Artemis Resources (ASX:ARV) has defined elevated levels of gold and copper mineralisation following an ultrafine fraction (UFF) soil program at the Titan prospect within its Greater Carlow Project in Western Australia.
The results, generated by a total of 432 UFF samples collected from 3 locations within proximity of the Regal Thrust and associated splay structures, have returned elevated gold in soils over an area of 750m by 550m approximately 1.8 km northeast of the Carlow mineral resource.
Artemis reports assays have delivered grades up to 101.3 parts per billion and that the new-found gold anomaly corresponds with elevated arsenic over a similar area. It is also reported that elevated soil assays align with 1.25g/t Au rock samples collected from banded chert at the time of the soil program.
Sampling was undertaken in late 2022 along with a small extension program in February 2023, and have warranted the start of further ground truthing including mapping, rock sampling, and geophysics within the coming weeks in order to confirm prospectivity of Titan.
The company also notes it has encountered elevated copper just off the Europa gravity anomaly and east along strike from the Carlow mineral resource. Grades returned demonstrate copper levels up to 100 parts per million (ppm).
Artetmis believes that the interpretation for the lack of signal over the main Europa target is due to a modern drainage system depositing fresh sediments over the main target area. It is also believed that the recently deposited sediments are masking the geochemical signature resulting in a benign geochemical response.
Labwest, in conjunction with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), have developed the ultrafine geochemical analysis as a method of detecting anomalies against a normalised background
Additionally, the company says Labwest, in conjunction with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), have developed the ultrafine geochemical analysis as a method of detecting anomalies against a normalised background. This approach has been shown to be effective with cover up to 20m, and makes it an ideal method for the Greater Carlow project.
In addition, a discovery of further anomalous copper up to 258ppm has been made. The discovery was made on the eastern side of the project area immediately north of the Marillion electromagnetic (EM) target near the tenement’s boundary.
This additional discovery is likely associated with the gold-copper mineralisation identified by Novo Resources (TSE:NVO) at its Morto Largo prospect.
With UFF sampling complete, Artemis announces mapping and rock sampling will begin at Titan in April, followed by geophysics in order to better understand the controls of mineralisation, as well as determine if the mineralised trend continues undercover.
Artemis Resources is an ASX-listed exploration company based in Perth, Western Australia which is led by an experienced team with a singular focus on its Pilbara projects. The company’s Greater Carlow project is located in the West Pilbara region of Western Australia located about 25km from the regional city of Karratha.
The project has well serviced infrastructure at its doorstep including power, roads, and port access, and represents one of Australia’s best serviced undeveloped polymetallic gold deposits with ‘significant’ resource upside potential.
Images: Artemis Resources Ltd
