Artemis Resources
Limited
("Artemis" or the
"Company")
Clarification
statement
Titan prospect delivers high grade gold
assays
Artemis
Resources Limited ('Artemis' or the
'Company') (ASX/AIM:
ARV) wishes to issue this clarification statement in respect to its
gold project in the Pilbara region of Western Australia.
Rock chips were recently collected
from a ground reconnaissance program that covered the Carlow
tenement (Figure 1). The rock chip sample assay results taken from
the Titan prospect indicate the presence of a high grade
structurally controlled surface vein mineralisation across multiple
areas including the Titan, Chapman and Thorpe prospect. Chapman and
Thorpe are also known as Good Luck and little
Fortune.
The Titan prospect, located
approximately 1.2km NW of the 704,000 Au Eq Carlow Resource,
returned the highest rock chip assay results of greater than
10,000 g/t Au (exceeding
over limited values). Samples from this location were
characterised by quartz-iron oxide veining which occur along a
broadly defined SE-NW trend and in close proximately to regional
shear zone structures. Vein samples returning high grade
gold often display coarse visible gold, which was seen at the Titan
prospect.
The Chapman and Thorpe prospects
(Good Luck and Little Fortune) are located approximately 600m and
1.8km south of the Carlow Resource area. Chip assay results from
these locations have confirmed the occurrence of multiple high
grade copper and gold of up to 23.8% (Cu) and 6.14 g/t (Au) . The
chips were selected from quartz iron oxide veining often collected
from historical mullock heap workings. Vein structures across
both prospects have been mapped for approximately 600m and appear
broadly associated with E-W trending
structures.
Previous drill results at the Good
Luck and Little Fortune prospects are listed in Appendix 1 and
feature an historic intersection at the Good Luck prospect
of 10m @
3.4% Cu, 1.75 g/t Au & 24.65 g/t Ag, from 116m, including
5m @ 6.23% Cu, 3.01 g/t Au,
45.32 g/t Ag from
117m.
Figure 1.
Carlow tenement with rock chip sample locations
(with higher grades noted) relating to the previous release in
relation to known prospects.
Other currently identified prospects
within the Carlow tenement include:
Marillion - identified by fixed
loop electromagnetic survey (FLEM) which resulted in a very high
tenor (11,000s) conductor
target
Carlow North - Small scale soil
sampling program that displayed elevated levels of
copper
Europa - identified by
coincident gravity and magnetic surveys.
Given the Carlow MRE sits between
Titan and the Chapman and Thorpe prospects, the Company believes
the prospectivity of the Carlow tenement as a whole is exciting and
will be following up with further exploration activities with a
view to extend the search for additional prospects.
Sample No
|
Easting
|
Northing
|
Au
g/t
|
Cu
%
|
Ag
ppm
|
Co
ppm
|
Zn
pct
|
24AR07-186*
|
507976
|
7697654
|
0.6
|
6.95
|
24.1
|
1525
|
0.06
|
24AR11-002*
|
505852
|
7699473
|
6520
|
0.03
|
>100
|
282
|
0.01
|
24AR11-004
