REG - Artemis Resources Ld - Chapman Prospect: Copper-Nickel System Identified
13/09/2022 07:00
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RNS Number : 1857Z Artemis Resources Limited 13 September 2022
13 September 2022
Artemis Resources Limited
("Artemis" or the "Company")
(ASX/AIM: ARV, FRA: ATY, US: ARTTF)
Chapman Prospect - Large Copper-Nickel System Identified in Drilling and
Geophysics
Artemis Resources Limited is pleased to provide an update on assay results
from the recent RC drilling programme targeting the Chapman Prospect located
~1km Southeast from its 100%-owned Carlow Gold and Copper Project in the West
Pilbara region of Western Australia.
Highlights:
· A follow up drill program was completed at the Chapman Prospect
located ~ 1km southeast of Carlow Project, targeting a VTEM anomaly and
previous high-grade intersections.
· Better intersections returned values of:
o 12.6m @ 0.43% Cu, 0.25% Ni, 0.018% Co, 0.08g/t Au from 79.93m, Hole
22CHRD001
§ including; 5.3m @ 0.56% Cu, 0.32% Ni, 0.020% Co, 0.07g/t Au from 82.2m
o 11m @ 0.56% Cu, 0.36% Ni, 0.020% Co, 0.03g/t Au from 37m, Hole ARC385
§ including; 2m @ 0.70% Cu, 0.69% Ni, 0.032% Co, 0.04g/t Au, from 40m
o 1.0m @ 1.07% Cu, 0.75% Ni, 0.04% Co, 0.03g/t Au, from 44m
o 1.0m @ 0.87% Cu, 0.28% Ni, 0.02% Co, 0.01g/t Au, from 46m
o 1.0m @ 1.06% Cu, 0.44% Ni, 0.025% Co, 0.03g/t Au from 131m, Hole ARC373
· Mineralisation is associated with ~1km long gabbro intrusion and
basalt contact.
· A DHTEM (Down Hole Transient Electromagnetic) survey completed
recently with modelling results highlighting additional targets.
· The next phase of Chapman exploration will be designed to seek areas
of higher-grade mineralisation along this and other sub-regional trends at
Chapman.
Alastair Clayton, Executive Director commented: "Intersecting broad shallow
zones of continuous copper and nickel at Chapman is encouraging, especially as
these mineralised zones appear to be related to the margins of regional
gabbros and related structures. Drilling at Chapman undertaken in 2021
intersected high-grade copper mineralisation over a wide interval*. We look
forward to refining and developing additional targets to further explore this
~1km long prospective trend".
*See ASX release 06 December 2021 "New Regional Discovery - High-grade Copper,
Gold and Silver Intersected at Chapman Prospect"
A total of 11 holes comprising 10 RC holes and one diamond hole were completed
for a total of 3,011.3m, of which 2,837 was RC and 174.3m was diamond
(excluding the RC pre-collar). The location of these holes is shown in Figure
1.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf)
Figure 1: Location of the drill collars for the Chapman Prospect as they
relate to the Greater Carlow Project
At Chapman the litho-geochemistry has been effective in defining the location
of the Cu-Ni mineralisation over a strike length of 725m with the overall
trend being in excess of 1km. Mineralisation is associated with semi-brittle
to ductile structures formed by the intrusion of a north dipping Gabbro plug
within the surrounding basalt country rock, shown in Figure 2.
Drilling to date indicates that mineralisation may be continuous (despite low
grade) over a down dip portion of 130m which remains open at depth. High grade
Cu-Au mineralisation drilled in 2021 in drill hole GLC007 appears to be
associated with a northeast orientated brittle structure that offsets a
portion of the gabbro to the south. Additional drilling perpendicular to the
structure is required to define this structure.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf)
Figure 2: Geological setting of the Chapman Prospect showing the relationship
between the mineralised trend and contact with the Gabbro body. Significant
results are shown for respective drill holes.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf)
Figure 3: Local Section 10,000mN looking to the northwest showing significant
intersections. Refer to Figure 2 for section location
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf)
Figure 4: Local Section 10,440mN looking to the northwest showing significant
intersections. Refer to Figure 2 for section location.
