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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Nickel-Palladium | |
| Date: | 9/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2018: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 43m @ 0.99g/t Au, 1.05% Cu, 0.16% Co from 66m. Artemis Resources Limited (“Artemis” or “th | |
| 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) is pleased to announce the latest drilling results from its Carlow Castle Project in the West Pilbara region of Western Australia. HIGHLIGHTS Shallow and deeper high-grade gold, cobalt and copper assays continue to be delivered from the Company’s Carlow Castle Project with new intersections highlighting the depth potential of the mineralised shear zone system. Artemis’ Chief Executive Officer Wayne Bramwell commented: “The latest results continue to support our view that there are multiple mineralising events and deeper extensions existing within the larger Carlow Castle system. Artemis is on track for a resource update in Q4 and post this, additional extensional and in-fill drilling is planned to define the broader scale and the internal controlling structures of this emerging Au-Co-Cu deposit.” The Carlow Castle Au-Co-Cu Project currently covers three deposits (Carlow Castle South, Quod Est and Carlow Castle South East) and is approximately 35km from Artemis’ 100% owned Radio Hill processing plant. The mineralisation at Carlow Castle is hosted in chloritic shear zones, within the predominantly Archean mafic sequence. The ore zones appear partially oxidised above 20m, with sulphides extending to depth. The primary sulphides are chalcopyrite, cobaltite and pyrite with the presence of chalcocite and native copper in some samples indicating supergene enrichment in the upper portions of the sulphide zone. This drilling programme at Carlow Castle focussed on an initial 1.2 km of a 4 km mineralised trend identified using Sub Audio Magnetics (SAM) geophysics and geochemistry. Mineralisation has been intersected in a north-south orientation from Quod Est to Carlow Castle South (over 500 metres), with the main strike of mineralisation at Carlow Castle being east-west . The objective of this drilling was to infill and extend the 1.2 km east-west strike and seek to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource (Figure 1) . This east-west trend remains open along strike and results reported here confirm the depth potential in the eastern end of the system. | |
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