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Artemis Resources recommences drilling at Carlow Castle, resource update pending

Previously completed drilling is being used to update the JORC resource, due early 2019.

Map showing project portfolio in Pilbara region
Notably, Carlow Castle is nearby to the company's Radio Hill processing facility

Artemis Resources Ltd (ASX:ARV) has recommenced aircore drilling at its 100% owned Carlow Castle Gold-Copper-Cobalt Project in the West Pilbara region of Western Australia.

Drilling aims to define strike extensions to the east and west of the existing drilling.

Results from this program will be combined with other exploration data to design a resource development drill program scheduled for the March quarter 2019.

A JORC resource update is underway using the near-24,000 metres of previous drill data and is expected in early 2019.

READ: Artemis Resources secures $5.4 million, commences airborne survey

Artemis’ CEO Wayne Bramwell said: “This drill program is testing strike extensions to the east and west of the existing 1.2 kilometres of strike drilled at Carlow Castle to date and provides Artemis with a running start into 2019.

“The next stage of resource development post the release of the resource update will include a targeted RC and diamond program to provide additional samples for geotechnical, structural and metallurgical test work.”

READ: Artemis Resources first pass met work supports low cost processing

Artemis continues to build a resource base at Carlow Castle, which it hopes to turn into a mining operation with the ore being processed through the nearby 100% owned Radio Hill processing plant. 

Last month Artemis received initial results from its metallurgical program underway at the Carlow Castle.

Positively, the first pass metallurgical program indicated that Carlow Castle is amenable to low cost gravity gold recovery and base metal flotation processes.

Quick facts: Artemis Resources Ltd

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ASX:ARV
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Full interview: Artemis Resources increases gold resource by 60% at Carlow...

Artemis Resources Limited (ASX:ARV) executive director Edward Mead updates Proactive on an upgraded mineral resource estimate (MRE) at the company’s 100%-owned Carlow Castle Project in WA with grade and tonnage boosted. The gold resource alone increased by 60% with copper up 25% and cobalt by...

on 20/11/19

2 min read