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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Nickel-Palladium | |
| Date: | 8/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2018: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 132m @ 4.89g/t Au, 1.11% Cu, 0.25% Co from 98m. Artemis Resources Limited (“Artemis” or “t | |
| Resources: | (Resource, I+I): 2.3Mt @ 1.3g/t Au, 0.11% Co, 0.5% Cu at Carlow Castle | |
| CP/QP: | [Overall Report]: Edward Mead (Internal) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX : ARV and Frankfurt : ATY) is pleased to announce high grade intercepts from reverse circulation (RC) drilling at the company’s Carlow Castle Project in the West Pilbara. Artemis’ Chief Executive Officer Wayne Bramwell commented: “Carlow Castle is new and becoming a significant discovery in the West Pilbara. The gold, cobalt and copper tenor defined by Artemis to date is exceptionally high and the system is open at depth and along strike. Our current drilling footprint only covers an area 500m wide by 1.2km long and the three known targets are rapidly morphing into a much larger system than initially predicted. Artemis is excited as to the potential local and regional scale of this system. More assays are pending, with Artemisremaining focused upon delivering a resource update for Carlow Castle in the next quarter.” Drilling at Carlow Castle has intersected mineralisation in a north-south orientation from Quod Est to Carlow Castle South (over 500 metres). The main strike of mineralisation at Carlow Castle South is east-west (with current defined strike distance of this east-west trend approximately 1.2km). This is open along strike and at depth (refer Figure 2). Current Artemis drilling seeks to infill and extend the 1.2km east-west strike and seeks to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource. Future drilling post a resource update will test further strike extensions. 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. The presence of chalcocite in some samples indicates supergene enrichment in the upper portions of the sulphide zone. | |
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