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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Radio Hill | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Silver | |
| Date: | 4/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-4-2018: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Radio Hill deposit at the Carlow Castle project. Drilling results incl. 15m @ 2.05% Ni, 1.94% Cu, 0.09% Co from 27m. Artemis Resources Limited (‘Artemis’ or ‘the Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Allan Younger (Indigo Geochemistry Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (‘Artemis’ or ‘the Company’) (ASX: ARV) is pleased to provide the drilling results from the drilling of the top of the Radio Hill deposit. Radio Hill (Nickel/Copper/Cobalt): Artemis has completed an 80 hole Reverse Circulation (RC) drilling programme at Radio Hill (totalling 7,052 m), designed to delineate the unmined shallow nickel/copper/cobalt mineralisation at of the Radio Hill deposit. Drilling results have been shown in Table 1. Hole locations and co-ordinates are shown in Table 2. (Note: the intercepts are not truth width and are based on 1 metre samples. Refer to Table 2). 2 | P a g e The Radio Hill orebody comes very close to surface near the metallurgical Test Pit area (shown to the right of the RED circle in Figure 1), originally excavated by AGIP in 1985. This Test Pit was originally mined to evaluate the metallurgical characteristics of the Radio Hill Ni/Cu/Co sulphide ores to provide data for the design of the original milling circuit and on-site smelter complex which has been removed. David Lenigas, Artemis’s Executive Chairman, commented; “Artemis has now received all of the RC drilling results from the top of the Radio Hill deposit, which is located only 400m from our Radio Hill plant crushing circuit. These are excellent shallow Ni/Cu/Co grades and our focus on this deposit is now to calculate the new near surface mineral resource estimates and produce optimised open pit shells. With today’s nickel, copper and cobalt prices, we will be working with our independent consultants to assess Radio Hill’s near term open pit potential.” | |
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