Proactiveinvestors USA & Canada Artemis Resources Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Artemis Resources Ltd RSS feed en Sat, 20 Jul 2019 17:01:05 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Artemis signs binding agreement to acquire 100% of Rincon Resources ]]> https://www.proactiveinvestors.com/companies/stocktube/14099/artemis-signs-binding-agreement-to-acquire-100-of-rincon-resources-14099.html Tue, 16 Jul 2019 13:43:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/14099/artemis-signs-binding-agreement-to-acquire-100-of-rincon-resources-14099.html <![CDATA[News - Artemis Resources acquires three projects in Paterson Province ]]> https://www.proactiveinvestors.com/companies/news/223940/artemis-resources-acquires-three-projects-in-paterson-province-223940.html Artemis Resources Ltd (ASX:ARV)  has signed an agreement to acquire Rincon Resource Limited, the holder of 708 square kilometres in WA's Paterson Province.

Rincon’s three projects are its flagship South Telfer Project, the Laverton Project and Kiwirrkurra Project.

Notably, South Telfer is 12 kilometres from Newcrest’s giant 25 million ounce Telfer gold mine.

The total price for the acquisition, which is subject to due diligence and conditions, is $2.7 million in cash and scrip.

READ: Artemis Resources begins survey in Carlow Castle to expand 7.7 million tonnes resource

Artemis’s non-executive chairman Sheik Maktoum said: “The acquisition of Rincon is a significant win for Artemis Resources shareholders, making the company one of the largest land holders in the Paterson Province.

“At completion, Artemis gains a significant increase in scale and a simplified Paterson operation all within close proximity to some of the region’s largest miners.

“Telfer South is an exceptional prospect with mineralised intercepts of gold and copper from surface and offers a compelling target to increase the value of the Artemis’ suite of Patersons Province assets.

“The other projects within Rincon also include quality assets which may provide value propositions for sale, JV or exploration.”

  South Telfer Project

The South Telfer project consists of seven exploration licences and two prospecting licences covering 540 square kilometres of prospective geology.

The project area has been previously explored by Newcrest which identified outcropping mineralisation at the Hasties prospect and large gold anomalies at Westin.

Neither of these prospects have been followed up, with Newcrest dropping its tenement holdings in 2002 as it closed the Telfer pit operations and focussed on an underground feasibility.

Artemis and Rincon projects within the highly prospective Patersons Range

At Hasties, historical drilling had returned multiple wide intersections of gold and copper over a large area.

At Telfer, sedimentary sequences which host gold mineralisation were identified, as well as a large, open, 5-kilometre long gold in bedrock anomaly.

Best results from the Westin prospect include 8 metres at 3.85 g/t gold from 84 metres.

The Laverton Gold Project

The Laverton Gold Project consists of two exploration licences covering about 42k square kilometres of prospective Banded Iron Formation (BIF), within the Mt Margaret-Murrin Greenstone belt (MMMG).

The MMMG is a highly prospective greenstone and has over 25 million ounces of gold endowment.

Gold mineralisation in the Laverton district is often associated and hosted by BIF in favourable structural settings.

The Laverton gold project covers about 11 kilometres strike of the underexplored BIF, covering the southern strike extensions of the historical Gladiator gold deposits.

Kiwirrkurra Project

The Kiwirrkurra Project consists of a single exploration licence covering ~126 square kilometres of the highly prospective Central Australian Suture (CAS) in the West Arunta Province.

Kiwirrkurra Project location

The CAS represents a preserved subduction zone and has seen an increase in exploration activities with the recent discovery of the Grapple base metal target by the Lake Mackay JV (with Independence Group (ASX: IGO) and Prodigy Gold (ASX:PRX)).

The Kiwirrkurra project is prospective for iron oxide copper-gold (IOCG) style mineralisation as well as orogenic gold mineralisation.

Director appointment

Upon completion of the acquisition, Zeffron (Zeff) Reeves, Rincon’s co-founder, will be appointed to the Artemis board as a non-executive director.

Reeves is a geologist with more than 20 years’ experience in the resources sector, working on projects from greenfields exploration and discovery, to resource definition and feasibility, as well as construction, production and closure.

Next steps

The acquisition of Rincon occurs at a pivotal time for Artemis as it pursues an AIM-listing in Q3 2019 and assists the company in consolidating its Paterson Province operations.

Artemis plans to undertake further exploration at both its Armada Prospect and the new South Telfer Project in the coming months.

READ: Artemis Resources begins survey in Carlow Castle to expand 7.7 million tonnes resource

Artemis executive director Ed Mead said: “What became evident when CSA Global Consultants were completing a ‘fatal flaws model’ on the Paterson Range tenements from Rincon was that we found a significant amount of quality exploration work had already been undertaken.

“The tenure was dropped by Newcrest in 2002 when the Telfer mine was closed and subject to a feasibility of the underground mine.

“Artemis considers this land to hold tremendous opportunity – especially as the Newcrest mine is slowing down and may be looking for new nearby ore-sources.

“Structural targeting will be completed once all datasets are consolidated, utilising the significant and quality data available.”

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Tue, 16 Jul 2019 11:03:00 -0400 https://www.proactiveinvestors.com/companies/news/223940/artemis-resources-acquires-three-projects-in-paterson-province-223940.html
<![CDATA[News - Artemis Resources begins survey in Carlow Castle to expand 7.7 million tonnes resource ]]> https://www.proactiveinvestors.com/companies/news/223086/artemis-resources-begins-survey-in-carlow-castle-to-expand-77-million-tonnes-resource-223086.html Artemis Resources Ltd (ASX:ARV) has commenced Sub-Audio Magnetics (SAM) surveying at the Carlow Castle Project in WA to explore for additional gold, copper and cobalt.

Carlow Castle, about 25 kilometres southeast of the Pilbara town of Karratha, is a gold and base metals project containing a 7.7 million tonnes JORC resource.

READ: Artemis Resources boosts Carlow Castle JORC resource by 71%

Carlow Castle, which covers a strike length of 1.2 kilometres, was successfully identified using SAM exploration and Artemis will now target the Carlow Castle West extension for analogous geophysics results.

The current SAM survey is targeting a ~5-kilometre strike to the immediate west of the resource.

The company has appointed Gap Geophysics Australia Pty Ltd to conduct the SAM survey, targeting areas which have delivered prospective geochemical sampling and geological interpretation results.

The areas to the west of Carlow Castle are being targeted with anomalous geochemistry and prospective geology already being identified

Artemis executive director Ed Mead said: “The western continuation of the Carlow Castle resource is being targeted with SAM, which was very successful in identifying the structure of the resource to date.

“We have geochemical anomalies for gold and cobalt to the west and we hope that the SAM survey will provide multiple vectors, to increase the priority of areas for follow up pitting and trenching, before we undertake a heritage survey and ultimately drilling.”

READ: Artemis Resources closer to Radio Hill operations with tailings facility approval

Mead added: “The SAM survey will assist Artemisin formulating an Exploration Target, identifying further shallow mineralisation and using this information to look at the potential for scale of the project.”

The survey is expected to take about one week to complete with a further two weeks for interpretation by Southern Geoscience Consultants.

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Mon, 01 Jul 2019 11:15:00 -0400 https://www.proactiveinvestors.com/companies/news/223086/artemis-resources-begins-survey-in-carlow-castle-to-expand-77-million-tonnes-resource-223086.html
<![CDATA[News - Artemis Resources appoints corporate advisor for potential asset shake-up ]]> https://www.proactiveinvestors.com/companies/news/222618/artemis-resources-appoints-corporate-advisor-for-potential-asset-shake-up-222618.html Artemis Resources Ltd (ASX:ARV) has engaged independent boutique investment banking firm, Cutfield Freeman & Co. to assist in negotiations on potential corporate transactions.

The company has had numerous approaches including unsolicited offers and JV discussions from multiple parties.

This indicates significant interest in Artemis’s assets in the West Pilbara being its Radio Hill processing plant and 2,400 square kilometres of surrounding tenements.

Ongoing discussions with a large private group

Notably, Artemis has been in ongoing discussions with a large private group in regards to jointly undertaking a systematic review over the company’s tenement portfolio.

The collaboration would see the interested party’s proprietary technology utilised to potentially identify large-scale targets.

READ: Artemis Resources closer to Radio Hill operations with tailings facility approval

Artemis’s non-executive chairman Sheik Maktoum said: “Based on the numbers of enquiries we have been receiving regarding potential divestment or JV’s of our non-core assets, we considered it prudent to appoint a well-regarded mining finance and advisory firm.

“CF&Co has significant experience across the sector, and given their headquarters in London, they are a great fit for Artemis and our strategic plans.”

Cutfield Freeman & Co (CF&Co) has advised clients globally from the majors down to single asset juniors and across all commodities.

Artemis will update the market as soon as there is any formal agreement or corporate transaction.

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Mon, 24 Jun 2019 09:21:00 -0400 https://www.proactiveinvestors.com/companies/news/222618/artemis-resources-appoints-corporate-advisor-for-potential-asset-shake-up-222618.html
<![CDATA[News - Artemis Resources closer to Radio Hill operations with tailings facility approval ]]> https://www.proactiveinvestors.com/companies/news/222455/artemis-resources-closer-to-radio-hill-operations-with-tailings-facility-approval-222455.html Artemis Resources Ltd (ASX:ARV) has moved close to having the Radio Hill gold plant in WA’s Pilbara region back in operation after being granted approval for the Tailing Storage Facility (TSF) 3.

The approval has been granted via a licence amendment to the Department of Water and Environmental Regulation’s (DWER) Environment Licence L7922/1989/5.

DWER and the Department of Mines, Industry Regulation and Safety (DMIRS) have assisted Artemis with approvals for the construction and operation permits at Radio Hill.

READ: Artemis Resources raising $1.5 million for Carlow Castle resource development

Representatives from both departments have carried out multiple inspections at the Radio Hill site, which is 30 kilometres from Karratha.

Artemis’ non-executive chairman Sheik Maktoum said: “Approval for the use of TSF3 at Radio Hill is a major milestone, which brings Artemis closer to having the Radio Hill plant back into an operational state.”

Clearing permit granted

In addition, Artemis has secured a Native Vegetation Clearing Permit (NVCP) for clearing 64.52 hectares at Radio Hill.

This will provide a future footprint for long-term tailings storage in TSF4 and for access to clay material to cap and close existing TSF 1 and 2.

TSF4 will be a larger standalone 4 million tonnes tailing storage facility.

READ: Artemis Resources appoints Ed Mead as interim CEO

Sheaik Maktoum said: “Land clearing for a future tailings storage facility is approved and background work will continue on this as we focus attention on Carlow Castle metallurgy and start to revisit the gold at 47 K Patch.”

After receiving these approvals and completion of a geotechnical and engineering study, the company will work towards seeking approval for TSF4.

Gold circuit 80% complete

Radio Hill’s gravity gold circuit is around 80% complete.

A decision on beginning operations is contingent upon at least three-years of an economic ore source, or successful negotiations on toll-treating options.

READ: Artemis Resources puts Ruth Well, Pilbara sulphide resource at 152,000 tonnes

The company continues to advance the Carlow Castle Gold-Copper-Cobalt Project, which is one of the projects that could feed the Radio Hill operations and processing infrastructure.

A further round of metallurgy towards scoping study and feasibility is contingent on further metallurgical sampling.

For this purpose, Artemis is considering the best way to obtain relevant samples, which may be by large diameter diamond drilling or by excavator and pitting, due to the shallow nature of the ore body.

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Thu, 20 Jun 2019 11:02:00 -0400 https://www.proactiveinvestors.com/companies/news/222455/artemis-resources-closer-to-radio-hill-operations-with-tailings-facility-approval-222455.html
<![CDATA[News - Artemis Resources raising $1.5 million for Carlow Castle resource development ]]> https://www.proactiveinvestors.com/companies/news/222110/artemis-resources-raising-15-million-for-carlow-castle-resource-development-222110.html Artemis Resources Limited (ASX:ARV) is undertaking a share purchase plan (SPP) to raise a minimum of $1.5 million with a large amount of funds to be allocated to resource development work at the Carlow Castle Copper-Gold Project in WA's Pilbara region. 

