Artemis Resources Limited (ASX:ARV, AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF) has announced the first results of regional target generation across its ~220sqkm, 100%-owned Greater Carlow tenement package in WA’s Pilbara region.
Two high-priority, untested gold and copper targets called Marillion and Europa have been identified by the company’s exploration team and are being evaluated for drill testing in early 2023.
Over the past 18 months, Artemis has focused on resource and near-resource activities at the gold-copper-cobalt Greater Carlow project and, as such, there has been limited systematic exploration of the company’s extensive tenement package.
Following last month’s announcement of a new high-grade Inferred Mineral Resource of 704,000 ounces of gold equivalent at 2.5 g/t Au eq, identification of potential new targets to test on Artemis’ 100% owned regional tenement packages is now underway. A follow-up exploration program for the Chapman Cu-Ni-Au prospect is also being considered by the exploration team.
The 2023 work plan for Greater Carlow will comprise two parts: regional growth and resource growth, which are spelt out in more detail in this announcement.
“Over the last 12 to 18 months our focus has been the delivery of a new, high-grade resource at Greater Carlow and as such the regional potential across our ~220sqkm has remained largely tapped,” executive director Alastair Clayton said.
“Marillion and Europa are the highest priority greenfield targets developed thus far. A combination of new and existing databases were used to generate these targets and both targets have never been drilled.
“We believe success on either of these targets could have the potential to substantially increase the overall size of resources available to the Greater Carlow project.”
