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REG - Artemis Resources Ld - Rock chip assay results

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RNS Number : 0481S  Artemis Resources Limited  12 June 2024

12 June 2024

 

Artemis Resources Limited

 

("Artemis" or the "Company")

 

Rock chip ASSAYS return 6.93 g/t Au and 10.85% Cu,

multiple Gold nuggets discovered

 

Highlights:

 

·    Recent ground reconnaissance confirms prospective gold and copper
targets across Artemis' licence tenure

 

·    Nickol River Hill South delivers high grade gold assay of 6.93 Au g/t
in rock chips, inclusive of a peak copper assay of 10.85% Cu

 

·    21 gold nuggets observed at Sing-Six prospect in surficial cover with
physical characteristics suggesting close to hard rock source

 

·    Further exploration plans under development

 

Artemis Resources Limited ('Artemis' or the 'Company') (ASX/AIM: ARV) is
pleased to announce positive results from a ground reconnaissance program
testing gold targets within the Company's tenure located in the Pilbara region
of Western Australia.

Executive Director George Ventouras commented: "We are very pleased with the
results of this small program as we begin to delve into the prospectivity of
the numerous gold targets contained within our tenements.

Numerous targets have been identified and we are planning to conduct further
work around each of these as well as seeking to extend the known mineralised
areas across the tenements. We believe further work will result in the
delineation of additional prospects that will be developed into attractive
drill targets."

Figure 1.  Artemis tenements in the West Pilbara.

Figure 2.  Artemis tenements in the West Pilbara and current gold prospects.

 

Ground reconnaissance work was undertaken as part of the Company's initial
exploration across known historic gold occurrences to assist with validation
of some target areas.

This work has confirmed mineralisation in association with multiple
licence-wide structural trends.

Figure 3. Location of significant rock chip assay results and gold nuggets
with structures and faults noted

Figure 4. Iron-oxide-quartz rock chip sample (24AR05-024) collected from
mullock heaps around historic workings at the Nickol River Hill South
prospect, featuring assay results of 6.93 g/t Au, 88.6 g/t Ag, 10.85% Cu and
7.54% Zn

 

The rock chips collected were taken proximate to previously identified
targets, including specimens taken from historic workings to confirm
mineralisation at these locations.

Significant rock chip assay results received from the recently completed field
program are listed in the table below.

 

 Location                 Sample No    Easting    Northing    Au GPT  Cu%     ZN%    Ag GPT
 Nickol River Hill South  24AR05-024*  495471.00  7686229.00  6.93    10.850  7.540  86.6
 Sing-Well prospect       24AR05-039   499039.00  7695747.00  3.27    0.008   0.062  0.39
 Sing-Six prospect        24AR05-038*  497985.00  7695133.00  1.51    0.004   0.002  0.22
 Orpheus Prospect         24AR05-044   499775.00  7687406.00  0.89    1.850   6.980  9.44
 Lulu Creek prospect      24AR05-031   487025.00  7695845.00  0.65    0.003   0.004  7.15
 Sing-Six Prospect        24AR05-037   498045.00  7695294.00  0.45    0.030   0.013  0.21
 Lulu Creek Prospect      24AR05-028   489391.00  7696489.00  0.23    0.014   0.033  0.52

*Indicates rock chip sample taken from Mullocks pile.

Table 1. Highlighted rock chip assay results

 

These rock chip sampling results are encouraging with anomalous results across
the Company's portfolio of prospects. Artemis is particularly pleased to have
encountered multicommodity results at the Nickol River Hill South prospect,
strong gold and silver  results at the Lulu Creek prospect and significant
gold at the Sing-Six/Sing Well prospect.

The mineralisation occurs as veining which appears to be structurally
controlled and associated with multiple shear zones. These shear zones appear
to form major structural corridors across the licence area.  Assessment of
these structural corridors will form the basis of forthcoming field
activities.

 

Sing-Six Gold Nuggets

A very preliminary assessment for coarse grain gold in surface cover was
completed using a gold detector at the Sing-Six prospect.  This work tested a
relatively small area of approximately 25m x 25m in proximity to historic hard
rock gold vein workings.

