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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 11/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2019: Artemis Resources Ltd. announces a Resource Estimation report for its Carlow Castle deposit at the Carlow Castle project. Updated mineral resource estimate at Carlow Castle. Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Fran | |
| Resources: | (Resource, Inf.): 8Mt @ 0.6% Cu, 1.6ppm Au, 0.08ppm Co at Carlow Castle | |
| CP/QP: | [Resources]: Matthew Cobb (CSA Global Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to announce a significant increase in the Mineral Resource Estimate (MRE) in grade and metal tonnes in accordance with JORC Code (2012) at the Company’s 100% owned Carlow Castle Project (E47/1797). A summary of the Carlow Castle MRE is tabulated in Table 1. Commenting on the resource update, Artemis Resources Executive Director Ed Mead said: “The new Mineral Resource estimate including geological and structural models undertaken by independent consultants CSA Global has significantly increased metal tonnes giving the Artemis board confidence to move Carlow Castle towardsscoping study and then feasibility. A small fully funded work program of infill drilling will be undertaken with the objective of allowing conversion of a part of the Mineral Resource Estimate to higher classification (Indicated) and to feed into a scoping study and financial model, prior to conducting a feasibility study. We are in the fortunate position of owning a processing plant just ~35 km from the deposit and we look forward to accelerating the project and taking full advantage of this.” | |
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