Table 1: Significant results for RC holes drilled at Chapman
Significant Intervals >0.3% Cu, 2m internal dilution. NSI = No Significant
Intervals
HoleID Comment From (m) To (m) Downhole Width (m) Cu (%) Ni % Co (%) Au g/t
ARC372 14 15 1 0.57 0.38 0.020 0.01
68 72 4 0.36 0.27 0.024 0.01
Including 70 71 1 0.52 0.48 0.041 0.02
75 76 1 0.31 0.20 0.019 0.01
80 83 3 0.20 0.74 0.024 0.24
Including 80 81 1 0.74 0.24 0.024 0.02
244 245 1 0.32 0.21 0.023 0.10
ARC373 73 74 1 0.38 0.04 0.006 0.02
82 86 4 0.69 0.21 0.023 0.10
Including 83 86 3 0.82 0.24 0.027 0.12
118 119 1 0.68 0.21 0.015 0.01
125 126 1 0.50 0.33 0.032 0.02
131 132 1 1.05 0.44 0.024 0.03
ARC374 85 86 1 0.38 0.24 0.013 0.01
101 102 1 0.33 0.05 0.016 0.13
114 115 1 0.44 0.33 0.013 0.02
161 162 1 0.39 0.16 0.005 0.16
ARC375 38 40 2 0.35 0.28 0.019 0.04
45 46 1 0.34 0.20 0.015 0.02
HoleID Comment From (m) To (m) Downhole Width (m) Cu (%) Ni % Co (%) Au g/t
52 53 1 0.38 0.11 0.015 0.02
81 87 6 0.36 0.13 0.010 0.01
131 132 1 0.99 0.02 0.016 0.48
ARC376 66 67 1 0.58 0.36 0.024 0.01
76 77 1 0.44 0.24 0.012 0.04
85 87 2 0.57 0.20 0.013 0.03
90 91 1 0.31 0.13 0.010 0.01
ARC377 82 86 4 0.31 0.12 0.009 0.02
ARC382 99 100 1 0.31 0.20 0.013 0.02
101 102 1 0.30 0.17 0.010 0.01
112 114 2 0.35 0.23 0.010 0.03
ARC385 31 33 2 0.34 0.31 0.023 0.01
37 48 11 0.56 0.36 0.020 0.25
Including 40 42 2 0.70 0.69 0.032 0.04
Including 44 45 1 1.08 0.75 0.040 0.03
Including 46 47 1 0.87 0.28 0.021 0.01
ARC405 93 95 2 0.60 0.02 0.011 0.42
Including 94 95 1 0.77 0.03 0.013 0.50
ARC407 147 149 2 0.21 0.33 - -
Table 2: Significant results for the diamond hole drilled at Chapman
Significant Intervals >0.3% Cu, 2m internal dilution. NSI = No Significant
Results
Hole ID Comment From To Downhole width (m) Cu % Ni % Co % Au ppm
22CHRD001 76.46 78.36 1.9 0.30 0.16 0.013 0.02
79.93 92.5 12.57 0.43 0.25 0.018 0.08
Including 82.2 88.04 5.33 0.56 0.32 0.020 0.07
125.94 127.7 1.76 0.42 0.15 0.010 0.01
134.24 136.76 2.52 0.39 0.19 0.014 0.05
Including 135.66 136.76 1.1 0.47 0.26 0.018 0.09
Down Hole Transient Electromagnetic (DHTEM) survey was collected from two
drill holes, ARC407 located to the southeast of the main Chapman trend and
diamond hole 22CHRD001.
The DHTEM data from ARC407 identified a weak broad off hole anomalism centred
at ~60-70m down hole as shown in Figure 5. The source is above and to the
south of ARC407 with further modelling required to constrain.
22CHRD001 DHTEM identified a weak off hole anomalism with the source appearing
sub-parallel to hole geometry centred at ~55-80m down hole with a localised
source. Relatively weak/low conductance and limited areal size and very likely
relates to the original Chapman VTEM/FLTEM conductor. Further modelling may be
required.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf)
Figure 5: Location of the VTEM anomaly and associated DHTEM plate in the
southeast portion of the Chapman trend. Background is Legend Mining's VTEM
image.
