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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Radio Hill | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 12/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2018: Artemis Resources Ltd. announces a Resource Estimation report for its Radio Hill deposit at the Carlow Castle project. Updated mineral resource estimate for the Radio Hill nickel mine. Artemis Resources Limited (“Artemis” or “the Company”) (AS | |
| Resources: | (Resource, Ind.): 1.15Mt @ 0.52% Ni, 0.73% Cu, 0.028% Co at Radio Hill | |
| CP/QP: | [Resources]: Philip A Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt:ATY, US OTC:ARTTF) is pleased to announce a new, shallow JORC 2012 resource estimate for the company’s 100% owned Radio Hill Nickel Mine in the West Pilbara region of Western Australia. The December 2018 resource estimate is classified to JORC 2012 compliant Indicated category. The Radio Hill Nickel Mine is in the West Pilbara region of Western Australia, ≈35 km by road south of the city of Karratha (Figure 2). Access is via the Karratha - Tom Price sealed road and then mine access tracks. Radio Hill is on a fully approved mining lease and contains Artemis’ 100% owned Radio Hill Processing Plant and the historic Radio Hill underground mine. The underground mine ore was processed through Radio Hill prior to the plant being placed into care and maintenance in September 2008 due to low commodity prices. Drilling by previous operators of Radio Hill comprised 1,052 drill holes including open hole percussion, RAB, RC, underground sludge and diamond drilling for a total of approximately 89,885 metres. In 2018 Artemis drilled the shallow mineralisation up-dip from the Fox underground workings on a regular grid. This included another 80 Reverse Circulation (“RC”) drill holes and 7 diamond drill holes for an additional 6,779.5 metres, aiming to verify older drilling and to increase the drill data available in the upper levels of the mineralisation. | |
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