TIDMARV
RNS Number : 4749S
Artemis Resources Limited
06 November 2023
Artemis Resources Limited
("Artemis" or the "Company")
(ASX/AIM: ARV, FRA: ATY, US: ARTTF)
Announcement by GreenTech Metals Limited
DIAMOND DRILLING COMMENCES AT OSBORNE JV WEST PILBARA LITHIUM
PROJECT
Artemis Resources Limited is pleased to provide below the full
text of the ASX announcement released by its joint venture partner
GreenTech Metals Limited (ASX:GRE) on 6 November 2023:
DIAMOND DRILLING COMMENCES AT OSBORNE JV WEST PILBARA LITHIUM
PROJECT
Highlights:
-- Diamond Drilling has commenced at the Osborne JV (GRE 51%; ARV 49%)
-- Programme provides for up to 1500m drilling to test
stratigraphy and structure to aid in planning of future detailed
drilling
-- Drill holes sited in area previously cleared
-- Drilling to target north dipping stacked LCT pegmatites in the "Southern Zone"
-- XRD analyses have previously confirmed spodumene bearing pegmatite at Kobe and Osborne
-- Initial heritage survey complete - heritage report expected
in 4 to 6 weeks to allow detailed drilling at Osborne and Kobe
-- GreenTech's West Pilbara lithium projects are to the west of
and in proximity to Azure Minerals (ASX: AZS) Andover Discovery
GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is
pleased to advise that Diamond Drilling (DDH) has commenced at the
Osborne JV tenement E47/3719, a joint venture (51% GRE: 49% ARV)
held with Artemis Resources Ltd (ASX: ARV). The Osborne JV sits to
the east and adjoins the Company's Ruth Well Project (Figures 2 and
3).
DDH's totalling up to 1500m have been planned to gather
stratigraphic and structural information in the Southern pegmatite
zone utilising existing heritage cleared areas .
The Southern LCT pegmatite zone sits within the Osborne JV
Project tenements and comprises a total combined 4km of pegmatite
strike along which previous rock chip samples have returned assay
results of up to 3.63% Li(2) O(1) .
(1) ASX Announcement, Greentech Metals, 24 July 2023
A previous review of historic soil geochemical data along with
the results from ongoing geological mapping has confirmed the
Northern and Southern LCT pegmatite zones whilst significantly
expanding the extent of lithium mineralisation in the project
areas.
Management Commentary
GreenTech Executive Director Thomas Reddicliffe commented:
"We are excited to commence our maiden drilling at Osborne
designed to gather valuable stratigraphic and structural
information relating to the subsurface characteristics of the
pegmatite zone. The data from this drilling will aid in refining
the more detailed follow-up drill programme once the results from
recently completed broader heritage clearances are received.
In light of the recent $1.6B takeover offer for Azure, the West
Pilbara is continuing to cement its position as one of the premier
global jurisdictions for hard rock lithium exploration. GreenTech
is moving quickly with its exploration programs as it continues to
reveal the true potential of its significant tenure in the
region."
Figure 1. Diamond drill rig on site at Osborne Targeting Wally
Pegmatite Zone
Forward Exploration Program
The Company has mobilised field crews to site who will be
continuing the following exploration activities during the maiden
drilling program:
-- Mapping
-- Rock chip and soil sampling
-- Drill target identification and site preparation
With the initial heritage survey having been completed further
drill sites in both the Northern and Southern trends will become
available in the next 4 to 6 weeks.
The Company has approved relevant programs of work (PoW's) which
will facilitate current and future drill programs on the project
tenements.
The Company is looking forward to continuing the exploration
efforts at both Kobe and Osborne and will distribute all results
and assays to market after they are received and assessed.
Technical information included in this announcement has
previously been provided to the market in releases dated:
15 June 2023 High Grade Lithium Discovered at Ruth Well Project
15 June 2023 Appointment of Lithium Advisors to Drive Exploration
29 June 2023 Greentech Metals Lithium Corporate Update
7 July 2023 Further High Grade Lithium Encountered at Ruth Well
10 July 2023 Lithium Bearing Pegmatites Identified West Pilbara JV
24 July 2023 Further High-Grade Lithium Assays Reported At Osborne JV
1 September 2023 Analysis Confirms Spodumene at Osborne JV
5 September 2023 New Lithium Targets at Ruth Well and Osborne JV
5 October 2023 Further High Grade Lithium Assays at Osborne JV
30 October 2023 Further High Grade Rock Chip Results Kobe
This announcement has been approved for release by the
Board.
ENDS
For Further Information:
Mr Thomas Reddicliffe Mr Guy Robertson
Executive Director
info@greentechmetals.com.au +61 (0) 407 983 270
About GreenTech Metals Limited
Greentech Metals is an exploration and development company
focused on the discovery, development, and opportunistic
acquisition of critical minerals particularly those used in battery
storage and electric vehicles. The Company's founding projects are
focused on lithium, nickel, copper and cobalt which have been
underexplored in the West Pilbara and Fraser Range Provinces.
Competent Person Statement
Thomas Reddicliffe, BSc (Hons), MSc, a Director and Shareholder
of the Company, is a Fellow of the AUSIMM, and has sufficient
experience which is relevant to the style of mineralisation and
type of deposit under consideration to qualify as a Competent
Person as defined in the 2012 edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves'. Thomas Reddicliffe consents to the inclusion in the
report of the information in the form and context in which it
appears.
Figure 2. Historic Soil Geochemistry and recently Mapped
Pegmatite Swarms highlighting Northern & Southern Pegmatite
Trends
Figure 3. GreenTech Project Location, West Pilbara Region
***Ends***
For Further information contact:
Artemis Resources Limited
Guy Robertson
George Ventouras info@artemisresources.com.au
WH Ireland Limited (Nominated Adviser and Broker)
Antonio Bossi / James Bavister / Isaac Hooper Tel: +44 20 7220 1666
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a
Perth-based exploration and development company, led by an
experienced team that has a singular focus on delivering
shareholder value from its Pilbara projects - the Greater Carlow
project in the West Pilbara and the Paterson Central exploration
project in the East Pilbara.
For more information, please visit
www.artemisresources.com.au
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END
DRLBFBRTMTAMMBJ
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November 06, 2023 02:55 ET (07:55 GMT)
Artemis Resources (LSE:ARV)
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