|
505855
|
7699471
|
>10000
|
0.01
|
>100
|
21.4
|
0.01
|
24AR11-005
|
505860
|
7699470
|
>10000
|
0.02
|
>100
|
31
|
|
24AR11-008
|
505863
|
7699466
|
>10000
|
0.01
|
>100
|
12.4
|
|
24AR07-169
|
505843
|
7699451
|
10.2
|
0.06
|
1.3
|
137.5
|
0.02
|
24AR07-192
|
507741
|
7696876
|
6.1
|
3.37
|
31.2
|
190.5
|
0.08
|
24AR07-162
|
505854
|
7699471
|
5.1
|
0.04
|
0.7
|
134.5
|
0.01
|
24AR07-191*
|
507742
|
7696859
|
4.5
|
6.74
|
14.3
|
33.1
|
0.01
|
24AR07-185*
|
508475
|
7696631
|
3.4
|
3.88
|
38.4
|
160.5
|
0.02
|
24AR07-190
|
508531
|
7696647
|
2.5
|
0.15
|
6
|
70.4
|
|
24AR07-180
|
505855
|
7699472
|
2.4
|
0.03
|
0.1
|
629
|
0.01
|
24AR07-183*
|
507757
|
7696887
|
2.2
|
14.55
|
8.8
|
139
|
0.03
|
24AR07-196*
|
495466
|
7686219
|
1.7
|
1.66
|
127
|
173
|
8.6
|
24AR07-194*
|
506985
|
7698805
|
1.7
|
0.55
|
4
|
406
|
0.03
|
24AR07-187*
|
507230
|
7698840
|
1.1
|
6.04
|
6.7
|
230
|
|
24AR07-182*
|
507823
|
7696948
|
1
|
9.7
|
5.6
|
140.5
|
|
24AR07-143
|
505021
|
7699506
|
0.9
|
0
|
0.1
|
1.5
|
|
24AR07-168
|
505857
|
7699471
|
0.7
|
0.02
|
0.1
|
66.3
|
0.02
|
24AR07-176
|
505860
|
7699466
|
0.7
|
0
|
0
|
3.3
|
|
24AR07-193*
|
507978
|
7697656
|
0.7
|
5.75
|
37.4
|
266
|
0.02
|
24AR07-188*
|
507139
|
7698883
|
0.7
|
0
|
|
|
|
24AR07-131
|
506478
|
7699113
|
0.6
|
0.01
|
13
|
0.9
|
0.01
|
24AR07-184*
|
507594
|
7696862
|
0.5
|
23.8
|
121
|
91.8
|
0.01
|
24AR07-035
|
497444
|
7695662
|
0.5
|
0
|
0.1
|
1.2
|
|
24AR07-073
|
486930
|
7695821
|
0.5
|
0.01
|
8.2
|
11.7
|
0.02
|
24AR07-144
|
505052
|
7699508
|
0.5
|
0
|
0.1
|
6.1
|
|
24AR07-189*
|
506941
|
7698830
|
0.3
|
5.67
|
26.6
|
160
|
0.03
|
24AR07-181*
|
507997
|
7697002
|
0.3
|
5.4
|
4.4
|
101.5
|
0.02
|
Table 1
Significant results from rock chip sampling
conducted August 2024 - 0.3 g/t Au cut off
*Sample
taken from historical workings/mullock heaps
The rock chip assay results that
were recorded at the Chapman and Thorpe prospect were erroneously
reported in the prior announcement as the main thrust of that
release was focussed on the Titan prospect. The Titan prospect is
located approximately 3km from the Chapman and Thorpe
prospects.
Competent Person Statement
Adrian Hell BSc (Hons), an advisor
and consultant to the Company, is a Member 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'. Adrian Hell consents to the inclusion
in the report of the information in the form and context in which
it appears.
No New Information
To the extent that this announcement
contains references to prior exploration results and Mineral
Resource Estimates for the Carlow Gold/Copper Project which have
been cross referenced to previous market announcements made by the
Company, unless explicitly stated, no new information is contained.
The Company confirms that it is not aware of any new information or
data that materially affects the information included in the
relevant market announcements and, in the case of estimates of
Mineral Resources, that all material assumptions and technical
parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially
changed.
