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Artemis Resources identifies multiple new high-priority cobalt targets

Geochemistry and mapping has been used to identify 10 priority cobalt targets.

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The targets are now being ranked and prioritised for follow-up assessment.

Artemis Resources Ltd (ASX:ARV) has completed the first systematic consolidation of regional scale geochemical data to identify new cobalt targets in the West Pilbara region.

The Fenceline target, for example, is a strong 2,000-metre cobalt signature and these targets are now being ranked and prioritised for follow-up assessment.

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Artemis’ director Ed Mead said: “Cobalt has been known about in this region since the early 1920s but no province wide assessment has been undertaken until now.

“This first regional compilation of historic and newly acquired geochemical data gives usthe first view into cobalt prospectivity and has identified multiple new cobalt targets across the broader Artemis tenure.

“Drilling by Artemis at the Carlow Castle Cobalt-Gold-Copper Project is informing our regional view of the cobalt opportunity and this work shows there is much more to be discovered in the West Pilbara, with modern techniques.

“Ranking and prioritisation of these targets is now underway.”

Details on the targets is as follows:

• Carlow North: Strong cobalt signature (over 600 metres) north of Carlow Castle, interpreted to relate to an ultramafic sequence;
• Zac: Strong cobalt signature (over 900 metres) along faulted contact of ultramafic and banded iron formation;
• Fenceline: Strong cobalt signature (over 2,000 metres) south of Ruth Well on contact of ultramafics with the Sholl Shear Zone;
• Bel’s PGE: An area of complex cobalt and PGE responses associated with an interpreted fault disrupted mafic/ultramafic intrusive;
• Purdy’s Reward Road: Zone of strong cobalt associated with sheared basalts along the southern margin of the Yannery Granite; and
• Dingo and The Gap Prospects: Multi-metal signatures analogous to the Carlow Castle Co-Au-Cu Deposit geochemistry.

Quick facts: Artemis Resources Ltd

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ASX:ARV
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