Table 3: Drill Information for the drill holes completed at Chapman
HoleID Type East MGA North MGA RL (m) Dip Azimuth MGA Total Depth (m)
22CHRD001 DD 507998.10 7697867.64 29.91 -60.32 212.21 174.30
ARC372 RC 507638.08 7698016.63 31.89 -60.07 212.11 342.00
ARC373 RC 507654.45 7698049.98 31.84 -60.28 214.10 339.00
ARC374 RC 508077.27 7697900.07 29.46 -60.00 210.00 342.00
ARC375 RC 508046.34 7697854.58 29.66 -60.00 210.00 342.00
ARC376 RC 508096.93 7697857.02 29.24 -59.93 212.50 254.00
ARC377 RC 508229.25 7697758.08 28.40 -59.35 212.97 162.00
ARC382 RC 507976.70 7697983.41 29.91 -59.61 212.18 342.00
ARC385 RC 507931.98 7697908.71 30.39 -61.34 208.98 342.00
ARC405 RC 507924.69 7697802.17 30.25 -59.90 129.21 162.00
ARC407 RC 508648.40 7697767.47 26.54 -69.39 210.07 210.00
Competent Persons Statement
The information in this announcement that relates to Exploration Results and
Exploration Targets is based on information compiled or reviewed by Mr. Steve
Boda, who is a Member of the Australasian Institute Geoscientists. Mr. Boda
is an employee of Artemis Resources Limited. Mr. Boda has sufficient
experience that is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he is undertaking 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.
Boda consents to the inclusion in the announcement of the matters based on his
information in the form and context in which it appears.
About Artemis Resources
Artemis Resources (ASX: 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 gold projects - the Greater
Carlow Gold Project in the West Pilbara and the Paterson Central exploration
project in the East Pilbara.
This announcement was approved for release by the Board.
For more information, please visit www.artemisresources.com.au
(http://www.artemisresources.com.au/)
Artemis Resources Limited via Camarco
Alastair Clayton
WH Ireland Limited
(Nominated Adviser and Broker)
Antonio Bossi / Megan Liddell (Corporate Finance) Tel: +44 20 7220 1666
Harry Ansell / Daniel Bristowe (Corporate Broking) Tel: +44 20 7220 1648
Camarco (Public Relations) Tel: +44 20 3781 9244
Gordon Poole / James Crothers Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)
Emily Hall / Rebecca Waterworth
JORC Code, 2012 Edition - Table 1
SECTION 1 SAMPLING TECHNIQUES AND DATA
(Criteria in this section apply to all succeeding sections.)
Criteria Commentary
Sampling · Nature and quality of sampling (eg cut channels, random chips, or · Reverse circulation drilling was used to obtain one metre
specific specialised industry standard measurement tools appropriate to the samples, using a 5 ¼" face sampling hammer.
techniques minerals under investigation, such as down hole gamma sondes, or handheld XRF
instruments, etc). These examples should not be taken as limiting the broad · Diamond sampling techniques employed at the Artemis core facility
meaning of sampling. include saw cut HQ (63mm) drill core samples.
· Include reference to measures taken to ensure sample representivity and · Both RC and HQ wireline core is currently being used to drill out
the appropriate calibration of any measurement tools or systems used. the geological sequences and identify zones of mineralisation that may or may
not be used in any Mineral Resource estimations, mining studies or
· Aspects of the determination of mineralisation that are Material to the metallurgical testwork.
Public Report.
· Industry standard procedures were used in the case of RC whereby
· In cases where 'industry standard' work has been done this would be a one (1)m sample was collected from which a 2-3kg sample was obtained and
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m sent to a certified laboratory to pulverize and produce a 50g charge for fire
samples from which 3 kg was pulverised to produce a 30 g charge for fire assay.
assay'). In other cases more explanation may be required, such as where there
is coarse gold that has inherent sampling problems. Unusual commodities or · Duplicate RC samples were collected at the rig from a static cone
mineralisation types (eg submarine nodules) may warrant disclosure of detailed splitter, with the primary and duplicate bag both simultaneously collected
information. from separate chutes.
· For RC, the cyclone was cleared between rod changes to minimise
contamination.
· pXRF analysis was completed at the drill site and only used as a
guide and test mineral components of a rock or alteration. No pXRF data was
used in any reporting or Mineral Resource Estimations.