The SPP is being lead managed and underwritten by Patersons Securities Limited to $1.5 million and shares will be issued at a 20% discount to the volume weighted average market price (VWAP) over the last five days.

Artemis chairman Sheikh Maktoum Hasher al Maktoum is participating as a sub-underwriter to the SPP to the amount of $750,000 subject to shareholder approval.

Additionally, with Patersons as Lead Manager and subject to shareholder approval, the company may also undertake an offer of new shares to sophisticated investors at the same price as those under the SPP to raise up to a further $1.5 million before costs.

READ: Artemis Resources to focus on gold producer status via Carlow Castle

Under the SPP eligible shareholders will be given the opportunity to purchase up to $15,000 worth of new shares in the company at a discount and without incurring brokerage or transaction costs.

Eligible shareholders will be able to participate in the SPP by subscribing for shares in multiples of $2,500 subject to a scale back at the directors’ discretion and the listing rules.

READ: Artemis Resources and partner moving towards 100,000 tonne sampling at Purdy’s Reward

Funds raised from the SPP will be used to fund the following proposed work programs:

Begin a sub-audio magnetic survey (SAM) of possible extensions at Carlow Castle West; Complete a heritage survey over Carlow Castle West; Begin diamond drilling at Carlow Castle to move the project towards feasibility by increasing the JORC resource classification and continuing metallurgical programs; Advance the Armada project with geochemical sampling; Debt reduction – with 30% of the SPP proceeds to reduce debt; and Working capital requirements.

Carlow Castle is 10 kilometres south of Roebourne in Western Australia and hosts a JORC inferred mineral resource of 7.7 million tonnes at 1.06 g/t gold, 0.51% copper and 0.08% cobalt.

The gold-copper resource was updated in March 2019 by 71% from its previous 418,000 tonnes of gold at 3 g/t and 0.6% copper for a total of 40,000 ounces og gold and 2,500 tonnes of copper.

At the time previous Artemis chief executive officer Wayne Bramwell said: “This has really enthused us and we’re gaining confidence with this ore body all the time.”

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Fri, 14 Jun 2019 11:09:00 -0400 https://www.proactiveinvestors.com/companies/news/222110/artemis-resources-raising-15-million-for-carlow-castle-resource-development-222110.html
<![CDATA[News - Artemis Resources and partner moving towards 100,000 tonne sampling at Purdy’s Reward ]]> https://www.proactiveinvestors.com/companies/news/221088/artemis-resources-and-partner-moving-towards-100000-tonne-sampling-at-purdys-reward-221088.html Artemis Resources Ltd’s (ASX:ARV) (FRA:ATY) joint venture partner Novo Resources Corp (CVE:NVO) has completed a mineralisation report and an outline of future work at the Purdy’s Reward Conglomerate Gold Project in WA.

Importantly, the mineralisation report will be used to gain approvals for a large sampling of up to 100,000 tonnes in total.

Novo is the manager of the Purdy’s Reward project under a 50/50 Artemis – Novo joint venture arrangement.

Location of amenable large-scale bulk sampling areas as yellow squares

Artemis executive director Ed Mead said: “Novo is utilising advances in computer processing and mechanical ore sorting technology to allow the concentration and estimation of grade from sufficiently large volumes, to then generate resources and economic models.

“This process derives from the traditional sampling, grade estimation and geostatistical principles, just on a significantly larger scale.

“We look forward to working with Novo to advance the conglomerate gold story and the holistic approach Novo is taking on all their gold projects, which can be mirrored at Purdy’s Reward, to unlock the path forward on conglomerate gold.”

Project development strategy and future work

The project development strategy proposed for Purdy’s Reward closely mirrors that at Novo’s Beatons Creek Gold Project, about 350 kilometres east of Karratha, which recently culminated in the granting of mining leases.

The nuggety nature of gold in conglomerates at Beatons Creek required utilization of 50-kilogram bulk samples to augment traditional exploration and sampling techniques.

Following these small-scale bulk samples, a large-scale bulk sampling exercise consisting of around 30,000 tonnes of gold bearing material was excavated and 9,680 tonnes processed to confirm grades.

Exploration to continue during the 2019 winter field season

A key difference between Beatons Creek and Purdy’s Reward is that Purdy’s Reward exhibits much larger gold nuggets, requiring a substantially larger sample (of the order of 100,000 tonnes) to adequately assess gold grade.

The coarse nature of the mineralisation also requires development of a tailored grade control regime and processing flowsheet that ensures successful definition of bulk sample grades.

Exploration including mapping, diamond drilling and bulk samples where appropriate, will continue to the north east of Purdy’s Reward during the 2019 winter field season.

Artemis non-executive chairman Sheik Maktoum said: “I am pleased that after a focus on baseline studies and approvals towards mining, that Novo will recommence on ground exploration to verify the potential continuation of the gold bearing conglomerates.

“The work program has the potential to significantly increase the value of Purdy’s Reward.”

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Wed, 29 May 2019 11:27:00 -0400 https://www.proactiveinvestors.com/companies/news/221088/artemis-resources-and-partner-moving-towards-100000-tonne-sampling-at-purdys-reward-221088.html
<![CDATA[News - Artemis Resources appoints Ed Mead as interim CEO ]]> https://www.proactiveinvestors.com/companies/news/220082/artemis-resources-appoints-ed-mead-as-interim-ceo-220082.html Artemis Resources Ltd (ASX:ARV) has appointed current executive director Ed Mead as interim chief executive officer following the resignation of Wayne Bramwell to pursue other professional opportunities.

Bramwell will remain with the company until August 6, 2019, to ensure a smooth transition.

Artemis Resources non-executive chairman Sheikh Maktoum Hasher al Maktoum said: “I think Wayne for his service to Artemis, in particular during the brief time I have been chairman.

“I wish him the best in his future endeavours.”

READ: Artemis Resources puts Ruth Well Pilbara sulphide resource at 152,000 tonnes

Earlier this month the Dubai royal-chaired company increased the indicated sulphide resource at its Ruth Well Nickel-Copper Project in the west Pilbara, which grades 0.63% nickel and 0.47% copper.

Artemis drilled 2,839 metres with 37 reverse circulation drill holes and 84.3 metres in one diamond drill hole at Ruth Well.

Ruth Well indicated resource

Mead said at the time: “Artemis sees a greater regional opportunity in this area for gold and as such the Monarch and Conqueror gold targets will take precedent over base metal investigation across these tenements.

“A heritage survey will also begin over these prospects this quarter.”

Drilling of the Ruth Well nickel-copper deposit aimed to verify older drilling and improve the definition of the resource.

Previous drilling in and around Ruth Well comprised 426 drill holes including open hole percussion, RAB, RC and diamond drilling for about 18,827 metres.

READ: Artemis Resources identifies three new gravity targets at Armada

In April the company identified three new gravity targets at its 100%-owned Armada licence in the Paterson Range of Western Australia.

The three new targets – Bandi, Orion and Romulan - are 4 kilometres from Greatland Gold PLC’s (LONG:GGP) Havieron gold and copper discovery.

The recent and airborne magnetic surveying identified 11 new targets, which have been ranked in priority for follow-up exploration.

Mead added: “The Artemis board sees the Paterson Ranges as highly prospective and the Armada prospect as a high value greenfields target.”

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Mon, 13 May 2019 10:05:00 -0400 https://www.proactiveinvestors.com/companies/news/220082/artemis-resources-appoints-ed-mead-as-interim-ceo-220082.html
<![CDATA[News - Artemis Resources puts Ruth Well, Pilbara sulphide resource at 152,000 tonnes ]]> https://www.proactiveinvestors.com/companies/news/219746/artemis-resources-puts-ruth-well-pilbara-sulphide-resource-at-152000-tonnes-219746.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTCMKTS:ARTTF) has reported a 152-kilotonne indicated sulphide resource for its 70%-owned Ruth Well Nickel-Copper Project in the West Pilbara area of Western Australia.

The indicated resource, which grades 0.63% nickel and 0.47% copper, contains 965 tonnes nickel and 713 tonnes copper.

READ: Artemis Resources identifies three new gravity targets at Armada

Ruth Well is a cobalt-copper-zinc deposit found about 185 kilometres south of regional city Karratha, at Whundo and the Munni Munni project.

Munni Munni exploration project is 18 kilometres from Radio Hill — where Artemis has a processing plant — on the Karratha-Tom Price sealed road and hosts conglomerate gold targets.

It also features Australia’s largest platinum group elements (PGE) resource.

Munni Munni had a historical measured, indicated and inferred mineral resource of 23.6 million tonnes grading 1.1 g/t gold and 1.5 g/t platinum using a cut-off of 1.9 g/t platinum group elements and gold, in 2002 and 2003.

Artemis had earned a 70% share of the Munni Munni joint venture project from Platina Resources Limited (ASX:PGM) (FRA:P4R) (OTCMKTS:PTNUF).

 

West Perth-based Artemis drilled 2,839 metres with 37 reverse circulation (RC) drill holes at Ruth Well and 84.3 metres in one diamond drill hole to report its indicated resource today.

Artemis executive director Ed Mead told the market: “This early-stage drilling has defined a small nickel-copper target at Ruth Well.

“Complementary targets such as the Zac prospect — to the west of Ruth Well — exist with both showing strong electromagnetic anomalism that may provide additional tonnage.”

Artemis reported today it had also found a “small tonnage of oxide material” but had not included the small resource in its estimate because of its size and the lack of a suitable processing facility nearby to treat oxide material.

READ: Artemis Resources outlines 5,000-metre program at Carlow Castle

Novo Resources Corp (CVE:NVO) joint venture partner Artemis plans to use its Radio Hill plant near Karratha for processing material from its projects, including Carlow Castle and the 605-square kilometre Armada prospect on Paterson Range.

Artemis' tenure in the Pilbara covers 2,400 square kilometres of prospective gold, base and battery metals ground.

Mead said today: “Artemis sees a greater regional opportunity in (the Ruth Well) area for gold.

"As such, the Monarch and Conqueror gold targets will take precedent over further base metal investigation across these tenements and a heritage survey will commence over these prospects this quarter.”

READ: Artemis Resources to focus on gold producer status via Carlow Castle

Artemis’ flagship Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara features 7.7 million tonnes grading 1.06 g/t gold, 0.51% copper and 0.08% cobalt.

Armada surrounds Greatland Gold PLC (LON:GGP) and Newcrest Mining Limited’s (ASX:NCM) (FRA:NMA) (OTCMKTS:NCMGF) high-profile Havieron Gold-Copper Project project on three sides.

Greatland previously intersected 275 metres grading 4.77 g/t gold and 0.61% copper only 30 kilometres from Newcrest’s 27-million ounce Telfer Gold Mine, later forming a $US65 million JV with the miner.

BIG PICTURE: Artemis Resources advances Carlow Castle and Armada assets amid big finds by neighbours

The prospectivity of the region has been highlighted by stand-out discoveries controlled by Greatland and major miner Rio Tinto Limited (ASX:RIO) (LON:RIO) (NYSE:RIO) (OTCMKTS:RTNTF).

Rio's best intersections at “Winu” included 104 metres grading 0.8% copper, 0.28 g/t gold and 4.35 g/t silver.

Artemis plans to spend $560,000 on exploration and evaluation in the June quarter of 2019.

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Mon, 06 May 2019 22:15:00 -0400 https://www.proactiveinvestors.com/companies/news/219746/artemis-resources-puts-ruth-well-pilbara-sulphide-resource-at-152000-tonnes-219746.html
<![CDATA[Media files - Artemis Resources focused on transition to cash flow after strategic review ]]> https://www.proactiveinvestors.com/companies/stocktube/12763/artemis-resources-focused-on-transition-to-cash-flow-after-strategic-review-12763.html Wed, 27 Mar 2019 20:11:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12763/artemis-resources-focused-on-transition-to-cash-flow-after-strategic-review-12763.html <![CDATA[Media files - Artemis Resources plans diamond drilling at Carlow Castle after 71% boost in JORC resource ]]> https://www.proactiveinvestors.com/companies/stocktube/12501/artemis-resources-plans-diamond-drilling-at-carlow-castle-after-71-boost-in-jorc-resource-12501.html Wed, 06 Mar 2019 19:54:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12501/artemis-resources-plans-diamond-drilling-at-carlow-castle-after-71-boost-in-jorc-resource-12501.html <![CDATA[News - Artemis Resources advances Carlow Castle and Armada assets amid big finds by neighbours ]]> https://www.proactiveinvestors.com/companies/news/215879/artemis-resources-advances-carlow-castle-and-armada-assets-amid-big-finds-by-neighbours-215879.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTC:ARTFF) has progressed its flagship Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia this year with a 71% resource upgrade.

