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PERTH - Artemis Resources Limited (ASX/AIM:ARV) has commenced a 1,600-meter reverse circulation (RC) drilling program at its Titan prospect within the Karratha Gold Project in Western Australia, according to a press release statement.
The drilling program aims to test three shallow gold targets, including outcrops of ferruginous and brecciated chert with high-grade surface gold results from selective sampling reported in 2024, two undrilled gravity anomalies associated with major structures, and strike extensions to elevated gold assays previously intersected at Titan East.
Previous drilling at Titan East during the first quarter of 2025 yielded a peak assay of 1 meter at 16.4 grams per ton gold in all three holes drilled, the company reported.
The Titan prospect has seen minimal previous drilling apart from three shallow diamond holes completed by Artemis at Titan East earlier this year. The company cited several factors supporting gold mineralization potential at Titan, including major structural disruption interpreted from magnetic and gravity data, proximity to the Regal Thrust Zone, and location near the Carlow resource.
"I am happy to report the Artemis team is excited that drilling is now underway as an initial test of the shallow gold potential interpreted to exist at Titan," said Julian Hanna, Managing Director of Artemis Resources. "This initial RC program should also provide valuable geological and geochemical data over the wider area which is largely obscured by transported cover and is undrilled."
The company also stated it is planning a diamond drilling program to test potential extensions to the Carlow Resource, initially along a 600-meter zone east of the Resource.
Results from the current drilling program are expected in the coming weeks, according to the company.
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