RCS - Artemis Resources Ld - Survey Over Lulu Creek and Greater Carlow Update

Artemis ResourcesAnnouncement

10/07/2023 07:00

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RNS Number : 4557F  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 (mailto:info@artemisresources.com.au)

 WH Ireland Limited (Nominated Adviser and Broker)
 Antonio Bossi / James Bavister / Isaac Hooper (Corporate Finance)    Tel: +44 20 7220 1666

 Camarco (Financial PR)
 Gordon Poole / Emily Hall / Rebecca Waterworth                       Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)

 

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
(http://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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