TIDMARV
RNS Number : 0478V
Artemis Resources Limited
29 November 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH
IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMED ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Artemis Resources Limited
("Artemis" or the "Company")
(ASX/AIM: ARV, FRA: ATY, US: ARTTF)
MAIDEN DIAMOND DRILL HOLE COMPLETED AT OSBORNE JV
DRILLING CONTINUES AT OSBORNE AND KOBE PEGMATITE TRS
Highlights:
-- Osborne pegmatites intersected in stratigraphic diamond hole - hole completed at 810.2m depth
-- Pegmatite intersections up to 24.6m thick, approx. 550m down
dip of Osborne lithium pegmatite surface outcrops
-- Three zones identified down dip of Wally and Osborne targets
each comprising multiple stacked occurrences of pegmatite
-- Heritage report for the recently completed initial heritage
survey has been received enabling access for drilling at Osborne
and Kobe
-- XRD analyses have previously confirmed spodumene bearing pegmatite at Osborne and Kobe
-- Diamond drilling is continuing at the Osborne JV (GRE 51%; ARV 49%)
-- The Osborne West Pilbara lithium project is to the west of
and in proximity to Azure Minerals (ASX: AZS) Andover Discovery
Artemis Resources Ltd (ASX/AIM: ARV) (Artemis or the Company) is
pleased to advise that the lithium pegmatite focused maiden Diamond
Drilling (DDH) program at the Osborne JV tenement E47/3719, a joint
venture (51% GRE: 49% ARV) held with Greentech Metals Ltd (ASX:
GRE) is continuing as planned with the first hole completed to a
depth of 810.2m.
Executive Director George Ventouras commented: "This first
diamond hole is the culmination of extensive ground reconnaissance
and analysis by the technical team. It is a confirmation of the
rock chip and soil sampling results that have been achieved to date
and suggests that we are on the right exploration pathway. We are
looking forward to continuing with the drilling program and to
further confirm the extent of lithium mineralisation".
Several more diamond drill holes will be completed as part of
this maiden drill program. These drill holes will be sited at both
the Osborne and Kobe pegmatite trends within the Osborne JV
tenement, aimed at providing stratigraphic/structural information
and subsurface characteristics of these pegmatite zones. This data
will assist with refining the detailed follow-up drill program
scheduled for early next year.
Details of Drill hole 23GTDD001
The initial drill hole 23GTDD001 was sited to the north of the
Southern Pegmatite zone (Table 1) at a location previously heritage
cleared for drilling. The hole was drilled to the south at a
declination of 40(O) to primarily test the Osborne trend and also
intersect the Wally trend albeit in a position where surface
mapping indicates the Wally trend is attenuated (Figures 1 and 2).
The hole was designed to further understand host rock geology and
test down dip structural controls of surface outcropping lithium
pegmatites previously identified from recently completed mapping
and chip sampling programs. The drill hole was terminated at 810.2m
depth, still within mineralisation.
The Southern LCT pegmatite zone sits within the Osborne JV
Project tenements and comprises a total combined 4km of pegmatite
strike along which previous rock chip samples have returned assay
results of up to 3.63% Li(2) O(1) .
The initial observations from this drill hole appear very
encouraging and are summarised as follows:
-- Multiple zones of north dipping stacked pegmatites have been
identified down dip of Wally and Osborne.
-- Individual pegmatite drill hole intersection widths range up to 24.6m
-- A zone at least 57m wide comprising a series of closely
stacked pegmatites has been intersected below 753m depth.
-- Preliminary interpretation suggests the Osborne pegmatite
outcrop zone extends from surface down dip for at least 550m.
-- Hole terminated within a pegmatite zone at 810.20m indicating
the system remains open at depth
Detailed logging and sampling of 23GTDD001 has commenced and
samples will be submitted for analysis this week.
(1) ASX Announcement, Artemis Resources, 24 July 2023
Photo 1: Part section of 24.6m drill intersect of
mica-quartz-feldspar pegmatite zone between 674m to 698.6m depth
(Drill hole 23GTDD001). Intercept width approximates true
thickness. Preliminary interpretation suggests this correlates with
the southern surface expression of the Osborne pegmatite zone
located approximately 550m up dip from this intersection.
Forward Exploration Program
A second diamond drill hole in the Southern Pegmatite Zone
designed to test a thicker part of the Wally trend approximately
350m east of 23GTDD001 (Figure 1) is already underway. Further, it
is intended that another two stratigraphic diamond drill holes will
look to be completed on the Kobe Zone as part of this maiden
program with all diamond drilling in this first program is situated
within the JV tenement.
