld XRF · The laboratory reported the use of standards and blanks
instruments, etc, the parameters used in determining the analysis including as part of the analyses for QA/QC.
instrument make and model, reading times, calibrations factors applied and
their derivation, etc. · No standards or blanks were submitted by the company.
· Nature of quality control procedures adopted (eg · Samples with visible gold and reporting Au overlimit at
standards, blanks, duplicates, external laboratory checks) and whether ALS were processed at IAL using gravimetric finish [or other description to
acceptable levels of accuracy (ie lack of bias) and precision have been match the level of description of the analysis technique that we have provided
established. for the ALS method].
Verification of sampling and assaying · The verification of significant intersections by either · Rock chip sample and geological information is recorded
independent or alternative company personnel. in the field with co-ordinates saved from in built tough book GPS and handheld
GPS used in the field.
· The use of twinned holes.
· All rock chip samples were inspected and described by
· Documentation of primary data, data entry procedures, Artemis geologists in the field.
data verification, data storage (physical and electronic) protocols.
· Field data is entered into Fulcrum App before being
· Discuss any adjustment to assay data. loaded into a database.
· All data has been maintained, validated, and managed by
administrative geologist.
· Analytical results received from the lab have been loaded
directly into the database with no manual transcription of these results
undertaken,
· Original lab certificates have been stored
electronically.
Below detection limit data presented as 1/2 of the lower detection limit of
the method and over the detection limit results presented as the upper
detection limit of the method
Location of data points · Accuracy and quality of surveys used to locate drill · Sample points were determined by in built tough book GPS
holes (collar and down-hole surveys), trenches, mine workings and other and hand held GPS which is considered appropriate for the reconnaissance
locations used in Mineral Resource estimation. nature of the sampling.
· Specification of the grid system used. · GPS error is approximately 1-5m for Easting &
Northing and up to 10m for elevation (m)
· Quality and adequacy of topographic control.
· All sample location coordinates are provided in the
Geocentric Datum of Australia (GDA94 Zone 50).
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Not applicable due to the reconnaissance nature of the
sampling.
· Whether the data spacing and distribution is sufficient
to establish the degree of geological and grade continuity appropriate for the · No attempt has been made to demonstrate geological or
Mineral Resource and Ore Reserve estimation procedure(s) and classifications grade continuity between sample points.
applied.
· No sample compositing is applied to samples.
· Whether sample compositing has been applied.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased · Samples were collected from outcropping in situ veins.
sampling of possible structures and the extent to which this is known, If visible gold in veining is observed this material have been selectively
considering the deposit type. sampled. This sample material comprising quartz-iron oxides and visible gold
likely reflects the nuggety nature of the mineralised system.
· If the relationship between the drilling orientation and
the orientation of key mineralised structures is considered to have introduced
a sampling bias, this should be assessed and reported if material.
Sample security · The measures taken to ensure sample security. · Sample security is by way of chain of custody.
Audits or reviews · The results of any audits or reviews of sampling · No review of the sampling techniques has been undertaken.
techniques and data.
Section 2 Reporting of Exploration Results - revised
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership · The project tenement covers an area of 126km(2) and
including agreements or material issues with third parties such as joint comprises granted tenement: E47/1746
ventures, partnerships, overriding royalties, native title interests,
historical sites, wilderness or national park and environmental settings. · All Artemis Project tenures are 100% owned by Artemis
Resources subsidiary company KML No 2 Pty Ltd E47/1746 & E47/1797 with the
· The security of the tenure held at the time of reporting exception of E47/3719 which is subject to a GreenTech Metals/Artemis Resources
along with any known impediments to obtaining a licence to operate in the 51%/49% Joint Venture
area.
· The tenement is in good standing with DEMIRS and there
are no known impediments for exploration on these tenements.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other · Previous explorers in the region include but not limited
parties. to are Westfield Minerals, Consolidated Gold Areas, Open Pit Mining and
Exploration, Legend Mining, Agip Exploration, Titan Resources and Fox
Resources.
Geology · Deposit type, geological setting and style of · Surface mineralisation is consistent with
mineralisation. structure-controlled shear zone lodes in Archean low grade metamorphic and
accretionary terrains. Implications for intrusion related mineralised
systems is also being considered.
Drill hole Information · A summary of all information material to the · Not applicable as no drilling has been undertaken
understanding of the exploration results including a tabulation of the
following information for all Material drill holes:
· easting and northing of the drill hole collar
· elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole collar
· dip and azimuth of the hole
· down hole length and interception depth
· hole length.
· If the exclusion of this information is justified on the
basis that the information is not Material and this exclusion does not detract
from the understanding of the report, the Competent Person should clearly
explain why this is the case.
Data aggregation methods · In reporting Exploration Results, weighting averaging · Not applicable as no data aggregation has been used.
techniques, maximum and/or minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material and should be stated.
· Where aggregate intercepts incorporate short lengths of
high grade results and longer lengths of low grade results, the procedure used
for such aggregation should be stated and some typical examples of such
aggregations should be shown in detail.
· The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Relationship between mineralisation widths and intercept lengths · These relationships are particularly important in the · Not applicable as surface sampling is reconnaissance in
reporting of Exploration Results. nature.
· If the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be reported.
· If it is not known and only the down hole lengths are
reported, there should be a clear statement to this effect (eg 'down hole
length, true width not known').
Diagrams · Appropriate maps and sections (with scales) and · All the appropriate maps are provided in the body of this
tabulations of intercepts should be included for any significant discovery announcement.
being reported These should include, but not be limited to a plan view of
drill hole collar locations and appropriate sectional views.
Balanced reporting · Where comprehensive reporting of all Exploration Results · This announcement discusses the findings of recent
is not practicable, representative reporting of both low and high grades reconnaissance sampling and field mapping observations. Assay are currently
and/or widths should be practiced to avoid misleading reporting of Exploration pending.
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, · Previous Drilling completed by Artemis Resources, Legend
should be reported including (but not limited to): geological observations; Mining and Open Pit Mining
geophysical survey results; geochemical survey results; bulk samples - size
and method of treatment; metallurgical test results; bulk density, Sing Well - Sing Six Prospects
groundwater, geotechnical and rock characteristics; potential deleterious or
contaminating substances. · Total of 14 RC drill holes completed for a total of
376m. Best intercept included 2m @ 0.97g/t Au from 9m (SSRC007) (refer to
ASX announcement 18(th) September 2020
· Geochemical sampling and geological mapping were
completed by Artemis Resources and reported to the ASX on 5th November 2018.
· Validation & compilation of historic data is ongoing.
Further work · The nature and scale of planned further work (eg tests · Artemis Resources plans to conduct further ground
for lateral extensions or depth extensions or large-scale step-out drilling). reconnaissance and sampling to outline the size of the potential gold
associated mineralised envelop. This work will contribute to undertaking
· Diagrams clearly highlighting the areas of possible more advance assessments and eventual drill target ranking
extensions, including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.
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