Artemis Resources to expand exploration at Karratha Gold Precinct on buoyant gold price
April 09, 2024 at 05:04 am EDT
Share
(via NewsDirect)
Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) executive director George Ventouras joins Proactive's Stephen Gunnion with details of the company's upcoming exploration plans at the Karratha Gold Precinct in Western Australia.
Within the precinct, Ventouras noted that the Carlow Project boasts a resource of over 700,000 ounces of gold equivalent, highlighting its significant size and promising grades of two and a half grammes per tonne.
With gold prices in focus, he said the company is allocating part of its exploration budget towards both the Carlow project and the wider tenement package to uncover additional prospects. This year, Artemis Resources is excited about prospects at Lulu Creek, supported by a government grant for co-funded drilling. This area, showing similarities with the 10 million-ounce De Grey's Hemi deposit, revealed promising initial drilling results in 2020, with gold grades of 4.89 grammes per tonne.
Drilling is expected to commence in the third quarter of 2024, following heritage clearances, with preparatory activities such as rock chips and soil sampling underway.
Additionally, Artemis Resources continues exploration in other areas, including lithium prospects, underlining the company's dual focus on base metals and future-facing metals. Ventouras emphasizes the potential of their intrusive gold systems as a frontier for large gold systems, indicating a promising future for Artemis Resources.
Contact Details
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Artemis Resources Limited is gold copper and lithium focused resources company. It holds three projects in Western Australia, including Carlow Castle gold-copper-cobalt project in the West Pilbara; Paterson Central project in the Paterson Province (located adjacent to Greatland Gold / Newcrestâs recent gold-copper discovery at Havieron, and Osborne joint venture in the West Pilbara. The Carlow Castle gold-copper-cobalt project is situated in the mining jurisdiction of Western Australiaâs West Pilbara, 25 kilometers (km) from the regional city of Karratha. The Carlow deposit is on granted exploration license E47/1797 and is only 35 km from Artemis resources 100% owned Radio Hill Processing Plant. The Lulu Creek Gold Project lies 20 km to the west of Artemisâs Carlow Castle deposit. The Paterson Central Gold-Copper Project is located within the Yaneena Basin of the Paterson Province. It controls 144 square kilometers (km2) of prospective tenure adjacent to Green Tech and Azure Minerals.
ARTEMIS RESOURCES LIMITED 
