Post by
Hopeful2017 on Nov 28, 2017 8:21pm
new announcement
ASX / Media Announcement 29 November 2017 Gold Nuggets recovered from Elysian Tenements Next to Comet Well and Radio Hill - Karratha, Western AustraliaDavid Lenigas, Artemis’s Executive Chairman, commented; “Since the announcement on 10 November 2017 to acquire the controlling interest in the Elysian Tenements next to Comet Well, Artemis has been discussing with and watching local prospectors metal detect on the ground that extends west from Comet Well. The results over a short period of time, have identified both vein hosted and water melon seed nuggets. This is a great start and once the tenements are granted, Artemis looks forward to embarking on a significant exploration programme to extend the Purdy’s Reward and Comet Well trend of gold mineralisation.” Figure 1: Nuggets recovered within Elysian tenements and purchased from prospectors (during week beginning 13 November 2017) 2 | P a g e Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) is pleased to announce that local prospectors (during the week commencing 13 November 2017) have been recovering gold nuggets (Figure 1) from tenements to be acquired by Artemis. On 10 November 2017 Artemis signed a binding agreement to acquire a 70% interest in 302.27km2 of tenements south of Karratha, in the Pilbara Region of Western Australia. This package of tenements comprises two (2) granted exploration licences, eight (8) exploration licence applications and three (3) prospecting licence applications (see Figure 2). Artemis geologists have been talking to prospectors and have witnessed the recovery of gold nuggets from the new acquisition tenements, immediately adjacent to Comet Well and Radio Hill. As well as confirming gold locations (Table 2), Artemis has also purchased these gold nuggets from the prospectors (Figure 1). The gold nuggets appear to be both specimen gold and watermelon seed. Further investigation is required, and once the application tenements are granted, geologists will be able to undertake ground disturbing activities, which will include trenching and pitting.