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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2019: Artemis Resources Ltd. announces a Resource Estimation report for its Carlow Castle deposit at the Carlow Castle project. Updated mineral resource estimate at Carlow Castle. Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankf | |
| Resources: | (Resource, Inf.): 7.7Mt @ 1.06g/t Au, 0.51% Cu, 0.08% Co | |
| CP/QP: | [Resources]: Philip A Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt: ATY, US OTCQB :ARTTF) is pleased to announce a significant increase in the Mineral Resources reported in accordance with the JORC Code (2012) at its 100% owned Carlow Castle Project (EL 47/1797) in the West Pilbara region of Western Australia. Since the previous resource announcement for Carlow Castle (19 January 2018), Artemis have completed additional drilling that added to the resources, mainly in previously undrilled sections along strike and near the central area of the Carlow Castle line. In total 12 diamond drill holes for 1,504.6 m and 108 Reverse Circulation (RC) drill holes for 15,882 m were drilled since the previous announcement. A summary of the Carlow resource estimate is tabulated below (Table 1). The entire resource is classified as Inferred Mineral Resources totalling 7.7M tonnes at 1.06 g/t Au, 0.51% Cu and 0.08% Co. The resource is reported for material using a lower cut off grade of 0.3g/t Au. High grades have been capped (top cut) for gold, copper and cobalt. The top cut varies dependent on the grade domain, these values are tabulated in Table 4. Artemis Chief Executive Officer Wayne Bramwell commented; “The 2018 Carlow Castle Au-Cu-Co drilling programme has significantly increased the inferred resource to 7.7Mt. The growth in tonnage, in conjunction with our preliminary metallurgical programme confirming Carlow Castle’s amenability to low cost processing technology now builds a platform to advance Carlow Castle in a systematic manner. The next round of diamond drilling will focus on improving the structural understanding of the resource and better inform proposed extensional drilling.” | |
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