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Artemis Resources (ASX: $ARV) reports further high-grade rock chip results

Artemis Resources' Ground Reconnaissance Program Results


Artemis Resources Limited (ASX: $ARV) has announced further high-grade rock chip results from its Mt Marie and Osborne East lithium prospects in the Pilbara region of Western Australia. The ground reconnaissance program has expanded the strike length and grade of the lithium prospects, with the Mt Marie prospect showing a significant increase in outcropping strike length to more than 230m. The company is considering additional programs to identify sub-surface pegmatites and lithium mineralisation, with program of works (PoW's) submitted and approved, and heritage clearance applications in process.

Executive Director's Perspective


We are pleased with the results of the latest sample assays received from the lab which continue to point to a high-grade lithium mineralised system. The Mt Marie prospect is fast becoming a priority one target which will be ripe for drilling once heritage clearances are completed. Together with the Osborne East prospect, and many more kilometres of tenure unexplored for lithium, we are looking forward to continued work programs.

Summary of ASX Announcement


Artemis Resources' ground reconnaissance program has yielded further high-grade rock chip results, indicating the potential scale of the Mt Marie and Osborne East lithium prospects. The company is considering additional programs to identify sub-surface pegmatites and lithium mineralisation, with a focus on expanding the strike length and grade of the prospects. The Osborne Lithium Project, a joint venture with Greentech Metals (ASX: $GRE), has delayed its follow-up drill program to complete a structural analysis aimed at better understanding the controls on the lithium pegmatites. Artemis Resources remains focused on its gold, copper, and lithium projects in Western Australia, with a commitment to further exploration and development of its resource assets.

ARTEMIS RESOURCES LIMITED
ARV | ASX | Materials
0.0130.001(+8.33%)
At close 05/07 (AEDT)
Market cap
$21.2M
Volume
420,537
DY Yield
0
PE Ratio
0
52 Week Range
0.011 - 0.049
1YR Return
225%

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