Artemis Resources (ASX: ARV) has achieved high-grade rock chip assays from exploration undertaken on the 100% owned Karratha Gold Project in the West Pilbara region of Western Australia.
The company has undertaken further ground reconnaissance and rock chip sampling across the Carlow tenement, with the goal to map all outcropping mineralised veins and structures and define additional priority targets for drilling.
The current exploration strategy is to use industry best techniques including geochemical and geophysical surveys combined with structural interpretations to identify targets within what Artemis considers is a wide, highly prospective and underexplored structural corridor with potential to host substantial gold deposits.
“We are very excited that prospects located on the Carlow tenement continue to deliver further high-grade gold, copper and silver results from extensive veins at surface,” Executive Director, George Ventouras, said.
“While several of these prospects have had minor drilling programs, the exploration team continues to compile data to identify the source of the widespread gold discovered at surface. Combined with the Titan prospect and other targets in the immediate Carlow area, the future looks very bright for the Karratha Gold Project.”
Thorpe Prospect
The Thorpe Prospect is located in the southeast part of the Carlow tenement, E47/1797. The recent ground reconnaissance programme involved collecting additional rock chip samples at Thorpe to define the extent of the gold bearing veins and other structures. A small number of samples were also taken close to the Carlow deposit.
The high-grade gold, copper and silver assay results are from veins sampled along three interpreted structures, each trending SW-NE and East-West for approximately 2km strike length.
High-grade gold/copper zones have been defined along two of these structures over around 500m strike length. Mineralisation is associated with stockwork quartz-iron oxide veining within shear and fault structures ranging in width from centimetres up to approximately 12m. The associated country rock is predominantly altered basalt and dolerite.
As a result of the reconnaissance sampling programs on the Carlow tenement, widespread surface gold mineralised veins have been identified within a wide structural corridor centred around the district-scale Regal Thrust. Individual prospects and deposits including Carlow Castle, Titan,
Europa, Marillion, Chapman, and Thorpe are interpreted to be related to this structural corridor and remain a strong focus.
Next Steps
Artemis plans to commence drilling of key targets within the Carlow tenement starting early 2025, subject to heritage clearance and other regulatory requirements. The Company has commenced the process for surveys of areas not already cleared.
