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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Ruth Well | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Nickel-Palladium | |
| Date: | 5/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2018: Artemis Resources Ltd. announces an Exploration/Drilling Update report for its Ruth Well deposit at the Carlow Castle project. Drilling results incl. 13m @ 2.14% Ni, 1.19% Cu, 0.069% Co, 0.6g/t Au, 0.58g/t Pd from 55m. Artemis Resources Limited | |
| 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) advises that it has received the first assay results from Reverse Circulation (RC) drilling at Ruth Well Nickel Copper Cobalt Project. The Ruth Well Project (Figure 1) is located 12Km north of the Radio Hill Operations. The Ruth Well Project is on granted Exploration tenement (E47/3487) and sits within the recently identified Zac deposit project area where a +20,000 Siemen target has been identified and was announced by Artemis on 10 April 2018. Artemis has completed an initial 38 hole Reverse Circulation (RC) drilling programme at Ruth Well (totalling 2,838 metres), designed to delineate shallow nickel/copper/cobalt mineralisation. Drilling results to date are 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). An initial diamond drill hole (EWDH005, Table 2) has been completed for 80 metres. The drill hole is currently being lithologically and geotechnically logged. Once this is completed the diamond core will be cut and sent for assay. The Ruth Well drilling results to date compliment recent drilling results from the Radio Hill Nickel Copper Cobalt deposit where Artemis is targeting to grow a base metal resource base for the Radio Hill Operations. David Lenigas, Artemis’s Executive Chairman, commented; “We are now looking at something potentially quite significant at Ruth Well on the Nickel/Copper/Cobalt front, which is located only 12 km north of our Radio Hill Operations. We are seeing excellent nickel grades over significant widths, with very high copper and cobalt credits, and we now have a lot of newly identified shallow targetsto drill over a potential 3.5 km east-west1 strike in the Ruth Well area. Drilling will re-commence as soon as we receive further POW approvals from the DMIRS. We are eager to start drilling again to see if this new nickel area can form part of our future nickel production strategy through Radio Hill.” | |
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