Artemis Resources Limited (ASX:ARV) Reports High-Grade Assays at Thorpe Prospect
High-Grade Assays at Thorpe Prospect
Artemis Resources Limited (ASX:ARV) has reported compelling rock chip sampling results from the Thorpe Prospect, part of its Karratha Gold Project in Western Australia. The assays returned grades of up to 45.8 g/t gold and 10.3% copper, highlighting the site’s significant mineralisation potential.
Total samples sent for assaying included 52 rock chips, with substantial grades in gold, copper, and silver identified along two interpreted structures. Notable results include:
– 45.8 g/t Au, 3.7% Cu & 38.6 g/t Ag
– 12 g/t Au, 1.1% Cu & 3.7 g/t Ag
– 10.3% Cu, 0.4 g/t Au & 69.4 g/t Ag
Future Exploration and Drilling Plans
The exploration team is moving forward with plans for drill testing high-priority targets within the Carlow tenement, which will begin in early 2025, pending regulatory approvals.
Executive Director George Ventouras expressed excitement over the new findings, stating, “The prospects at Carlow tenement continue to deliver high-grade results from extensive veins. The future looks very bright for the Karratha Gold Project.” Artemis intends to employ advanced exploration techniques to further delineate the significant gold-bearing structures in the region.
Ongoing Exploration Efforts
Artemis has committed to broadening its exploration campaigns, building on its existing data and prior findings. The Company’s aim is to identify additional gold, copper, and silver zones while advancing towards comprehensive drilling efforts.
This announcement aligns with Artemis Resources’ broader strategy to explore its highly prospective tenement package within the West Pilbara region and aims to maintain momentum in the pursuit of valuable mineral discoveries.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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