Artemis Resources doubles depth of Taipan mineralisation

/in /by

THE DRILL SERGEANT: Artemis Resources (ASX: ARV) has received drill results from the latest four holes from a 15 hole, 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 has completed a total of 2,470 metres, and claims laboratory assays from the first nine holes has confirmed the existence of antimony–lead-silver-gold mineralisation.

Results from the latest test assay results include:

–     8 metres at 2 per cent antimony and 2.6 per cent lead from 212 metres; (AREHRC008)

–    3m at 2.1 per cent antimony and 2.5 per cent lead from 159m; (AREHRC009)

–     4m at 5.3 per cent antimony, 13.8 per cent lead, 1.66 grams per tonne gold and 109g/t silver from 156m, including 1m at 10 per cent antimony, 30.7 per cent lead,3.9g/t gold and 185g/t silver from 159m; (AREHRC010) and

–    3m at 3.6 per cent antimony and 6.6 per cent lead from 83m. (AREHRC011)

Artemis explained the current results were achieved from the central portion of the Taipan Zone (previously known as the Main Zone) where drilling is being conducted with the primary aim of extending mineralisation down dip below historic drilling.

 

Eastern Hills – Drill hole plan (latest assays received in yellow). Source: Company announcement

 

The company said the results from hole AREHRC008 had nearly doubled the interpreted depth of the mineralisation by approximately100m below historical drill intercepts.

Results from drill holes AREHRC009 and AREHRC010 have also extended the mineralisation down dip, in line with the company’s technical team’s modelling.

“Following earlier results, we are encouraged by new high-grade antimony (up to10 per cent), lead, silver and gold results at depth in the central area of the Taipan Zone, as well as a 35 per cent uplift in grades in our latest twin hole,” Artemis Resources general manager Trevor Woolfe said in the company’s announcement to the Australian Securities Exchange.

“The mineralisation displays excellent continuity and our results continue to extend the depth potential of the deposit, which remains open down dip and along strike.”