The Conversation (0)
Artemis Resources Limited (‘Artemis’ or the ‘Company’) (ASX/AIM: ARV) is pleased to report the discovery of exceptionally high grade gold in veins at the Titan prospect as part of its recent ground reconnaissance program at its Karratha Gold Project, in the Pilbara region of Western Australia.
Highlights:
- High grade gold reported in veins at Titan prospect with abundant visible gold at surface
- Titan prospect tracked for ~ 700m and remains open
- Rock chips samples report high grade gold assay results including;
- 24AR07-004, 005, 008 - > 10,000 g/t Au*
- 24AR11-002 – 6,520 g/t Au
- 24AR07-169 – 10.2 g/t Au
- Copper assay results return high values including;
- 24AR07-184 – 23.8% Cu
- 24AR07-183 – 14.55% Cu
- 10.4 oz gold bar produced from material extracted from Titan prospect
- Tenement review of Carlow project area results in mapping of further gold veins
- New areas of gold mineralisation discovered across tenements
- Pathway open for potential larger scale regional discovery
Figure 1 10.4 oz gold bar produced from Titan prospect
Executive Director George Ventouras commented: “We remain excited by the gold prospectivity that our tenements continue to deliver. The re-focus of exploration efforts and strategy on a tenement wide scale is continuing to deliver evidence of multiple new zones for gold mineralisation, which we believe could contain the potential for large scale deposits. The next steps will allow us to refine these zones, delineate bona-fide prospects and work towards more targeted exploration efforts.”
Figure 2. Current known gold prospects contained within the Artemis tenements
Ground reconnaissance recently completed as a follow up to the previous reported work has delivered further gold occurrences in areas that were previously only lightly explored. This work was designed to map the prospective surface veins and identify additional fertile structures that may contain gold & copper mineralisation. Not only did the ground team identify and trace several large-scale vein trends, they were also successful in identifying a vein zone with abundant coarse visible gold at the Titan prospect.
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