Artemis Resources Limited is pleased to provide an update on assay results from the recent RC drilling programme targeting the Chapman Prospect located ~1km Southeast from its 100%-owned Carlow Gold and Copper Project in the West Pilbara region of Western Australia.
Highlights:
· A follow up drill program was completed at the Chapman Prospect located ~ 1km southeast of Carlow Project, targeting a VTEM anomaly and previous high-grade intersections.
· Better intersections returned values of:
o 12.6m @ 0.43% Cu, 0.25% Ni, 0.018% Co, 0.08g/t Au from 79.93m, Hole 22CHRD001
§ including; 5.3m @ 0.56% Cu, 0.32% Ni, 0.020% Co, 0.07g/t Au from 82.2m
o 11m @ 0.56% Cu, 0.36% Ni, 0.020% Co, 0.03g/t Au from 37m, Hole ARC385
§ including; 2m @ 0.70% Cu, 0.69% Ni, 0.032% Co, 0.04g/t Au, from 40m
o 1.0m @ 1.07% Cu, 0.75% Ni, 0.04% Co, 0.03g/t Au, from 44m
o 1.0m @ 0.87% Cu, 0.28% Ni, 0.02% Co, 0.01g/t Au, from 46m
o 1.0m @ 1.06% Cu, 0.44% Ni, 0.025% Co, 0.03g/t Au from 131m, Hole ARC373
· Mineralisation is associated with ~1km long gabbro intrusion and basalt contact.
· A DHTEM (Down Hole Transient Electromagnetic) survey completed recently with modelling results highlighting additional targets.
· The next phase of Chapman exploration will be designed to seek areas of higher-grade mineralisation along this and other sub-regional trends at Chapman.
Alastair Clayton, Executive Director commented: “Intersecting broad shallow zones of continuous copper and nickel at Chapman is encouraging, especially as these mineralised zones appear to be related to the margins of regional gabbros and related structures. Drilling at Chapman undertaken in 2021 intersected high-grade copper mineralisation over a wide interval*. We look forward to refining and developing additional targets to further explore this ~1km long prospective trend”.
*See ASX release 06 December 2021 “New Regional Discovery – High-grade Copper, Gold and Silver Intersected at Chapman Prospect”
A total of 11 holes comprising 10 RC holes and one diamond hole were completed for a total of 3,011.3m, of which 2,837 was RC and 174.3m was diamond (excluding the RC pre-collar). The location of these holes is shown in Figure 1.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
Figure 1 : Location of the drill collars for the Chapman Prospect as they relate to the Greater Carlow Project
At Chapman the litho-geochemistry has been effective in defining the location of the Cu-Ni mineralisation over a strike length of 725m with the overall trend being in excess of 1km. Mineralisation is associated with semi-brittle to ductile structures formed by the intrusion of a north dipping Gabbro plug within the surrounding basalt country rock, shown in Figure 2.
Drilling to date indicates that mineralisation may be continuous (despite low grade) over a down dip portion of 130m which remains open at depth. High grade Cu-Au mineralisation drilled in 2021 in drill hole GLC007 appears to be associated with a northeast orientated brittle structure that offsets a portion of the gabbro to the south. Additional drilling perpendicular to the structure is required to define this structure.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
Figure 2 : Geological setting of the Chapman Prospect showing the relationship between the mineralised trend and contact with the Gabbro body. Significant results are shown for respective drill holes.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
Figure 3 : Local Section 10,000mN looking to the northwest showing significant intersections. Refer to Figure 2 for section location
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
Figure 4 : Local Section 10,440mN looking to the northwest showing significant intersections. Refer to Figure 2 for section location.
