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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Nickel-Palladium | |
| Date: | 10/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-10-2018: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 16m @ 7.62g/t Au, 3.51% Cu, 0.94% Co from 36m. Artemis Resources Limited (“Artemis” or “t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Allan Younger (Independent) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt:ATY, US OTC:ARTTF) announces that high grade cobalt, copper and gold mineralisation has now been extensively drilled over a continuous strike of 1.2km from a target of over 12km in strike length at its 100% owned Carlow Castle Project located 30km from Artemis’s Radio Hill processing plant. All drill results have now been received from the extensive 24,655m drilling programme and a new JORC 2012 compliant resource is now being estimated and is scheduled to be delivered this quarter. The Company is expecting a significant increase in the previous maiden JORC resource as reported in January 2018. Artemis’ Executive Director Ed Mead commented: “Carlow Castle was one of the first ever cobalt discoveries in Australia in the 1920’s and since intersecting cobalt grades up to 6.5% in the early stages of this drilling programme, this project continues to deliver outstanding results. The Company has drilled ≈10% of the 12km target zone and sees multiple opportunities to grow this project. Metallurgical testwork is well advanced and a significant new JORC resource is expected this quarter. Artemis is now making plans for an aggressive new drilling programme with multiple rigs to expand this resource well beyond what has been defined to date. Carlow Castle is a very exciting project and one that can add significant long-term value to Artemis.” | |
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