Clarification statement - Titan prospect

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.

 

A map with black and red squares Description automatically generated

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


1.95

GLC002


58

59

1

0.01

0.34

2.50

GLC002


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


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


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

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


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


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, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·       Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·       Aspects of the determination of mineralisation that are Material to the Public Report.

·       In cases where 'industry standard' work has been done this 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 fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

·       Samples referred to in this report are obtained from random in-situ rock chip samples collected by Artemis Resources during field reconnaissance exercises.  Rock chips containing visible gold has been selectively sampled.  Sampling also undertaken across historic workings and mullocks heaps. 

·       The random rock chip samples are irregularly spaced which is considered appropriate for "regional-scale" reconnaissance-level gold exploration.

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

·       Samples were dispatched to ALS Global Laboratories in Perth for analysis.

·       Analysis included:

-       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, 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 type, whether core is oriented and if so, by what method, etc).

·       Not applicable, as no drilling was undertaken.

·       No mention is made in this announcement of exploration results including drilling conducted by other companies on nearby tenements.

Drill sample recovery

·       Method of recording and assessing core and chip sample recoveries and results assessed.

·       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.

·       Not applicable as no details on any drilling carried out by Artemis Resources are included in this announcement.

 

Logging

·       Whether core and chip samples have been geologically and 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.

·       Not applicable due to the reconnaissance nature of the sampling.

 

Sub-sampling techniques and sample preparation

·       If core, whether cut or sawn and whether quarter, half or all core taken.

·       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.

·       No sub sampling of rock chip samples has been undertaken as part of this program.

 

Quality of assay data and laboratory tests

·       The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·       For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

·       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.

·       Rock chip samples were dispatched to ALS Global Laboratories in Perth for analysis using their ME_MS61L (48 elements), and Au-AA26 (1 element) for 49 elements in total.

·       The laboratory reported the use of standards and blanks as part of the analyses for QA/QC.

·       No standards or blanks were submitted by the company.

 

Verification of sampling and assaying

·       The verification of significant intersections by either independent or alternative company personnel.

·       The use of twinned holes.

·       Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·       Discuss any adjustment to assay data.

·       Rock chip sample and geological information is recorded in the field with co-ordinates saved from handheld GPS used in the field.

·       All rock chip samples were inspected and described by Artemis geologists in the field.

·       Field data is entered into Fulcrum App before being loaded into a database.

·       No analytical result adjustments have been applied.

 

Location of data points

·       Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·       Specification of the grid system used.

·       Quality and adequacy of topographic control.

·       Sample points were determined by hand held GPS which is considered appropriate for the reconnaissance nature of the sampling.

·       All sample location coordinates are provided in the Geocentric Datum of Australia (GDA94 Zone 50).

 

Data spacing and distribution

·       Data spacing for reporting of Exploration Results.

·       Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

·       Whether sample compositing has been applied.

·       Not applicable due to the reconnaissance nature of the sampling.

·       No attempt has been made to demonstrate geological or grade continuity between sample points.

·       No sample compositing is applied to samples.

 

Orientation of data in relation to geological structure

·       Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·       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.

·       Samples were collected from outcropping veins where possible, some samples were taken from historic workings and Mullock heaps where it was not practical to retrieve in situ samples.  If visible gold in vein material is observed this material have been sampled

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 - 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 agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

·       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.

·       The  project tenement covers an area of 126km2 and comprises granted tenement: E47/1746

·       All Artemis Project tenures are 100% owned by Artemis Resources subsidiary company KML No 2 Pty Ltd E47/1746 & E47/1797 with the exception of E47/3719 which is subject to a GreenTech Metals/Artemis Resources 51%/49% 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 the 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.

·       Not applicable as no drilling has been undertaken

Data aggregation methods

·       In reporting Exploration Results, weighting averaging 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.

·       Not applicable as no data aggregation has been used.

Relationship between mineralisation widths and intercept lengths

·       These relationships are particularly important in the reporting 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').

·       Not applicable as surface sampling is reconnaissance in nature.

Diagrams

·       Appropriate maps and sections (with scales) and tabulations of 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.

·       All the appropriate maps are provided in the body of this announcement.

Balanced reporting

·       Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

·       This announcement discusses the findings of recent reconnaissance sampling and associated assays.

Other substantive exploration data

·       Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical 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.

·       Previous Drilling completed by Artemis Resources, Legend Mining and Open Pit Mining

Titan Prospect

·       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 13th 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

2m @ 1.63 g/t Au from 34m in CWRC006

1m @ 4.89 g/t Au from 24m in CWRC011

1m @ 1.15 g/t Au from 9m in CWRC017

(refer to ASX announcement 18th 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 18th 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 lateral extensions or depth extensions or large-scale step-out drilling).

·       Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

·       Artemis Resources plans to conduct further ground reconnaissance and 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 drilling will also be undertaken if warranted.

 

 


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