Drilling · Drill type (eg core, reverse circulation, open-hole hammer, rotary · Reverse Circulation drilling completed by Topdrill.
air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or
techniques standard tube, depth of diamond tails, face-sampling bit or other type, · Drilling was completed using a truck mounted T685 Schramm rig mounted
whether core is oriented and if so, by what method, etc). on 8x8 trucks
· This can produce 1000psi/2700CFM with an axillary booster which is
capable of achieving dry samples at depths of around 300m.
· Diamond drilling was completed by TopDrill using a Sandvik truck
mounted DE880 rig.
Drill sample · Method of recording and assessing core and chip sample recoveries and · Recoveries are recorded on logging sheets along with encounters with
results assessed. water and whether the samples are dry, moist or wet.
recovery
· Measures taken to maximise sample recovery and ensure representative · Drilling recoveries for Reverse Circulation drilling were >80%
nature of the samples. with some exceptions that maybe caused by loss of return through faults or
encounters with water.
· Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of · >90% of samples returned dry.
fine/coarse material.
· Statistical analysis shows that no bias of grade exists due to
recoveries
Logging · Whether core and chip samples have been geologically and · RC samples were collected from the static cone splitter as two
geotechnically logged to a level of detail to support appropriate Mineral samples, one bulk sample and one primary (analytical) sample.
Resource estimation, mining studies and metallurgical studies.
· The bulk samples are one metre splits.
· Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography. · These bags are then placed in neat rows of 50 bags each clear of the
rig for safety reasons.
· The total length and percentage of the relevant intersections logged.
· A field technician mixes the bag by hand before taking a sample using
a sieve and sieves the sample to remove fines.
· The sieved sample is then transferred to a wet sieve in a bucket of
water, and the sample is sieved further until rock fragments are clearly
visible.
· These rock fragments are then logged by the site geologist, taking
note of colour, grainsize, rock type, alteration if any, mineralisation if
any, veining if any, structural information if notable and any other relevant
information.
· This information is then written down on pre-printed logging sheets,
using codes to describe the attributes of the geology.
· A representative sample is transferred to pre-labelled chip trays
into the corresponding depth from where the sample was drilled from.
· The remainder of the sample from the sieve is then transferred into a
core tray that has been marked up by depths at metre intervals.
· An identification sheet noting the hole number and from-to depths
that correspond to each tray is then written up and placed above the tray and
a photograph is taken of the chips.
· The hole is logged in its entirety, hence 100%
· The geological data would be suitable for inclusion in a Mineral
Resource Estimation (MRE)
Sub-sampling · If core, whether cut or sawn and whether quarter, half or all core · RC samples were collected on the drill rig using a cone splitter. If
taken. any mineralised samples were collected wet these were noted in the drill logs
techniques and
and database.
· If non-core, whether riffled, tube sampled, rotary split, etc and
sample whether sampled wet or dry. · The RC drilling rig is equipped with a rig-mounted cyclone and static
cone splitter, which provided one bulk sample of approximately 20-30
preparation · For all sample types, the nature, quality and appropriateness of the kilograms, and a sub-sample of approximately 2-4 kilograms for every metre
sample preparation technique. drilled.
· Quality control procedures adopted for all sub-sampling stages to · Field QC procedures involve the use of Certified Reference Materials
maximise representivity of samples. (CRM's) as assay standards, along with duplicates and blank samples. The
insertion rate of these was approximately 1:20.
· Measures taken to ensure that the sampling is representative of the
in-situ material collected, including for instance results for field · For RC drilling, field duplicates were taken on a routine basis at
duplicate/second-half sampling. approximately 1:20 ratio using the same sampling techniques (i.e. cone
splitter) and inserted into the sample run.
· Whether sample sizes are appropriate to the grain size of the
material being sampled. · Primary and duplicates results have been compared.
· The sample sizes are appropriate, representative and are considered
more than adequate to ensure that there are no particle size effects relating
to the grain size of the mineralisation.
Quality of assay · The nature, quality and appropriateness of the assaying and laboratory · A certified laboratory, ALS Chemex (Perth) was used for all analysis
procedures used and whether the technique is considered partial or total. of drill samples submitted. The laboratory techniques below are for all
data and
samples submitted to ALS and are considered appropriate for the style of
· For geophysical tools, spectrometers, handheld XRF instruments, etc, mineralisation defined within the Carlow Castle Project area
laboratory tests the parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. · The sample preparation followed industry best practice. Fire assay
samples were dried, coarse crushing to ~10mm, split to 300g subsample,
· Nature of quality control procedures adopted (eg standards, blanks, followed by pulverisation in an LM5 or equivalent pulverising mill to a grind
duplicates, external laboratory checks) and whether acceptable levels of size of 85% passing 75 micron.
accuracy (ie lack of bias) and precision have been established.
