Artemis Assets (ASX: ARV) (Artemis or the Firm) is happy to report a high-grade gold intersection within the first RC gap testing an interpreted NE trending shear zone on the Titan East Prospect, 1.5km west of the Carlow gold-copper useful resource1.
Highlights
- First Reverse Circulation (RC) drill gap to check an interpreted shear zone on the Titan East Prospect produced an excellent intersection of 5m @ 13.1g/t gold from 132m down gap in 25ARRC006. There isn’t any earlier drilling alongside the shear zone.
- The high-grade gold intersection is related to vein quartz inside a 20m mineralised interval which incorporates different elevated gold assays between 0.1g/t Au as much as 0.78g/t gold.
- Assay outcomes awaited from a second RC gap, 25ARRC024, drilled 50m east of 25ARRC006 which intersected a number of intervals of vein quartz ranging from 28m depth.
- The interpreted NE trending shear zone which hosts the gold intersected in 25ARRC006 is roofed by transported sediments and is parallel to the Regal Thrust, which outcrops as a outstanding chert ridge 300 metres to the south.
- Diamond drilling is deliberate to start out late November to find out orientation of the quartz veins and potential for extensions alongside the interpreted shear zone.
Important intersection – 25ARRC006 (all assays obtained):
- 5m @ 13.1 g/t Au from 132-137 m, together with 3m @ 20.9 g/t Au from 133m.
- The high-grade gold intersection is related to ample vein quartz.
- Excessive-grade gold happens inside a 20m interval of elevated gold values from 131m.
Step-out gap – 25ARRC024 (assays pending):
- A number of intervals of vein quartz recognized between roughly 28m and 57m.
- Vein quartz happens inside altered and sheared ultramafic, mafic and sedimentary items.
- Gap 25ARRC024 additionally seems to have drilled by the interpreted shear zone.
Jozsef Patarica, Government Director, commented:
“Titan East is a brand-new, shear-hosted gold goal simply 1.5km from Carlow. Hitting 5m @ 13.1 g/t Au within the first RC gap is a wonderful begin and helps our technique to construct scale round Carlow by discovering extra, close by gold sources. Given the very encouraging gold intercept we have now organized for diamond drilling to start in late November to outline the true widths and orientation.”
“Whereas we await extra assays from the RC drilling, these outcomes have vastly elevated our confidence within the potential at Titan and the broader Carlow space. Other than the three diamond holes drilled within the March quarter which returned a really promising results of 1m @ 16.6g/t Au and the latest 18 RC drill holes, Titan is totally untested.”
Click on right here for the complete ASX Launch
This text consists of content material from Artemis Assets, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your accountability to carry out correct due diligence earlier than performing upon any data supplied right here. Please discuss with our full disclaimer right here.
