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Paterson Range – Armada Tenement Granted

Armada Tenement Granted

Highlights:

  • Artemis is pleased to announce E45/5276 (Armada-Paterson Ranges) was granted on 14 February 2019 for a term of 5 years;
  • Artemis’ Armada Prospect covers an area of ?600km2 in the highly prospective Paterson Province of Western Australia, surrounding AIM listed Greatland Gold Plc’s (GGP) Havieron Project to the north, south and east;
  • Airborne magnetic surveying has identified eight compelling areas of interest within a 22km radius of GGP’s Havieron Project, with the prospectivity of this region confirmed by encouraging drill results released by GGP from Haverion, including:
    • HAD005 – 275m at 4.77g/t gold and 0.61% copper from 459m*, including:
      • 118m at 3.08g/t gold and 0.84% copper from 459m, and
      • 157m at 6.04g/t gold and 0.44% copper from 660m
    • HAD001 – 121m at 2.93g/t gold and 0.23% copper from 497m**
    • HAD003 – 21m at 3.79g/t gold and 0.44% copper from 418m***, including:
      • 1m at 29.12g/t gold and 0.4% copper from 428.5m
    • HAD006 – 367.1m at 1.15g/t gold, 0.44% copper and 176ppm cobalt from 471m****, including:
      • 150.5m at 2.25g/t gold, 0.67% copper and 224ppm cobalt from 471.5m
    • HAD008 – 89m at 1.97g/t gold, 0.8% copper and 362ppm cobalt from 426m
  • Artemis is currently compiling historic seismic and new MAG and gravity survey data to assist in planning a future drilling programme at Armada.

Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to announce our 100% owned, 601 km2 Armada tenement (E45/5276) has been granted by the DMIRS, as of 14 February 2019. This tenement is within the highly prospective Proterozoic Paterson orogen, located approximately 40km east of the multi-million-ounce Telfer Gold-Copper mine, and contiguous to the Haverion gold and copper discovery (“Havieron”) by Greatland Gold Plc, in the East Pilbara region of Western Australia.

Ed Mead, Artemis’ Executive Director commented:

“After identifying this copper-gold opportunity in mid-2018, Artemis has moved quickly to consolidate historic and newly acquired data as a precursor to a ground programme. The interest in this region is high and Artemis is now reviewing a range of options to advance Armada during 2019.”

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