REG - Artemis Resources Ld - Clarification statement - Titan prospect
17/09/2024 12:15
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RNS Number : 5443E Artemis Resources Limited 17 September 2024
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 info@artemisresources.com.au
George Ventouras, Executive Director
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
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random chips, · Samples referred to in this report are obtained from random
or specific specialised industry standard measurement tools appropriate to the in-situ rock chip samples collected by Artemis Resources during field
minerals under investigation, such as down hole gamma sondes, or handheld XRF reconnaissance exercises. Rock chips containing visible gold has been
instruments, etc). These examples should not be taken as limiting the broad selectively sampled. Sampling also undertaken across historic workings and
meaning of sampling. mullocks heaps.
· Include reference to measures taken to ensure sample · The random rock chip samples are irregularly spaced which is
representivity and the appropriate calibration of any measurement tools or considered appropriate for "regional-scale" reconnaissance-level gold
systems used. exploration.
· Aspects of the determination of mineralisation that are · Rock chips are random, subject to bias and often
Material to the Public Report. unrepresentative for the typical widths required for economic consideration.
They are by nature difficult to duplicate with any acceptable form of
· In cases where 'industry standard' work has been done this precision or accuracy.
would be relatively simple (eg 'reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for · Samples were dispatched to ALS Global Laboratories in Perth for
fire assay'). In other cases more explanation may be required, such as where analysis.
there is coarse gold that has inherent sampling problems. Unusual commodities
or mineralisation types (eg submarine nodules) may warrant disclosure of · Analysis included:
detailed information.
- Au-AA26 - Au 50g FA AA finish
- Au-GRA22 - default overlimit method - 50g FA with Gravimetric
finish; upper limit of the method 10,000ppm; ME-MS6148 element four acid
digestion and ICP-MS finish.
- Trigger default overlimit method also requested for Ag, Cu, and
Zn
· Au analysis turned off for samples 24AR11-004, 24AR11-005
& 24AR11-008 due to significant Au concentration which is unable to be
processed in geochemical fire assay facility, likely >1%
· Crushing and sluicing equipment was used to produce gold
bar from approximately. 300kg of quartz vein material collected from Titan.
Drilling techniques · Drill type (eg core, reverse circulation, open-hole hammer, · Not applicable, as no drilling was undertaken.
rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter,
triple or standard tube, depth of diamond tails, face-sampling bit or other · No mention is made in this announcement of exploration results
type, whether core is oriented and if so, by what method, etc). including drilling conducted by other companies on nearby tenements.
Drill sample recovery · Method of recording and assessing core and chip sample · Not applicable as no details on any drilling carried out by
recoveries and results assessed. Artemis Resources are included in this announcement.
· Measures taken to maximise sample recovery and ensure
representative nature of the samples.
· Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Logging · Whether core and chip samples have been geologically and · Not applicable due to the reconnaissance nature of the
geotechnically logged to a level of detail to support appropriate Mineral sampling.
Resource estimation, mining studies and metallurgical studies.
· Whether logging is qualitative or quantitative in nature. Core
(or costean, channel, etc) photography.
· The total length and percentage of the relevant intersections
logged.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all · No sub sampling of rock chip samples has been undertaken as
core taken. part of this program.
· If non-core, whether riffled, tube sampled, rotary split, etc
and whether sampled wet or dry.
· For all sample types, the nature, quality and appropriateness
of the sample preparation technique.
· Quality control procedures adopted for all sub-sampling stages
to maximise representivity of samples.
· Measures taken to ensure that the sampling is representative of
the insitu material collected, including for instance results for field
duplicate/second-half sampling.
· Whether sample sizes are appropriate to the grain size of the
material being sampled.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and · Rock chip samples were dispatched to ALS Global Laboratories in
laboratory procedures used and whether the technique is considered partial or Perth for analysis using their ME_MS61L (48 elements), and Au-AA26 (1 element)
total. for 49 elements in total.
· For geophysical tools, spectrometers, handheld XRF instruments, · The laboratory reported the use of standards and blanks as part
etc, the parameters used in determining the analysis including instrument make of the analyses for QA/QC.
and model, reading times, calibrations factors applied and their derivation,
etc. · No standards or blanks were submitted by the company.
· Nature of quality control procedures adopted (eg standards,
blanks, duplicates, external laboratory checks) and whether acceptable levels
of accuracy (ie lack of bias) and precision have been established.
Verification of sampling and assaying · The verification of significant intersections by either · Rock chip sample and geological information is recorded in the
independent or alternative company personnel. field with co-ordinates saved from handheld GPS used in the field.
· The use of twinned holes. · All rock chip samples were inspected and described by Artemis
geologists in the field.
· Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols. · Field data is entered into Fulcrum App before being loaded into
a database.
· Discuss any adjustment to assay data.
· No analytical result adjustments have been applied.
Location of data points · Accuracy and quality of surveys used to locate drill holes · Sample points were determined by hand held GPS which is
(collar and down-hole surveys), trenches, mine workings and other locations considered appropriate for the reconnaissance nature of the sampling.
used in Mineral Resource estimation.
· All sample location coordinates are provided in the Geocentric
· Specification of the grid system used. Datum of Australia (GDA94 Zone 50).
· Quality and adequacy of topographic control.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Not applicable due to the reconnaissance nature of the
sampling.
· Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity appropriate for the · No attempt has been made to demonstrate geological or grade
Mineral Resource and Ore Reserve estimation procedure(s) and classifications continuity between sample points.
applied.
