Artemis Resources Ltd - Western Australia-focused gold, copper and lithium exploration company - says stratigraphic diamond holes indicate potential sub-vertical orientation of pegmatites at Kobe and Osborne targets. New outcrop sampling ‘confirms significant mineralisation’ in Osborne’s western extension. Rock chip sampling assays include 2.36% lithium oxide, 102 parts per million niobium pentoxide, and 45 ppm tantalum pentoxide.
Company says maiden reverse circulation drilling programme at Osborne targets is planned for March, ‘to test near surface lithium rich zone where access has now been granted’. Field exploration at Mount Marie continues with further rock chip sampling underway.
Executive Director George Ventouras says: ‘The results from the stratigraphic holes drilled on the Osborne JV tenement have provided valuable information...Additionally, we are encouraged by the extension to the Osborne trend and look forward to further ground reconnaissance in the same area.
‘With the above and our results from the Mt Marie lithium prospect, we are very excited for the next few months of activity and news flow.
Current stock price: 1.70 pence, up 14% on Monday in London
12-month change: up 26%
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