Results returned 21 gold nuggets (totalling 9.7gms) up to 15mm in width.

The physical characteristics of the gold include a majority with a high degree
of angularity which indicates that they are very close and/or proximal to the
likely hard rock source.

Furthermore, some of the gold nuggets occur with attached quartz and iron
oxides which compare to the mineralogy of the nearby gold bearing veins.

The Company views the discovery of these nuggets as a tool to assist with
near-surface targeting of hard rock gold occurrences, which is now being
considered.

Figure 5. Twenty-one gold nuggets collected (sample 24AR06-001) from the
Sing-Six Prospect using metal detector.  The physical characteristics of
these nuggets indicate a likely 'close to source' relationship and how the
discovery of these nuggets can further assist surface targeting toward in-situ
and hard rock gold occurrences is currently being evaluated.

 

 

 

 

 

 

Next Steps:

Following the completion of this small reconnaissance program, the Company now
plans to execute further field programs to evaluate these broad structural
zones and these emerging targets.

Furthermore, consideration is being given to expand exploration and build upon
the existing resource at Carlow which contains a mineral resource estimate of
704,000oz Au/Eq(1).

Results from this preliminary program have also provided further confidence
for future drilling programs and an initial first target area to be drilled is
the Lulu Creek prospect, for which the Company was the recipient of a
government grant for co-funded drilling(2).

The Company continues to progress plans to undertake heritage surveys covering
the Lulu Creek gold prospect and the Mt Marie lithium prospect.  Further
updates will be provided shortly with the commencement dates for these
surveys.

 

 

This announcement was approved for release by the Board.

For further information on the Company, please
visit www.artemisresources.com.au (http://www.artemisresources.com.au/)  or
contact:

 Artemis Resources Ltd
 Guy Robertson, Chairman                        info@artemisresources.com.au

 George Ventouras, Executive Director

 WH Ireland Limited (Nomad & 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 gold, copper and
lithium focused resources company with projects in Western Australia. The Mt
Marie Lithium Prospect, the Osborne Lithium JV (Artemis 49%; GreenTech Metals
(ASX:GRE) 51%) and the Karratha Gold Project (inclusive of the Carlow
gold-copper-cobalt project) in the West Pilbara; and the Paterson Central
Gold/Copper project in the Paterson Province (located adjacent to Greatland
Gold / Newmont's recent gold-copper discovery at Havieron and only ~42km from
the Newmont Telfer gold mine).

Artemis also owns the Radio Hill processing plant, located only 35km from
Karratha.

For more information, please visit www.artemisresources.com.au
(http://www.artemisresources.com.au)

 

 

 

 

(1)ASX Announcement, Artemis Resources Ltd, 13 October 2022

(2)ASX Announcement, Artemis Resources Ltd, 13 November 2023

Competent Person Statement

The information in this report that relates to exploration results was
prepared by;

Mr Oliver Hirst, a Competent Person who is a member of the Australasian
Institute of Mining and Metallurgy (MAusIMM). Mr Hirst is a technical
consultant to Artemis Resources. Mr Hirst has sufficient experience that is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken 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 Hirst consents
to the inclusion in this report of the matters based on his information in the
form and context in which it appears.

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.

