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Artemis Resources drilling confirms depth extension of gold-copper-cobalt at Carlow Castle Project

A combination of aircore, reverse circulation and diamond drilling campaigns will kick off in the coming weeks to mark an extensive rolling phase of resource and greenfield exploration across the virtually untested greater Carlow Castle project area.

Artemis Resources Ltd - Artemis Resources drilling confirms depth extension of gold-copper-cobalt at Carlow Castle Project
Concurrently, Artemis is finalising exploration plans at the Paterson Central Gold-Copper Project

Artemis Resources Ltd’s (ASX:ARV) drilling has confirmed the extension of gold-copper-cobalt mineralisation at depth and down-dip at the Carlow Castle Project in Western Australia’s Pilbara region.

Highlight intersections include:

  • 43 metres at 1.1 g/t gold, 1.13% copper, 0.12% cobalt from 86 metres including 5 metres at 4.17 g/t gold, 2.63% copper, 0.51% cobalt from 90 metres;
  • 3 metres at 4.0 g/t gold, 0.36% copper, 0.19% cobalt from 201 metres;
  • 4 metres at 2.21 g/t gold, 0.98% copper, 0.06% cobalt from 163 metres; and
  • 7 metres at 2.89 g/t gold, 0.34% copper, 0.04% cobalt from 142 metres.

Artemis executive director Alastair Clayton said: “The first drill programme at the Carlow Castle resource area under Project One Million has yielded excellent results.

“As planned, these results increase the mineralised envelope at depth and down dip.

“This data will be added to a resource update planned for later in the year, following the next phase of RC and diamond drilling.”

Next phase of resource area growth

The first-ever downhole electromagnetic (DHEM) program at Carlow Castle was successful and revealed an identifiable signature of the higher-grade sulphide mineralisation.

This will be used to efficiently target future drilling to increase the resource area.

The next phase of the Carlow Castle resource area growth drilling will commence as soon as these new drilling results and DHEM have been modelled and the necessary approvals are received.

This will likely involve a combination of reverse circulation and diamond drilling and follow-up DHEM loops.

Drilling outside resource area

Artemis has also completed the first phase of systematic drilling of SAM targets, starting with 1-4.

This was designed to explore completely untested and open-strike geological extensions to the west of and adjacent to the current resource area.

Several fence lines of shallow holes were completed over a strike of about 1 kilometre.

Carlow Castle geology, SAM survey results with 21 anomalies and drilling and resource area to date, which indicates mineralisation is open to the west and east

Clayton said: “Outside of the Carlow Castle resource area, scout drilling of SAM targets 1- 4 delivered some success at Target 4.

“We will soon start drilling over a range of near resource areas to the SE of Carlow Castle and commence the systematic evaluation of SAM targets 5-21 over a 5km strike length.

“In the coming weeks we will initiate exploration of the highly prospective Carlow West area using low-cost aircore drilling.”

Next steps

  • Planning and permitting underway for follow-up reverse circulation/diamond drilling to further extend the ~1.2 kilometre-long Carlow Castle resource at depth and down dip to the South and East.
  • ~3,000 metres aircore drilling to commence over Carlow Castle near resource areas, including SAM targets 5-21 as soon as heritage survey is completed.
  • ~3,000 metres aircore drilling campaign to test shallow gold anomalies at the new Carlow West area to commence soon following heritage survey

“Incredibly busy schedule of activity”

Clayton added: “The combination of aircore, RC and diamond drilling campaigns to kick off in the coming weeks will mark an extensive rolling phase of resource and greenfield exploration across the virtually untested greater Carlow Castle project area.

“Concurrently, Artemis is also finalising exploration plans for our 100%-owned Paterson Central Gold-Copper Project adjacent to and surrounding the exciting Havieron discovery.

“All of this will deliver us an incredibly busy schedule of activity and newsflow over the next few months.”

Quick facts: Artemis Resources Ltd

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