ARV artemis resources limited

Legend continued exploration during 2003 on it’s West Pilbara...

  1. 942 Posts.
    lightbulb Created with Sketch.  49
    Legend continued exploration during 2003 on it’s West Pilbara holding of approximately 675 square
    kilometres. The work included regional reconnaissance and mapping, target reviews and metal detecting
    along structural corridors.
    Traverses were conducted across rocks of the Cleaverville and Ruth Well formations, from Carlow Castle in
    the east to Mt Prinsep in the west. Additional work south of the regional Sholl shear zone was targeted on the
    Orpheus shear zone between Bradley Well and Mt Sholl.
    A considerable number of small gold nuggets were discovered by this work, from less than one gram and up
    to 265 grams (8.5 ounces). Preliminary evaluation suggests that better surface gold distribution is linked to
    structural control within areas of carbonate and iron alteration. Most of the nugget areas represent new
    prospects not previously reported, and are being followed up by more detailed geological mapping to
    determine and locate the source of gold.
    Many of the nuggets recovered to date appear to be close to bedrock source as further indicated by the
    relatively high silver content of up to 20%.
    Prospecting work is continuing as part of the exploration effort.
    • Carlow Castle (Legend 100%)
    Exploration drilling at Carlow Castle has discovered high grade resources, including 30,000 ounces
    of gold averaging 10g/t (with 1.4% copper) at Carlow South, which is open at depth. This resource,
    which has been previously reported by Legend, is in the category of “indicated and inferred” mineral
    resources, as defined in the JORC Code.
    Drilling to extend and increase Legend’s high grade gold and copper resource at Carlow South has
    been delayed by the acquisition of the Gidgee project.
    • Mt Sholl/ Black Hill Well/Twin Table Hills/ Radio Hill (Legend 100%)
    Significant gold anomalism has continued to be discovered by fieldwork within the Mt Sholl ground,
    with recovery of gold nuggets and specimens up to 10 ounces in weight. Shallow costeaning to
    bedrock has delineated a number of separate quartz-ironstone shear zones or reefs with visible gold,
    within mainly mafic volcanic rocks.
    At Twin Table Hills, adjacent to and along the margin of the regional Sholl Shear Zone, a number of
    small gold nuggets to 14 grams have been recovered from two separate zones up to 600m long and
    200-300m wide. Further investigation into the source of this gold is underway, and similarities in
    structural setting to the Indee gold deposit are being evaluated.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.