The JORC resource upgrade puts the inferred resource at 7.7 million tonnes grading 1.06 g/t gold, 0.51% copper and 0.08% cobalt.

This quarter, the company has also undergone a board and management-level restructure and been granted a tenement for its Armada prospect in the East Pilbara district near Greatland Gold plc's (LON:GGP) now famed Havieron project.

Greatland’s prize intersection from the Paterson province project featured 275 metres grading 4.77 g/t gold and 0.61% copper.

Havieron’s discovery is just 30 kilometres from Newcrest Mining Limited’s (ASX:NCM) (FRA:NMA) (OTCMKTS:NCMGF) 27 million ounce Telfer gold mine.

READ: Artemis Resources boosts Carlow Castle JORC resource by 71%

Artemis has a JV with Novo Resources Corp (CVE:NVO) and plans to use its Radio Hill plant near Karratha for processing material from its projects, including Carlow Castle and the 605-square kilometre Armada prospect on Paterson Range.

Eight exploration targets have been identified at Armada with an airborne magnetic survey.

Armada is also near big miner Rio Tinto Limited (ASX:RIO) (LON:RIO) (NYSE:RIO) (OTCMKTS:RTNTF) which shared details of its own major copper discovery at Winu project iast week.

Rio's best intersections at Winu included 104 metres grading 0.8% copper, 0.28 g/t gold and 4.35 g/t silver.

Metalicity Ltd (ASX:MCT) is another company on the range securing tenure in light of recent big discoveries.

READ: Artemis Resources granted Armada tenement; drilling program planned

Carlow Castle is Artemis' flagship project and the company believes it is amenable to gold, copper and cobalt conventional processing.

Artemis chief executive officer Wayne Bramwell said last month: “Artemis is encouraged by the amenability of the deposit to conventional processing options and the excellent recoveries of the three key minerals.

“Gold and high-grade copper concentrates will be the primary value drivers at Carlow Castle with cobalt representing a third and valuable product stream that should appeal to many potential offtake partners.”

READ: Artemis Resources confirms amenability of Carlow Castle gold, copper and cobalt to conventional processing

The company has undergone a number of key people changes as it restructured its board and senior management.

David Lenigas resigned as a director and executive chairman to focus on family and other business interests, vacating his seat at the boardroom table for new chairman, His Highness Sheikh Maktoum Hasher al Maktoum.

The Dubai royal family member is president of Al Fajer Group, chairman of Dubai International Holdings, chairman of Manannan Hydro Limited and a board member of Commercial Bank of Dubai.

Al Maktoum has since upped his stake in Artemis to 10.15 million shares.

 

Director Alex Duncan-Kemp also resigned as a director and was replaced by Minerva Corporate commercial director Dan Smith who is a non-executive director of Europa Metals Ltd (ASX:EUZ), Lachlan Star Ltd (ASX:LSA), HIPO Resources Ltd (ASX:HIP) and White Cliff Minerals Ltd (ASX:WCN).

WATCH: Artemis Resources executive director updates on gold and base metals projects

Artemis describes itself as the “first West Pilbara company to consolidate a significant portfolio of base, battery and precious metal assets with a strategically-located processing plant”.

It has 2,400 square kilometres of “the Pilbara’s best gold, base and battery tenure”.

The company hopes to adopt an adaptive strategy as it aims to be a producer with a long life.

Artemis' corporate strategy is to “be nimble corporately, explore aggressively and systematically advance our mineral resources to support the transformation of our 100%-owned Radio Hill operation into a long-term producer of gold, base and battery metal concentrates.”

Armada is in the East Pilbara, in Paterson Range territory

The company’s Armada exploration and Carlow Castle resource upgrade and preliminary metallurgical work have been bankrolled with $5.4 million of funding from UK-based institutional group Riverfort Global Capital Limited.

At Artemis' Armada prospect, which is about 1,280 kilometres north-northeast of Perth, O’Callaghan’s tungsten-copper deposit and Metals X Limited's (ASX:MLX) Nifty Copper Mine are also in the neighbourhood.

Artemis’ eight Armada targets

READ: Artemis Resources secures $5.4 million, commences airborne survey

Artemis executive director Ed Mead reported in January: “The latest airborne survey undertaken by Artemis has identified a large number of very prospective exploration targets surrounding Havieron, with the Kzinti target as close as only 2.5 kilometres away and on the Greatland/Artemis tenement boundary.

“Artemis surrounds Havieron on three sides and right now we see this project as one of the most exciting in the company’s extensive Pilbara tenement portfolio.”

READ: Artemis Resources identifies 8 new targets from airborne survey

Then speaking to Proactive Investors’ Stocktube video channel, Mead said “Armada’s prospect is a very exciting project."

“We’ve just completed some airborne magnetic data, and from that we’ve got an initial eight targets, and we’re in the process now of completing further processing and version models.”

 

Mead also updated investors on the company’s pipeline.

Artemis’ focus includes Radio Hill in WA’s West Pilbara region, a wholly-owned project that consists of a mine and a shuttered plant, which the company hopes to reopen.

READ: Artemis Resources releases another new JORC resource

The flagship Carlow Castle project is another priority for the company which has described it as “the best scalable gold-copper-cobalt deposit in Australia”.

Mead told Stocktube: “Over a period of time we’ve managed to secure some quite exciting projects.

“We are in the Radio Hill plant in Karratha.

“We’ve got a number of very exciting early-stage gold projects, but we’ve also got Carlow Castle which is … a great gold, copper and cobalt project.

“And on the back of that, we’ve got ... pegging ground in the Paterson’s Range last year.”

Significant mineral discoveries in Western Australia

READ: Artemis Resources recommences drilling at Carlow Castle, resource update pending

Radio Hill facility is a 0.5 million tonne gold and base metal concentrator 30 kilometres from the Pilbara centre of Karratha.

The West Pilbara facility is the only plant in the Karratha area, and Artemis is at the permitting stage in its bid to reopen the plant.

West Perth-based Artemis released a new JORC resource for the 100%-owned Radio Hill mine last month.

Found in a shallow upper portion, the new nickel-copper-cobalt resource was in the indicated resource and featured 1.15 million tonnes grading 0.52% nickel, 0.73% copper and 277ppm cobalt.

The new resource is about 400 metres from Radio Hill plant.

Mead told the market in December 2018: “Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

Artemis holdings in the Pilbara region, near Karratha and Dampier port

READ: Artemis Resources boosts gold resource at Weerianna

At the 100%-owned Carlow Castle project, Artemis restarted drilling in December, as it aimed to define strike extensions to the east and west of the drilling used in its existing resource.

Results from the program were combined with near-on 24,000 metres of other exploration data to produce the resource update published yesterday.

The company also planned to design a resource development drill program scheduled for this quarter.

First-pass metallurgical results reported in November indicated Carlow Castle was amenable to low-cost gravity gold recovery and base metal flotation processes.

Artemis wants to turn Carlow Castle into a mining operation and process its ore at Radio Hill plant.

READ: Artemis Resources first pass met work supports low-cost processing

Shallow trenching at Weerianna Project

Another company project the explorer would like to use as feedstock for the plant is its 80%-owned Weerianna Gold Project, also in the West Pilbara.

Only 35 kilometres by road from Radio Hill, Weerianna has a JORC-compliant Inferred resource of 975,000 tonnes grading 2.0 g/t gold for 62,739 ounces of contained gold.

The resource was last updated in December.

Artemis noted in December further exploration at Weerianna would be ranked, reviewed and prioritised in 2019.

READ: Artemis Resources begins trading on OTCQB Venture Market in the US

CEO Wayne Bramwell reported on December 19, 2018: “Artemis has drilled 37,000 metres across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure.

“Weerianna has only been drilled to an average depth of 69 metres and as a shallow, quartz vein-style gold resource may have the potential to increase in scale with deeper drilling.”

The company’s joint venture with Novo Resources allows the parties to explore for conglomerate and paleo-placer gold deposits on 38 Artemis tenements within 100 kilometres of Karratha.

Artemis believes the JV derisks its gold strategy.

The company also has the Ruth Well high-grade nickel project, a high-grade cobalt-copper-zinc deposit at Whundo and the Munni Munni project.

 

 

 

Munni Munni is 20 kilometres from Radio Hill and hosts conglomerate gold targets and Australia’s largest platinum group elements (PGE) resource.

Artemis earned a 70% share of the joint venture project from Platina Resources Limited (ASX:PGM) (FRA:P4R) (OTCMKTS:PTNUF).

Munni Munni had a historical measured, indicated and inferred mineral resource of 23.6 million tonnes grading 1.1 g/t gold and 1.5 g/t platinum using a cut-off of 1.9 g/t platinum group elements and gold, in 2002 and 2003.

The company is hoping to explore Munni Munni for the ore that sparked a rush in the Pilbara — gold.

— with Danielle Doporto, Tharun George

 

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Wed, 06 Mar 2019 16:15:00 -0500 https://www.proactiveinvestors.com/companies/news/215879/artemis-resources-advances-carlow-castle-and-armada-assets-amid-big-finds-by-neighbours-215879.html
<![CDATA[Media files - Artemis Resources chief details flow sheet test work and next steps for Carlow Castle ]]> https://www.proactiveinvestors.com/companies/stocktube/12177/artemis-resources-chief-details-flow-sheet-test-work-and-next-steps-for-carlow-castle-12177.html Tue, 12 Feb 2019 12:43:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12177/artemis-resources-chief-details-flow-sheet-test-work-and-next-steps-for-carlow-castle-12177.html <![CDATA[News - Artemis Resources confirms amenability of Carlow Castle gold, copper and cobalt to conventional processing ]]> https://www.proactiveinvestors.com/companies/news/214319/artemis-resources-confirms-amenability-of-carlow-castle-gold-copper-and-cobalt-to-conventional-processing-214319.html Artemis Resources Ltd’s (ASX:ARV) (FRA:ATY) preliminary metallurgical test work has confirmed the effective separation and high recoveries of gold, copper and cobalt via conventional process routes for its Carlow Castle Project in Western Australia.

Preliminary test work on two composite samples indicates:
• Total recovered gold of 98-99% with significant coarse, gravity recoverable gold up to 48%;
• Total recovered copper of 77-85% with flotation producing premium grade concentrates of about 30% copper;
• Total recovered cobalt of 73-79% with flotation producing concentrates of 2.3 – 5.3% cobalt; and
• Gold not recovered via flotation amenable to cyanide leach process.

READ: Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara

Artemis chief executive officer Wayne Bramwell said: “Artemis is encouraged by the amenability of the deposit to conventional processing options and the excellent recoveries of the three key minerals.

“Gold and high-grade copper concentrates will be the primary value drivers at Carlow Castle with cobalt representing a third and valuable product stream that should appeal to many potential off-take partners.”

Summary of optimised results

Artemis completed the preliminary metallurgical test work at ALS Metallurgy in Western Australia.

Outcomes specific to the metallurgical response and recovery for the three target commodities are proposed to be used for further project development evaluations.

Next steps

The Carlow Castle gold-copper-cobalt process flowsheet currently targets conventional, low cost processes with the copper and gold process routes essentially proven.

Options exist to refine the cobalt concentrate quality with the next phase of the geo-metallurgical program to support the optimal process scale and flowsheet selection.

READ: Artemis Resources appoints Dubai royalty to chairman position

The results of the metallurgical test work program and forthcoming resource update will provide Artemis with a basis to plan and advance project development activities including:

• Resource and pit optimisation;
• Structural and geotechnical drilling;
• Generation of representative metallurgical master composites;
• Engineering trade-off studies to attain the optimal process flowsheet and major equipment selections;
• Project economics and project viability; and
• Engineering and feasibility studies.

