Artemis Resources Limited (ASX: ARV) has recovered its first gold nuggets by metal detecting at the “Fairmont Prospect” from the Mt OscarWits conglomerate trend in Western Australia’s north-west.
Artemis Resources Projects in Karratha Area.
Mt OscarWits is an approved Exploration Licence covering 117.8 km2 , and is located approximately 35km south – east of Karratha and 16km north – east of the company’s Purdy’s Reward conglomerate hosted gold project.
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Artemis has recently completed geological mapping, rock chip and stream sediment sampling at Mt OscarWits which identified extensive sequences of principally quartz and chert clast conglomerates with anomalous gold mineralisation confirmed over a 14km strike length.
Artemis’s Executive Director, Ed Mead said the discovery of these nuggets adds to the further prospectivity of Mt OscarWits conglomerate gold potential.
The discovery of these watermelon seed gold nuggets on our 100% owned Mt OscarWits approved exploration ground, after our recent exploration work confirmed conglomerates over a 14km strike, is significant,” Mr Mead said.
“These nuggets are typically smaller than what we find at Purdy’s Reward as Mt OscarWits conglomerates appear to be less mafic.”