REG - Artemis Resources Ld - HIGH-GRADE GOLD & COPPER ASSAYS AT THORPE PROSPECT
28/11/2024 07:00
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RNS Number : 8918N Artemis Resources Limited 28 November 2024
28 November 2024
Artemis Resources Limited
("Artemis" or the "Company")
HIGH-GRADE gold & Copper assays AT THORPE PROSPECT
_______________________________________________________________________________
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)
o 45.8 g/t Au, 3.7% Cu & 38.6 g/t Ag (24AR22-020)
o 12 g/t Au, 1.1% Cu & 3.7 g/t Ag
(24AR22-014)
o 5.9 g/t Au, 1.0% Cu & 17.8 g/t Ag
(24AR22-006)
o 3.4 g/t Au, 2.5% Cu & 4.2 g/t Ag
(24AR22-031)
o 3.0 g/t Au, 2.1% Cu & 24 g/t Ag
(24AR22-026)
o 6.2% Cu, 0.8 g/t Au & 5.6 g/t Ag
(24AR22-016)
o 6.1% Cu, 1.6 g/t Au & 13.5 g/t Ag
(24AR22-009)
o 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
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.
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."
Figure 1. Artemis West Pilbara tenements with current known prospects named
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.
In total, 52 samples were sent to the laboratory for assaying for gold and
other elements. Results included the following high-grade assays from the
Thorpe Prospect;
o 45.8 g/t Au, 3.7% Cu & 38.6 g/t Ag (24AR22-020)
o 12 g/t Au, 1.1% Cu & 3.7 g/t Ag
(24AR22-014)
o 5.9 g/t Au, 1.0% Cu & 17.8 g/t Ag
(24AR22-006)
o 3.4 g/t Au, 2.5% Cu & 4.2 g/t Ag
(24AR22-031)
o 3.0 g/t Au, 2.1% Cu & 24 g/t Ag
(24AR22-026)
o 6.2% Cu, 0.8 g/t Au & 5.6 g/t Ag
(24AR22-016)
o 6.1% Cu, 1.6 g/t Au & 13.5 g/t Ag
(24AR22-009)
o 10.3% Cu, 0.4g/t Au & 69.4 g/t Ag
(24AR22-013)
The high-grade gold, copper and silver assay results are from veins sampled
along three interpreted structures, each trending SW-NE and East-West for
approximately 2km strike length (refer to Figure 2). High-grade gold/copper
zones have been defined along two of these structures over around 500m strike
length. Mineralisation is associated with stockwork quartz-iron oxide
veining within shear and fault structures ranging in width from centimetres up
to approximately 12m. The associated country rock is predominantly altered
basalt & dolerite.
Figure 2. Rock Chip sample locations of recent ground program
Table 1. Thorpe rock chip assay results >0.5 g/t Au and >1% Cu
Prior to the recent rock chip sampling program, Artemis conducted an initial
sampling program on Thorpe in August 2024, with high grade results including;
· 6.1 g/t Au and 3.37% Cu (24AR07-192)
· 3.4 g/t Au and 3.88% Cu (24AR07-185)
· 2.2 g/t Au and 14.55% Cu (24AR07-183)
· 23.8% Cu and 0.5 g/t Au (24AR07-184)
A limited drilling program was conducted by Artemis in 2021 which produced
some encouraging early results. A summary of the best intercepts are as
follows:
· 1m @ 3.4 g/t Au from 32m (LFRC004)
· 3m @ 1% Cu and 6 g/t Ag from 79m (LFRC004)
· 1m @ 4.6% Cu and 2.2 g/t Au and 27 g/t Ag from 33m (LFRC003)
· 9m @ 2.7% Cu and 16.3 g/t Ag from 67m (LFRC002)
· 3m @ 2.16% Cu and 1.22 g/t Au from 160m (LFRC001)
As a result of the reconnaissance sampling programs on the Carlow tenement,
widespread surface gold mineralised veins have been identified within a wide
structural corridor centred around the district-scale Regal Thrust.
Individual prospects and deposits including Carlow Castle, Titan, Europa,
Marillion, Chapman, and Thorpe are interpreted to be related to this
structural corridor and remain a strong focus.
Figure 3. Satellite image showing Interpreted alteration zones and rock chip
samples >0.5 g/t Au extending 10km along the interpreted structural
corridor from Sing Six Prospect to Carlow-Titan-Marillion-Thorpe target area
Figure 4. Thorpe Prospect - 3m wide quartz/iron oxide vein returning 45.8g/t
Au & 3.7% Cu (sample22AR22-020)
Figure 5. Thorpe Prospect - 5m wide quartz & quartz/iron oxide veining
returning 5.9g/t Au & 1% Cu (Sample 24AR22-014)
Figure 6. Thorpe Prospect - 1m wide quartz/iron oxide (with malachite) vein
returning 12.0 g/t Au & 1.1% Cu (Sample 24AR22-014)
Next Steps
Artemis plans to commence drilling of key targets within the Carlow tenement
starting early 2025, subject to heritage clearance and other regulatory
requirements. The Company has commenced the process for surveys of areas not
already cleared.
