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Artemis Resources ( (AU:ARV) ) just unveiled an update.
Artemis Resources has reported new diamond drilling results from the Titan East gold discovery at its Karratha Gold Project, confirming down-dip continuity of gold mineralisation within the Titan East shear zone. The latest intersections, including 4.7 metres at 2.3 grams per tonne gold and 5 metres at 1.3 grams per tonne, extend mineralisation to at least about 150 metres below surface and corroborate earlier high-grade reverse circulation drilling.
The company says the gold is structurally controlled within steeply south-dipping shear structures hosted in mafic rocks and strongest at contacts between mafic and ultramafic units, supporting the potential for a larger shear-hosted orogenic system. Titan East has now been elevated to a priority target in Artemis’ Pilbara portfolio, with further reverse circulation and diamond drilling, along with environmental assessments to secure additional drill access, planned to test extensions of the mineralisation along strike and at depth.
The most recent analyst rating on (AU:ARV) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Artemis Resources stock, see the AU:ARV Stock Forecast page.
More about Artemis Resources
Artemis Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia’s Pilbara region. The company’s 100%-owned Karratha Gold Project includes the Titan East prospect near the Carlow Castle resource area, where it is targeting shear-hosted orogenic gold mineralisation within the Regal Thrust structural system.
Technical Sentiment Signal: Sell
Current Market Cap: A$22.63M
For a thorough assessment of ARV stock, go to TipRanks’ Stock Analysis page.