RE: Artemis RNS 18.7.18 all about GGP18 Jul 2018 23:39
Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) is pleased to announce that it has applied for a 600km2 tenement (ELA 45/5276) within the highly prospective Proterozoic Paterson orogen, located approximately 40km east of the Telfer Au – Cu mine in the Pilbara region of Western Australia.
Highlights: • ELA 45/5276 (the Armada Prospect) covers an area of 600km2 in the highly prospective Paterson Ranges, 40km east of the Telfer Au-Cu Mine. •
Early stage exploration drilling reported by Greatland Gold plc (a London listed company) on 25 June and 4 July 2018 from their nearby Haverion Project, included:
➢ HAD001 - 121m at 2.93g/t gold (Au) and 0.23% copper (Cu) from 497m to 618m.
➢ HAD003 - 21m at 3.78g/t gold and 0.44% copper from 418m, including 1m at 29.12g/t gold and 0.4% copper from 428.5m. •
The geological structures that host the Haverion discovery run due north into Artemis’s new Armada Prospect. There are also northwest-southeast structures consistent with other observed mineralised trends (Figure 2). • ELA 45/5276 located within a larger, well mineralised trend (Figure 1). • Artemis submitted its exploration licence application approximately 3 hours before Rio Tinto. • Artemis Pilbara landholdings now increased to ≈ 2,400 km2 .