UPDATED
29/11/22 - ASX Announcement Artemis Resources has sold 100% of its equity investment in AIM-listed AlienMetals (AIM:UFO) for approximately GBP1.15m (~AUD2.0m) of gross cashproceeds.• Cash raised from the proceeds will be used to fund exploration
activities at the Patersonand Carlow Au-Cu Projects, and for general working capital purposes
30/10/22 - Activities Report"The work programfor the Paterson projectcommenced during this quarter.Significant logistics to establish camps and mobilise personnel into this isolated area of
the Paterson Centralarea were completed
and drilling commencedhereafter. An update of progress to date is expected in the coming weeks
as early drill data are returned."22/7/22 - June 2022 Quarterly Activities Report "Work at Paterson Central began in the quarterand is expected to continue for much of the rest of 2022"
Despite attractive geological observations the results from the first phase ofdrilling did not indicate the presence of gold in the drill core. Regardless theCompany is highly encouraged by the geology which is suggestive of beingproximal to a mineralised system. Notably brecciated veins and un-mineralisedsulphides were encountered in hole GDRCD007.In total a further ~3,000m of drilling is expected to be completed at Apollo andAtlas as part of the Phase 1 programme which began in late 2021, to continue totest the wide-spaced geophysical targets at Apollo and Atlas.
Phase 2 of ~4,500m is being scoped to continue to drill at Apollo and Atlas, andalso to test The Company’s other highly prospective targets of Juno, Voyager,Enterprise and likely continue for much of the remainder of 2022.
7/7/2022 - ASX Announcement Artemis Resources begins 7,500m to 10,000m drill programme acrossthe Apollo and Atlas targets and then moves to the completely untestedtargets at Juno, Voyager, Enterprise East, Enterprise West and Vidiian.• This 2022 programme is expected to continue through the remainderof the year with regular updates on progress, assays and key findings.• The Paterson Central 2022 programme is budgeted to cost ~A$2.5m toA$3.0m depending on the final metres drilled. The Company currentlyhas ~A$12m in cash and listed investments.
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