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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Silver | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2018: Artemis Resources Ltd. announces a Optimisation Study report for its Carlow Castle deposit at the Carlow Castle project. Positive pit optimisation for processing of material from Carlow Castle. David Lenigas, Artemis’s Executive Chairman, comme | |
| Resources: | (Resource, I+I): 4.5Mt @ 0.9g/t Au, 0.07% Co, 0.4% Cu, 1.3g/t Ag at Carlow Castle | |
| CP/QP: | [Overall Report]: Allan Younger (Indigo Geochemistry Pty Ltd.) | |
| ABSTRACT: | David Lenigas, Artemis’s Executive Chairman, commented; “As part of Artemis’s review of all of its projects in the Karratha area, to prioritise potential plant feed for the Radio Hill Plant in readiness for its recommissioning scheduled for June this year, we have just completed the first optimisation of our Carlow Castle Cobalt/Copper/Gold Project with highly encouraging results. The results confirm that nearly all of the currently identified Mineral Resource estimatesfall within the optimised pitshells. We have just completed a detailed Sub Audio Magnetics (SAM) survey over 1.9km2 covering the immediate Carlow Castle area and we are now planning an extensive drilling programme based on these SAM findings to increase the size of this new and exciting cobalt/copper/gold discovery in the Pilbara.” Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) advisesthat it has received positive results from pit optimisations of its Carlow Castle Cobalt/Copper/Gold Project Mineral Resource. The optimisation was done to assess potential plant feed of Artemis’ Radio Hill Processing Plant for its re-commissioning around the middle of the year. The Carlow Castle Project (Figure 3) is located about 30 km north-east of Artemis’ Radio Hill Plant site and is easily accessible via gazetted roads and highways. Diamond drilling is currently underway at the project for final metallurgy and geotechnical studies. | |
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