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Mon, 11 Feb 2019 13:36:00 -0500 https://www.proactiveinvestors.com/companies/news/214319/artemis-resources-confirms-amenability-of-carlow-castle-gold-copper-and-cobalt-to-conventional-processing-214319.html
<![CDATA[News - Artemis Resources puts $5.4 million to use on Carlow Castle and Armada in Pilbara ]]> https://www.proactiveinvestors.com/companies/news/213196/artemis-resources-puts-54-million-to-use-on-carlow-castle-and-armada-in-pilbara-213196.html Artemis Resources Ltd (ASX:ARV) (FRA:ATY) (OTC:ARTFF) has updated investors on its pipeline of projects as the company finalises a resource update for its flagship Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia early this year.

A week ago the company also shared news on an exploration prospect separate to its main group of projects - Armada in the East Pilbara region.

WATCH: Artemis Resources executive director updates on gold and base metals projects

Artemis describes itself as the “first West Pilbara company to consolidate a significant portfolio of base, battery and precious metal assets with a strategically-located processing plant.”

It has 2,400 square kilometres of what it calls “the Pilbara’s best gold, base and battery tenure”.

The company hopes to adopt an adaptive strategy as it aims to be a producer with a long life.

Artemis wrote yesterday in a presentation that its strategy was to “be nimble corporately, explore aggressively and systematically advance our mineral resources to support the transformation of our 100%-owned Radio Hill operation into a long-term producer of gold, base and battery metal concentrates”.

Armada is in the East Pilbara, in Paterson Range territory

The company’s Armada exploration and Carlow Castle resource upgrade and preliminary metallurgical work have been bankrolled with $5.4 million of funding from UK-based institutional group Riverfort Global Capital Limited.

Artemis now has eight exploration targets at the 605-square kilometre Armada prospect on Paterson Range after eight targets were identified with an airborne magnetic survey.

The targets are in a 22-kilometre radius of Greatland Gold PLC’s (LON:GGP) Havieron project where the neighbour intersected 275 metres grading 4.77 g/t gold and 0.61% copper from 459 metres.

Havieron is just 30 kilometres from Newcrest Mining Limited’s (ASX:NCM) (FRA:NMA) (OTCMKTS:NCMGF) 27 million ounce Telfer gold mine.

The Armada ground is also near big miner Rio Tinto, which is rumoured to have made a major copper discovery in Paterson province.

O’Callaghan’s tungsten-copper deposit and Metals X Limited (ASX:MLX) Nifty Copper Mine are also in the neighbourhood.

Paterson Range is about 1,280 kilometres north-northeast of Perth.

Artemis’ eight Armada targets

READ: Artemis Resources secures $5.4 million, commences airborne survey

Artemis executive director Ed Mead told the market a week ago: “The latest airborne survey undertaken by Artemis has identified a large number of very prospective exploration targets surrounding Havieron, with the Kzinti Target as close as only 2.5 kilometres away and on the Greatland/Artemis tenement boundary.

“Artemis surrounds Havieron on three sides and right now we see this project as one of the most exciting in the company’s extensive Pilbara tenement portfolio.”

READ: Artemis Resources identifies 8 new targets from airborne survey

Speaking to Proactive Investors’ Stocktube video channel this week, Mead said “Armada’s prospect is a very exciting project.

“We’ve just completed some airborne magnetic data, and from that we’ve got an initial eight targets, and we’re in the process now of completing further processing and version models.

“Based on what we’ve seen so far, we’ve initiated a gravity survey, which will integrate with the magnetics, and hopefully we’ll be starting to complete that within the next week or so.”

 

Mead also updated investors on the company’s pipeline.

Artemis’ focus includes Radio Hill in WA’s West Pilbara region, a wholly-owned project that consists of a fully-owned mine and a shuttered 100%-owned plant which the company hopes to reopen.

READ: Artemis Resources releases another new JORC resource

The flagship Carlow Castle project in West Pilbara is another priority for the company which has described it as “the best scalable gold-copper-cobalt deposit in Australia”.

Mead told Stocktube: “Over a period of time we’ve managed to secure some quite exciting projects.

“We are in the Radio Hill plant in Karratha.

“We’ve got a number of very exciting early-stage gold projects, but we’ve also got Carlow Castle which is … a great gold, copper and cobalt project.

“And on the back of that, we’ve got ... pegging ground in the Paterson’s Range last year.”

Significant mineral discoveries in Western Australia

READ: Artemis Resources recommences drilling at Carlow Castle, resource update pending

Radio Hill facility is a 0.5 million tonne gold and base metal concentrator 30 kilometres from the Pilbara centre of Karratha.

The West Pilbara facility is the only plant in the Karratha area, and Artemis is at the permitting stage in its bid to reopen the plant.

West Perth-based Artemis released a new JORC resource for the 100%-owned Radio Hill mine last month.

Found in a shallow upper portion, the new nickel-copper-cobalt resource was in the indicated resource and featured 1.15 million tonnes grading 0.52% nickel, 0.73% copper and 277ppm cobalt.

The new resource is about 400 metres from Radio Hill plant.

Mead told the market in December 2018: “Further resource development work is required to determine the optimum means to monetise the project and this work will be reviewed in 2019.”

Artemis holdings in the Pilbara region, near Karratha and Dampier port

READ: Artemis Resources boosts gold resource at Weerianna

At the 100%-owned Carlow Castle project, Artemis restarted drilling last month, as it aimed to define strike extensions to the east and west of the drilling used in its existing resource.

Results from the program were to be combined with near-on 24,000 metres of other exploration data to produce the resource update in the March 2019 quarter.

The company also planned to design a resource development drill program scheduled for the March quarter.

First-pass metallurgical results reported in November 2018 indicated Carlow Castle was amenable to low-cost gravity gold recovery and base metal flotation processes.

Artemis wants to turn Carlow Castle into a mining operation and process its ore at Radio Hill plant.

READ: Artemis Resources first pass met work supports low-cost processing

Shallow trenching at Weerianna Project

Another company project the explorer would like to use as feedstock for the plant is its 80%-owned Weerianna Gold Project, also in the West Pilbara.

Only 35 kilometres by road from Radio Hill, Weerianna has a JORC-compliant Inferred resource of 975,000 tonnes grading 2.0 g/t gold for 62,739 ounces of contained gold.

The resource was last updated in December 2018.

Artemis noted last month further exploration at Weerianna would be ranked, reviewed and prioritised in 2019.

READ: Artemis Resources begins trading on OTCQB Venture Market in the US

Artemis chief executive officer Wayne Bramwell reported on December 19, 2018: “Artemis has drilled 37,000 metres across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure.

“Weerianna has only been drilled to an average depth of 69 metres and as a shallow, quartz vein-style gold resource may have the potential to increase in scale with deeper drilling.”

The company’s joint venture with Novo Resources Corp (CVE:NVO) allows the parties to explore for conglomerate and paleo-placer gold deposits on 38 Artemis tenements within 100 kilometres of Karratha.

Artemis believes the JV derisks its gold strategy.

The company also has the Ruth Well high-grade nickel project, a high-grade cobalt-copper-zinc deposit at Whundo and the Munni Munni project.

 

 

 

Munni Munni is 20 kilometres from Radio Hill and hosts conglomerate gold targets and Australia’s largest platinum group elements (PGE) resource.

Artemis earned a 70% share of the joint venture project from Platina Resources Limited (ASX:PGM) (FRA:P4R) (OTCMKTS:PTNUF).

Munni Munni had a historical measured, indicated and inferred mineral resource of 23.6 million tonnes grading 1.1 g/t gold and 1.5 g/t platinum using a cut-off of 1.9 g/t platinum group elements and gold, in 2002 and 2003.

The company is hoping to explore Munni Munni for the ore that sparked a rush in the Pilbara - gold.

Artemis’ quarterly activities report is expected later this month.

— with Danielle Doporto, Tharun George

 

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Wed, 23 Jan 2019 16:30:00 -0500 https://www.proactiveinvestors.com/companies/news/213196/artemis-resources-puts-54-million-to-use-on-carlow-castle-and-armada-in-pilbara-213196.html
<![CDATA[Media files - Artemis Resources' executive director updates on gold and base metals projects ]]> https://www.proactiveinvestors.com/companies/stocktube/11939/artemis-resources--executive-director-updates-on-gold-and-base-metals-projects-11939.html Tue, 22 Jan 2019 15:27:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11939/artemis-resources--executive-director-updates-on-gold-and-base-metals-projects-11939.html <![CDATA[News - Artemis Resources secures $5.4 million, commences airborne survey ]]> https://www.proactiveinvestors.com/companies/news/210262/artemis-resources-secures-54-million-commences-airborne-survey-210262.html Artemis Resources Ltd (ASX:ARV) has secured around $5.4 million in funding from UK-based institutional group Riverfort Global Capital Limited.

The funding will be applied to exploration activities at the Armada Project and the next resource upgrade and preliminary metallurgical work from the Carlow Castle Project.

The Armada Project surrounds Greatland Gold PLC’s (LON:GGP) Haverion Project on three sides, where drilling this year discovered 121 metres at 2.93 g/t gold and 0.23% copper.

READ: Artemis Resources to commence magnetic survey in emerging Patersons Range region

Artemis’s executive chairman David Lenigas said: “Armada is a new and exciting opportunity, especially on the back of recent drilling success by Greatland Gold on its Havieron gold-copper project.

“Artemis has an exploration licence application over 600 square kilometres strategically located alongside Havieron, with interest in this area significant at present.

Funding comes at a valuable time

“This new funding allows Artemis to start exploration at Armada and finalise the next resource upgrade and preliminary metallurgical results from our Carlow Castle Gold-Copper-Cobalt Project near Karratha, whilst we await key approvals from the WA Government for our Radio Hill tailings facility.”

“We believe this funding package is important to the company, as it keeps us well-funded at a time we want to be advancing our projects on multiple fronts and don’t want to be slowed by global markets not generally favourable to junior resources companies.”

READ: Artemis Resources first pass met work supports low cost processing

Earlier this week, Artemis received initial results from its metallurgical program underway at the Carlow Castle Gold-Copper-Cobalt Project in Western Australia.

Importantly, the first pass metallurgical program indicated that Carlow Castle is amenable to low cost gravity gold recovery and base metal flotation processes.

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Fri, 30 Nov 2018 12:02:00 -0500 https://www.proactiveinvestors.com/companies/news/210262/artemis-resources-secures-54-million-commences-airborne-survey-210262.html
<![CDATA[News - Artemis Resources to commence magnetic survey in emerging Patersons Range region ]]> https://www.proactiveinvestors.com/companies/news/209714/artemis-resources-to-commence-magnetic-survey-in-emerging-patersons-range-region-209714.html Artemis Resources Ltd (ASX:ARV) will commence exploration at its 600-square-kilometre Armada Project in the Patersons Range region of Western Australia.

The project surrounds Greatland Gold PLC’s (LON:GGP) Haverion Project on three sides, where drilling this year discovered 121 metres at 2.93 g/t gold and 0.23% copper.

A review of all geophysical data from Armada has been completed with magnetic features in coarse airborne magnetic data confirming structures of interest exist.

A high resolution airborne magnetic survey is being planned.

READ: Artemis Resources Ltd begins trading on OTCQB Venture Market in the US

Artemis’ executive director Ed Mead said: “With increasing newsflow about Rio Tinto’s exploration efforts in the Patersons Range and the recent excellent gold/copper results from Greatland Gold’s Haverion Project that is contiguous to Artemis’ Armada Prospect, the time to further investigate our ground is right. To kick off our exploration in this highly prospective region a detailed high resolution magnetic survey will now commence.”

Armada is located in a region featuring several known mineral discoveries.

These include Newcrest Mining Limited’s (ASX:NCM) large Telfer gold-copper mine and O’Callaghan’s tungsten-copper deposit and Metals X Limited (ASX:MLX) Nifty Copper Mine.

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Thu, 22 Nov 2018 10:44:00 -0500 https://www.proactiveinvestors.com/companies/news/209714/artemis-resources-to-commence-magnetic-survey-in-emerging-patersons-range-region-209714.html
<![CDATA[News - Artemis Resources Ltd begins trading on OTCQB Venture Market in the US ]]> https://www.proactiveinvestors.com/companies/news/209632/artemis-resources-ltd-begins-trading-on-otcqb-venture-market-in-the-us-209632.html Artemis Resources Ltd (ASX:ARV) (OTCQB:ARTTF) (FRA:ATY) has officially started trading on the OTCQB Venture Market in the United States.