For further
enquiries:
Artemis
Resources Ltd
|
|
Guy Robertson, Chairman
George Ventouras, Executive Director
|
info@artemisresources.com.au
|
|
|
Zeus Capital
Limited (Nomad & Broker)
|
|
Antonio Bossi / James Bavister / Isaac
Hooper
|
Tel: +44 20 3829 5000
|
Appendix 1 - Good Luck and Little Fortune
(Chapman and Thorpe) historical drilling results
Hole ID
|
|
From (m)
|
To (m)
|
DH Width
(m)
|
Au (g/t)
|
Cu (%)
|
Ag (g/t)
|
GLC001
|
|
144
|
146
|
2
|
0.02
|
0.38
|
1.95
|
GLC002
|
|
58
|
59
|
1
|
0.01
|
0.34
|
2.50
|
GLC002
|
|
69
|
70
|
1
|
0.01
|
0.33
|
1.60
|
GLC003
|
|
105
|
106
|
1
|
0.01
|
0.39
|
1.90
|
GLC003
|
|
110
|
111
|
1
|
0.01
|
0.31
|
1.80
|
GLC003
|
|
126
|
127
|
1
|
0.03
|
0.37
|
1.80
|
GLC003
|
|
129
|
131
|
2
|
0.02
|
0.56
|
2.90
|
GLC004
|
|
107
|
108
|
1
|
0.01
|
0.34
|
1.90
|
GLC004
|
|
112
|
113
|
1
|
0.02
|
0.40
|
1.60
|
GLC004
|
|
116
|
117
|
1
|
0.03
|
0.37
|
1.80
|
GLC004
|
|
118
|
120
|
2
|
0.05
|
0.34
|
1.55
|
GLC004
|
|
121
|
123
|
2
|
0.04
|
0.47
|
2.35
|
GLC004
|
|
125
|
126
|
1
|
0.02
|
0.81
|
3.60
|
GLC005
|
|
81
|
84
|
3
|
0.01
|
0.65
|
3.17
|
GLC005
|
|
92
|
94
|
2
|
0.02
|
0.36
|
1.70
|
GLC005
|
|
101
|
104
|
3
|
0.02
|
0.69
|
3.80
|
GLC005
|
Including
|
102
|
103
|
1
|
0.04
|
1.08
|
6.10
|
GLC006
|
|
13
|
14
|
1
|
0.01
|
0.49
|
2.10
|
GLC006
|
|
17
|
20
|
3
|
0.01
|
0.50
|
2.23
|
GLC006
|
|
25
|
26
|
1
|
0.09
|
0.41
|
1.90
|
GLC006
|
|
53
|
54
|
1
|
0.18
|
0.32
|
0.80
|
GLC006
|
|
56
|
60
|
4
|
0.28
|
0.56
|
2.33
|
GLC006
|
Including
|
58
|
59
|
1
|
0.85
|
1.04
|
4.80
|
GLC006
|
|
123
|
125
|
2
|
0.01
|
0.46
|
2.65
|
GLC006
|
|
126
|
129
|
3
|
0.02
|
0.60
|
3.43
|
GLC006
|
|
132
|
133
|
1
|
0.03
|
0.38
|
2.60
|
GLC006
|
|
134
|
135
|
1
|
0.01
|
0.49
|
3.30
|
GLC006
|
|
144
|
145
|
1
|
0.01
|
0.47
|
2.50
|
GLC006
|
|
148
|
151
|
3
|
0.02
|
0.45
|
2.33
|
GLC006
|
|
152
|
153
|
1
|
0.01
|
0.35
|
2.10
|
GLC006
|
|
155
|
156
|
1
|
0.05
|
0.45
|
2.80
|
GLC007
|
|
48
|
49
|
1
|
0.01
|
0.31
|
1.80
|
GLC007
|
|
51
|
52
|
1
|
0.01
|
0.32
|
1.60
|
GLC007
|
|
64
|
66
|
2
|
0.07
|
0.36
|
1.70
|
GLC007
|
|
72
|
73
|
1
|
0.01
|
0.34
|
1.90
|
GLC007
|
|
74
|
77
|
3
|
0.02
|
0.32
|
1.67
|
GLC007
|
|
80
|
81
|
1
|
0.06
|
0.51
|
2.40
|
GLC007
|
|
82
|
83
|
1
|
0.02
|
0.37
|
1.70
|
GLC007
|
|
99
|
100
|
1
|
0.02
|
0.38
|
1.50
|
GLC007
|
|
116
|
126
|
10
|
1.75
|
3.41
|
24.65
|
GLC007
|
Including
|
117
|
122
|
5
|
3.01
|
6.23
|
45.32
|
GLC007
|
|
138
|
141
|
3
|
1.04
|
1.73
|
12.67
|
GLC007
|
Including
|
139
|
141
|
