Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) has completed a successful rock chip sampling program at Mt Marie prospect within the West Pilbara Lithium Project in Western Australia, generating samples up to 4.67% lithium oxide.
This sampling program revealed spodumene (hard rock lithium) crystals up to 30 centimetres in length and highlighted a new mineralised zone dubbed Osborne East.
The company intends to undertake further reconnaissance and follow-up sampling over the E47/1746 tenement, host to Mt Marie.
“Exciting” early signs
“This second round of rock chip assay results provides further evidence of the potential scale and grade of the Artemis lithium discovery,” Artemis Resources executive director George Ventouras said.
“These results from the Mt Marie prospect and the new zone identified at Osborne East, are opening up the lithium mineralised region considerably and suggest that a greater portion of the tenement area is now prospective for lithium mineralisation.
“It’s very early in the reconnaissance program, however given the results to date and the outcropping pegmatites already delineated, we are confident that we have only just scratched the surface of lithium mineralisation potential across the tenement portfolio.
“With more than 150 square kilometres of 100% owned tenure and only around 25 square kilometres covered in the ground reconnaissance program to date, the pathway of prospectivity is becoming exciting.”
Multiple rock chip assays of greater than 0.5% lithium oxide originated from the new Osbourne East target, with other assay results of note from Mt Marie including:
- 24AR01-14 – 4.67% lithium oxide;
- 24AR01-15 – 2.11% lithium oxide;
- 24AR01-02 – 1.74% lithium oxide;
- 24AR01-06 – 1.68% lithium oxide; and
- 24AR01-11 – 1.46% lithium oxide.