This market is for early stage and developing international and US companies.

It offers the benefits of being publicly traded in the US with lower cost and complexity than a US exchange listing.

READ: Artemis Resources gains new substantial shareholder

To be eligible, international companies must be current in their local market and undergo an annual verification and management certification process.

The company said it had traded actively on the ‘OTC Pinks’ for some time and the move to the OTCQB would allow all brokers in the US to trade Artemis.

Chief executive officer Wayne Bramwell said: “Trading on the full OTCQB Venture Market allows Artemis to engage a far broader network of US investors, data distributors and media partners.

“This ensures US investors have greater access to the same high-quality information that is available to our Australian and European investors.

"This will assist in greatly raising the company’s profile in the US, as we advance our new and expanding cobalt, gold and copper assets in the Pilbara.”

READ: Artemis Resources sampling identifies three large new gold targets in West Pilbara

Sampling by Artemis has led to the identification of three new large gold geochemical targets within 30 kilometres of its Radio Hill processing plant (below) in the West Pilbara region of Western Australia.

The targets – Patterson’s Hut, Ruth Well North and Pipeline – were identified in the first regional-scale compilation of geochemical data in the Karratha region.

This program also resulted in Artemis identifying new extensions at the existing Silica Hills and Nickol River targets.

Artemis is ranking and prioritising targets with plans for first pass aircore drilling being developed following receipt of Plan of Work and heritage approvals.

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Wed, 21 Nov 2018 12:55:00 -0500 https://www.proactiveinvestors.com/companies/news/209632/artemis-resources-ltd-begins-trading-on-otcqb-venture-market-in-the-us-209632.html
<![CDATA[Media files - Artemis Resources' exploration work 'dispels myths about the Pilbara' ]]> https://www.proactiveinvestors.com/companies/stocktube/11126/artemis-resources-exploration-work-dispels-myths-about-the-pilbara--11126.html Wed, 07 Nov 2018 15:15:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11126/artemis-resources-exploration-work-dispels-myths-about-the-pilbara--11126.html <![CDATA[Media files - Artemis Resources sees Carlow Castle as "the top of the pack" ]]> https://www.proactiveinvestors.com/companies/stocktube/11089/artemis-resources-sees-carlow-castle-as-the-top-of-the-pack--11089.html Fri, 02 Nov 2018 09:09:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/11089/artemis-resources-sees-carlow-castle-as-the-top-of-the-pack--11089.html <![CDATA[News - Artemis Resources identifies multiple new high-priority cobalt targets ]]> https://www.proactiveinvestors.com/companies/news/207977/artemis-resources-identifies-multiple-new-high-priority-cobalt-targets-207977.html Artemis Resources Ltd (ASX:ARV) has completed the first systematic consolidation of regional scale geochemical data to identify new cobalt targets in the West Pilbara region.

The Fenceline target, for example, is a strong 2,000-metre cobalt signature and these targets are now being ranked and prioritised for follow-up assessment.

READ: Artemis Resources processing facility attracts attention from Canadian explorer

Artemis’ director Ed Mead said: “Cobalt has been known about in this region since the early 1920s but no province wide assessment has been undertaken until now.

“This first regional compilation of historic and newly acquired geochemical data gives usthe first view into cobalt prospectivity and has identified multiple new cobalt targets across the broader Artemis tenure.

“Drilling by Artemis at the Carlow Castle Cobalt-Gold-Copper Project is informing our regional view of the cobalt opportunity and this work shows there is much more to be discovered in the West Pilbara, with modern techniques.

“Ranking and prioritisation of these targets is now underway.”

Details on the targets is as follows:

• Carlow North: Strong cobalt signature (over 600 metres) north of Carlow Castle, interpreted to relate to an ultramafic sequence;
• Zac: Strong cobalt signature (over 900 metres) along faulted contact of ultramafic and banded iron formation;
• Fenceline: Strong cobalt signature (over 2,000 metres) south of Ruth Well on contact of ultramafics with the Sholl Shear Zone;
• Bel’s PGE: An area of complex cobalt and PGE responses associated with an interpreted fault disrupted mafic/ultramafic intrusive;
• Purdy’s Reward Road: Zone of strong cobalt associated with sheared basalts along the southern margin of the Yannery Granite; and
• Dingo and The Gap Prospects: Multi-metal signatures analogous to the Carlow Castle Co-Au-Cu Deposit geochemistry.

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Mon, 29 Oct 2018 12:20:00 -0400 https://www.proactiveinvestors.com/companies/news/207977/artemis-resources-identifies-multiple-new-high-priority-cobalt-targets-207977.html
<![CDATA[News - Artemis Resources drills more high-grade cobalt at Carlow Castle ]]> https://www.proactiveinvestors.com/companies/news/207023/artemis-resources-drills-more-high-grade-cobalt-at-carlow-castle-207023.html Artemis Resources Ltd (ASX:ARV) has drilled more high-grade cobalt, copper and gold mineralisation at its 100% owned Carlow Castle Project in Western Australia.

Mineralisation has now been extensively drilled over a continuous strike of 1.2 kilometres from a target of over 12 kilometres in strike length.

All drill results have now been received from the extensive 24,655-metre drilling program and a new JORC 2012 compliant resource is now being estimated.

READ: Artemis Resources deep drilling assays from Carlow Castle build resource potential

Artemis’ executive director Ed Mead said: “Carlow Castle was one of the first ever cobalt discoveries in Australia in the 1920’s and since intersecting cobalt grades up to 6.5% in the early stages of this drilling program, this project continues to deliver outstanding results.

“The company has drilled ~10% of the 12-kilometre target zone and sees multiple opportunities to grow this project.

New JORC expected this quarter

“Metallurgical test work is well advanced and a significant new JORC resource is expected this quarter.

“Artemis is now making plans for an aggressive new drilling program with multiple rigs to expand this resource well beyond what has been defined to date.

“Carlow Castle is a very exciting project and one that can add significant long-term value to Artemis.”

Only 1.2 kilometres of 12-kilometre strike tested

The Carlow Castle deposit is now classified as a brecciated basalt within a major shear zone.

Best drill intersections received to date include:

▪ 16 metres at 0.94% cobalt, 7.62 g/t gold and 3.51% copper from 36 metres;
▪ 6.5 metres at2.32% cobalt, 23.44 g/t gold and 10.35% copper from 47 metres;
▪ 11 metres at 14.07 g/t gold, 0.79% cobalt, and 3.41% copper from 32 metres;
▪ 16 metres at 7.62 g/t gold, 0.94% cobalt and 3.51% copper from 36 metres; and
▪ 11 metres at 3.41% copper, 14.07 g/t gold and 0.79% cobalt from 32 metres.

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Mon, 15 Oct 2018 10:08:00 -0400 https://www.proactiveinvestors.com/companies/news/207023/artemis-resources-drills-more-high-grade-cobalt-at-carlow-castle-207023.html
<![CDATA[News - Artemis Resources Ltd to divulge significant investment ]]> https://www.proactiveinvestors.com/companies/news/149128/artemis-resources-ltd-to-divulge-significant-investment-67734.html Artemis Resources Ltd (ASX:ARV) is preparing to reveal details of a potential significant investment, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 31st March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 29 Mar 2016 11:00:00 -0400 https://www.proactiveinvestors.com/companies/news/149128/artemis-resources-ltd-to-divulge-significant-investment-67734.html
<![CDATA[News - Artemis Resources to reveal copper-gold drilling results ]]> https://www.proactiveinvestors.com/companies/news/149127/artemis-resources-to-reveal-copper-gold-drilling-results-66707.html Artemis Resources (ASX:ARV) is set to benefit from newsflow at its West Pilbara multi-metals project in Western Australia, with assays from a newly completed drilling program now submitted for analysis.

The 656-metre reverse circulation campaign targeted walk-up copper and gold targets at the project’s Goodluck and Fortune prospects, where 171 samples were obtained.

Artemis’ West Pilbara properties also include the Carlow Castle project, which currently hosts inferred resources of 418,000 tonnes at 3 g/t gold and 0.6% copper, for total contained metal of 40,000 ounces of gold, and 2,500 tonnes of copper.

Potential exists to increase this resource with a number of structures identified with shafts and recent prospector activity that have never been drilled.

Meanwhile, the nearby Weerianna gold project contains inferred resources of 1 million tonnes at 2.2 g/t gold for a total of 70,000 ounces of gold with expansion potential inherent in the resource remaining open at depth and along strike.

The overall portfolio covers over 700 square kilometres and is prospective for gold, base metals and iron mineralisation.

It is in close proximity to infrastructure related to Karratha, the economic hub of the West Pilbara.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 25 Jan 2016 17:00:00 -0500 https://www.proactiveinvestors.com/companies/news/149127/artemis-resources-to-reveal-copper-gold-drilling-results-66707.html
<![CDATA[News - Artemis Resources among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com/companies/news/149126/artemis-resources-among-asx-gainers-intra-day-65465.html Friday's leading ASX % Gainers intra-day.

Company NameCodeLast ChangeVolume Artemis Resources ARV $0.002 100% 1,400,000 Northern Manganese NTM $0.012 50% 49,500 Argosy Minerals AGY $0.004 33.33% 2,740,222 Navaho Gold NVG $0.004 33.33% 60,000 Venturex Resources VXR $0.008 33.33% 5,655,495 GTI Resources GTR $0.013 30% 16,000 Ardent Resources AWO $0.021 23.53% 4,131,142 Botswana Metals BML $0.006 20% 982,916 Northern Iron NFE $0.012 20% 150,000 Norwood Systems NOR $0.062 14.82% 44,267,929

 

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Fri, 06 Nov 2015 13:00:00 -0500 https://www.proactiveinvestors.com/companies/news/149126/artemis-resources-among-asx-gainers-intra-day-65465.html
<![CDATA[News - Artemis Resources, Royal Resources lead ASX % Gainers at midday ]]> https://www.proactiveinvestors.com/companies/news/149125/artemis-resources-royal-resources-lead-asx-gainers-at-midday-63863.html Thursday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume Artemis Resources ASX:ARV $0.002 100% 250,000 Royal Resources ASX:ROY $0.017 54.5% 26,532 Frontier Resources ASX:FNT $0.003 50% 500,000 Winmar Resources ASX:WFE $0.003 50% 1,471,390 Azonto Petroleum ASX:APY $0.004 33.3% 1,262,781 Laneway Resources ASX:LNY $0.004 33.3% 1,991,665 Pancontinental Oil & Gas ASX:PCL $0.004 33.3% 978,949 Marenica Energy ASX:MEY $0.20 33.3% 756 Lionhub Group ASX:LHB $0.155 29.2% 35,000 Liontown Resources ASX:LTR $0.006 20% 127,481

 

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Thu, 06 Aug 2015 12:30:00 -0400 https://www.proactiveinvestors.com/companies/news/149125/artemis-resources-royal-resources-lead-asx-gainers-at-midday-63863.html
<![CDATA[News - Artemis Resources acquiring majority interest in Greenland graphite project ]]> https://www.proactiveinvestors.com/companies/news/149124/artemis-resources-acquiring-majority-interest-in-greenland-graphite-project-60658.html Artemis Resources (ASX:ARV) has reached a conditional agreement to acquire a 90% interest in a graphite project in Southern Greenland that has historic production.

Licence 2013/06 includes the historic Amitsoq Graphite Mine that produced 6,000 tonnes at 21% graphite between 1911 and 1924, primarily through open cut methods.

At least one historic report states that graphite flakes reach a maximum of 15mm which, in modern terms, would be considered as “Super Jumbo Flake” graphite.

The project has had no modern exploration for graphite and is also prospective for gold, copper, nickel and platinum group elements.

Artemis, which is acquiring 90% of the vehicle that has the right to acquire 100% of the licence, plans to carry out an airborne electromagnetic and magnetic survey to advance the project.

