Artemis Resources Limited has announced that the company’s regional geochemical programme has identified three entirely new gold targets, all within 30 kilometres of its 100 per cent owned Radio Hill processing plant.
Prior to mineral identification, Artemis conducted a comprehensive soil geochemistry sampling programme which generated over 12,000 soil samples across the company’s land holdings near Karratha in the Pilbara region of Western Australia.
The company found that gold geochemistry responded strongly at Carlow Castle, Nickol River, Silica Hills, Pattersons Hut, Ruth Well North and Pipeline with the latter three areas being new discoveries.
Artemis’ Executive Director Ed Mead said that Karratha until recently has remained relatively unexplored for its gold potential.
“This area-wide geochemical and rock chip survey indicates substantial gold prospectivity exists within Artemis’ extensive tenement package, all within a short trucking distance of our Radio Hill processing plant,” he said.
“The use of ionic geochemical analysis techniques in conjunction with traditional geochemical sampling has helped Artemis identify numerous new targets and projects such as Carlow Castle and Purdy’s Reward.”
The company has stated that some infill sampling has been completed across the regional tenure, but assays remain to be pending. Further to this, Artemis is currently ranking and prioritising targets with plans for first pass air-core drilling being developed following receipt of POW and heritage approvals.
- An entirely new area of gold in soil anomalism (to 68ppb Au) and mineralisation.
- Rock chip samples in veins and gossanous chert up to 11.4 grams per tonne of gold across a 4.5 km long surface soil anomaly.
- Artemis highlighted that many samples show a silver to gold ratio greater than 10:1, possibly indicative of sulphide mineralisation.
Ruth Well North:
- Located to the north of the Ruth Well nickel-copper mineralisation.
- Rock chip samples up to 5.04 grams per tonne gold across a 14 km long surface anomaly.
- To date geological mapping and sampling has had limited success with one sample of a silicified laminated sediment containing 5.04 grams per tonne of gold, which Artemis said was the only sample of significance.
- Identified south-east of Radio Hill.
- soil geochemistry anomaly in association with numerous nuggets in shear zones across two 1.0 km long trends.