Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) has completed an internal project review of its Karratha Gold Precinct in the West Pilbara region of Western Australia, uncovering historical gold and copper targets.
These targets include previous drill assays of 5 metres at 6.23% copper, 3.01 g/t gold and 45.32 g/t silver as well as rock chip assays of 23 g/t gold.
“Through a recent internal review of Artemis historical tenement data, we have uncovered numerous prospects that display high prospectivity and compelling first-pass results,” said Artemis executive director George Ventouras.
“Given the current gold price and market sentiment, we are very excited by the opportunity to explore these further. Given the company’s tenement locations and the dual streams of lithium and gold, we are confident that the pathway forward will be a positive development for the company.”
Project review
The project review found that the Carlow, Silica Hills and Osborne tenements all display multiple prospects that warrant further exploration activity.
Many of these were discovered by Artemis during previous exploration programs and others were discovered by previous owners of the tenements.
These targets highlight the prospectivity of the region and the complexity of the geology to deliver a variety of commodities within the West Pilbara region.
Artemis says that priority targeting is underway to expand its gold exploration program in addition to drilling at the Lulu Creek prospect.
Artemis tenements in the West Pilbara with prospects.