 

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Thu, 12 Feb 2015 13:00:00 -0500 https://www.proactiveinvestors.com/companies/news/149124/artemis-resources-acquiring-majority-interest-in-greenland-graphite-project-60658.html
<![CDATA[News - Artemis Resources, Frontier Resources among ASX % Gainers at midday ]]> https://www.proactiveinvestors.com/companies/news/149123/artemis-resources-frontier-resources-among-asx-gainers-at-midday-59848.html Wednesday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume Artemis Resources ASX:ARV $0.003 50% 175,000 Greenvale Energy ASX:GRV $0.07 40% 10,000 Scotgold Resources ASX:SGZ $0.007 40% 156,625 Frontier Resources ASX:FNT $0.008 33.3% 1,500,000 Australasian Resources ASX:ARH $0.013 30% 60,000 Straits Resources ASX:SRQ $0.005 25% 44,000 Indus Energy ASX:IND $0.01 25% 100,000 Riedel Resources ASX:RIE $0.01 25% 19,500 Cervantes Corporation ASX:CVS $0.01 25% 100,000 Copper Strike ASX:CSE $0.23 24.3% 28,000

 

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Wed, 31 Dec 2014 14:00:00 -0500 https://www.proactiveinvestors.com/companies/news/149123/artemis-resources-frontier-resources-among-asx-gainers-at-midday-59848.html
<![CDATA[News - Artemis Resources starts drilling at antimony, lead project in Western Australia ]]> https://www.proactiveinvestors.com/companies/news/149122/artemis-resources-starts-drilling-at-antimony-lead-project-in-western-australia-58302.html Artemis Resources (ASX:ARV) has started a second drill program at its Eastern Hills antimony-lead project in Western Australia’s Ashburton region.

The reverse circulation holes will test the high grade Dugite East zone below surface rockchips that returned up to 35.7% antimony and 36% lead.

It will also test a potentially high grade zone of 250 metres strike length.

The short program is partly funded through the Western Australian State Government’s Exploration Incentive Scheme, which will pay for half of drilling costs to $60,000.

Drilling under a similar grant in 2013 had resulted in a Resource of 1.3 million tonnes at 1.7% antimony and 2.5% lead using a 1% cut-off grade for the Taipan Zone.



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Mon, 20 Oct 2014 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/149122/artemis-resources-starts-drilling-at-antimony-lead-project-in-western-australia-58302.html
<![CDATA[News - Artemis Resources, Argosy Minerals and FAR Limited among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com/companies/news/149121/artemis-resources-argosy-minerals-and-far-limited-among-asx-gainers-intra-day-58040.html Wednesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume Artemis Resources ASX:ARV $0.003 50% 1,358,332 Argosy Minerals ASX:AGY $0.003 50% 50,076 FAR Limited ASX:FAR $0.140 40% 150,134,198 Coretrack Limited ASX:CKK $0.008 33.333% 630,000 Environmental Clean Technologies ASX:ESI $0.009 28.571% 5,149,680 MDS Financial Group ASX:MWS $0.005 25% 300,000 Xstate Resources ASX:XST $0.045 25% 687,045 Senetas Corporation ASX:SEN $0.052 23.81% 4,750,158 Safety Medical ASX:SFP $0.006 20% 335,000 Wildhorse Energy ASX:WHE $0.006 20% 276,985

 

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Wed, 08 Oct 2014 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/149121/artemis-resources-argosy-minerals-and-far-limited-among-asx-gainers-intra-day-58040.html
<![CDATA[News - Artemis Resources adds another gold project in the Pilbara ]]> https://www.proactiveinvestors.com/companies/news/149120/artemis-resources-adds-another-gold-project-in-the-pilbara-55873.html Artemis Resources (ASX: ARV) has acquired a 51% interest in the Weerianna Gold Project in the Pilbara district, Western Australia, via acquisition of 51% of private company Western Metals.

The Company has the option to increase its interest in Western Metals to 80%.

Weerianna currently hosts an Inferred Mineral Resource of 1 million tonnes at 2.2 g/t gold for a total of 70,000 ounces using a 1 g/t cut-off grade.

Potential exists for a substantial increase in tonnage as the current resource is open at depth and along strike.

The project was previously owned by Homestake Mining Company, a major US gold group that later merged with Barrick Gold Corporation (NYSE:ABX).

Together with the Company’s acquisition of the West Pilbara gold and base metals portfolio from Legend Mining (ASX:LEG) in 2012, this provides Artemis with the opportunity to consolidate Weerianna into its West Pilbara tenement portfolio.

Weerianna is within 7 kilometres of Carlow Castle, a tenement in the Artemis West Pilbara portfolio which hosts a JORC Inferred Mineral Resource of 418,000 tonnes at 3 g/t Au and 0.6% copper for contained metal of 40,000 ounces of gold and 2,500 tonnes of copper.

The acquisition of Weerianna is part of an ongoing process of aggregating tenements in the West Pilbara with the potential of hosting a volume of resource which is economically viable.

 

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Thu, 26 Jun 2014 13:00:00 -0400 https://www.proactiveinvestors.com/companies/news/149120/artemis-resources-adds-another-gold-project-in-the-pilbara-55873.html
<![CDATA[News - Artemis Resources estimates new exploration target at Western Australia antimony-lead project ]]> https://www.proactiveinvestors.com/companies/news/149119/artemis-resources-estimates-new-exploration-target-at-western-australia-antimony-lead-project-53912.html Artemis Resources (ASX: ARV) has estimated a new exploration target of between 1.7 million and 4 million tonnes of 1.8% to 3% antimony and 2.7% to 4% lead for the emerging Eastern Hills antimony-lead project in Western Australia’s Ashburton region.

This follows a recent assessment of the project’s exploration potential and builds on the foundation laid by the maiden Resource of 1.3Mt at 1.7% antimony and 2.5% lead released late 2013.

It also covers extensions to the Taipan Zone 100 metres to the east and the potential of the sub-parallel Dugite Zone, where recent rock chip sampling returned high grade results of up to 28% antimony, 34.4% lead and 452 grams per tonne silver at Dugite East.

If this potential is confirmed by follow-up drilling, it could rank Eastern Hills as one of the top antimony projects outside of China.

Planning for drill testing of the Dugite Zone in the 2014 field season is well advanced.

 

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Wed, 26 Mar 2014 13:30:00 -0400 https://www.proactiveinvestors.com/companies/news/149119/artemis-resources-estimates-new-exploration-target-at-western-australia-antimony-lead-project-53912.html
<![CDATA[News - Artemis Resources: CFO Guy Robertson to discuss Eastern Hills antimony–lead deposit ]]> https://www.proactiveinvestors.com/companies/news/149118/artemis-resources-cfo-guy-robertson-to-discuss-eastern-hills-antimonylead-deposit-52634.html Artemis Resources (ASX: ARV) has recently defined maiden JORC Indicated and Inferred Resources of 1.3 million tonnes at 1.7% antimony and 2.5% lead at its Eastern Hills antimony–lead deposit in Western Australia.

This followed a successful 15 hole reverse circulation drilling program that included a standout assay of 4 metres at 2.4% antimony and 3.1% lead from 141 metres including 1 metre at 5.3% antimony and 7.3% lead.

Chief financial officer Guy Robertson is presenting at the “Stars in 2014" Investor Forum this month in Sydney - REGISTER HERE.

Notably, the Indicated Resource of 810,000 tonnes returned higher than expected antimony grades of 2% and 3.1% lead.

This resource estimate only includes mineralisation from the Taipan Zone, with drill testing of the new high grade Dugite Zone, where rock chips of up to 35.7% antimony, 36% lead, 1,500 grams per tonne silver and 6.8g/t gold have been recovered, scheduled for the 2014 field season.



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Fri, 07 Feb 2014 17:20:00 -0500 https://www.proactiveinvestors.com/companies/news/149118/artemis-resources-cfo-guy-robertson-to-discuss-eastern-hills-antimonylead-deposit-52634.html
<![CDATA[News - Artemis Resources receives antimony-lead drill results at Eastern Hills, Western Australia ]]> https://www.proactiveinvestors.com/companies/news/149117/artemis-resources-receives-antimony-lead-drill-results-at-eastern-hills-western-australia-49894.html Artemis Resources (ASX: ARV) has received final results final drill results from the 15 hole, reverse circulation drilling program at its Eastern Hills antimony–lead deposit in Western Australia.

A standout intersection from most recent assays received was 4 metres at 2.4% antimony and 3.1% lead from 141 metres including 1 metre at 5.3% antimony and 7.3% lead.

The assays confirm the presence of significant antimony–lead mineralisation at Eastern Hills.

Latest results have extended the Taipan Zone along strike to the west, resulting in a total strike length of 850 metres, and interpreted depth of antimony-lead mineralisation has increased by 110 metres to 220 metres, and remains open.

Artemis has now engaged an independent consultant to compile a JORC resource estimate for the Eastern Hills, with results made available publicly in due course.

The company will also be attending the World Antimony Conference in China next month, and visiting regional antimony operations.

 

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Wed, 06 Nov 2013 14:00:00 -0500 https://www.proactiveinvestors.com/companies/news/149117/artemis-resources-receives-antimony-lead-drill-results-at-eastern-hills-western-australia-49894.html
<![CDATA[News - Artemis Resources defines three new antimony lead target zones at Eastern Hills, WA ]]> https://www.proactiveinvestors.com/companies/news/149116/artemis-resources-defines-three-new-antimony-lead-target-zones-at-eastern-hills-wa-48499.html Artemis Resources (ASX: ARV) has mapped three new zones of potential antimony-lead mineralisation surrounding its Eastern Hills antimony-lead deposit in Western Australia.

Geological mapping and rock chip sampling results, have confirmed the discovery of the new antimony-lead zones directly north and northeast of the Taipan Zone, previously known as the Eastern Hills Main Zone.

The three new zones have a combined mapped strike length of approximately 2.8 kilometres, and show similar alteration and mineralisation styles to the Taipan Zone.

Two of the new zones, Dugite and Gwardar, are located immediately to the north within 50 metres of the Taipan mineralisation which is currently being drilled in order to define a maiden JORC compliant resource, expected in October.

While weaker alteration was mapped along the Gwardar Zone, the Dugite alteration appears to be stronger with antimony grades up to 2.9%

These new zones are not yet included in the current exploration target of Artemis' at Eastern Hills is 410,000 tonnes to 1.25 million tonnes at 1.5-1.9% antimony and 2.1-2.7% lead, which was based on only 800 metres of strike.

Identification of the new zones increases the potentially mineralised strike length of all four zones delineated to date by 350%.

The antimony-lead mineralisation at Eastern Hills occurs as vein hosted massive sulphides bound by disseminated sulphides consisting predominantly of pyrite and boulangerite, a lead-antimony sulphide.

Antimony demand from China is strong and prices have surged almost 400% over past 10 years, with current prices tracking US$4.65 per pound.

 

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Thu, 26 Sep 2013 14:20:00 -0400 https://www.proactiveinvestors.com/companies/news/149116/artemis-resources-defines-three-new-antimony-lead-target-zones-at-eastern-hills-wa-48499.html
<![CDATA[News - Artemis Resources intersects antimony at Eastern Hills in Western Australia ]]> https://www.proactiveinvestors.com/companies/news/149115/artemis-resources-intersects-antimony-at-eastern-hills-in-western-australia-48102.html Artemis Resources (ASX: ARV) should trade higher today after intersecting visual sulphide mineralisation at the Eastern Hills antimony-lead project in Western Australia.

ARV has now completed 5 holes of a 15 hole, 3000 metre reverse circulation drilling program, with the first five holes all hitting visual sulphide mineralisation, with the presence of antimony confirmed via portable XRF.

Sulphide mineralisation in four of the holes completed to date has been intersected within the Southern conductor target zones. as expected from in-house modelling of previous drilling data.

Notably, the sulphides intersected in hole five confirm the recently identified Northern electro-magnetic conductor is also mineralised, extending the strike length from 600 metres to 1 kilometre, open at depth.

This zone is not yet included in the current exploration target of Artemis' current exploration target at Eastern Hills is 410,000 tonnes to 1.25 million tonnes at 1.5-1.9% antimony and 2.1-2.7% lead.

Drilling is designed to enable a maiden JORC Resource definition, and is expected to be completed in early October, with results shortly thereafter.