Appendix

Table 1 Rock chip assay results from the 2024 field reconnaissance work

 Sample_No    Tenement   Easting  Northing  RL  Au ppm   Cu ppm                         Zn ppm                     Ag ppm
 24AR05-001   E 47/1746  499809   7687476   52  0.01          1,295.00                          26.60                      0.05
 24AR05-002   E 47/1746  499809   7687474   55  0.05             111.50                         99.10                      0.52
 24AR05-003   E 47/1746  499822   7687444   58  0.005              27.20                        24.50                      0.03
 24AR05-004   E 47/1746  499451   7687157   60  0.005              36.30                        69.10                      0.17
 24AR05-005   E 47/1746  499447   7687139   60  0.005              20.90                        67.70                      0.02
 24AR05-006   E 47/1746  499444   7687092   63  0.01               13.05                        13.20                      0.01
 24AR05-007   E 47/1746  498812   7686919   63  0.005              57.30                        41.80                      0.05
 24AR05-008   E 47/1746  498833   7686951   62  0.005              26.20                        40.00                      0.03
 24AR05-009   E 47/1746  498820   7686916   60  0.005              30.40                        14.10                      0.04
 24AR05-010   E 47/1746  498796   7686857   62  0.005              11.40                          7.30                     0.07
 24AR05-011   E 47/1746  498790   7686861   58  0.005                7.67                       11.80                      0.03
 24AR05-012   E 47/1746  497690   7687006   55  0.04                 3.23                         4.30                     0.02
 24AR05-013   E 47/1746  496894   7686649   55  0.04               80.10                      171.00                       0.08
 24AR05-014   E 47/1746  496890   7686660   54  0.005              21.50                        72.10                      0.09
 24AR05-015   E 47/1746  495126   7685345   54  0.005              11.40                      281.00                       0.13
 24AR05-016   E 47/1746  495150   7685374   53  0.05             434.00                       310.00                       0.59
 24AR05-017   E 47/1746  495465   7686219   47  0.02             333.00                   7,960.00                         0.31
 24AR05-018   E 47/1746  495450   7686237   75  0.005            163.00                         94.90                      0.06
 24AR05-019   E 47/1746  495447   7686246   59  0.005         1,095.00                          54.10                      0.11
 24AR05-020   E 47/1746  495492   7686273   56  0.005                8.64                       94.90                      0.03
 24AR05-021   E 47/1746  495488   7686259   56  0.005              14.25                        17.40                      0.04
 24AR05-022   E 47/1746  495481   7686244   57  0.005              16.70                        21.20                      0.02
 24AR05-023   E 47/1746  495477   7686236   56  0.16          1,335.00                    6,250.00                         3.52
 24AR05-024*  E 47/1746  495471   7686229   57  6.93     108,500.00                     75,400.00                        86.60
 24AR05-025   E 47/1746  495451   7686181   54  0.005              30.80                        49.10                      0.05
 24AR05-026   E 47/1746  495474   7686161   54  0.005            109.50                       146.00                       0.08
 24AR05-027   E 47/1746  489398   7696497   52  0.04          1,535.00                    1,055.00                         1.24
 24AR05-028   E 47/1746  489391   7696489   55  0.23             138.50                       332.00                       0.52
 24AR05-029   E 47/1746  489391   7696490   55  0.005                5.61                       10.40                      0.01
 24AR05-030   E 47/3719  488200   7695928   37  0.005              71.30                        40.80                      0.14
 24AR05-031   E 47/3719  487025   7695845   38  0.65               34.60                        35.10                      7.15
 24AR05-037   E 47/1746  498045   7695294   50  0.45             304.00                       129.50                       0.21
 24AR05-038*  E 47/1746  497985   7695133   43  1.51               40.10                        24.30                      0.22
 24AR05-039   E 47/1746  499039   7695747   63  3.27               75.20                      622.00                       0.39
 24AR05-040   E 47/1746  499449   7695664   52  0.01             655.00                         80.70                      0.08
 24AR05-041*  E 47/1746  499448   7695662   51  0.04                 6.44                       42.00                      0.04
 24AR05-042   E 47/1797  505873   7699464   43  0.02                 8.40                       36.50                      0.04
 24AR05-043   E 47/1797  505873   7699465   43  0.005              23.60                          6.60                     0.03
 24AR05-044   E 47/1746  499775   7687406   59  0.89       18,500.00                    69,800.00                          9.44
 24AR05-045   E 47/1746  499800   7687386   63  0.005              26.20                        72.30                      0.08
 24AR05-046   E 47/1746  499799   7687410   61  0.005              17.95                        43.30                      0.03

 