A follow-up RC drill program is anticipated to commence in the
first quarter of 2024. The design and implementation of this more
detailed drill program will incorporate results and information
gained from the current drill program. Approved programs of work
(PoW's) and heritage clearances which facilitate current and future
drill programs on the project tenements have been received.
The Company is looking forward to continuing the exploration
efforts at the Osborne JV tenement and will distribute all results
and assays to market after they are received and assessed.
The Company will also be continuing with exploration activities
on its 100% owned tenure which is likely to include mapping, soil
and rock chip sampling together with analysis of aerial
imagery.
Technical information included in this announcement has
previously been provided to the market in releases dated:
7 July 2023 Further High Grade Lithium Encountered at Ruth Well
10 July 2023 Lithium Bearing Pegmatites Identified West Pilbara JV
24 July 2023 Further High-Grade Lithium Assays Reported At Osborne JV
1 September 2023 Analysis Confirms Spodumene at Osborne JV
5 September 2023 New Lithium Targets at Ruth Well and Osborne JV
5 October 2023 Multiple Pegmatites ARV Ground & Further Osborne JV Results
30 October 2023 Further High Grade Rock Chip Samples - Osborne Lithium JV
6 November 2023 Drilling Commences Osborne Joint Venture Lithium project
This announcement has been approved for release by the
Board.
S
For Further information contact:
Artemis Resources Limited
Guy Robertson via Camarco
info@artemisresources.com.au
WH Ireland Limited (Nominated Adviser and Broker)
Antonio Bossi / James Bavister / Isaac Hooper Tel: +44 20 7220 1666
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) Artemis
Resources Limited is a gold, copper and lithium focused resources
company with three major projects in Western Australia; the Greater
Carlow Castle gold-copper-cobalt project in the West Pilbara; the
Paterson Central project in the Paterson Province (located adjacent
to Greatland Gold / Newcrest's recent gold-copper discovery at
Havieron; and the Osborne JV (Artemis 49%; GreenTech Metals
(ASX:GRE) 51%) in the West Pilbara.
Artemis also owns the Radio Hill processing plant, the only
processing plant in the West Pilbara region, 35km from
Karratha.
For more information, please visit
www.artemisresources.com.au
Competent Person Statement
Adrian Hell, BSc (Hons), MSc, 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.
*
* Heritage Cleared in 2022 for Osborne nickel project
Figure 1. Diamond Drill hole Plan showing drill hole traces -
Osborne and Wally Targets
Figure 2 : Schematic Cross Section 23GTDD001
Figure 3. Historic Soil Geochemistry and recently Mapped
Pegmatite Swarms highlighting Northern & Southern Pegmatite
Figure 4. Historic Soil Geochemistry and recently Mapped
Pegmatite Swarms highlighting Southern Pegmatite Trends at Osborne
JV
Figure 5. Artemis Resources' Project Location, West Pilbara Region
Appendix
Table 1 : Details of Diamond Drilling
Drill Hole Location RL(m) Depth Dip Azimuth
ID
GDA East GDA North
--------- ----------
23GTDD001 493160 7691875 45.4 810.2 -40 176
--------- ---------- ------ ------------ ---- --------
23GTDD002 493509 7691879 38.9 Planned 300 -50 195
--------- ---------- ------ ------------ ---- --------
Notes
Coordinate system GDA94z50, obtained by handheld GPS, accuracy
+/- 3m
JORC Code, 2012 Edition - Table 1 report template
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Sampling * Not Applicable
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.
Drilling
techniques * Drill type (eg core, reverse circulation, open-hole * Not applicable.
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 * This announcement relates in part to drilling carried
other type, whether core is oriented and if so, by out by Artemis Resources Ltd and Greentech Metals Ltd
what method, etc). as partners to the JV for which no laboratory results
are available.
* No mention is made in this announcement of
exploration drilling sample results including
drilling conducted by other companies on nearby
tenements.
Drill sample
recovery * Method of recording and assessing core and chip * Diamond drilling was undertaken by Artemis/Greentech
sample recoveries and results assessed. as part of the JV but no laboratory results are
available and are not discussed or 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 * No drill core sample assay results are available and
and geotechnically logged to a level of detail to hence these are not discussed in this announcement.
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 * No sampling of drill core has been completed
techniques * If core, whether cut or sawn and whether quarter,
and sample half or all core taken.
preparation
* 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 * The nature, quality and appropriateness of the * No sampling of drill core has been completed .
data and assaying and laboratory procedures used and whether
laboratory the technique is considered partial or total.
tests
* 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 (e.g.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
established.