The antimony-lead mineralisation at Eastern Hills occurs as vein hosted massive sulphides bound by disseminated sulphides. The sulphide mineralogy consists of pyrite, boulangerite (a lead-antimony sulphide), and arsenopyrite with minor pyrrhotite, chalcopyrite and galena.

Antimony demand from China is strong and prices have surged almost 400% over past 10 years, with curent prices tracking USD$4.65 per pound.

 

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Tue, 17 Sep 2013 13:20:00 -0400 https://www.proactiveinvestors.com/companies/news/149115/artemis-resources-intersects-antimony-at-eastern-hills-in-western-australia-48102.html
<![CDATA[News - Artemis Resources targets antimony resource in new drilling at Eastern Hills ]]> https://www.proactiveinvestors.com/companies/news/149114/artemis-resources-targets-antimony-resource-in-new-drilling-at-eastern-hills-47424.html Artemis Resources (ASX: ARV) has launched a 3000 metre reverse circulation drilling program at the Eastern Hills Antimony Project, which has received support from the Western Australian government with co-funding of up to $140,000.

The funding is estimated to cover around half of the costs.

Eastern Hills is adjacent to the Mt Clement Gold Project (ARV 80%) - a joint venture gold project with Northern Star Resources (ASX: NST, 20%), operator of the nearby Paulsens (>1Moz) Gold Mine.

The drilling is designed to upgrade existing target 410,000 tonnes to 1.25 million tonnes at 1.5-1.9% antimony and 2.1-2.7% lead to a JORC Resource.

Highlighting the prospectivity of the area, surface rock chip sampling by Artemis in 2013 on the main lode at Eastern Hills returned highly encouraging antimony assay results of up to 7.5% antimony as well as high grade lead and silver results.

The demand for antimony continues to increase with China currently responsible for around three-quarters of global production, and with supplies dwindling, this provides an opportunity for Australian antimony plays such as Artemis.

Antimony prices have surged almost 400% over past 10 years and remain robust, currently around $9500 per tonne.

The principal use of antimony metal is as an ingredient in alloys, where it provides hardness, strength, anticorrosion and other properties, with antimonial lead used for the automotive industry and stand-by batteries.

Other uses are in solders, ammunition, corrosion resistant pipes and cable sheathing.

An important new use is the development of a new generation of memory devices which will replace flash drive memory devices presently used in computers, mobile phones and USB memory devices.

 

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Mon, 02 Sep 2013 10:40:00 -0400 https://www.proactiveinvestors.com/companies/news/149114/artemis-resources-targets-antimony-resource-in-new-drilling-at-eastern-hills-47424.html
<![CDATA[News - Artemis Resources in quest to upgrade antimony resource ]]> https://www.proactiveinvestors.com/companies/news/149113/artemis-resources-in-quest-to-upgrade-antimony-resource-46778.html Artemis Resources (ASX:ARV) has signed off on a 3000 metre reverse circulation drilling contract with Macquarie Drilling for its Eastern Hills Antimony-Lead deposit in the Ashburton region, W.A.

Drilling is to commence next week to upgrade the current exploration target of 410,000 tonnes to 1.25 million tonnes at 1.5-1.9% antimony and 2.1-2.7% lead to a JORC resource.

The mineralised system extends over a strike length of around 1km, with the main load open down dip and along strike.

Drilling is aimed at expand known mineralisation and testing an adjoining zone to the northeast northeast, where recent remodelling of geophysics has defined a new electromagnetic conductor with similar properties to the known antimony-lead lode, interpreted to be a sub-parallel structure.

The Western Australian government is co-funding up to $140,000 towards drilling costs.  Artemis has a partly underwritten rights issue under way.

Antimony is required alloys used in batteries, bullets, bearings, and printers. New demand for high purity antimony is coming from its application as a semiconductor used in the production of diodes.

Global antimony demand, particularly from China, is strong, and trending stronger. Prices have surged almost 400% over past 10 years and remain robust, currently sitting at $9500 per tonne.

Antimony deposits, and miners, are few and far between, especially in Australia. A significant expansion of Artemis' deposit, coupled with JORC confirmation, could see Artemis garnering substantial attention.

 

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Thu, 15 Aug 2013 13:20:00 -0400 https://www.proactiveinvestors.com/companies/news/149113/artemis-resources-in-quest-to-upgrade-antimony-resource-46778.html
<![CDATA[News - Artemis Resources heads to market ]]> https://www.proactiveinvestors.com/companies/news/149112/artemis-resources-heads-to-market-45815.html Artemis Resources (ASX: ARV) is heading to market to raise additional capital, with the ASX granting the company a trading halt today - with its shares placed in pre-open.

Last month Artemis successfully applied for co-funding of the drilling program proposed for the Eastern Hills antimony-lead deposit, located in the Ashburton region of Western Australia - provided by the Western Australian Department of Mines and Petroleum.

Artemis will receive up to $140,000. Eastern Hills has an exploration target of 410,000t-1.25Mt at 1.5-1.9% Sb and 2.1-2.7% Pb.

Artemis is looking to tap into the increasing antimony demand from China, with prices having surged almost 400% over the past 10 years.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 24th July 2013.

 

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Mon, 22 Jul 2013 14:20:00 -0400 https://www.proactiveinvestors.com/companies/news/149112/artemis-resources-heads-to-market-45815.html
<![CDATA[News - Artemis Resources poised to start drilling at Western Australia antimony-lead deposit ]]> https://www.proactiveinvestors.com/companies/news/149111/artemis-resources-poised-to-start-drilling-at-western-australia-antimony-lead-deposit-44567.html Artemis Resources (ASX: ARV) is now finalising details for its drilling program targeting the Eastern Hills antimony-lead deposit in the Ashburton region of Western Australia.

This follows the State Government approving $140,000 in co-funding as well as the Program of Work for the drilling, which is expected to be completed in the September 2013 quarter.

The planned drilling program will validate historical drilling and analyses with at least one twin hole to be drilled.

It is designed to establish a maiden JORC Resource, expand known mineralisation down dip and along strike and test an adjoining zone immediately to the northeast of the Eastern Hills antimony-lead lode where earlier surface sampling identified anomalous gold in rockchips.

This will consist of up to 16 drillholes totalling 2,800 metres and will be funded from the company’s existing cash reserves.

Drilling will begin once a suitable drill rig is sourced.

Eastern Hills has an exploration target of between 410,000 tonnes and 1.25 million tonnes at 1.5% to 1.9% antimony and 21% to 2.7% lead. It also contains precious metal credits of around 0.22 grams per tonne gold and 26g/t silver.

The deposit consists of a zone of mineralisation up to two metres wide associated with a fault structure and outcropping over a strike length of at least 600 metres. The dominant fault structure trends ENE (Figure 3) and dips steeply to the SSE.

The mineralisation occurs as massive sulphides bounded by a broader zone of disseminated sulphides. The mineralisation contains high levels of antimony and lead, as well as minor gold and silver, associated with a linear quartz vein represented at surface by a thin, outcropping gossanous zone.

Eastern Hills is part of Artemis’ Mt Clement Gold Project that is held in joint venture with Paulsens Gold Mine operator Northern Star Resources (ASX: NST).

Mt Clement (Artemis 80%) contains an Inferred Resource of 1.13 million tonnes at 1.8g/t gold and 17g/t silver.

 

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Tue, 18 Jun 2013 16:00:00 -0400 https://www.proactiveinvestors.com/companies/news/149111/artemis-resources-poised-to-start-drilling-at-western-australia-antimony-lead-deposit-44567.html
<![CDATA[News - Artemis Resources targets copper and gold in the West Pilbara ]]> https://www.proactiveinvestors.com/companies/news/149110/artemis-resources-targets-copper-and-gold-in-the-west-pilbara-44113.html Artemis Resources (ASX: ARV) has confirmed that its Carlow Castle project area in the West Pilbara, Western Australia, has the potential to host at a number of copper-nickel and associated gold resources.

This follows a field visit by the company’s technical team to the underexplored area.

It now plans to re-evaluate geophysical information from the area to look for possible repeats to the Carlow Castle South, Chapman and Thorp prospects with the objective of designing a reverse circulation drilling program.

Artemis is also engaged in discussions with several potential partners who are looking to invest in the West Pilbara project area, to assist it explore this large and prospective area.

Progress has also been made towards negotiating a Native Title Agreement with the Ngarluma Aboriginal Corporation.

Recent talks have defined the needs of both parties and ways in which exploration of Artemis’ West Pilbara project area may progress without negatively impacting the land of the Ngarluma people.

Carlow Castle Project is a priority target, and is considered to have potential to increase the size of the delineated resource through drilling designed to test the continuity and extent of mineralisation at depth. Potential resource expansion along strike also needs further drill evaluation.

It forms a small part of Artemis’ tenement portfolio in the West Pilbara region, which consists of 41 tenements covering about 700 square kilometres.

The Carlow Castle South contains a central high grade core of gold-copper-cobalt mineralisation that occurs within a broader low grade mineralised halo.

Artemis plans to carry out drilling to determine the depth of the Main Lode resource which currently stands at 91,000 tonnes at 10 grams per tonne gold and 1.4% copper.

Chapman is located 1 kilometres southeast of the Carlow Castle copper-gold workings and coincides with historic copper-gold workings hosted in gabbro of the Andover Intrusive Complex.

Surveys have identified two shallow, discrete bedrock conductors at depths of 40 metres and 60 metres respectively.

Historic rockchip sampling of mullock dumps, with visible copper mineralisation, are assisting Artemis in evaluating the nickel and gold potential of the workings. Results from samples taken at the Chapman prospect indicate a strong copper-gold-silver-nickel-cobalt association.

Thorp is located 2 kilometres southeast of the Carlow Castle copper-gold workings and like the Chapman Prospect coincides with historic copper-gold workings hosted in gabbro of the Andover Intrusive Complex.

FLTEM survey has identified two bedrock conductors; the first at a depth of 100m from surface and dipping 600 north-northwest and the second at a depth of 40m from surface with a dip of 400 to the north.

 

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Tue, 04 Jun 2013 16:40:00 -0400 https://www.proactiveinvestors.com/companies/news/149110/artemis-resources-targets-copper-and-gold-in-the-west-pilbara-44113.html
<![CDATA[News - Artemis hunts for gold at Yandal project ]]> https://www.proactiveinvestors.com/companies/news/149109/artemis-hunts-for-gold-at-yandal-project-40902.html Artemis Resources (ASX:ARV) will drill for gold at the expanded Yandal project in Western Australia, with field reconnaissance this month to refine this year's drilling targets and wider grassroots exploration plans.

Expansion and infill drilling of known mineralisation is proposed for Lowland/Lowlands South gap, in addition to drilling of untested geophysical targets.

The gold mineralisation at Lowlands deposit is located in a geological setting where a north-south trending mineralised altered magnetic basalt intersects with a northwest trending shear zone, creating a southwest plunging mineralised deposit.

The new Lowlands South mineralisation was identified in Artemis’ 2012 drill campaign, with a single hole targeting a north-south trending geophysical target returning 12 metres at 1.78grams per tonne gold from 80 metres depth. This mineralisation is open in all directions

Artemis' drilling plans in the Yandal Greenstone Belt received a fillip with the successful grant last week of exploration licence E53/1689, increasing the area covered by the Artemis group granted tenements by 20% to 28,000 hectares.

The company has also submitted applications for another 22 exploration and prospecting licences which, when granted, would further increase its holdings by another 17,450 hectares.

The Yandal Greenstone Belt has been an extremely productive gold belt over the past 25 years, with the discovery and successful exploitation of multi-million ounce gold mines such as Newmont's Jundee (7 million ounces gold produced), Navigator Resources' Bronzewing (3.4 Moz) and Mt McClure (1.8 Moz).

The belt has produced over 12 Moz of gold, the majority of which has been won since the 1990s indicating that this belt is relatively underexplored in comparison with other mature Yilgarn Block greenstone belts.

The market’s focus for gold has returned to the Yandal–Wiluna region over recent times, also evidenced by entrepreneur Joe Gutnick’s recent return via a stake in Blackham Resources.