2
|
1.28
|
2.28
|
16.65
|
GLC007
|
|
150
|
151
|
1
|
0.17
|
0.33
|
1.80
|
GLC008
|
|
39
|
40
|
1
|
0.10
|
0.38
|
4.20
|
HoleID
|
Type
|
East MGA
|
North MGA
|
RLMGA
|
Dip
|
Azimuth MGA
|
Total Depth
|
GLC001
|
RC
|
507634
|
7698094
|
32.41
|
-59.8
|
136.32
|
264
|
GLC002
|
RC
|
507545
|
7698028
|
33.44
|
-59.97
|
135.99
|
264
|
GLC003
|
RC
|
507712
|
7698012
|
31.74
|
-59.42
|
135.51
|
228
|
GLC004
|
RC
|
507750
|
7698039
|
31.56
|
-59.88
|
181.25
|
252
|
GLC005
|
RC
|
507751
|
7697989
|
31.58
|
-59.61
|
181.22
|
162
|
GLC006
|
RC
|
507707
|
7697893
|
31.53
|
-59.57
|
2.45
|
216
|
GLC007
|
RC
|
507998
|
7697867
|
30.11
|
-60.31
|
133.24
|
264
|
GLC008
|
RC
|
508020
|
7697621
|
29.6
|
-59.1
|
1.18
|
186
|
Significant Intervals >0.3% Cu, 2m internal dilution. NSI =
No Significant Results
|
|
|
Hole ID
|
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
|
|
|
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
|
-
|
-
|
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
|
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
|
|
|
|
|
|
|
|
|
Hole ID
|
From (m)
|
To (m)
|
Metres
|
Cu %
|
Ni %
|
Au g/t
|
Ag g/t
|
GLRC001
|
103
|
107
|
4
|
0.42
|
0.3
|
-
|
1.8
|
LFRC001
|
14
|
15
|
1
|
-
|
-
|
2.4
|
-
|
LFRC001
|
160
|
163
|
3
|
2.16
|
-
|
1.22
|
16.1
|
LFRC002
|
67
|
76
|
9
|
2.7
|
-
|
0.2
|
16.3
|
LFRC003
|
33
|
34
|
1
|
4.6
|
-
|
2.2
|
27
|
LFRC004
|
79
|
82
|
3
|
1
|
-
|
-
|
6
|
LFRC004
|
32
|
33
|
1
|
-
|
-
|
3.4
|
-
|
Hole ID
|
GDA
mN
|
GDA
mE
|
RL
(m)
|
Dip
|
Azimuth
|
EOH
(m)
|
GLRC001
|
7698035
|
507700
|
33
|
-60
|
180
|
150
|
LFRC001
|
7696878
|
507493
|
38
|
-60
|
135
|
198
|
LFRC002
|
7696909
|
507618
|
39
|
-60
|
135
|
92
|
LFRC003
|
7696903
|
507693
|
36
|
-60
|
135
|
116
|
LFRC004
|
7696883
|
507577
|
37
|
-60
|
135
|
100
|
ASX
announcements referred to in this release;
6/12/2021- Artemis Resources, New
Regional discovery - High grade Copper, Gold and Silver Intersected
at Chapman Prospect
13/09/2022 - Artemis Resources,
Chapman Prospect - Large Copper-Nickel System Identified in
Drilling and Geophysics
11/02/2016 - Artemis Resources,
Copper hits of up to 4.6% confirm electro-magnetic anomalies at
Carlow Castle project in WA are mineralised.
9/5/2021 - Artemis Resources,
Greater Carlow Exploration Update and JORC Exploration Target for
the Carlow Castle Deposit
16/09/2019 - Artemis Resources, 21
New SAM Targets and Carlow Castle West
29/10/2018 - Artemis Resources,
Multiple New Cobalt Targets Defined in West Pilbara