Verification * Not Applicable
of sampling * The verification of significant intersections by
and assaying 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.
Location
of data * Accuracy and quality of surveys used to locate drill * Sample points were determined by hand held GPS which
points holes (collar and down-hole surveys), trenches, mine is considered appropriate for the reconnaissance
workings and other locations used in Mineral Resource nature of the sampling.
estimation.
* Specification of the grid system used.
* Quality and adequacy of topographic control.
Data spacing
and * Data spacing for reporting of Exploration Results. * Not applicable.
distribution
* 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.
Orientation
of data * Whether the orientation of sampling achieves unbiased * Not applicable
in relation sampling of possible structures and the extent to
to which this is known, considering the deposit type.
geological * The sampling of drill core has yet to be completed
structure and is not discussed in this announcement.
* 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 * No review of the sampling techniques has been
techniques and data. undertaken.
============= ============================================================ ==============================================================
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this
section.)
Mineral
tenement * Type, reference name/number, location and ownership * Tenement E47/3719 is subject to a Greentech
and land including agreements or material issues with third Metals/Artemis Resources 51%/49% Joint Venture
tenure status parties such as joint ventures, partnerships,
overriding royalties, native title interests,
historical sites, wilderness or national park and * The tenements are in good standing with DMIRS and
environmental settings. there are no known impediments for exploration on
these tenements.
* 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.
Exploration
done by * Acknowledgment and appraisal of exploration by other * Numerous exploration parties have held the area
other parties parties. covered by the current Osborne JV tenure previously.
There is no reported previous exploration for lithium
bearing pegmatites on the tenements.
* No other exploration companies generated data was
used in this release.
* Regional RTP aeromagnetics and geology from
Geological Survey of WA.
* The area was previously explored by Fox Resources Ltd
and Artemis Resources Ltd with both focussed on
nickel exploration.
Geology
* Deposit type, geological setting and style of * The lithium bearing pegmatite zone trends WNW-ESE and
mineralisation. is hosted by strongly sheared sediments of the Regal
Formation.
* The pegmatites occur as intermittent lenses in
strongly sheared sediments assigned to the Regal
Formation and are located approximately 3km to the
north of the Sholl Shear Zone.
* The pegmatites are steeply dipping and up to 20m
wide.
* The project area is underlain by the Archean Pilbara
Craton, specifically the West Pilbara Superterrane
(WPST) of Hickman (2016). The 3280-3070 Ma WPST
comprises numerous tectonostratigraphic packages
(Sholl, Regal and Karratha Terranes and the Whundo
and Nickol River Basins) and igneous complexes that
have been variously affected by several tectonic
events. The easterly to east-north easterly trending
Sholl Shear Zone (SSZ) is a boundary for the regional
rock packages. Metamorphic grade is higher to the
north of the SSZ, suggesting the present-day surface
shows a slightly deeper crustal level on the north
side.
Drill hole
Information * A summary of all information material to the * Details of the drill hole discussed in this
understanding of the exploration results including a announcement is included in the announcement
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 * Not applicable
aggregation * In reporting Exploration Results, weighting averaging
methods techniques, maximum and/or minimum grade truncations
(e.g. 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 * These relationships are particularly important in the * Not applicable as surface sampling is reconnaissance
mineralisation reporting of Exploration Results. in nature.
widths and
intercept
lengths * 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 (e.g. 'down hole length, true width not
known').
Diagrams
* Appropriate maps and sections (with scales) and * All the appropriate maps are provided in the body of
tabulations of intercepts should be included for any this announcement.
significant discovery being reported 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 * This announcement discusses the findings of recent
Results is not practicable, representative reporting reconnaissance sampling and associated assays.
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Other
substantive * Other exploration data, if meaningful and material, * All the meaningful exploration data has been included
exploration should be reported including (but not limited to): in the body of this announcement.
data 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.
Further
work * The nature and scale of planned further work (e.g. * Artemis and Greentech plan to conduct further ground
tests for lateral extensions or depth extensions or reconnaissance and sampling in the short term to
large-scale step-out drilling). determine the surface extent both laterally and along
strike and also the economic potential of the
prospect. Drilling is also being undertaken.
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.
=============== =============================================================== ===============================================================
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLEAKFNASXDFEA
(END) Dow Jones Newswires
November 29, 2023 02:02 ET (07:02 GMT)
Artemis Resources (LSE:ARV)
過去 株価チャート
から 4 2024 まで 5 2024
Artemis Resources (LSE:ARV)
過去 株価チャート
から 5 2023 まで 5 2024