Artemis had a cash balance of $1.35 million at the end of last quarter.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Mar 2013 10:10:00 -0400 https://www.proactiveinvestors.com/companies/news/149109/artemis-hunts-for-gold-at-yandal-project-40902.html
<![CDATA[News - Artemis Resources in pre open pending the release of an acquisition announcement ]]> https://www.proactiveinvestors.com/companies/news/149108/artemis-resources-in-pre-open-pending-the-release-of-an-acquisition-announcement--28767.html Artemis Resources (ASX: ARV) is preparing to release an announcement in relation to an acquisition, with the company granted a trading halt by the ASX today.

While no further details were released, the company has previously said it continues to review acquisition opportunities.

Artemis’ main focus is gold exploration at its key projects, the prospective Yandal and Mount Clement gold projects in Western Australia.

The company has identified 47 drill targets at Yandal, 27 of which will be the subject of the recently started 4,000 metre reverse circulation drilling program.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Tuesday 15 May.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Fri, 11 May 2012 11:40:00 -0400 https://www.proactiveinvestors.com/companies/news/149108/artemis-resources-in-pre-open-pending-the-release-of-an-acquisition-announcement--28767.html
<![CDATA[News - Artemis Resources eyes major gold zone at Yandal ]]> https://www.proactiveinvestors.com/companies/news/149107/artemis-resources-eyes-major-gold-zone-at-yandal-24258.html Artemis Resources (ASX: ARV) is targeting a major gold zone at its Yandal Project which has a geological setting similar to the 2.3 million ounce Bronzewing and 5.4 million ounce Jundee gold deposits.

The Yandal Greenstone Belt has produced approximately 10 million ounces of gold in the last 20 years, mainly from three mining centres – Bronzewing, Jundee and Darlot.

Artemis has completed a review of the geological setting, geophysics and drilling data from its Yandal project which has identified a number of new target areas that have not previously been tested.

To test the validity of the Bronzewing model at Yandal, the company will carry out several induced polarisation traverses across the Lowlands Prospect, the main palaeodrainages and the nickel gossan area which will be completed in January.

This technique has been successful in identifying deeper seated large gold mineralised systems at various places including Bronzewing and Darlot.

Interpretation of imagery from Artemis’ detailed airborne magnetic survey has identified a number of prominent north-south striking Archaean mafic/ultramafic units immediately north and east of Lowlands.

Archaean mafic rocks, which include dolerites, in areas of known gold mineralistion, such as at Lowlands, have proved to be excellent hosts for large high grade orogenic gold deposits including the Golden Mile Dolerite at Kalgoorlie, the Barton Dolerite at Jundee and the Great Fingall Dolerite at Cue.

Magnetic data also shows the existence of two large palaeochannels which lie over the intersections of these northwest and northeast-striking brittle structures.

These favourable structural settings are often the locus for gold bearing fluids and attendant alteration.

In many cases in the Eastern Goldfields, the primary gold deposits are hidden below depressions containing transported overburden, palaeochannels, and deeper zones of weathering.

Examples include Bronzewing, located within a 50 kilometre radius of Yandal, and the 1.8 million ounce Mt McClure.

A comprehensive drilling program testing the various targets is planned for March.

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Wed, 18 Jan 2012 12:20:00 -0500 https://www.proactiveinvestors.com/companies/news/149107/artemis-resources-eyes-major-gold-zone-at-yandal-24258.html
<![CDATA[News - Artemis Resources in pre-open pending non-core asset disposal announcement ]]> https://www.proactiveinvestors.com/companies/news/149106/artemis-resources-in-pre-open-pending-non-core-asset-disposal-announcement-17205.html Artemis Resources (ASX: ARV) has been granted a trading halt by the ASX pending a 'disposal of a non-core asset' announcement, with the company's shares in pre-open.

Artemis has not yet indicated what type of non-core asset the announcement will refer to, but also announced a boost in technical expertise yesterday to drive the company’s Western Australian gold projects at Mt Clement and Yandal.

The company's other projects include Yangibana which is targeting rare earths, Buchanan's Creek targeting lithium/tantalum/niobium and Mundong Well targeting uranium.

The appointments follow a recent review of Artemis gold projects and site visits by international mining firm Behre Dolbear, aimed at taking the company’s gold assets to the next level.
 
Behre Dolbear will provide Artemis with the full spectrum of technical, operational, and financial expertise in gold exploration and mining.

What makes the company's gold projects interesting is that Yandal is located in the Yandal gold belt which has historically produced more than 12 million ounces of gold, highlighting the potential of the project.

Yandal is positioned 90 kilometres south of the Jundee 5.4 million ounce gold mine and 30 kilometres north of the Bronzewing 2.3 million ounce gold mine.

The Mt Clement project is also strategically located in close proximity to Northern Star’s (ASX: NST) Paulsens deposit, which poured over 9,000 gold ounces in April.

 

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Fri, 17 Jun 2011 08:26:00 -0400 https://www.proactiveinvestors.com/companies/news/149106/artemis-resources-in-pre-open-pending-non-core-asset-disposal-announcement-17205.html
<![CDATA[News - Artemis Resources finds 33% copper rock chip at Bali Hi joint venture in Western Australia ]]> https://www.proactiveinvestors.com/companies/news/149105/artemis-resources-finds-33-copper-rock-chip-at-bali-hi-joint-venture-in-western-australia-16569.html Artemis Resources (ASX: ARV) has uncovered some very high grade rock chips at the Bali Hi Project in Western Australia, which is a joint venture with GTI Resources (ASX: GTR).

Artemis said samples contained up to 33% copper and 746 grams per tonne silver, with 70% of the rock chip samples returning strongly anomalous values.

The samples highlight the potential of the tenements, which are located in the Ashburton province, with a strike length of 4 kilometres tested in the initial sampling program.

A total of 62 rock samples were collected, and formed part of the first work programs on the tenements by Artemis, aimed at confirming the tenements were prospective for mineralization.

Bail Hi consists of two tenements, and is less than 100 kilometres south-east of Artemis’ Mt Clement Gold/Silver project.

 

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Wed, 25 May 2011 12:11:00 -0400 https://www.proactiveinvestors.com/companies/news/149105/artemis-resources-finds-33-copper-rock-chip-at-bali-hi-joint-venture-in-western-australia-16569.html
<![CDATA[News - Artemis Resources intersects 2m @ 28.3 g/t gold at Yandal Project ]]> https://www.proactiveinvestors.com/companies/news/149104/artemis-resources-intersects-2m-283-gt-gold-at-yandal-project-15952.html Artemis Resources (ASX: ARV) has intersected a high grade gold zone from drilling at the Forked Stick prospect  at its Yandal Gold Project in Western Australia.

Results from the 16 hole drill program over four prospects include an intersection of 2 metres at 28.3 grammes per tonne (g/t) gold. Significantly, 13 of the 16 holes at Yandal intersected gold above 0.5g/t gold.

The new high grade gold mineralisation is open at depth and along strike as well as 60 metres below the previous intersection of 7 metres at 11.44g/t gold from 17 – 24 metres.

At the company’s Lowlands Prospect, also within Yandal, drilling has extended gold mineralisation 60 metres southeast of previous JORC historical resource with mineralisation well below the existing resource at a depth of 225 metres.

Highlights at Lowlands include:

- 2 metres at 3.63g/t gold from 225 metres;
- 9 metres at 3.53g/t gold from 42 metres; and
- 24 metres at 2.02g/t gold from 23 metres.

The results portray potential for another gold zone below the historical Lowlands resource with follow up drilling planned for late May.

Eight holes in the 16 hole drill program targeted the existing Lowlands resource to test for possible extensions to the southeast and southwest, while four holes targeted to the north to test for repetitions.

The company has begun planning phase two drilling to commence during the June quarter to further investigate an extension at Lowlands and expand the high grade mineralisation Forked Stick intersection.

The new drilling will also target Slav Well resource extensions and test historical results at International and 6 Mile Well.

The new drill program has been planned to include 2,500 metres of reverse circulation drilling in addition to surface mapping and rock chip sampling.

The project lies within the highly productive Yandal Gold Belt in Western Australia, which has produced more than 12 million ounces gold.

The Yandal Project tenements cover approximately 220 square kilometres and is located 90 kilometres south of the Jundee-Nimary Gold Mine (7 million ounces), where mining giant Newmont Mining (NYSE: NEM) has an operation, and 30 kilometres north of Navigator Resources' (ASX: NAV) Bronzewing Gold Mine (4 million ounces).

The Yandal project tenements also cover over 25 kilometres of greenstone which is host to historic gold resources at Lowlands and Slav Well.

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Wed, 04 May 2011 16:12:00 -0400 https://www.proactiveinvestors.com/companies/news/149104/artemis-resources-intersects-2m-283-gt-gold-at-yandal-project-15952.html
<![CDATA[News - Artemis Resources commences drilling near multi-million ounce gold mines ]]> https://www.proactiveinvestors.com/companies/news/149103/artemis-resources-commences-drilling-near-multi-million-ounce-gold-mines-14064.html Artemis Resources (ASX: ARV) has location on its side in a new drilling campaign at the Yandal gold project, which is just 30 kilometres from the Bronzewing Gold Mine (2.3 million ounces) and 90 kilometres south of the Jundee Gold Mine (5.4 million ounces).

The program will test several gold targets and extensions to known gold mineralisation, providing significant potential to increase the size of the gold deposits.

Yandal is situated within the highly productive Yandal gold belt in Western Australia, which has produced more than 12 million ounces of gold.

Last year mining consultants Southern Geoscience identified 12 gold targets at the project, with the drilling program consisting of 17 reverse circulation holes, including one vertical hole to 250 metres.

Southern Geosience concluded that Yandal has a high potential to host gold.

Historical drilling by previous explorers has returned:

- 24 metres at 3.2 grams per tonne (g/t) gold;
- 5 metres at 10.0g/t gold;
- 8 metres at 6.3g/t gold; and
- 14 metres at 4.0g/t gold.

Drilling will take around six weeks.

 

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Fri, 18 Feb 2011 11:52:00 -0500 https://www.proactiveinvestors.com/companies/news/149103/artemis-resources-commences-drilling-near-multi-million-ounce-gold-mines-14064.html
<![CDATA[News - Artemis Resources discovers new mineralised zone at Mt Clement Gold Project ]]> https://www.proactiveinvestors.com/companies/news/149102/artemis-resources-discovers-new-mineralised-zone-at-mt-clement-gold-project-13344.html Artemis Resources (ASX: ARV) has received final assay results from step-out extension drill holes at Mt Clement, significantly increasing the gold project's prospectivity.

A new mineralised zone was discovered including 1.47 metres at 1.20 grams per tonne (g/t) gold, 1.0m at 13.5g/t silver and 0.10% copper 150m west of the Mt Clement mineralisation.

This new discovery increases the potential of Mt Clement, located in Western Australia, to host multiple, undiscovered zones of gold, silver and copper mineralisation.

Other highlights include:

- 5.0m at 275 (g/t) silver (5.73g/t gold equivalent) and 5.18m at 1.60g/t gold intersected 40m below the main High Grade Zone;
- 1.0m at 2.80g/t gold and 1.3m at 17.5g/t silver (0.57oz/t) located 70m further south of Mt Clement mineralisation; and
- 1.0m at 12.50g/t silver (0.40oz/t) extends mineralisation 45m east of Mt Clement mineralisation.

This second phase of drilling has confirmed the continuity of high grade mineralisation within the Main Zone.

The company plans to continue to increase the value of its gold inventory both at Mt Clement and at Yandal through further exploration and sees potential for both projects to move towards open cut mining.

Artemis Resources (80%) is operator of the Mt Clement JV with Northern Star Resources Ltd. (20%) (ASX:NST).

The Mount Clement Gold project comprises three mining leases and two exploration licences over 14.5km2 in the Ashburton area, approximately 35km from the operating Paulsen’s Gold Mine owned by Northern Star.

As part of its recent acquisition of the nearby Paulsen’s Gold Mine, Northern Star Resources also acquired a 20% free-carried interest (to Feasibility Stage) in the 3 Mining Leases at Mt. Clement.

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Mon, 24 Jan 2011 17:27:00 -0500 https://www.proactiveinvestors.com/companies/news/149102/artemis-resources-discovers-new-mineralised-zone-at-mt-clement-gold-project-13344.html