· This fraction was split again down to a 50g charge for fire assay
· 50-gram Fire Assay (Au-AA26) with ICP finish for Au.
· All samples were dried, crushed, pulverised and split to produce a
sub-sample of 50g which is digested and refluxed with hydrofluoric, nitric,
hydrochloric and perchloric acid (4 acid digest).
· This digest is considered a total dissolution for most minerals
· Analytical analysis is performed using ICP-AES Finish (ME-ICP61) for
Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni,
P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn.
· Additional Ore Grade ICP-AES Finish (ME-OG62) for Cu reporting out of
range.
· Standards are matrix matched by using previous pulps from drilling
programs and homogenised using certified laboratories.
· Standards were analysed by round robins to determine grade.
· Standards were routinely inserted into the sample run at 1:20.
· Laboratory standards and blank samples were inserted at regular
intervals and some duplicate samples were taken for QC checks.
Verification of · The verification of significant intersections by either independent or · Sampling was undertaken by field assistants supervised by experienced
alternative company personnel. geologists from Artemis Resources. Significant intercepts were checked by
sampling and
senior personnel who confirmed them as prospective for gold mineralisation.
· The use of twinned holes.
assaying
· No twin holes using RC was completed in this program.
· Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols. · Electronic data capture on excel spreadsheets which are then uploaded
as .csv files and routinely sent to certified database management provider.
· Discuss any adjustment to assay data.
· Routine QC checks performed by Artemis senior personnel and by
database management consultant.
· PDF laboratory certificates are stored on the server and are checked
by the Exploration Manager.
Location of · Accuracy and quality of surveys used to locate drill holes (collar and · A Garmin GPSMap62 hand-held GPS was used to define the location of
down-hole surveys), trenches, mine workings and other locations used in the initial drill hole collars. Standard practice is for the GPS to be left at
data points Mineral Resource estimation. the site of the collar for a period of 5 minutes to obtain a steady reading.
Collar locations are considered to be accurate to within 5m.
· Specification of the grid system used.
· A high-quality downhole north-seeking multi-shot or continuous survey
· Quality and adequacy of topographic control. gyro-camera was used to determine the dip and azimuth of the hole at 30m
intervals down the hole
· The topographic surface was calculated from the onsite mine survey
pickups and subsequently verified by RTK GNSS collar surveys.
· Zone 50 (GDA 94).
· Surface collar coordinates are surveyed via RTK GNSS with 1cm
accuracy by a professional surveying contractor.
·
Data spacing · Data spacing for reporting of Exploration Results. · In certain areas, current drill hole spacing is variable and
dependent on specific geological, and geochemical targets.
and distribution · Whether the data spacing and distribution is sufficient to establish
the degree of geological and grade continuity appropriate for the Mineral · A nominal 40x20m drill spacing is considered adequate to establish
Resource and Ore Reserve estimation procedure(s) and classifications applied. the degree of geological and grade continuity appropriate for JORC (2012)
classifications applied.
· Whether sample compositing has been applied.
· No sample compositing to date has been used for drilling completed by
Artemis. All results reported are the result of 1 metre downhole sample
intervals.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · Drill holes were designed to be perpendicular to the strike of known
possible structures and the extent to which this is known, considering the mineralisation. Due to the structural and geological complexity of the area,
deposit type. mineralisation of unknown orientation can be intersected.
· 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. · The chain of custody is managed by the supervising geologist who
places calico sample bags in polyweave sacks. Up to 10 calico sample bags are
placed in each sack. Each sack is clearly labelled with:
o Artemis Resources Ltd
o Address of laboratory
o Sample range
· Samples were delivered by Artemis personnel to the transport company
in Karratha and shrink wrapped onto pallets.
· The transport company then delivers the samples directly to the
laboratory.
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · Data is validated upon up-loading into the master database. Any
validation issues identified are investigated prior to reporting of results.
SECTION 2 REPORTING OF EXPLORATION RESULTS
(Criteria listed in the preceding section also apply to this section.)
