Highlights
· 1,600 meter Reverse Circulation (RC) drilling program is underway to test three shallow gold targets at Titan
· Drilling will test:
Ø widely spaced outcrops of ferruginous and brecciated chert with high grade surface gold results from selective sampling reported during 2024[1]
Ø two undrilled gravity anomalies (G1 and G2) associated with major structures. G1 includes small outcrops of chert with surface gold reported during 2024[2]
Ø strike extensions to elevated gold assay (peak assay of 1m @ 16.4g/t Au[3]) intersected in all three holes drilled at Titan East during March Quarter 2025
· Artemis is also planning a diamond drilling program to test potential extensions to the Carlow Resource[4], initially along a 600 meter zone east of the Resource
Artemis Resources Limited (ASX/AIM: ARV) is pleased to inform shareholders that a RC drilling program is underway to test three shallow high priority gold targets within the extensive Titan prospect.
Apart from three shallow diamond holes completed by Artemis at Titan East during the March Quarter 2025 there is no previous drilling of the Titan Prospect. The potential for gold mineralisation at Titan is supported by:
· major structural disruption interpretated from magnetic and detailed gravity data
· adjoins the Regal Thrust Zone, associated with Carlow gold/copper mineralisation
· proximity to the Carlow resource[5], one of the largest in the district
Titan is located within (and probably below) the Regal Thrust disrupted by crosscutting faults which appear to control high-grade gold/copper quartz/sulphide lodes at Carlow.
Julian Hanna, Managing Director, commented:
“I am happy to report the Artemis team is excited that drilling is now underway as an initial test of the shallow gold potential interpreted to exist at Titan. In addition to testing three specific targets, this initial RC program should also provide valuable geological and geochemical data over the wider area which is largely obscured by transported cover and is undrilled.
We look forward to reporting results from this drilling program in coming weeks”.
Figure 1: Simplified geological interpretation showing outline of Carlow resource and Titan Prospect
Figure 2: Looking northwest across G1 (gravity target) towards interpreted repetition of Regal Thrust chert
Figure 3: Titan Prospect: Satellite image showing location of planned RC drill holes at Titan East, G1 and G2
Figure 4: Titan Prospect: Inversion model of detailed gravity data showing location of three current targets
This announcement was approved for release by the Board
For further information on the Company, please visit www.artemisresources.com.au or contact:
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Artemis Resources Ltd |
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Guy Robertson, Chairman Julian Hanna, Managing Director |
