Artemis Resources Limited Rock Chip and Soil Sampling to Recommence (1361A)
January 18 2024 - 2:00AM
UK Regulatory
TIDMARV
RNS Number : 1361A
Artemis Resources Limited
18 January 2024
18 January 2024
Artemis Resources Limited
("Artemis" or the "Company")
ROCK CHIP AND SOIL SAMPLING FOR LITHIUM MINERALISATION ON 100%
OWNED TENEMENTS TO RECOMMENCE
Highlights:
-- Ground reconnaissance to recommence on Artemis's 100% owned West Pilbara tenement areas
-- Adjacent to the Osborne JV between Artemis and GreenTech Metals (ARV:49%/GRE:51%)
-- Less than 20km from the Azure Minerals Andover Lithium
project (subject to takeover by SQM/Hancock Prospecting) -
exploration target of 100-240mt @ 1.0-1.5% Li(2) O(1)
-- Rock chip sampling program and methodology designed by new technical team
-- Small number of rock chip samples collected prior to the end
of 2023 submitted for laboratory analysis
Artemis Resources Limited (ASX/AIM: ARV) is pleased to provide
an update to shareholders on ground reconnaissance soon to
recommence on its 100% owned West Pilbara tenement areas.
Executive Director George Ventouras commented: "We are pleased
that ground reconnaissance work will recommence shortly on our 100%
owned tenement areas. Given the exploration success of Azure
Minerals via the Andover project together with the results to date
at the Osborne JV we have with GreenTech Metals, we believe that
our 100% owned tenements have good potential for positive
exploration results for lithium mineralisation.
Our technical team is the same team which has successfully
identified the positive lithium trends on the Osborne JV and
GreenTech's Ruth Well project and this work will be leveraging the
team's newly developed exploration methodologies. We are confident
that should lithium bearing pegmatites exist on 100% Artemis
ground, they will be discovered through deploying this
approach".
(1) ASX Announcement, Azure Minerals Ltd, 7 August 2023
Figure 1 . Artemis Resources Karratha Lithium Project
tenements
Exploration
The technical team have identified several areas of interest
that were not quantified through previous exploration efforts.
These areas are contained within the Company's 100% owned tenement
areas, have been assessed and will be the subject of rock chip
sampling in the first instance, followed closely by soil sampling,
where applicable.
A short test program was undertaken prior to the end of 2023 and
a small number of rock chip samples have been submitted for
laboratory analysis. Results will be released once they have been
received and relevant QA/QC protocols completed.
Figure 2 . Artemis Resources Karratha Lithium Project tenement
with rock chip sampling area
The Company will also be reviewing aerial imagery and utilising
drones to access and fully understand the tenement areas to ensure
that priority targets are the subject of first phase exploration.
Further samples, when collected, will be delivered to the
laboratory in Perth for analysis and results released
accordingly.
The initial ground exploration phase is expected to be completed
by late February with follow up programs to be finalised post
receipt of results.
This announcement was approved for release by the Board.
Artemis Resources Ltd
George Ventouras, Executive george.ventouras@artemisresources.com.au
Director
WH Ireland Limited (Nomad &
Broker)
Antonio Bossi / James Bavister Tel: +44 20 7220 1666
/ Isaac Hooper
About Artemis Resources
Artemis Resources Limited (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is
a gold, copper and lithium focused resources company with projects
in Western Australia. The Karratha Lithium Project, the Osborne
Lithium JV (Artemis 49%; GreenTech Metals (ASX:GRE) 51%) and the
Greater Carlow Castle gold-copper-cobalt project in the West
Pilbara; and the Paterson Central project in the Paterson Province
(located adjacent to Greatland Gold / Newcrest's recent gold-copper
discovery at Havieron).
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
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