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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Nickel-Gold-Silver | |
| Date: | 3/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2017: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 5m @ 0.62% Co, 2.8g/t Au, 2.15% Cu from 31m. Artemis Resources Limited (“Artemis” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Edward Mead (Internal) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV) is pleased to report the first high grade cobalt, copper, gold assay results from the first five holes from the current RC drilling programme at the Company’s 100% owned Carlow Castle Cobalt/Copper/Gold Project near Karratha in Western Australia (Figure 4). The Carlow Castle Project is located only 10km south east of Roebourne in the Pilbara Region of Western Australia (Figure 4), and the tenor of mineralisation and large 32 km2 tenement makes the Carlow Castle Project a potentially valuable asset for Artemis. Artemis also owns the surrounding tenements. To date 5 holes have been drilled and a sixth is underway. 444m have been completed of an initial Stage One 23 hole 1,490m programme. Stage Two is now being planned due to the early success of this programme. David Lenigas, Artemis’s Chairman, commented; “Not only are these Cobalt results significant from a global perspective, but they clearly demonstrate the cobalt potential of this project, especially when combined with the high grades of gold and copper. The results also indicate multiple parallel lodes of Cobalt mineralisation.” “A great deal of the world’s Cobalt currently comes from the Democratic Republic of Congo (DRC), which, in many circles is regarded as conflict Cobalt due to the amount of child labour employed in its mining. To find Cobalt grades of this order in Australia makes this project even more significant as many end users can’t or won’t buy conflict Cobalt.” “We are also in the process of assessing the near term development potential of Direct Shipping Iron Ore (DSO) from Channel Iron Deposit (CID) Mesa’s on the consolidated tenement package owned by Artemis at Carlow Castle North. Data for the new project area is currently being collated.” “More Cobalt assay results are expected next week.” | |
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