Table 2 Metal detector results from Sing-6 Prospect

 Sample ID   Sample test area  Easting  Northing  Metal detected number of gold nuggets  Gold nuggets total weight metal detected (grams)
 24AR06-001  25mx25m           498025   7695328   21                                     9.7

 

 

JORC Code, 2012 Edition - Table 1 report

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, or           ·    Samples referred to in this report are obtained from random in-situ
                                                          specific specialised industry standard measurement tools appropriate to the      (38) and workings/mullock (3) rock chip samples collected by Artemis Resources
                                                          minerals under investigation, such as down hole gamma sondes, or handheld XRF    during field reconnaissance exercises.
                                                          instruments, etc). These examples should not be taken as limiting the broad

                                                          meaning of sampling.                                                             ·    The random rock chip samples are irregularly spaced which is

                                                                                considered appropriate for preliminary "regional-scale" reconnaissance-level
                                                          ·    Include reference to measures taken to ensure sample representivity         gold exploration.
                                                          and the appropriate calibration of any measurement tools or systems used.

                                                                                ·    Rock chips are random, subject to bias and often unrepresentative for
                                                          ·    Aspects of the determination of mineralisation that are Material to         the typical widths required for economic consideration. They are by nature
                                                          the Public Report.                                                               difficult to duplicate with any acceptable form of precision or accuracy.

                                                          ·    In cases where 'industry standard' work has been done this would be         ·    Samples were dispatched to ALS Global Laboratories in Perth for
                                                          relatively simple (eg 'reverse circulation drilling was used to obtain 1 m       analysis.
                                                          samples from which 3 kg was pulverised to produce a 30 g charge for fire

                                                          assay'). In other cases more explanation may be required, such as where there    ·    Analysis included:
                                                          is coarse gold that has inherent sampling problems. Unusual commodities or

                                                          mineralisation types (eg submarine nodules) may warrant disclosure of detailed   -       Au-AA26 - Au 50g FA AA finish
                                                          information.

                                                                                                                                           -       ME-MS61L-REE - 60 element four acid digestion and ICP-MS finish.
                                                                                                                                           Trigger default overlimit method for Cu,Co, Zn and Ag was requested.

                                                                                                                                           ·      Mine Lab GPZ7000 metal detector used to assess for nugget gold in
                                                                                                                                           surface material

                                                                                                                                           ·      Metal detector survey completed across an approximate 25mx25m
                                                                                                                                           area in surface material and in proximity with historic mullock heap/workings.

                                                                                                                                           ·      A small 1.8 tonne excavator was used to disturb and fragment hard
                                                                                                                                           capped surface material prior to survey

                                                                                                                                           ·      Survey method coverage is approximate only as no gridding was
                                                                                                                                           used.  Results therefore may be underrepresented.

                                                                                                                                           ·      Nuggets were cleaned using HCl10% and water.

                                                                                                                                           ·      Nuggets weighed using Uniweigh digital scales (2 decimal places)
                                                                                                                                           with 50gm calibration weight

                                                                                                                                           ·      Physical characteristics of nuggets assessed using 10X hand-lens
 Drilling techniques                                      ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary          ·    Not applicable, as no drilling was undertaken.
                                                          air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or

                                                          standard tube, depth of diamond tails, face-sampling bit or other type,          ·    No mention is made in this announcement of exploration results
                                                          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 recoveries and       ·    Not applicable as no details on any drilling carried out by Artemis
                                                          results assessed.                                                                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 sampling.
                                                          geotechnically logged to a level of detail to support appropriate Mineral

                                                          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 core          ·    No sub sampling of rock chip samples has been undertaken as part of
                                                          taken.                                                                           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 Perth
                                                          laboratory procedures used and whether the technique is considered partial or    for analysis using their ME_MS61L (48 elements), MS61L-REE (12 elements) and
                                                          total.                                                                           Au-AA26 (1 element) for 61 elements in total. This technique is considered

                                                                                total for elements assayed.
                                                          ·    For geophysical tools, spectrometers, handheld XRF instruments, etc,

                                                          the parameters used in determining the analysis including instrument make and    ·    The laboratory reported the use of standards, blanks and duplicates
                                                          model, reading times, calibrations factors applied and their derivation, etc.    as part of the analyses for QA/QC. Lab QAQC results have been reviewed by the

                                                                                Competent Person who considers the results to be within acceptable limits.
                                                          ·    Nature of quality control procedures adopted (eg standards, blanks,         Therefore, the assay results presented are considered valid, accurate and
                                                          duplicates, external laboratory checks) and whether acceptable levels of         correct.
                                                          accuracy (ie lack of bias) and precision have been established.