This announcement was approved for release by the Board.
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
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.
ASX announcements referred to in this release;
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
Artemis Resources, New Regional Discovery, 6 December 2021
Artemis Resources, Copper Hits of up to 4.6% confirm electro magnetic
anomalies at Carlow Castle project in WA are mineralised, 11 February 2016
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) 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
only ~42km from the 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 all 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. - Rock chip sample results from current program
Prospect Sample_No Easting Northing Au_G/T Cu_% Agppm Coppm Znppm Zn_%
Thorpe 24AR22-020 508407.00 7696627.00 45.80 3.68 38.6 469 47 0.0047
Thorpe 24AR22-014 507735.00 7696860.00 11.95 1.055 3.7 201 1225 0.1225
Thorpe 24AR22-006 508061.00 7696621.00 5.86 0.954 17.75 95 11 0.0011
Thorpe 24AR22-031 507556.00 7696843.00 3.38 2.49 4.19 177.5 708 0.0708
Thorpe 24AR22-026 508499.00 7696639.00 2.95 2.14 24.4 606 58 0.0058
Thorpe 24AR22-045 508426.00 7696359.00 2.90 0.0004 0.07 0.5 1 0.0001
Thorpe 24AR22-025 508509.00 7696631.00 2.05 0.778 10.55 292 174 0.0174
Thorpe 24AR22-009 507790.00 7696939.00 1.64 6.09 13.5 225 1400 0.14
Thorpe 24AR22-004 508034.00 7696620.00 1.39 0.802 21 169 13 0.0013
Thorpe 24AR22-048 507808.00 7696923.00 1.18 2.83 2.21 133 971 0.0971
Thorpe 24AR22-003 508030.00 7696618.00 1.08 1.62 200 98.5 6 0.0006
Thorpe 24AR22-008 508459.00 7696615.00 0.89 0.447 8.63 8.5 210 0.021
Thorpe 24AR22-023 508296.00 7696622.00 0.84 0.73 22.6 55 62 0.0062
Thorpe 24AR22-027 508448.00 7696645.00 0.83 0.166 6.23 69.3 35 0.0035
Thorpe 24AR22-016 507818.00 7696912.00 0.75 6.21 5.58 317 2080 0.208
Thorpe 24AR22-022 508400.00 7696621.00 0.72 0.53 10.4 45.1 57 0.0057
Thorpe 24AR22-015 507720.00 7696863.00 0.71 1.805 21.9 45.5 280 0.028
Thorpe 24AR22-021 508406.00 7696629.00 0.53 0.416 8.72 43.8 40 0.004
Thorpe 24AR22-011 507608.00 7696862.00 0.51 2.55 7.13 240 1370 0.137
Thorpe 24AR22-013 507574.00 7696875.00 0.37 10.25 69.4 135 110 0.011
Carlow 24AR23-004 507897.00 7698509.00 0.34 2.69 1.83 314 333 0.0333
Thorpe 24AR22-005 508045.00 7696617.00 0.24 0.794 4.22 95.8 24 0.0024
Thorpe 24AR22-001 508031.00 7697043.00 0.13 0.891 12.4 17.3 23 0.0023
Thorpe 24AR22-017 508281.00 7696734.00 0.09 0.0772 0.1 14.2 55 0.0055
Thorpe 24AR22-002 508229.00 7697120.00 0.08 0.702 3.45 30.3 138 0.0138
Thorpe 24AR22-010 507618.00 7696865.00 0.06 0.177 0.25 48.3 92 0.0092
Thorpe 24AR22-037 507295.00 7696616.00 0.06 0.1075 0.17 14.8 38 0.0038
Carlow 24AR23-002 506444.00 7699094.00 0.06 0.0417 1.1 22.6 561 0.0561
Carlow 24AR23-001 506489.00 7699111.00 0.04 0.0251 0.24 9.8 113 0.0113
Thorpe 24AR22-028 508573.00 7696660.00 0.03 0.354 0.6 820 86 0.0086
Thorpe 24AR22-032 507536.00 7696818.00 0.03 0.0873 0.2 26.8 54 0.0054
Thorpe 24AR22-019 508422.00 7696630.00 0.03 0.0261 0.3 3.2 11 0.0011
Carlow 24AR23-003 506606.00 7699118.00 0.03 0.0252 0.13 12.5 154 0.0154
Thorpe 24AR22-012 507607.00 7696863.00 0.02 0.0851 0.16 17 36 0.0036
Thorpe 24AR22-018 508465.00 7696669.00 0.02 0.0255 0.24 4.6 10 0.001
Thorpe 24AR22-029 508540.00 7696647.00 0.01 0.487 4.44 948 42 0.0042
Thorpe 24AR22-042 507843.00 7696303.00 0.01 0.216 0.8 36.3 28 0.0028
Thorpe 24AR22-038 507126.00 7696425.00 0.01 0.0164 0.82 12.6 12 0.0012
Thorpe 24AR22-033 507262.00 7696758.00 0.01 0.01 0.04 17.2 12 0.0012
Thorpe 24AR22-035 507467.00 7696566.00 0.01 0.007 0.16 15.1 28 0.0028
Thorpe 24AR22-030 508614.00 7696395.00 0.01 0.0036 0.07 4.9 5 0.0005
Thorpe 24AR22-046 508508.00 7696378.00 0.01 0.0025 0.01 0.6 4 0.0004
