Artemis Resources extends Eastern Hills mineralisation

THE DRILL SERGEANT: Artemis Resources (ASX: ARV) has received final drill results from a 15 hole, reverse circulation (RC) drilling program recently completed at the company’s Eastern Hills antimony–lead deposit, located in the Ashburton region of Western Australia.

The company said the laboratory assays from the 2,470 metre drill program have confirmed the presence of antimony–lead mineralisation at Eastern Hills.

Intersections from the final batch of assay results include:

–    4 metres at 2.4 per cent antimony and 3.1 per cent lead from 141 metres, including 1 metre at 5.3 per cent antimony and 7.3 per cent lead from 141 metres;

–    2m at 3 per cent antimony and 3.7 per cent lead from 137m; and

–    1m at 3.0 per cent antimony and 3.6 per cent lead from 59m.

The latest results have extended the Taipan Zone along strike to the west resulting in a total strike length of 850 metres, up 40 per cent from the strike length Artemis had interpreted prior to commencing the drill program.

 

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

 

Other results, in particular, from hole AREHRC013 doubled the interpreted depth of antimony-lead mineralisation by approximately 90m on that cross section, while also increasing mineralised thickness.

Artemis highlighted the Taipan Zone antimony-lead mineralisation remains open along strike to the east, and also at depth along the 850m of strike extent it has defined to date.

The final batch of assay results also demonstrated additional mineralisation at the western end of the deposit with grades up to:

–    1 metre at 5.3 per cent antimony and 7.3 per cent lead.

Artemis has engaged an independent consultant to commence the estimation of a JORC code-compliant resource for the Eastern Hills deposit.

“We are extremely happy with the success of our Eastern Hills drilling program in significantly expanding the antimony-lead mineralisation,” Artemis Resources general manager-exploration Trevor Woolfe said in the company’s announcement to the Australian Securities Exchange.

“Before year’s end we expect to be able to quantify this expansion as we announce a maiden JORC-compliant resource for the deposit.

“In a significant step, Artemis will be attending the World Antimony Conference in Guilin, China in early December, as well as visiting Chinese antimony operations.”

Email:
info@artemisresources.com.au

Website:
www.artemisresources.com.au