Table 1 : Significant results for RC holes drilled at Chapman
|
Significant Intervals >0.3% Cu, 2m internal dilution. NSI = No Significant Intervals |
 |
|||||||
|
HoleID |
Comment |
From (m) |
To (m) |
Downhole Width (m) |
Cu (%) |
Ni % |
Co (%) |
Au g/t |
|
ARC372 |
14 |
15 |
1 |
0.57 |
0.38 |
0.020 |
0.01 |
|
|
68 |
72 |
4 |
0.36 |
0.27 |
0.024 |
0.01 |
||
|
Including |
70 |
71 |
1 |
0.52 |
0.48 |
0.041 |
0.02 |
|
|
75 |
76 |
1 |
0.31 |
0.20 |
0.019 |
0.01 |
||
|
80 |
83 |
3 |
0.20 |
0.74 |
0.024 |
0.24 |
||
|
Including |
80 |
81 |
1 |
0.74 |
0.24 |
0.024 |
0.02 |
|
|
244 |
245 |
1 |
0.32 |
0.21 |
0.023 |
0.10 |
||
|
ARC373 |
73 |
74 |
1 |
0.38 |
0.04 |
0.006 |
0.02 |
|
|
82 |
86 |
4 |
0.69 |
0.21 |
0.023 |
0.10 |
||
|
Including |
83 |
86 |
3 |
0.82 |
0.24 |
0.027 |
0.12 |
|
|
 |
118 |
119 |
1 |
0.68 |
0.21 |
0.015 |
0.01 |
|
|
125 |
126 |
1 |
0.50 |
0.33 |
0.032 |
0.02 |
||
|
131 |
132 |
1 |
1.05 |
0.44 |
0.024 |
0.03 |
||
|
ARC374 |
85 |
86 |
1 |
0.38 |
0.24 |
0.013 |
0.01 |
|
|
101 |
102 |
1 |
0.33 |
0.05 |
0.016 |
0.13 |
||
|
114 |
115 |
1 |
0.44 |
0.33 |
0.013 |
0.02 |
||
|
161 |
162 |
1 |
0.39 |
0.16 |
0.005 |
0.16 |
||
|
ARC375 |
38 |
40 |
2 |
0.35 |
0.28 |
0.019 |
0.04 |
|
|
45 |
46 |
1 |
0.34 |
0.20 |
0.015 |
0.02 |
||
|
HoleID |
Comment |
From (m) |
To (m) |
Downhole Width (m) |
Cu (%) |
Ni % |
Co (%) |
Au g/t |
|
52 |
53 |
1 |
0.38 |
0.11 |
0.015 |
0.02 |
||
|
81 |
87 |
6 |
0.36 |
0.13 |
0.010 |
0.01 |
||
|
131 |
132 |
1 |
0.99 |
0.02 |
0.016 |
0.48 |
||
|
ARC376 |
66 |
67 |
1 |
0.58 |
0.36 |
0.024 |
0.01 |
|
|
76 |
77 |
1 |
0.44 |
0.24 |
0.012 |
0.04 |
||
|
85 |
87 |
2 |
0.57 |
0.20 |
0.013 |
0.03 |
||
|
90 |
91 |
1 |
0.31 |
0.13 |
0.010 |
0.01 |
||
|
ARC377 |
82 |
86 |
4 |
0.31 |
0.12 |
0.009 |
0.02 |
|
|
ARC382 |
99 |
100 |
1 |
0.31 |
0.20 |
0.013 |
0.02 |
|
|
101 |
102 |
1 |
0.30 |
0.17 |
0.010 |
0.01 |
||
|
112 |
114 |
2 |
0.35 |
0.23 |
0.010 |
0.03 |
||
|
ARC385 |
31 |
33 |
2 |
0.34 |
0.31 |
0.023 |
0.01 |
|
|
37 |
48 |
11 |
0.56 |
0.36 |
0.020 |
0.25 |
||
|
Including |
40 |
42 |
2 |
0.70 |
0.69 |
0.032 |
0.04 |
|
|
Including |
44 |
45 |
1 |
1.08 |
0.75 |
0.040 |
0.03 |
|
|
Including |
46 |
47 |
1 |
0.87 |
0.28 |
0.021 |
0.01 |
|
|
ARC405 |
 |
93 |
95 |
2 |
0.60 |
0.02 |
0.011 |
0.42 |
|
Including |
94 |
95 |
1 |
0.77 |
0.03 |
0.013 |
0.50 |
|
|
ARC407 |
147 |
149 |
2 |
0.21 |
0.33 |
 – |
– |
|
 Table 2 : Significant results for the diamond hole drilled at Chapman
|
Significant Intervals >0.3% Cu, 2m internal dilution. NSI = No Significant Results |
 |
|||||||
|
Hole ID |
Comment |
From |
To |
Downhole width (m) |
Cu % |
Ni % |
Co % |
Au ppm |
|
22CHRD001 |
76.46 |
78.36 |
1.9 |
0.30 |
0.16 |
0.013 |
0.02 |
|
|
79.93 |
92.5 |
12.57 |
0.43 |
0.25 |
0.018 |
0.08 |
||
|
Including |
82.2 |
88.04 |
5.33 |
0.56 |
0.32 |
0.020 |
0.07 |
|
|
 |
125.94 |
127.7 |
1.76 |
0.42 |
0.15 |
0.010 |
0.01 |
|
|
 |
134.24 |
136.76 |
2.52 |
0.39 |
0.19 |
0.014 |
0.05 |
|
|
Including |
135.66 |
136.76 |
1.1 |
0.47 |
0.26 |
0.018 |
0.09 |
|
 Down Hole Transient Electromagnetic (DHTEM) survey was collected from two drill holes, ARC407 located to the southeast of the main Chapman trend and diamond hole 22CHRD001.
