Artemis Resources Ltd (ASX:ARV) has received additional results from reverse circulation (RC) drilling at its Carlow Castle Project in the west Pilbara region of Western Australia.
High-grade gold, cobalt and copper assays continue to be delivered from the project with a new high-grade cobalt zone being identified within the Quod Est Area.
Highlights from Quod Est include 17 metres at 1.86 g/t gold, 0.61% cobalt and 0.05% copper from 88 metres.
READ: Artemis Resources exceptional drill results reveal value of Carlow Castle
Artemis’ CEO Wayne Bramwell said: “The latest drilling to the east of Quod Est has identified another high value zone of gold and cobalt mineralisation at Carlow Castle.
“The ARC 168 results and the strong hits across the eastern end of Carlow continues to support our view that a much larger system exists.
“This program has set Artemis up well for a resource update in quarter four and post this release, additional drilling will be planned to define the controlling structures and the full scale of this exciting gold-cobalt-copper deposit.”
Drilling focused on two areas
The latest drilling at Carlow Castle has been focussed on an initial 1.2 kilometres of a 4 kilometre mineralised trend.
Highlights from Quod Est included:
• 17 metres at 1.86 g/t gold, 0.61% cobalt and 0.05% copper from 88 metres including 2 metres at 9.02 g/t gold, 2.42% cobalt and 0.03% copper.
Highlights from Carlow Castle South East included:
• 33 metres at 2.68 g/t gold, 0.28% cobalt, 2.11% copper from 117 metres including 3 metres at 14.83 g/t gold, 1.04% cobalt and 5.95% copper;
• 37 metres at 1.53 g/t gold, 0.23% cobalt and 1.7% copper from 34 metres including 3 metres at 8.21 g/t gold, 0.57% cobalt and 5.78% copper;
• 15 metres at 4.13 g/t gold, 0.09% cobalt and 1.37% copper from 121 metres including 5 metres at 8.91 g/t gold, 0.13% cobalt and 2.66% copper;
• 7 metres at 10.65 g/t gold, 0.15% cobalt and 0.72% copper from 101 metres; and
• 11 metres at 5.12 g/t gold, 0.43% cobalt and 2.07% copper from 109 metres.
Drilling complete but more assays to come
Additional assays are pending for Carlow Castle and will be released as they become available.
This phase of drilling is now complete at Carlow Castle and a resource update can commence once all data has been received.