Artemis Resources (ASX: ARV) has mapped three new zones of potential antimony-lead mineralisation surrounding its Eastern Hills antimony-lead deposit in Western Australia.
Geological mapping and rock chip sampling results, have confirmed the discovery of the new antimony-lead zones directly north and northeast of the Taipan Zone, previously known as the Eastern Hills Main Zone.
The three new zones have a combined mapped strike length of approximately 2.8 kilometres, and show similar alteration and mineralisation styles to the Taipan Zone.
Two of the new zones, Dugite and Gwardar, are located immediately to the north within 50 metres of the Taipan mineralisation which is currently being drilled in order to define a maiden JORC compliant resource, expected in October.
While weaker alteration was mapped along the Gwardar Zone, the Dugite alteration appears to be stronger with antimony grades up to 2.9%
These new zones are not yet included in the current exploration target of Artemis' at Eastern Hills is 410,000 tonnes to 1.25 million tonnes at 1.5-1.9% antimony and 2.1-2.7% lead, which was based on only 800 metres of strike.
Identification of the new zones increases the potentially mineralised strike length of all four zones delineated to date by 350%.
The antimony-lead mineralisation at Eastern Hills occurs as vein hosted massive sulphides bound by disseminated sulphides consisting predominantly of pyrite and boulangerite, a lead-antimony sulphide.
Antimony demand from China is strong and prices have surged almost 400% over past 10 years, with current prices tracking US$4.65 per pound.
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