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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Quod Est | |
| Location: | Australia | |
| Commodities: | Cobalt-Gold-Copper-Silver | |
| Date: | 1/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Artemis Resources Ltd. announces a Resource Estimation report for its Quod Est deposit at the Carlow Castle project. Amended Mineral Resource including futher information and maps. Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to | |
| Resources: | (Resource, I+I): 557Kt @ 1.0g/t Au, 0.2% Co, 0.5% Cu, 1.2g/t Ag at project | |
| CP/QP: | [Resources]: Philip Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis”) (ASX: ARV) is pleased to provide the first of an anticipated number of JORC Code (2012) compliant resources with the Quod Est deposit at the Carlow Castle (Cobalt/Gold/Copper) Project, 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 Co-Au-Cu 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 primary sulphides are chalcopyrite, cobatite and pyrite; the presence of chalcocite in some samples indicates supergene enrichment in the upper portions of the sulphide zone. The structural environment of the area is complex; Quod Est strikes north-south and dips steeply to the east (Figure 3) whereas Carlow South strikes east-west and dips steeply to the north. A SAM (Sub Audio Magnetics) geophysical survey is in progress to help resolve the interpretation of the structural system | |
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