Perth-based explorer Artemis Resources (ASX:ARV) has begun an induced polarisation (IP) survey over a mineralised intrusion at the Lulu Creek gold prospect within its Greater Carlow Project in Western Australia.
The company reports the high-resolution dipole-dipole IP survey is being conducted by Southern Geoscience Consultants (SGC) to provide vertical resolution in defining chargeability anomalies that may represent disseminated sulphides within and around the Lulu Creek diorite.
The defined chargeability anomalies will then be used for the drill targeting of sulphide mineralisation that is believed to host gold mineralisation in conjunction with quartz veins.
This survey will see 13 lines completed across about 12-line kilometres over an area of 251 hectares and is expected to take about 3 weeks to complete. Results are expected to be received in late July.
Artemis chose the dipole-dipole IP survey method due to its availability to provide good lateral and vertical chargeability resolution in the search for disseminated sulphides within the Lulu Creek prospect area.
Additionally, Artemis reports SGC has completed the moving loop electromagnetic (MLEM) surveys across the Carlow Project, and the final dataset has been received. The company says the data is being processed, with results expected by mid-July.
Preliminary information supplied by SGC indicates that 4 primary anomalies have been identified with 2 ‘strong’ anomalies located around Carlow Castle
Preliminary information supplied by SGC indicates that 4 primary anomalies have been identified, with 2 ‘strong’ anomalies located around Carlow Castle. Additional information will be supplied once the data is processed and interpreted.
Lulu Creek lies about 20km to the west of the Carlow Castle deposit and forms part of the Greater Carlow area. Artemis initially identified the deposit in 2018 through a regional soil and rock chip program. Subsequent mapping and rock chip sampling identified gold associated with quartz veins and gossans in an unclassified weathered unit with a ‘light’ covering of transported sands and gravels.
In 2020, the company completed 126 reverse circulation (RC) holes which identified numerous ‘low-grade’ zones of gold mineralisation associated with disseminated sulphides and quartz veins within a 2km east-northeast trending quartz diorite intrusion.
Artemis Resources is a Perth-based explorer and developer focused on its Greater Carlow Project and the Paterson Central Project, located in the West and East Pilbara regions of Western Australia, respectively.
The company had $2.5 million cash at hand as of 31 March 2023, according to its latest quarterly report published on 28 April 2023.
Write to Harry Mulholland at Mining.com.au
Images: Artemis Resources Ltd