Criteria Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · Drilling by Artemis was carried out on E47/1797 - 100% owned by Artemis
agreements or material issues with third parties such as joint ventures, Resources Ltd. This tenement forms a part of a broader tenement package that
partnerships, overriding royalties, native title interests, historical sites, comprises the West Pilbara Project.
wilderness or national park and environmental settings.
· This tenement is in good standing.
· The security of the tenure held at the time of reporting along with any
known impediments to obtaining a licence to operate in the area.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · The most significant work to have been completed historically in the
Carlow Castle area, including the Little Fortune and Good Luck prospects, was
completed by Open Pit Mining Limited between 1985 and 1987, and subsequently
Legend Mining NL between 1995 and 2008.
· Work completed by Open Pit consisted of geological mapping,
geophysical surveying (IP), and RC drilling and sampling.
· Work completed by Legend Mining Ltd consisted of geological mapping
and further RC drilling.
· Legend also completed an airborne ATEM survey over the project area,
with follow up ground-based FLTEM surveying. Re-processing of this data was
completed by Artemis and was critical in developing drill targets for the
completed RC drilling.
· Compilation and assessment of historic drilling and mapping data
completed by both Open Pit and Legend has indicated that this data is compares
well with data collected to date by Artemis. Validation and compilation of
historic data is ongoing.
· All exploration and analysis techniques conducted by both Open Pit
and Legend are considered to have been appropriate for the style of deposit.
Geology · Deposit type, geological setting and style of mineralisation. · The Carlow Castle Co-Cu-Au prospect includes a number of mineralised
shear zones, located on the northern margin of the Andover Intrusive Complex.
Mineralisation is exposed in numerous workings at surface along quartz-rich
shear zones. Both oxide and sulphide mineralisation are evident at surface
associated with these shear zones.
· Sulphide mineralisation appears to consist of Chalcopyrite,
chalcocite, cobaltite, pyrrhotite and pyrite
Drill hole Information · A summary of all information material to the understanding of the · Drill hole information is contained within this release.
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 techniques, · All intervals reported are composed of 1 metre down hole intervals
maximum and/or minimum grade truncations (eg cutting of high grades) and for Reverse Circulation drilling.
cut-off grades are usually Material and should be stated.
· Aggregated intercepts do include reported lengths of higher-grade
· Where aggregate intercepts incorporate short lengths of high grade internal intercepts.
results and longer lengths of low grade results, the procedure used for such
aggregation should be stated and some typical examples of such aggregations · No upper or lower cut-off grades have been used in reporting results.
should be shown in detail.
· No metal equivalent calculations are used in this report.
· 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 · The mineralisation in the Carlow Castle Western Zone strikes
Exploration Results. generally E-W and dips to the north at approximately -75 to -80 degrees. The
drill orientation was 180 -60 dip. Drilling is believed to be generally
· If the geometry of the mineralisation with respect to the drill hole perpendicular to strike. Given the angle of the drill holes and the
angle is known, its nature should be reported. interpreted dip of the host rocks and mineralisation, reported intercepts
approximate true width.
· 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 · True thicknesses are calculated from interpretation deriving from
not known'). orientation of high-grade intervals, orientation of the main mineralised trend
and its dip.
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Appropriate plans are shown in the text.
intercepts should be included for any significant discovery 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 is not · This release reports the results of six RC holes out of a nine hole
practicable, representative reporting of both low and high grades and/or program. The significant results tabulated in the release are reported at a
widths should be practiced to avoid misleading reporting of Exploration base grade of >0.5 g/t Au or >0.5% Cu. Internal dilution of up to 2 m
Results. may be included in an intersection.
Other substantive exploration data · Other exploration data, if meaningful and material, should be reported · Targeting for the RC drilling completed by Artemis was based on
including (but not limited to): geological observations; geophysical survey compilation of historic exploration data, and the surface expression of the
results; geochemical survey results; bulk samples - size and method of targeted mineralised shear zones and associated historic workings.
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances. ·
Further work · The nature and scale of planned further work (eg tests for lateral · Further work (RC and diamond drilling) is justified to locate
extensions or depth extensions or large-scale step-out drilling). extensions to mineralisation both at depth and along strike.
· Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
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. END MSCLTMMTMTJBTITRecent news on Artemis Resources
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