· No sample compositing is applied to samples.
· Whether sample compositing has been applied.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling · Samples were collected from outcropping veins where possible,
of possible structures and the extent to which this is known, considering the some samples were taken from historic workings and Mullock heaps where it was
deposit type. not practical to retrieve in situ samples. If visible gold in vein material
is observed this material have been sampled
· 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. · Sample security is by way of chain of custody.
Audits or reviews · The results of any audits or reviews of sampling techniques and · No review of the sampling techniques has been undertaken.
data.
Section 2 Reporting of Exploration Results - revised
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · The project tenement covers an area of 126km(2) and comprises
agreements or material issues with third parties such as joint ventures, granted tenement: E47/1746
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings. · All Artemis Project tenures are 100% owned by Artemis Resources
subsidiary company KML No 2 Pty Ltd E47/1746 & E47/1797 with the exception
· The security of the tenure held at the time of reporting along of E47/3719 which is subject to a GreenTech Metals/Artemis Resources 51%/49%
with any known impediments to obtaining a licence to operate in the area. Joint Venture
· The tenement is in good standing with DMIRS and there are no
known impediments for exploration on these tenements.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · Previous explorers in the region include but not limited to are
Westfield Minerals, Consolidated Gold Areas, Open Pit Mining and Exploration,
Legend Mining, Agip Exploration, Titan Resources and Fox Resources.
Geology · Deposit type, geological setting and style of mineralisation. · Surface mineralisation is consistent with structure-controlled
shear zone lodes in Archean low grade metamorphic terrains. Implications for
intrusion related mineralised systems is also being considered.
Drill hole Information · A summary of all information material to the understanding of · Not applicable as no drilling has been undertaken
the exploration results including a tabulation of the following information
for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level - elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o 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 · Not applicable as no data aggregation has been used.
techniques, maximum and/or minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material and should be stated.
· Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the procedure used for
such aggregation should be stated and some typical examples of such
aggregations should be shown in detail.
· 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 · Not applicable as surface sampling is reconnaissance in nature.
of Exploration Results.
· If the geometry of the mineralisation with respect to the drill
hole angle is known, its nature should be reported.
· 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 not known').
Diagrams · Appropriate maps and sections (with scales) and tabulations of · All the appropriate maps are provided in the body of this
intercepts should be included for any significant discovery being reported announcement.
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 announcement discusses the findings of recent
practicable, representative reporting of both low and high grades and/or reconnaissance sampling and associated assays.
widths should be practiced to avoid misleading reporting of Exploration
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · Previous Drilling completed by Artemis Resources, Legend Mining
reported including (but not limited to): geological observations; geophysical and Open Pit Mining
survey results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical Titan Prospect
and rock characteristics; potential deleterious or contaminating substances.
· Limited historic work completed including 1 drill hole by
Legend Mining Ltd for a total depth of 50m (GC19). This hole is located
approximately 750m NE of the recently returned positive Au rock chips and
Titan high-grade vein discovery. No assay data records have been located for
this historic drill hole.
Carlow Castle Prospect
· Carlow Inferred Resource 704,000Au Eq @ 2.5g/t Au Eq from
8.74MT (refer to ASX announcement 13(th) Oct 2022 Drillhole data comprised
65,355 m, consisting of 58,261 m of RC and 7,094 m diamond holes.
Chapman & Thorpe Prospects (previously known as Good Luck and Little
Fortune)
Historical work completed by Open Pit Mining NL (between 1985 & 1987) and
Legend Mining NL.
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.
· Total of 19 drill holes completed at Chapman prospect for
a total 4,847.3m including 18 RC (4,673m) and 1 Diamond drill hole (174.3m) -
best intercept included 10m @ 3.4% Cu & 1.75g/t Au from 116m (GLC007).
Results are encouraging however considered preliminary in nature
· Total of 8 RC drill holes completed at Thorpe Prospect
for a total of 2,017m - best intercept included 6m @ 0.85% Cu from 20m
including 3.6% Cu & 2.33g/t Au from 23m (LFC007). (refer to ASX
announcement 06 December 2021) Results are encouraging however considered
preliminary in nature
Lulu Prospect (previously known as Carlow West)
· Total of 126 RC drill holes completed at Lulu Prospect
for a total of 3694m. Best intercepts include
o 2m @ 1.63 g/t Au from 34m in CWRC006
o 1m @ 4.89 g/t Au from 24m in CWRC011
o 1m @ 1.15 g/t Au from 9m in CWRC017
(refer to ASX announcement 18(th) September 2020). Results are encouraging
however considered preliminary in nature
SingWell - Sing 6 Prospects
· Total of 14 RC drill holes completed for a total of
376m. Best intercept included 2m @ 0.97g/t Au from 9m (SSRC007) (refer to
ASX announcement 18(th) September 2020
Geochemical sampling and geological mapping were completed by Artemis
Resources and reported to the ASX on 5th November 2018.
Historic drilling completed by Legend Mining Ltd across Carlow Licence area
(E47/1797)
· 124 drill holes for a total of 3158m, 77 drill holes with
assays. Validation & compilation of historic data is ongoing.
Further work · The nature and scale of planned further work (eg tests for · Artemis Resources plans to conduct further ground
lateral extensions or depth extensions or large-scale step-out drilling). reconnaissance and sampling in the short term to determine the surface extent
both laterally and along strike and also the economic potential of the
· Diagrams clearly highlighting the areas of possible extensions, prospect. Trenching and drilling will also be undertaken if warranted.
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
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