Thorpe 24AR22-007 508023.00 7696620.00 0.01 0.023 0.29 1 2 0.0002
Thorpe 24AR22-024 507504.00 7696780.00 0.01 0.0084 0.09 6.2 39 0.0039
Thorpe 24AR22-036 507391.00 7696513.00 0.01 0.0053 0.05 1.4 5 0.0005
Thorpe 24AR22-040 508199.00 7696409.00 0.01 0.0017 0.02 7.9 9 0.0009
Thorpe 24AR22-041 508102.00 7696380.00 0.01 0.0016 0.01 3.2 9 0.0009
Thorpe 24AR22-034 507295.00 7696615.00 0.01 0.0011 0.01 11.6 26 0.0026
Thorpe 24AR22-044 508257.00 7696336.00 0.01 0.001 0.02 0.8 1 0.0001
Thorpe 24AR22-043 507891.00 7696442.00 0.01 0.0007 0.01 2.9 7 0.0007
Thorpe 24AR22-039 507467.00 7696567.00 0.01 0.0006 0.02 0.9 4 0.0004
Thorpe 24AR22-047 508375.00 7696484.00 0.01 0.0005 0.01 1.6 6 0.0006
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 chips, or · Samples referred to in this report are obtained from in-situ rock
specific specialised industry standard measurement tools appropriate to the chip samples collected by Artemis Resources during field reconnaissance
minerals under investigation, such as down hole gamma sondes, or handheld XRF exercises. Samples are primarily collected from quartz iron oxide vein
instruments, etc). These examples should not be taken as limiting the broad material.
meaning of sampling.
· Samples are collected from in-situ, subcrop and float around
· Include reference to measures taken to ensure sample representivity historical mullock heaps and workings.
and the appropriate calibration of any measurement tools or systems used.
· Rock chip sample weight is approximately 0.4kg to 3.4kg
· Aspects of the determination of mineralisation that are Material to
the Public Report. · The rock chip samples of the veins are irregularly spaced which is
considered appropriate for "regional-scale" reconnaissance-level gold
· In cases where 'industry standard' work has been done this would be exploration.
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire · Rock chips samples are subject to bias and often unrepresentative for
assay'). In other cases more explanation may be required, such as where there the typical widths and assay grades required for economic consideration. They
is coarse gold that has inherent sampling problems. Unusual commodities or are by nature difficult to duplicate with any acceptable form of precision or
mineralisation types (eg submarine nodules) may warrant disclosure of detailed accuracy.
information.
· Samples were dispatched to ALS Global Laboratories in Perth for
analysis.
· Analysis included:
- Au-AA26 - Au 50g FA AA finish
- ME-MS61 - 48 elements Ultra-Trace Four-Acid Digestion with ICP
MS and ICP-AES
- ME-OG62- default overlimit method triggered for Ag, Co, Cu, Zn -
Ore Grade Elements by Four Acid Digestion Using Conventional ICP-AES
Analysis;
Drilling techniques · Drill type (eg core, reverse circulation, open-hole hammer, rotary · Not applicable, as no drilling was undertaken.
air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-sampling bit or other type, ·
whether core is oriented and if so, by what method, etc).
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · Not applicable as no drilling has been undertaken.
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 which has been
geotechnically logged to a level of detail to support appropriate Mineral set up for project geology requirements. Data recorded includes GPS location,
Resource estimation, mining studies and metallurgical studies. lithology, mineralisation, alteration, structure. All data is captured using
field note pad - Samsung Active-3. The level of logging detail is sufficient
· Whether logging is qualitative or quantitative in nature. Core (or for exploration reconnaissance purposes.
costean, channel, etc) photography.
