Artemis Resources gains confidence from early drill results
THE DRILL SERGEANT: Artemis Resources (ASX: ARV) has reported progress from a recently-commenced 15 hole, 3,000 metre reverse circulation (RC) drilling program currently underway at the company’s Eastern Hills antimony-lead deposit, located in the Ashburton region of Western Australia.
Artemis indicated the first five holes to be completed have all intersected sulphide mineralisation, and in doing so have confirmed and extended the company’s geological model of the deposit.
Artemis claims its on-site geologist identified sulphide mineralisation visually in the field, which was supported by a portable X-ray Fluorescence (pXRF) device, confirming the existence of antimony in the sulphide mineralisation.
The sulphide mineralisation in four of the holes completed to date has been intersected within the Main Lode (or Southern Conductor) target zones as expected from in-house modelling of previous drilling carried out by Taipan Resources.
Artemis considers the sulphide mineralisation intersected in the fifth hole, also confirms the recently-identified new Northern electro-magnetic (EM) conductor is also mineralised.
.jpg)
Eastern Hills EM conductors and drill hole plan. Source: Company announcement
This zone is not yet included in the current 1.25 million tonnes at 1.5 to 1.9 per cent antimony and 2.1 to 2.7 per cent lead for 410,000 tonnes exploration target.
“To have intersected mineralisation, as modelled, in the first five drill holes of the program is validation of the work completed by our technical team in defining the simplicity of the antimony mineralisation at Eastern Hills,” Artemis Resources executive director Guy Robertson said in the company’s announcement to the Australian Securities Exchange.
“The field results seen to date are highly-encouraging and bode well for achieving our stated aims of extending the Eastern Hills antimony-lead mineralisation both along strike and down dip, as well as establishing a maiden JORC-compliant resource.”