REG - Artemis Resources Ld - Exploration Update
22/08/2022 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220822:nRSV6955Wa&default-theme=true
RNS Number : 6955W Artemis Resources Limited 22 August 2022
22 August 2022
Artemis Resources Limited
("Artemis" or the "Company")
Exploration Update
Artemis Resources Limited (ASX:ARV AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF)
is pleased to provide additional results from its 100%-owned Paterson Central
and Greater Carlow Projects, located in the Pilbara Region of Western
Australia.
Highlights
Paterson Central Project
· Two diamond drill holes 22PTMRD008 and 22PTMRD009 already completed
at Paterson Central from pad AP004, see Figure 1.
· Deepening of hole GDRCD006, first drilled in late 2021* at pad AP001,
is planned to extend its downhole depth by an additional ~400m (to over 1000m
downhole depth) to test a magnetic and gravity target.
· Atlas drilling to commence once rig is finished at Apollo, followed
by Enterprise targets to the South, and Juno and Voyager targets to the North,
subject to final heritage and access solutions.
Greater Carlow Project
· All Carlow drill results from the latest drill campaign have now been
received and the new Mineral Resource Estimate is expected to be completed in
September.
· Results for ARC395 and ARC396 did not return any significant
mineralisation, in line with the offset of the lodes already discovered by
holes ARC403 and ARC404.
· Extensive new gravity survey completed over the entire Carlow
tenement (~31 sq km) with encouraging results revealing several new
exploration targets which will be investigated further.
· Down Hole Electromagnetic (DHEM) surveys completed at four separate
drill locations, with a significant new exploration target identified to the
East of Carlow in an area known as Marillion where a conductor exhibited
moderate to high conductance.
· A major heritage survey is to commence soon at Carlow North in
preparation for an extensive new exploration effort at this large untested
target area that encompasses the northerly structural trends of both Crosscut
and Carlow West Zone.
*see ASX Release 04 May 2022 "Paterson 2021 Drill First Results 2022 Programme
Update"
Alastair Clayton, Executive Director commented - "Artemis is in a very busy
phase of its 2022 exploration and evaluation programme. Paterson Central
drilling is progressing very well and as part of the senior management team
that recently visited the Paterson Central region it is difficult not to be
struck by the scale of the exploration and development activity in the area
and the proximity of our project drilling to the emerging Havieron mine.
With all drill holes now returned from recent drill programmes at Carlow the
updated MRE is now being finalised.
Our Exploration Team have also been very busy acquiring a range of geophysical
data and preparing for the next phase of exploration at the Greater Carlow
Project. With a structural model at Crosscut and the Western Zone routinely
yielding excellent drill results, our focus will now turn to the untested
Carlow North Area where we believe multiple mineralising structures may be
present."
Figure 1: Drone image looking west showing the Paterson Central Apollo drill
pads AP001 - 004. Artemis drill rig at AP004 with approximate licence boundary
in dashed white line.
Crosscut and Carlow West Zones
The Crosscut Zone has been interpreted to be a series of north-south striking,
high-grade repeating en echelon structures constrained by northwest striking
bounding structures. These northwest structures appear to be penetrative
structures that cut through the Carlow East Zone. Furthermore, a new
mineralised northwest trending structure, that parallels the Crosscut Zone and
cuts through the Carlow West Zone has been identified.
These structures appear to trend to the north, continuing through the
silicified chert hills and into the plains beyond, see Figure 2. A new gravity
data set that covers the entire E47/1797 tenement area (31.09km(2)) appears to
support this notion and also points to several new areas to the west of the
Carlow resource area that require investigation, as shown in Figure 3.
Figure 2: Carlow North Area looking south to the chert ridge and the Carlow
resource area beyond.
Figure 3: Vertical derivative gravity over the Carlow licence with previous
Carlow resource outline (green) and some simplified geology (basalt red and
chert in white).
Table 1: Significant Intersections for the holes drilled in the Crosscut Zone
of the Carlow deposit. Intersections cut on 0.3% Cu with 2m internal dilution.
HoleID From (m) To (m) Downhole Width (m) Cu (%) Au (g/t) Co (%)
ARC393 NSI
ARC394 23 29 6 0.44 0.05 0.014
ARC395 NSI
ARC396 NSI
ARC397 NSI
ARC403 76 78 2 0.70 0.16 0.011
97 105 8 2.44 0.24 0.868
Including 100 103 3 3.41 0.29 1.257
112 119 7 1.93 0.41 0.011
Including 118 119 1 6.75 0.57 0.020
125 126 1 0.64 0.34 0.036
ARC404 108 110 2 4.71 1.01 0.008
Including 109 110 1 8.78 1.91 0.011
Holes drilled in the Carlow West Zone have also returned with very good
results, with these results shown in Table 2 and the collar position shown in
Figure 4.
Drilling in this zone appears to be intersecting two zones. Holes ARC398,
ARC399 and ARC400 intersected mineralisation related to the Carlow West Zone,
while ARC401 and ARC402 have identified a second new mineralised northwest
trending structure, that parallels the Crosscut Zone and cuts through the
Carlow West Zone. Further drilling is warranted to test this structure.