                                                                                                                                           ·    No standards or blanks were submitted by the company.

                                                                                                                                           ·    The analytical techniques and quality control protocols used are
                                                                                                                                           considered appropriate for the data to be used.

 Verification of sampling and assaying                    ·    The verification of significant intersections by either independent         ·    Rock chip sample and geological information was recorded in the field
                                                          or alternative company personnel.                                                with coordinates 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 Excel spreadsheets before being stored

                                                                                into an in-house developed Access data management system.
                                                          ·    Discuss any adjustment to assay data.

                                                                                                                                           ·    Original lab certificates have been stored electronically.

                                                                                                                                           ·    No analytical result adjustments have been applied. Below detection
                                                                                                                                           limit data presented as ½ of the lower detection limit of the method and over
                                                                                                                                           the detection limit results presented as the upper detection limit of the
                                                                                                                                           method if OG method result not available.

                                                                                                                                           ·

 Location of data points                                  ·    Accuracy and quality of surveys used to locate drill holes (collar          ·    Sample points were determined by hand-held GPS which is considered
                                                          and down-hole surveys), trenches, mine workings and other locations used in      appropriate for the reconnaissance nature of the sampling.
                                                          Mineral Resource estimation.

                                                                                ·    All sample location coordinates are provided in the Geocentric Datum
                                                          ·    Specification of the grid system used.                                      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        ·    No attempt has been made to demonstrate geological or grade
                                                          the degree of geological and grade continuity appropriate for the Mineral        continuity between sample points.
                                                          Resource and Ore Reserve estimation procedure(s) and classifications 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 of           ·    Samples were collected from outcropping veins where possible, some
                                                          possible structures and the extent to which this is known, considering the       samples were taken from historic Mullocks piles where it was not practical to
                                                          deposit type.                                                                    retrieve in situ samples.

                                                          ·    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 data.       ·    No review of the sampling techniques has been undertaken.

Section 2 Reporting of Exploration Results

(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 granted
                                                                   agreements or material issues with third parties such as joint ventures,         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 with         of E47/3719 which is subject to a GreenTech Metals/Artemis Resources 51%/49%
                                                                   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.               ·    The rock chip sample program was planned identifying historic
                                                                                                                                                    reported anomalous gold (Au) occurrences from rock chip samples. Some of the
                                                                                                                                                    Au anomalies are associated with anomalous Copper (Cu), Silver (Ag) and Zinc
                                                                                                                                                    (Zn).
 Drill hole Information                                            ·    A summary of all information material to the understanding of the           ·    Not applicable as no drilling has been undertaken
                                                                   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 techniques,           ·    Not applicable as no data aggregation has been used.
                                                                   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 of          ·    Not applicable as surface sampling is reconnaissance in nature.
                                                                   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 reconnaissance
                                                                   practicable, representative reporting of both low and high grades and/or         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               ·    All the meaningful exploration data has been included in the body of
                                                                   reported including (but not limited to): geological observations; geophysical    this announcement.
                                                                   survey results; geochemical survey results; bulk samples - size and method of

                                                                   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          ·    Artemis Resources plans to conduct further ground reconnaissance and
                                                                   extensions or depth extensions or large-scale step-out drilling).                sampling in the short term to determine the surface extent both laterally and

                                                                                along strike and also the economic potential of the prospect. Trenching and
                                                                   ·    Diagrams clearly highlighting the areas of possible extensions,             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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