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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Carlow Castle | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Palladium-Nickel-Iron-Platinum-Zinc | |
| Date: | 5/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2017: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Carlow Castle deposit at the Carlow Castle project. Drilling results incl. 11m @ 3.41% Cu, 0.79% Co, 14.07g/t Au from 32m. David Lenigas, Artemis’s Chairman, commente | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Edward Mead (Internal) | |
| ABSTRACT: | David Lenigas, Artemis’s Chairman, commented; “We have identified a number of new highly prospective areas for cobalt adjacent to our current Quod Est drilling area. A new RAB drilling programme has been designed to identify additional targets for RC drilling whilst we wait for the final assays from the recent drilling just completed. Excellent assay results continue from the last RC drilling programme and we are seeing some very high grades for Cobalt, Gold and Copper over very good widths.” Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV) is pleased to report the continuation of 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. The Carlow Castle Project is located only 10km south east of Roebourne in the Pilbara Region of Western Australia (Figure 3), and the tenor of mineralisation and large 32km2 tenement makes the Carlow Castle Project a potentially valuable asset for Artemis. Artemis also owns the surrounding tenements. The Reverse Circulation (RC) drilling programme has been temporarily suspended at 34 holes for 2,426m with approximately 2,670 samples including QA/QC being submitted to the laboratory. Results have been received for 28 of the holes (~1726 samples) with the results of an additional 770 samples awaited. The results of the outstanding samples will help prioritise target mineralised zones for the resumption of RC drilling. | |
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