Artemis Resources has announced the expansion of tenure at the Silica Hills Gold Project located 23km SSE of Karratha.
The company has now completed the acquisition of all the shares in Sear Zone Mining, a private company that holds 34 of 100 shares in Mining Leases M47/93 and M47/232 (Mt Sholl East).
The Mt Sholl East tenements cover 201.1 hectares and are contiguous and along strike to Artemis’ Mining Leases M47/288 and M47/177, containing the recently announced Silica Gills gold discovery.
Artemis said its tenement E47/1746 surrounds the Silica Hills Gold Project and the Mt Sholl East tenements and is the focus of exploration, looking at strike extensions of gold mineralisation recently identified.
Artemis’ CEO Ed Mead said Artemis is to issue 20,000,000 shares at $0.002 (40,000) to complete the acquisition of Shear Zone Mining.
“The Increased Mining Lease Tenure of Silica Hills will assist Artemis in developing the gold potential of this project more quickly,” Mr Mead concluded.