REG - Artemis Resources Ld - Diamond Drilling Commences at Osborne JV

Artemis ResourcesAnnouncement

06/11/2023 08:00

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RNS Number : 4749S  Artemis Resources Limited  06 November 2023

Artemis Resources Limited

 

("Artemis" or the "Company")

 

(ASX/AIM: ARV, FRA: ATY, US: ARTTF)

 

Announcement by GreenTech Metals Limited

 

 

DIAMOND DRILLING COMMENCES AT OSBORNE JV WEST PILBARA LITHIUM PROJECT

 

Artemis Resources Limited is pleased to provide below the full text of the ASX
announcement released by its joint venture partner GreenTech Metals Limited
(ASX:GRE) on 6 November 2023:

 

DIAMOND DRILLING COMMENCES AT OSBORNE JV WEST PILBARA LITHIUM PROJECT

Highlights:

·    Diamond Drilling has commenced at the Osborne JV (GRE 51%; ARV 49%)

 

·    Programme provides for up to 1500m drilling to test stratigraphy and
structure to aid in planning of future detailed drilling

 

·    Drill holes sited in area previously cleared

 

·    Drilling to target north dipping stacked LCT pegmatites in the
"Southern Zone"

 

·    XRD analyses have previously confirmed spodumene bearing pegmatite at
Kobe and Osborne

 

·    Initial heritage survey complete - heritage report expected in 4 to 6
weeks to allow detailed drilling at Osborne and Kobe

 

·    GreenTech's West Pilbara lithium projects are to the west of and in
proximity to Azure Minerals (ASX: AZS) Andover Discovery

 

GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is pleased to
advise that Diamond Drilling (DDH) has commenced at the Osborne JV tenement
E47/3719, a joint venture (51% GRE: 49% ARV) held with Artemis Resources Ltd
(ASX: ARV). The Osborne JV sits to the east and adjoins the Company's Ruth
Well Project (Figures 2 and 3).

 

DDH's totalling up to 1500m have been planned to gather stratigraphic and
structural information in the Southern pegmatite zone utilising existing
heritage cleared areas.

 

The Southern LCT pegmatite zone sits within the Osborne JV Project tenements
and comprises a total combined 4km of pegmatite strike along which previous
rock chip samples have returned assay results of up to 3.63% Li(2)O(1).( )

 

(1)ASX Announcement, Greentech Metals, 24 July 2023

 

A previous review of historic soil geochemical data along with the results
from ongoing geological mapping has confirmed the Northern and Southern LCT
pegmatite zones whilst significantly expanding the extent of lithium
mineralisation in the project areas.

 

Management Commentary

 

GreenTech Executive Director Thomas Reddicliffe commented:

"We are excited to commence our maiden drilling at Osborne designed to gather
valuable stratigraphic and structural information relating to the subsurface
characteristics of the pegmatite zone. The data from this drilling will aid in
refining the more detailed follow-up drill programme once the results from
recently completed broader heritage clearances are received.

 

In light of the recent $1.6B takeover offer for Azure, the West Pilbara is
continuing to cement its position as one of the premier global jurisdictions
for hard rock lithium exploration. GreenTech is moving quickly with its
exploration programs as it continues to reveal  the true potential of its
significant tenure in the region."

 

 

 

Figure 1. Diamond drill rig on site at Osborne Targeting Wally Pegmatite Zone

 

Forward Exploration Program

 

The Company has mobilised field crews to site who will be continuing the
following exploration activities during the maiden drilling program:

·    Mapping

·    Rock chip and soil sampling

·    Drill target identification and site preparation

 

With the initial heritage survey having been completed further drill sites in
both the Northern and Southern trends will become available in the next 4 to 6
weeks.

 

The Company has approved relevant programs of work (PoW's) which will
facilitate current and future drill programs on the project tenements.

 

The Company is looking forward to continuing the exploration efforts at both
Kobe and Osborne and will distribute all results and assays to market after
they are received and assessed.

Technical information included in this announcement has previously been
provided to the market in releases dated:

15 June 2023                  High Grade Lithium Discovered
at Ruth Well Project

15 June 2023                 Appointment of Lithium Advisors
to Drive Exploration

29 June 2023                 Greentech Metals Lithium
Corporate Update

7 July 2023                     Further High Grade Lithium
Encountered at Ruth Well

10 July 2023                   Lithium Bearing Pegmatites
Identified West Pilbara JV

24 July 2023                   Further High-Grade Lithium
Assays Reported At Osborne JV

1 September 2023        Analysis Confirms Spodumene at Osborne JV

5 September 2023        New Lithium Targets at Ruth Well and Osborne JV

5 October 2023             Further High Grade Lithium Assays at
Osborne JV

30 October 2023           Further High Grade Rock Chip Results Kobe

 

This announcement has been approved for release by the Board.

 

ENDS

For Further Information:

Mr Thomas
Reddicliffe
Mr Guy Robertson

Executive
Director

info@greentechmetals.com.au
                                +61 (0) 407 983
270

 

 

About GreenTech Metals Limited

Greentech Metals is an exploration and development company focused on the
discovery, development, and opportunistic acquisition of critical minerals
particularly those used in battery storage and electric vehicles. The
Company's founding projects are focused on lithium, nickel, copper and cobalt
which have been underexplored in the West Pilbara and Fraser Range Provinces.

Competent Person Statement

Thomas Reddicliffe, BSc (Hons), MSc, a Director and Shareholder of the
Company, is a Fellow of the AUSIMM, and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration 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'. Thomas Reddicliffe consents to the inclusion in
the report of the information in the form and context in which it appears.

 

Figure 2. Historic Soil Geochemistry and recently Mapped Pegmatite Swarms
highlighting Northern & Southern Pegmatite Trends

Figure 3. GreenTech Project Location, West Pilbara Region

 

 

 

 

 

 

 

***Ends***

For Further information contact:

 Artemis Resources Limited

 Guy Robertson
 George Ventouras                                    info@artemisresources.com.au (mailto:info@artemisresources.com.au)

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

 

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)

 

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