Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) is advancing toward drilling programs at the Mt Marie lithium and Lulu Creek gold projects in Western Australia with a heritage survey over the project areas, scheduled to begin tomorrow, July 3.
The survey will cover any remaining uncleared areas at the two projects and is aimed at clearing the regulatory pathway to launch drilling programs.
High potential for discoveries
“We are excited with the confirmation of heritage survey dates over priority drilling target areas,” Artemis Resources executive director George Ventouras said.
“Both the Lulu Creek and Mt Marie projects hold high prospectivity for their respective commodities.
“Once these surveys have been completed and reports received, it will clear the pathway for drilling of these targets.”
Artemis is confident in Mt Marie’s prospectivity due to multiple rock chip assay results returning more than 4% lithium oxide in an area known to host lithium mineralisation – Azure Minerals Ltd’s nearby Andover project reports an exploration target of 100 to 240 million tonnes at 1% to 1.5% lithium oxide.
Lulu Creek sits in a broader prospective structural gold corridor and previous drilling generated results of 12 metres at 0.42 g/t gold, including 2 metres at 1.62 g/t from 34 metres. Artemis has already identified four prospects – Sing Six, Sing Well, Orpheus and the namesake Lulu Creek prospect.
Artemis’ technical team will finalise the drill programs as soon as the heritage surveys are complete.