The DHTEM data from ARC407 identified a weak broad off hole anomalism centred at ~60-70m down hole as shown in Figure 5. The source is above and to the south of ARC407 with further modelling required to constrain.
22CHRD001 DHTEM identified a weak off hole anomalism with the source appearing sub-parallel to hole geometry centred at ~55-80m down hole with a localised source. Relatively weak/low conductance and limited areal size and very likely relates to the original Chapman VTEM/FLTEM conductor. Further modelling may be required.
http://www.rns-pdf.londonstockexchange.com/rns/1857Z_1-2022-9-12.pdf
Figure 5 : Location of the VTEM anomaly and associated DHTEM plate in the southeast portion of the Chapman trend. Background is Legend Mining’s VTEM image.
Table 3 : Drill Information for the drill holes completed at Chapman
|
HoleID |
Type |
East MGA |
North MGA |
RL (m) |
Dip |
Azimuth MGA |
Total Depth (m) |
|
22CHRD001 |
DD |
507998.10 |
7697867.64 |
29.91 |
-60.32 |
212.21 |
174.30 |
|
ARC372 |
RC |
507638.08 |
7698016.63 |
31.89 |
-60.07 |
212.11 |
342.00 |
|
ARC373 |
RC |
507654.45 |
7698049.98 |
31.84 |
-60.28 |
214.10 |
339.00 |
|
ARC374 |
RC |
508077.27 |
7697900.07 |
29.46 |
-60.00 |
210.00 |
342.00 |
|
ARC375 |
RC |
508046.34 |
7697854.58 |
29.66 |
-60.00 |
210.00 |
342.00 |
|
ARC376 |
RC |
508096.93 |
7697857.02 |
29.24 |
-59.93 |
212.50 |
254.00 |
|
ARC377 |
RC |
508229.25 |
7697758.08 |
28.40 |
-59.35 |
212.97 |
162.00 |
|
ARC382 |
RC |
507976.70 |
7697983.41 |
29.91 |
-59.61 |
212.18 |
342.00 |
|
ARC385 |
RC |
507931.98 |
7697908.71 |
30.39 |
-61.34 |
208.98 |
342.00 |
|
ARC405 |
RC |
507924.69 |
7697802.17 |
30.25 |
-59.90 |
129.21 |
162.00 |
|
ARC407 |
RC |
508648.40 |
7697767.47 |
26.54 |
-69.39 |
210.07 |
210.00 |
 Competent Persons Statement
The information in this announcement that relates to Exploration Results and Exploration Targets is based on information compiled or reviewed by Mr. Steve Boda, who is a Member of the Australasian Institute Geoscientists. Mr. Boda is an employee of Artemis Resources Limited. Mr. Boda has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Boda consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.
About Artemis Resources
Artemis Resources (ASX: ARV; FRA: ATY; US: ARTTF) is a Perth-based exploration and development company, led by an experienced team that has a singular focus on delivering shareholder value from its Pilbara gold projects – the Greater Carlow Gold Project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.
This announcement was approved for release by the Board.
For more information, please visit www.artemisresources.com.au Â
Artemis Resources Limited
via Camarco
Alastair Clayton
