Artemis Resources Ltd’s (ASX:ARV) drilling has intersected mineralisation from Quod Est to Carlow Castle South (over a distance of 500 metres) at its Carlow Castle Project in the Pilbara, Western Australia.
READ: Artemis Resources drills some of Australia's highest grade cobalt
Best diamond drill intersections include:
• 22 metres at 6.10 g/t gold, 0.55% cobalt and 2.35% copper from 133 metres;
• 31 metres at 1.65 g/t gold, 0.11% cobalt and 0.47% copper from 37 metres; and
• 4.5 metres at 2.34 g/t gold, 0.23% cobalt and 0.33% copper from 45 metres.
Carlow Castle is about 35 kilometres by gazetted roads from Artemis’ 100% owned Radio Hill processing plant.
Artemis chief executive officer Wayne Bramwell said: “Shallow drilling by Artemis continues to define impressive widths and grades of gold, copper and cobalt at Carlow Castle.
“Though not fully defined yet, Carlow Castle looks to be a part of a larger mineralised system that is open at depth and along strike.
“Drilling along strike and at depth could quickly add resource tonnage here.”
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The main strike of mineralisation at Carlow Castle South is east-west (with current defined strike distance of this east-west trend about 1.2 kilometres).
Artemis is currently infill drilling the 1.2 kilometres east-west strike and seeks to join Quod Est, Carlow Castle South and Carlow Castle South East into one large resource – then drilling will step out to test further strike extensions.
READ: Artemis Resources’ drilling continues to target potential gold-rich conglomerates in west Pilbara
In early 2018, Artemis revealed an indicated and inferred JORC resource for Carlow Castle of 2.3 million tonnes at 1.3 g/t gold, 0.11% cobalt, 0.5% copper and 1.6 g/t gold.
The current reverse circulation and diamond drill program is aimed at increasing the resource.