Figure 4: Location of Carlow West Zone drill holes.
Table 2: Significant Intersections for the holes drilled in the Carlow West
Zone of the Carlow deposit. Intersections cut on 0.5g/t Au, with 2m internal
dilution.
HoleID Comment From (m) To (m) Downhole Width (m) Au (g/t) Cu (%) Co (%)
ARC398 13 16 3 2.57 1.01 0.088
Including 13 15 2 3.58 1.46 0.113
30 33 3 0.69 0.21 0.195
89 90 1 0.91 0.53 0.101
95 104 9 2.07 1.22 0.05
Including 99 101 2 5.30 4.26 0.097
Including 103 104 1 5.33 1.67 0.044
124 125 1 0.56 0.20 0.007
128 129 1 1.84 0.06 0.023
132 133 1 0.59 0.29 0.016
ARC399 110 112 2 4.03 1.98 0.155
Including 110 111 1 5.39 2.70 0.238
129 130 1 0.50 0.58 0.518
137 149 12 2.43 0.53 0.117
Including 143 144 1 3.11 1.06 0.426
Including 146 148 2 8.70 1.02 0.233
157 162 5 4.44 0.74 0.212
165 168 3 0.79 0.16 0.095
175 176 1 1.49 0.13 0.038
183 184 1 0.53 0.14 0.032
ARC400 69 71 2 0.67 0.42 0.011
ARC401 42 44 2 0.57 0.85 0.007
59 60 1 0.66 1.54 0.016
120 122 2 0.54 2.77 0.012
158 161 3 7.51 1.71 0.14
Including 160 161 1 19.70 3.97 0.274
ARC402 93 94 1 1.19 0.62 0.072
106 108 2 1.10 2.18 0.336
150 151 1 0.92 0.02 0.069
158 160 2 7.07 2.89 0.136
Including 159 160 1 12.75 3.89 0.208
Marillion Target
This area was initially highlighted by the historic Legend Mining data as a
VTEM anomaly. This target was drilled by hole ARC406 which returned no
significant results. It was decided that a MLEM and DHTEM survey be carried
out to better define the VTEM target at depth.
Modelling of the Marillion anomaly showed conductive plates of up to 5,000S,
covering an area of 0.31km(2), dipping to the south and located at 300 to 400
metres below surface.
Planning is underway to drill test this target.
Figure 4: Location of Marillion plates as defined by DHTEM and MLEM surveys.
The highly conductive nature of these geophysical targets makes for a viable
and possibly lucrative target, close to the Carlow Deposit.
Figure 5: Sectional view of the location of the Marillion geophysical plates
Table 3: List of Carlow holes collars
HoleID Type Easting GDA94 Northing GDA94 RL (m) Dip Azimuth GDA Total Depth (m)
ARC393 RC 507440.38 7698682.97 30.97 -61.01 238.12 156.00
ARC394 RC 507483.58 7698707.55 30.69 -61.08 238.94 150.00
ARC395 RC 507240.97 7699124.06 41.96 -60.46 243.67 145.00
ARC396 RC 507290.65 7699153.25 44.24 -60.58 240.63 168.00
ARC397 RC 507348.82 7699187.47 46.30 -61.43 243.79 160.00
ARC398 RC 506759.18 7698818.65 36.67 -60.37 179.29 162.00
ARC399 RC 506817.61 7698770.41 35.71 -59.41 180.77 192.00
ARC400 RC 506837.22 7698794.37 36.04 -59.35 180.30 162.00
ARC401 RC 506837.94 7698863.10 37.57 -58.57 179.22 180.00
ARC402 RC 506797.92 7698852.75 37.28 -57.65 180.10 186.00
ARC403 RC 507208.27 7699034.05 39.16 -56.40 242.97 150.00
ARC404 RC 507245.62 7699033.18 38.89 -58.20 241.26 222.00
ARC405 RC 507924.69 7697802.17 30.25 -59.90 129.21 162.00
ARC406 RC 508499.25 7698469.29 32.51 -64.09 212.38 210.00
ARC407 RC 508648.40 7697767.47 26.54 -69.39 210.07 210.00
Table 4: List of Paterson holes collars
HoleID Type East MGA North MGA RLMGA Dip Azimuth MDA Total Depth
22PTMRD008 DD 464564.00 7600421.62 267.40 -75.00 80.00 985.00
22PTMRD009 DD 464560.00 7600420.00 267.00 -65.00 275.00 1054.90
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.
MAR
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.
About Artemis Resources
Artemis Resources (AIM / 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.
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)
Jessica Cave / 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.
· No QC for Ag currently in place.
· 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 VTEM 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DRLPBMBTMTBTTLTRecent news on Artemis Resources
See all newsREG - Artemis Resources Ld - Quarterly Activities Report
AnnouncementREG - Artemis Resources Ld - Directorate Change
AnnouncementREG - Artemis Resources Ld - Gold Review in West Pilbara
AnnouncementREG - Artemis Resources Ld - Listing of Share Options
AnnouncementRCS - Artemis Resources Ld - Update on Karratha Gold Project
Announcement