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Artemis Resources Ltd is poised to discover large-scale, multi-million ounce systems in the Karratha Gold Precinct in Western Australia, driven by structural complexity and the proximity of the Sholl Shear zone and the Regal Thrust.

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Artemis Resources Ltd is optimistic about their upcoming exploration of prospects within the Karratha Gold Precinct in Western Australia, with a planned drill testing of Lulu Creek prospect in 2024. Spanning over 200 square kilometres, the Karratha Gold Project in Western Australia’s West Pilbara region holds immense potential for gold and other commodities like lithium, copper, nickel, cobalt and silver.

The discovery of intrusion-related gold systems (IRGS) in the Pilbara region is a relatively new phenomenon, but they indicate a scale of mineralisation previously unseen. The gold distribution in these deposits is primarily in a series of intrusions, notably related to stringer and disseminated sulphide-rich zones. Such discoveries’ value can be gauged by their size, grade continuity and growth potential.

Artemis Resources believes that the Karratha precinct has the ability to host large-scale, multi-million ounce systems, thanks to the region’s increased structural complexity due to the Sholl Shear zone and the Regal Thrust’s proximity.

Carlow Project

The Carlow Project resides within a series of shear zones along the Regal Thrust Fault’s margin within the Roebourne Complex’s basalt and sediments. The Regal Thrust is a regionally significant structure that folds around on itself over a distance greater than 90 kilometres. Shear splays along the Regal Thrust’s contact within the Roebourne Complex are considered prospective for mineralisation, especially when intruded by Andover mafic/ultramafics.

Currently, Artemis Resources boasts a high-grade resource at its Carlow Castle prospect of 704,000 ounces at 2.5 g/t gold equivalent.

Lulu Creek Prospect

The Lulu Creek prospect, formerly known as Carlow West, was previously drilled in 2020, targeting a discrete surface anomaly. Following up on this in 2023, an induced polarisation (IP) survey was completed, further delineating targets at depth. Thanks to these positive results, the West Australian State Government has awarded Artemis an exploration incentive scheme (EIS) grant of $82,500 to co-fund further drilling.

A program of works to cover the Lulu Creek prospect has been submitted and approved, and a heritage clearance application has been completed, awaiting approval. Once the clearance is complete, drilling can be scheduled, as supported by the EIS co-funded drilling grant.

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Artemis Resources’ prospects look promising given the inherent potential of the Karratha Gold Precinct. The company’s belief in the precinct’s ability to host large-scale, multi-million ounce systems indicates a strong outlook on its exploration and drilling ventures. The awarded EIS grant reaffirms the potential that these explorations hold.

The Carlow Project, with its high-grade resource, adds another dimension to Artemis’ potential growth trajectory. The Lulu Creek prospect, given its positive drilling results and the subsequent EIS grant, acts as a significant asset in the company’s portfolio.