West Australian gold explorer Artemis Resources (ASX: ARV) has commenced diamond drilling at its Carlow Castle gold project in the Pilbara region of WA.
HIGHLIGHTS:
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~2,500m Carlow Castle Diamond Drilling has commenced as part of Project One Million and aims to:
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Expand the mineralised envelope which remains open in multiple directions.
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Lift the central portion of the current resource area to the indicated category.
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Provide data for an updated resource estimate expected in Q4.
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Geophysics program to start at Carlow Castle in mid-October, which will include dipole-dipole IP, Gradient array IP and high-resolution magnetics and radiometrics.
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Reverse Circulation drilling to start mid-October at Carlow Castle and aims to:
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Complete further extensional drilling.
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Test any potential anomalies identified by the concurrent IP survey.
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Very shallow pattern drilling at Carlow West reveals > 1km long gold anomalism (multiple >0.4gpt Au intercepts) in the central traverse zone, with better results including:
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CWRC006 – 2m @ 1.62gpt Au from 34m;
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CWRC011 – 1m @ 4.89gpt Au, 13.7gpt Ag from 24m;
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CWRC011 – 1m @ 1.4gpt Au from 2m; and
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CWRC017 – 1m @ 1.15gpt Au from 9m.
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Alastair Clayton, Executive Director commented; “With significant financial resources now in place we can attack Carlow Castle, Project One Million in earnest. Kicking off today we will in all likelihood be drilling and testing at Carlow Castle and surrounding targets for the remainder of the year thus allowing for a new and upgraded mineral resource estimate in late Q4.
This will generate a huge amount of data and news-flow throughout that period and we believe it will demonstrate that the Greater Carlow Project is very much underestimated in many people’s minds as to its potential to be a regionally significant gold deposit.
At Carlow West we typically only drilled to ~20m vertical depth to cost-effectively cover as much of the 3km-long surface gold trend as possible. Results have delineated a large (>1km) central gold anomaly within a very complex, sheared geological setting.
Before we head out to drill test below the top few 10’s of meters depth we will shoot some more geophysics and undertake structural interpretation work to maximise our chances of honing-in on any primary mineralised structures.
In the Paterson we are delighted to see the granting of a Mining Licence covering Havieron. This certainly changes the dynamics of the region and underpins a mine development we surround on three sides and adjacent to most of our primary targets. The Company intends to report back as and when material data are at hand from our own work. It is without doubt a busy time for the Company all across the Pilbara and we wish our crews safe and successful programmes”
