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Artemis Resources Ltd.
Summary
| Project: | Carlow Castle | |
|---|---|---|
| Deposit: | Weerianna | |
| Location: | Australia | |
| Commodities: | Gold-Cobalt-Copper-Nickel-Palladium | |
| Date: | 12/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2018: Artemis Resources Ltd. announces a Resource Estimation report for its Weerianna deposit at the Carlow Castle project. Updated mineral resource estimate at Weerianna. Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt, U | |
| Resources: | (Resource, Inf.): 975Kt @ 2.0g/t Au for 62739oz Au contained | |
| CP/QP: | [Resources]: Fleur Muller (Geostat Services Pty Ltd.) | |
| ABSTRACT: | Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV, Frankfurt, US OTC:ARTTF) is pleased to announce the latest resource estimate for the company’s 80% owned Weeriana Gold Project in the West Pilbara region of Western Australia. The October 2018 resource estimate is classified as Inferred (JORC 2012 Code for reporting Mineral Resources). Artemis’ Chief Executive Officer Wayne Bramwell commented: “Artemis has drilled 37,000m across eight of its projects in the last 12 months to best determine which sites warrant more exploration expenditure. “Weeriana has only been drilled to an average depth of 69m and as a shallow, quartz vein style gold resource may have the potential to increase in scale with deeper drilling.” Artemis undertook a reverse circulation (RC) drilling program in 2018 comprising 19 drillholes for a total of 1,644m. Drilling tested for extensions to previously interpreted locations for mineralisation and to provide confirmation of previous results. This announcement provides an updated resource estimate incorporating both the Company’s recent drilling data and drilling data collected during exploration previously undertaken by other companies. The Weerianna Gold Project (‘Weerianna” or the Project) is located in the West Pilbara region of Western Australia, approximately 25km east of Karratha and 5km west of Roebourne (Figure 2) and is adjacent to the North West Coastal Highway. Weerianna is situated on granted mining lease M47/223 (granted until 27 December 2031). M47/223 is 100% held by Western Metals Pty Ltd, an entity in which Artemis has an 80% interest (via its wholly owned subsidiary, Karratha Metals Pty Ltd). The deposit is 35km by road to the Radio Hill plant where a new gravity gold circuit has recently been installed. | |
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