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Artemis Resources exceptional drill results reveal value of Carlow Castle

Published: 10:56 29 Aug 2018 AEST

Map showing location of Carlow project
Additional assay results remain pending

Artemis Resources Ltd (ASX:ARV) has intersected 132 metres at 4.89 g/t gold, 0.25% cobalt and 1.11% copper from 98 metres at its Carlow Castle Project in the West Pilbara.

A number of broad, high-grade gold cobalt copper assays have been received from recent reverse circulation (RC) drilling at the project with further assays pending.

The project hosts three deposits, Carlow Castle South, Quod Est and Carlow Castle South East, which are 35 kilometres from the company’s 100% owned Radio Hill processing facility.

READ: Artemis Resources to install and commission new circuits at Radio Hill plant

Artemis’ CEO Wayne Bramwell said: “Carlow Castle is new and becoming a significant discovery in the West Pilbara.

“The gold, cobalt and copper tenor defined by Artemis to date is exceptionally high and the system is open at depth and along strike.

Three targets within one larger system

“Our current drilling footprint only covers an area 500 metres wide by 1.2 kilometres long and the three known targets are rapidly morphing into a much larger system than initially predicted.

“Artemis is excited as to the potential local and regional scale of this system.

“More assays are pending, with Artemis remaining focused upon delivering a resource update for Carlow Castle in the next quarter.”

Drilling intersected mineralisation in a north-south orientation from Quod Est to Carlow Castle South over 500 metres in length.

The drilling program aims to infill and extend the 1.2 kilometre east-west strike to test if Quod Est, Carlow Castle South and Carlow Castle South East join into one larger resource.

Latest assays show high grade nature of mineralisation

Best RC drill intersections include:

• 132 metres at 4.89 g/t gold, 0.25% cobalt and 1.11% copper from 98 metres including 16 metres at 18.78 g/t gold, 0.82% cobalt and 2.37% and 5 metres at 29.74 g/t gold, 1.12% cobalt and 3.42% copper;
• 53 metres at 7.6 g/t gold, 0.33% cobalt and 1.57% copper from 151 metres;
• 33 metres at 17.29 g/t gold, 0.37% cobalt and 2.22% copper from 151 metres including 4 metres at 102 g/t gold, 1.22% cobalt and 9.99% copper;
• 15 metres at 3.2 g/t gold, 0.42% cobalt and 0.8% copper from 148 metres including 5 metres at 7.47 g/t gold, 1.04% cobalt, 1.24% copper;
• 3 metres at 31.5 g/t gold, 1.45% cobalt and 3.57% copper from 130 metres; and
• 3 metres at 5.8 g/t gold, 0.13% cobalt and 0.59% copper from 173 metres.

Future drilling post a resource update will test further strike extensions.

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