29 November 2021
ASX Announcement
For personal use only
Shallow Very High-Grade Gold and Copper Shoots intercepted at
the Carlow Western and Quod Est Zones
Highlights
Very high-grade Western Zone shoots occur at shallow depths and appear to open in multiple directions both down-dip from near surface and also laterally.
Second batch of results from our 52 hole, ~14,000m RC drill programme with all but one result located outside any previous resource footprint.
RC holes were targeted to test the system near surface and at depth, with the better intersections being:
- 13m @ 5.86g/t Au, 0.21% Cu, 0.137% Co from 58m - ARC317
- 3m @ 11.39g/t Au, 6.82% Cu, 0.06% Co from 108m - ARC318
- 5m @ 5.75g/t Au, 2.67% Cu, 0.06% Co from 111m - ARC 316
- 7m @ 1.42g/t Au, 1.36% Cu, 0.03% Co from 120m - ARC318
- 2m @ 8.43g/t Au, 0.50% Cu, 0.48% Co from 159m - ARC318
- 8m @ 1.32g/t Au, 0.21% Cu, 0.009% Co from 177m - ARC325
- 5m @ 1.73g/t Au, 1.47% Cu, 0.01% Co from 67m - ARC316
- 4m @ 2.02g/t Au, 0.72% Cu, 0.263% Co from 102m - ARC333
- 4m @ 1.18g/t Au, 3.96% Cu, 0.01% Co from 104m - ARC326
- 3m @ 3.80g/t Au, 4.06% Cu, 0.24% Co from 121m - ARC330
- 3m @ 3.14g/t Au, 0.43% Cu, 0.38% Co from 111m - ARC330
- 3m @ 4.22g/t Au, 1.18% Cu, 0.24% Co from 127m - ARC327
- 5m @ 2.90g/t Au, 0.62% Cu, 0.55% Co from 79m - ARC332
A further 12 holes are still pending assays with drill planning to follow up these outstanding gold and copper results underway.
Artemis Resources Limited ("Artemis" or "the Company") (ASX:ARV, Frankfurt: ATY, US
OTCQB: ARTTF) is pleased to provide an update on assay results from the recent RC drilling
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a new mineralised trend that is developing to the north of the West Zone and will require additional drilling to define the new area.
Most of these results extend existing mineralised trends downward in the West Zone, such as the results for ARC 318 and ARC 325, (Section 506890mE, Figure 4).
onlyuse personalFigure 2: Section 506700mE looking east showing the series of high-grade shoots to the north of the 2021 pit outline. These remain open down dip with a shallow plunge to the east. Several high grade intersections occur down dip in the main west zone
shoot, with mineralisation also displaying a shallow easterly plunge. For
Figure 3: Section 506810mE looking east the high-grade shoot extending to the north outside the pit outline. This remains open to the north and plunging the east. Extension to the main zone occurs down dip, with mineralisation also plunging to the east.
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Most of these results extend existing mineralised trends downward in the West Zone, such as the results for ARC 318 and ARC 325, (Section 506890mE, Figure 4), which extend mineralisation down dip by approximately 80 metres.
onlyuse personalFigure 4: Section 506890mE looking east showing several high grade shoot of the main west zone extending below the pit. The For
lower shoot of 8 metres width maybe the development of another high grade shoot with an easterly plunge. This is one of the deepest and widest untested intervals in the western zone.
Figure 5 shows the development of the northern shoots, which are sub-parallel to the West Zone. These are high grade Au-Cu occurrences with silicified breccias, similar to those in the main West Zone and the same trend that continues to the east.
Figure 5: Slight oblique view of the main West Zone shoot looking east, displaying its typical vein splay shown in light yellow. To the north (right) are new shoot developments that run parallel to the main West Zone veins. Further drilling is required to extend these systems along strike and down dip. Inset plan map shows the location of the West Zone. Grid scale is approximately 600m.
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Artemis Resources Limited published this content on 28 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2021 21:49:06 UTC.