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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Quod Est | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Silver | |
| Date: | 1/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2018: Artemis Resources Ltd. announces a Resource Estimation report for its Quod Est deposit at the Carlow Castle project. Updated Mineral Resource at Quod Est. Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to provide the first of a num | |
| Resources: | (Resource, I+I): 557Kt @ 1.0g/t Au, 0.2% Co, 0.5% Cu, 1.2g/t Ag | |
| CP/QP: | [Resources]: Philip Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to provide the first of a number of JORC (2012) compliant resources with the Quod Est deposit at the Carlow Castle (Cobalt/Gold/Copper) Project, located about 20km south-east of Karratha in the Western Pilbara Region of Western Australia. Carlow Castle is located only 30km north-east of Artemis’s 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 now being planned for geotechnical analysis for detailed open pit planning purposes and for advanced metallurgical recovery optimisation and plant operating cost planning. The mineralisation at Quod Est and Carlow Castle South 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 presence of chalcocite in some samples indicates supergene enrichment in the upper portions of the sulphide zone. JORC (2012) compliant resources on the much larger Carlow Castle South deposit are currently being estimated and will be available later this month The refurbishment and upgrade works at the Radio Hill Plant are progressing well. The Company is working to have the planned works, including the addition of a 70-100 tonne per hour gravity gold recovery circuit, completed and fully operational by the end of June 2018. The Company is also undertaking studies to increase the overall capacity of the plant to over 1 million tonnes per annum. | |
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