Artemis Resources Limited (ASX: ARV |AIM: ARV) has provided an update on the successfully completed high resolution dipole–dipole induced polarization (IP) survey over the prospective Lulu Creek Intrusion Related Gold System (IRGS). The survey consisted of 15 lines for 14-line kilometres over an area of 251ha.
“Discovering IP conductors, one of which is associated with gold mineralization, reinforces our belief that Lulu Creek may represent a new IRGS discovery within our Pilbara tenements,” commented Artemis exploration manager, Luke Meter.
“With the intrusion being emplaced along the prospective Regal Thrust and situated near recently documented ‘Sanukitoid like intrusions’, which indicate mantle fluid pathways in the area. The company is excited by its potential and is advancing its preparations to drill test the new anomalies.”
Lulu Creek lies 20 km to the west of Artemis’s Carlow Castle deposit and forms part of the prospective Greater Carlow area in Pilbara, Western Australia. The prospect was initially identified in 2018 via a regional soils and rock chip program defining an area of interest over 4km in an east-northeast orientation.
Three IP chargeability anomalies were detected from a 15-line dipole–dipole survey over the Lulu Creek IRGS. From this, two chargeability anomalies form adjacent to a moderately-high resistive unit within the intrusion, while the third anomaly sits just off the intrusion and along the Regal Thrust.
The central, shallow IP chargeability anomaly corresponds with gold mineralization and is open at depth. The northern and deeper IP chargeability anomaly is untested and associated with a subtle magnetic feature.
The southern IP chargeability anomaly is interpreted as a shallow body and corresponds with a gossanous outcrop along the Regal Thrust. The resistive feature is interpreted as a significantly altered portion of intrusion and warrants further investigation. Plans to drill test these new targets in Q4 2023 are advancing.
For further information, please visit: www.artemisresources.com.au
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