Artemis Resources (ASX: ARV) has confirmed that its Carlow Castle project area in the West Pilbara, Western Australia, has the potential to host at a number of copper-nickel and associated gold resources.
This follows a field visit by the company’s technical team to the underexplored area.
It now plans to re-evaluate geophysical information from the area to look for possible repeats to the Carlow Castle South, Chapman and Thorp prospects with the objective of designing a reverse circulation drilling program.
Artemis is also engaged in discussions with several potential partners who are looking to invest in the West Pilbara project area, to assist it explore this large and prospective area.
Progress has also been made towards negotiating a Native Title Agreement with the Ngarluma Aboriginal Corporation.
Recent talks have defined the needs of both parties and ways in which exploration of Artemis’ West Pilbara project area may progress without negatively impacting the land of the Ngarluma people.
Carlow Castle Project is a priority target, and is considered to have potential to increase the size of the delineated resource through drilling designed to test the continuity and extent of mineralisation at depth. Potential resource expansion along strike also needs further drill evaluation.
It forms a small part of Artemis’ tenement portfolio in the West Pilbara region, which consists of 41 tenements covering about 700 square kilometres.
The Carlow Castle South contains a central high grade core of gold-copper-cobalt mineralisation that occurs within a broader low grade mineralised halo.
Artemis plans to carry out drilling to determine the depth of the Main Lode resource which currently stands at 91,000 tonnes at 10 grams per tonne gold and 1.4% copper.
Chapman is located 1 kilometres southeast of the Carlow Castle copper-gold workings and coincides with historic copper-gold workings hosted in gabbro of the Andover Intrusive Complex.
Surveys have identified two shallow, discrete bedrock conductors at depths of 40 metres and 60 metres respectively.
Historic rockchip sampling of mullock dumps, with visible copper mineralisation, are assisting Artemis in evaluating the nickel and gold potential of the workings. Results from samples taken at the Chapman prospect indicate a strong copper-gold-silver-nickel-cobalt association.
Thorp is located 2 kilometres southeast of the Carlow Castle copper-gold workings and like the Chapman Prospect coincides with historic copper-gold workings hosted in gabbro of the Andover Intrusive Complex.
FLTEM survey has identified two bedrock conductors; the first at a depth of 100m from surface and dipping 600 north-northwest and the second at a depth of 40m from surface with a dip of 400 to the north.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.