Artemis Resources (ASX: ARV) has commenced drilling at the 100% owned Lulu Creek prospect in the Pilbara region of Western Australia.
“We are delighted that drilling has commenced at the Lulu Creek gold prospect,” Executive Director, George Ventouras, said.
“While we are excited to see the results from this program, drilling at Lulu Creek is only the beginning in a series of exploration initiatives to test the prospectivity of our tenements which extend 20km along a major east-west structural corridor with numerous surface gold occurrences.
“With several other compelling targets already identified along this structural corridor which is only lightly explored, the future looks bright for exploration success.”
About Lulu Creek
Lulu Creek lies 20km to the west of the company’s Carlow Castle deposit and forms part of the prospective Greater Carlow area. It has previously been explored via a shallow drill program in 2020. The programme constituted 126 RC holes which had an average depth of 20m and a maximum depth of 50m.
The 2020 drilling programme intersected several zones of anomalous gold mineralisation associated with disseminated sulphides at shallow depth. Intersections included 1m @ 4.89 g/t Au and 13.7 g/t Ag from 24m, 2m @ 1.62g/t Au from 34m and 1m @ 1.15g/t Au from 9m.
In early 2023 a 15-line dipole-dipole Induced Polarisation (IP) survey was completed which identified two IP chargeability anomalies within the interpreted Lulu Creek intrusion. In late 2023, the company was awarded a government grant through the Department of Energy, Mines, Industry Regulation and Safety to co-fund this drilling programme.
The company plans to drill a series of reverse circulation (RC) holes to test both the IP targets and zones of elevated gold mineralisation intersected in the 2020 shallow drilling. It is expected approximately five holes for around 1,500 metres will be drilled.
Once the programme has been completed, all relevant samples will be sent the laboratory for assaying and will be released to the market once quality assurance and quality control has been completed.
