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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Silver | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Artemis Resources Ltd. announces a Resource Estimation report for its Carlow Castle deposit at the Carlow Castle project. Updated Mineral Resource for Carlow Castle. Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to provide a furth | |
| Resources: | (Resource, I+I): 4.5Mt @ 0.9g/t Au, 0.07% Co, 0.4% Cu, 1.3g/t Ag at Carlow Castle | |
| CP/QP: | [Resources]: Philip Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to provide a further update to the JORC Code (2012) compliant resource estimates for its 100% owned Carlow Castle Project, which includes Quod Est, Carlow Castle South and Carlow Castle South-East (Cobalt/Gold/Copper) Prospects, located about 20 km southeast of Karratha in the Western Pilbara Region of Western Australia. Carlow Castle is located only 30 km north-east of Artemis’ Radio Hill processing plant, via gazetted roads. Work has also commenced on converting the portion of Exploration Licence E47/1797 covering the deposits to Mining Leases. A diamond drilling programme is planned for geotechnical analysis for detailed open pit planning purposes and for advanced metallurgical recovery optimisation and plant operating cost planning. The refurbishment and upgrade work at the Radio Hill Plant are progressing well. The Company is progressing towards having the planned works, which includes the 2 | P a g e addition of a 70-100 tonne per hour gravity gold recovery circuit to the current sulphide processing circuit, completed and fully operational by the end of June 2018. Considering the potential commercial value of all three elements and the proximity to the Company’s processing plant at Radio Hill and the preliminary metallurgical testwork results previously announced in ASX announcement 19th June 2017 “Cobalt Metallurgy Tests Prove Positive Carlow Castle Project”, the project warrants detailed, systematic assessment. The orebody is shallow and diamond drilling for geotechnical pit optimisation is about to begin, along with further metallurgical studies. | |
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