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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-4-2017: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 12m @1.19% Co, 9.79g/t Au, 4.57% Cu from 38m. 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 continued high grade cobalt, copper and gold assay intersections from the recently completed RC drilling programme at the Company’s 100% owned Carlow Castle Cobalt/Copper/Gold Project near Karratha in Western Australia (Figure 3). The Carlow Castle Project is located only 10km south east of Roebourne in the Pilbara Region, 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. The drilling has been temporarily suspended at 34 holes for 2,426m with approximately 2670 samples including QA/QC being submitted to the laboratory. Results have been received for 8 of the holes (~560 samples) with the results of an additional 2,100 samples awaited. The results of the outstanding samples will help prioritise the zones for the resumption of drilling. The ALS Global (Perth Laboratory) assay results have confirmed the high grade nature of the northern area (Quod Est) at Carlow Castle. Holes completed to the west of the Carlow South resource area indicates the mineralisation extends at least another 150m to the west and the pXRF data indicates the mineralisation is still open to the west. The exceptional grade of 1 metre @ 6.54% Cobalt occurs at 54-55m in drill hole ARC006 immediately following 1 metre @ 3.1% Cobalt and 5.42% Copper from 53-54m in drill hole ARC006, within the high grade intersection shown in Figure 2. | |
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