Ann: 21 New SAM Targets at Carlow Castle West, page-2

16 September 2019
ASX : ARV ATY : FRANKFURT ARTTF : OTCQB
GOLD FOCUSSED
ARTEMIS RESOURCES LIMITED IS AN AUSTRALIAN MINERAL DEVELOPER ADVANCING ITS WEST PILBARA BASE METALS, BATTERY AND PRECIOUS METALS ASSETS TOWARDS PRODUCTION.
ARTEMIS HAS CONSOLIDATED A MAJOR LAND HOLDING IN THE WEST PILBARA AND IS THE 100% OWNER OF THE RADIO HILL OPERATIONS AND PROCESSING INFRASTRUCTURE, STRATEGICALLY LOCATED 30 KM FROM THE CITY OF KARRATHA, THE POWERHOUSE OF THE PILBARA.
ARTEMIS ALSO HAS 1,140 KM2 IN THE PATERSONS RANGE WITH ALL GOLD AND COPPER TARGETS WITHIN 40KM OF THE TELFER GOLD MINE AND SURROUNDING THE HAVIERON DISCOVERY BEING DRILLED BY NEWCREST AND GREATLAND GOLD.
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Sub-Audio Magnetics (SAM) has identified 21 new target areas with coincident structures and geochemical anomalies
Highlights

• 21 targets identified west of the Carlow Castle resource area with a strike of 5km.
• Top 4 targets are 400 metres to the west of the current resource
• Coincident geochemical anomalism with new targets
• Site works to remove barren colluvium/clay for mapping scheduled to
  start on 23 September 2019
  Artemis Resources Limited (“Artemis” or “the Company” (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to advise that Sub-Audio Magnetics (SAM) surveying completed at the Carlow Castle gold project, located in the Pilbara region of Western Australia (Figure 1) has indicated geological structures for additional gold-copper-cobalt, may extend to the west of the resource area.
  The completed SAM survey has identified a total of twenty-one targets (Figure 2), producing three datasets; TMI (magnetics), MMC (magneto-metric conductivity) andTFEM (Total Field Electromagnetics).
  TMI data are measured passively as a function of the Earth’s magnetic field distorted bymagnetic minerals in the rocks, MMC data is measured while current is flowing through the ground (during ‘on-time’, and TFEM data are measured as that current is switched off and there is a ‘decay’ of potential.
  Carlow Castle, located approximately 25km South East of the Pilbara town of Karratha, (Figure 5) is a gold, copper and cobalt project containing a 7.7Mt JORC Resource (See ASX announcement 6/03/19).
  Carlow Castle covers a strike length of 1.2km and was successfully identified using SAM exploration in early 2018. In conjunction with geochemical anomalies, SAM targeting drove the Carlow Castle drilling program in 2018 that increased the resource by 71%.
  Commenting on the encouraging exploration results, Artemis Resources Executive Director Ed Mead said:
  “The western continuation of the Carlow Castle resource has been targeted using SAM, which was very successful in identifying the structure that hosts the current resource.
  We have identified geochemical anomalies for gold, copper and cobalt coincident with new SAM anomalies and four priority targets 400 metres west of the current resource for immediate follow up work.
  The next step is to gain approvals before we undertake pitting and trenching and ultimately drilling, which will assist Artemis in formulating an Exploration Target, identifying further shallow mineralisation and using this information to look at the potential for scale of the project.”