THERE IS ALOT MORE THAN THIS BUT JUST A ENTREE OF THE ANNOUCEMENT BELOW
Paterson Central – Mineralised Breccias Encountered at new ~1.5km long Apollo Copper-Gold Target
Highlights
- A total of 5,135m of diamond drilling was completed in H2 2022 at the Apollo and southern Atlas targets, located only 2km north and along strike of the 9.4Moz AuEq Havieron gold- copper discovery
- Reprocessed geophysics, received in September, revealed the original Apollo target is in fact just one part of a ~1.5km long magnetic regional anomaly (Figure 1)
- Apollo appears to be a large, NW-trending regional splay fault that has been intruded by a dolerite intrusion - a similar structural setting to the nearby Havieron discovery.
- Drilling at Apollo intercepted sporadic gold and copper mineralisation in drill holes 22PTMRD010 and 22PTMRD011, with peak gold and copper grades of 1.73 g/t Au and 2.99% Cu
- Large intercepts (up to 90m) of pervasive veining and multi-phase crackle breccias were encountered either side of the dolerite intrusion, often with significant amounts of visible pyrite, chalcopyrite and pyrrhotite, and in places visibly similar tenor to the Newcrest Havieron Project 2km to the South (Figure 2)
- Of particular interest is a demagnetised zone at the centre of the Apollo magnetic anomaly (Figure 3)
- Next steps at Paterson Central are to undertake a down-hole electromagnetic survey (DHEM) at Apollo to identify areas which may host more substantial gold and copper mineralisation
Artemis Resources Limited (“Artemis” or “the Company”
(ASX/AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update at its 100%-owned Paterson Central Project in the Paterson Province region of Western Australia.
Mark Potter, Chair, commented: “The redefined drilling at the Apollo target has been highly encouraging from a technical perspective, it demonstrates the potential for discovering a significant gold-copper mineralised system.
The initial early stage gold and copper anomalous signatures have nearly all the geological elements we are ultimately looking for when trying to discover the next Havieron-like orebody. Large intervals of crackle breccias and dense vein sets often with abundant pyrite, chalcopyrite and pyrrhotite have been discovered at Apollo.
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Going forward, the challenge from here is to focus on where these mineralised fluids, likely active along Apollo, have coalesced into potentially economic mineralisation. To this end and as our next step, DHEM, will be undertaken at Apollo to better target conductors, potentially related to mineralisation.
DHEM surveys will be utilised at all of our highly prospective targets at Paterson which will provide valuable data and enhance exploration targeting.
Shareholders will be provided with further updates in the coming weeks as we progress our Paterson exploration activities.”
(20min delay)