Artemis Resources achieves maiden Resource at Eastern Hills

THE DRILL SERGEANT: Artemis Resources (ASX: ARV) has released a maiden JORC-compliant Mineral Resource for the company’s Eastern Hills antimony-lead project located in the Ashburton region of Western Australia.

The calculation of the Resource follows the identification of the project by Artemis early this year and the completion of a reverse circulation drilling program in October.

Artemis said the combined Indicated and Inferred resource had exceeded its size expectations by comprising 1.3 million tonnes at 1.7 per cent antinomy and 2.5 per cent lead.

 

Eastern Hills Mineral Resource estimate based on a 1.0% antinomy cut-off grade. Source: Company announcement

 

The company emphasised the higher confidence Indicated resource category returned higher grades than expected in antimony (2%), lead (3.1%) and gold (0.41 grams per tonne) compared to the Exploration Target it had estimated earlier this year.

This resource estimate only includes mineralisation from the Taipan Zone, with drill testing of the recently identified high-grade Dugite Zone (up to 35.7% antimony, 29% lead, 1335g/t silver and 3.36g/t gold), scheduled for the 2014 field season.

 

Eastern Hills Mineral Resource, antimony zones and drillhole locations. Source: Company announcement

 

“The Artemis team is to be commended on the progress of the emerging Eastern Hills antimony-lead project during 2013, culminating in a maiden JORC-compliant resource,” Artemis Resources general manager-exploration Trevor Woolfe said in the company’s announcement to the Australian Securities Exchange.

“We now look forward to building on this strong foundation in 2014, with a focus on drill testing the very high rock chip grades recently reported on the adjacent Dugite Zone.”

Email:
info@artemisresources.com.au

Website:
www.artemisresources.com.au