Artemis (ASX:ARV) strikes at titan: A sleeper awakens in the Pilbara?

In the sweltering expanse of the Pilbara, where gold and copper discoveries can turn minnows into market darlings overnight, Artemis Resources (ASX:ARV) has wrapped up Phase One drilling at its Carlow Tenement.

And while assays are still pending, the early geological clues hint at a potential breakthrough that could rewrite the project’s significance.

The campaign, comprising 1,790m of diamond drilling across five holes, was a surgical strike on three high-priority targets: the Titan gold prospect, the Marillion electromagnetic (EM) target, and a potential deep extension of the existing Carlow deposit.

Why Titan Matters

Titan, located 2km northwest of Carlow, has long been a tantalising prospect, with surface rock chips returning high-grade gold in 2024.

But until now, it remained an enigma—was this a true gold system or just a geological mirage?

Artemis Resources Managing Director Julian Hanna believes the latest drill core provides compelling evidence of a fertile structure.

“While we await assay results to confirm if gold has been intersected at Titan, wide zones of alteration, quartz veining and brecciation were reported in drill core from the three holes drilled to date,” he said

Adding intrigue, portable X-ray fluorescence (pXRF) readings at Titan have detected arsenic values as high as 3,460ppm—an element commonly associated with gold mineralisation in the region.

If the assays back up the preliminary geochemistry, Artemis could be onto something substantial.

A Geological Puzzle at Marillion and Carlow

The company also targeted the Marillion EM conductor, a large anomaly 800m east of Carlow.

Here, drilling hit vein-hosted and semi-massive sulphides, including visible chalcopyrite—suggesting potential for a copper-gold system.

Meanwhile, at Carlow itself, a deep drill hole probing for extensions encountered sulphide-rich zones in key stratigraphic positions.

“The initial drilling program is already changing our understanding of the geological and structural setting as well as the wider gold potential of this highly mineralised area,” Hanna added.

The Market View

For Artemis shareholders, the big reveal still lies ahead.

The company has dispatched its drill core for lab analysis, with results expected in the coming weeks.

If the assays confirm meaningful gold mineralisation at Titan, Artemis may have a discovery that significantly upgrades the Carlow project’s scale.

In a sector where discovery is the ultimate currency, Artemis now finds itself in a game of geological brinkmanship. Will Titan prove to be a sleeping giant?

Investors will be watching the assays like

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