· Alteration interpretation is preliminary and determined by field
· The total length and percentage of the relevant intersections logged. observation and correlated using QGIS workflows. Further validation is
determined using multi-element analysis in IOGAS workflows
· Structural interpretation is preliminary based on limited field
structural recordings integrated with airborne magnetic and gravity
interpretations. This work remains ongoing.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · No sub sampling of rock chip samples has been undertaken as part of
taken. this program.
· If non-core, whether riffled, tube sampled, rotary split, etc and ·
whether sampled wet or dry.
· 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 and · Rock chip samples were dispatched to ALS Global Laboratories in Perth
laboratory procedures used and whether the technique is considered partial or for analysis using their fire assay Au-AA26 (1 element) & ME_MS61L (48
total. elements)for 49 elements in total. No samples reported with visible gold
· For geophysical tools, spectrometers, handheld XRF instruments, etc, · The laboratory reported the use of standards and blanks as part of
the parameters used in determining the analysis including instrument make and the analyses for QA/QC.
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 standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established.
Verification of sampling and assaying · The verification of significant intersections by either independent · Rock chip sample and geological information is recorded in the field
or alternative company personnel. 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 Artemis
· Documentation of primary data, data entry procedures, data geologists in the field.
verification, data storage (physical and electronic) protocols.
· Field data is entered into Fulcrum App before being loaded into a
· Discuss any adjustment to assay data. 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 holes (collar · Sample points were determined by in built tough book GPS and hand
and down-hole surveys), trenches, mine workings and other locations used in held GPS which is considered appropriate for the reconnaissance nature of the
Mineral Resource estimation. 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 · No attempt has been made to demonstrate geological or grade
the degree of geological and grade continuity appropriate for the Mineral continuity between sample points.
Resource and Ore Reserve estimation procedure(s) and classifications 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 sampling of · Samples were collected from predominantly outcropping in situ, &
possible structures and the extent to which this is known, considering the lessor subcrop and vein floatmaterial around historical workings and mullock
deposit type. heaps.
· 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 techniques and data. · No review of the sampling techniques has been undertaken.
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 including · The project tenement covers an area of 126km(2) and comprises
agreements or material issues with third parties such as joint ventures, granted tenement: E47/1746
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 exception
· The security of the tenure held at the time of reporting along with of E47/3719 which is subject to a GreenTech Metals/Artemis Resources 51%/49%
any known impediments to obtaining a licence to operate in the area. Joint Venture
· 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 parties. · Previous explorers in the region include but not limited 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 mineralisation. · Surface mineralisation is consistent with structural 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 understanding of the · Not applicable as no drilling has been undertaken
exploration results including a tabulation of the following information for
all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o 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 techniques, · Not applicable as no data aggregation has been used.
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 reporting of · Not applicable as surface sampling is reconnaissance in nature.
Exploration Results.
· 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 tabulations of · All the appropriate maps are provided in the body of this
intercepts should be included for any significant discovery being reported announcement.
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 is not · This announcement discusses the findings of recent reconnaissance
practicable, representative reporting of both low and high grades and/or sampling and field mapping observations.
widths should be practiced to avoid misleading reporting of Exploration
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · Previous Drilling completed by Artemis Resources, Legend Mining and
reported including (but not limited to): geological observations; geophysical Open Pit Mining
survey results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.
Thorpe (formerly little Fortune) Prospect
· Historic drill assay records have been located from Legend Mining
drilling including total 9 holes for a total of 304m
· Best intercepts included:
o 2m @ 3.6 g/t Au from 27m (CC14)
· Artemis Resources completed total of 4 RC drill holes completed
for a total of 506m.
· Best intercepts included:
o 9m @ 2.7% Cu, 16.3 g/t Ag, from 67m in LFRC002
o 3m @ 2.16% Cu, 1.22 g/t Au, 16.1 g/t Ag, from 160m in LFRC001
o 1m @ 4.6% Cu, 2.2 g/t Au, 27 g/t Ag, from 33m in LFRC003
o 1m @ 3.4 g/t Au from 32m in LFRC004
· (refer to Artemis ASX announcement 11(th) February 2016
· 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 for lateral · Artemis Resources plans to conduct further ground reconnaissance and
extensions or depth extensions or large-scale step-out drilling). sampling to outline the size of the potential gold associated mineralised
envelop. This work will contribute to undertaking more advance assessments
· Diagrams clearly highlighting the areas of possible extensions, and eventual drill target ranking
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
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