Artermis Resources - ARV - Gold, Silver, REE

[trackers]

This one looks interesting. Being held down at the moment by a Paterson's capital raising which is to fund an extensive drilling campaign (5000 meters) at Mt Clement (currently underway).

@ 7c, Market cap is around $21 million after cap raise of 5mil

Mt Clement Gold:

There has been a lot of drilling at Mt Clement (Newmont, BHP among others) during times of very low gold prices ($200/oz). ARV has found additional resource as well, and current drilling is expected to infill and extend this even further.

ARV's 4 holes into high grade zone returned;
ARMCRC001 - 6m @ 8.8g/t gold, 558g/t silver
ARMCRC002 - 2m @ 3.22g/t gold
ARMCRC007 - 20m @ 7.3g/t gold, 395g/t silver
ARMCRC008 - 35m @ 2.9g/t gold, 119g/t silver

The high grade zone was successfully drilled over an area greater than 100m x 100m with gold, silver and copper mineralisation extending beyond the limits of drilling

Attachment 2992

There is also potential for open cut mining of near surface mineralisation

Yangibana REE project:

Dr. Anthony “Tony” Mariano, a world leading rare earth specialist has agreed to become a special advisor to
the Artemis Board. As a world‐recognized authority on carbonatites, alkaline rocks and rare earths, Dr.
Mariano provides Artemis with access to more than 50 years of experience in studying rare earth and rare
metal deposits. Tony has consulted to the United Nations, the United States Government, many of the world’s
rare earth explorers and developers including Molycorp and Neomaterials and has authored and co‐authored
many technical publications on rare earths.

After looking at the drilling samples he stated "the neodynium values contained in the rocks at Yangibana are the highest he has observed in any rocks"

Currently awaiting assays. Note that they haven't mentioned much of this as of late, so I'd be weary of ARV's REE potential (though some may disagree!)

Yandal Gold Project:

Historical drilling:

24m @ 3.10g/t,
8m @ 6.30g/t,
5m @ 4.30g/t,
16m @ 2.90g/t,
17m @ 2.30g/t,
3m @ 8.00g/t,
16m @ 2.20g/t,
2m @ 9.80g/t


Disc: Hold a small parcel.