Artemis Resources Limited (“Artemis” or “the Company”) (ASX:ARV AIM:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update on activities at the Crosscut Zone at its 100%-owned Greater Carlow Project, located in the Pilbara Region of Western Australia.
HIGHLIGHTS
- Major Copper-Gold Zone emerging at the Greater Carlow Project with excellent first results from Crosscut Zone drilling campaign comprising 28 Reverse Circulation (“RC”) drill holes for 5,494m and one diamond drill tail for 135m.
- Diamond drill hole 22CCRD008 intersected massive sulphides, Figure 1, returned:
- 16.6m @ 2.73% Cu, 1.19g/t Au, 0.049% Co from 255.8m.
- Including 1.18m @ 15.65% Cu, 5.40g/t Au, 0.090% Co (and 42.09g/t Ag) from 256.8m.
- Including 3.57m @ 5.90% Cu, 3.30g/t Au, 0.050% Co, (and 16.07g/t Ag) from 265.49m.
- 16.6m @ 2.73% Cu, 1.19g/t Au, 0.049% Co from 255.8m.
- Standout high-grade intersections in the RC holes include:
- 15m @ 2.02% Cu, 0.63g/t Au, 0.171% Co, from 299m; Hole ARC389.
- Including 1.0m @ 6.29% Cu, 1.9g/t Au, 0.200% Co from 300m.
- Including 1.0m @ 6.32% Cu, 0.33g/t Au, 0.044% Co from 307m.
- Including 1.0m @ 3.40% Cu, 2.08g/t Au, 0.687% Co from 309m.
- 13m @ 2.58% Cu, 0.62g/t Au, 0.057% Co, from 130m; Hole ARC387.
- Including 4.0m @ 7.59% Cu, 1.81g/t Au, 0.148% Co from 131m.
- 8m @ 2.35% Cu, 5.01g/t Au, 0.400% Co from 83m; Hole ARC366.
- Including 1.0m @ 4.03% Cu, 9.04g/t Au, 0.377% Co from 83m.
- Including 1.0m @ 9.02% Cu, 11.25g/t Au, 1.265% Co from 85m.
- 11m @ 1.0% Cu, 0.75g/t Au, 0.037% Co, from 130m; Hole ARC392.
- Including 1.0m @ 2.70% Cu, 0.92g/t Au, 0.04% Co from 136m.
- 15m @ 2.02% Cu, 0.63g/t Au, 0.171% Co, from 299m; Hole ARC389.
- Drilling at Crosscut has now defined a significant, near-surface mineralised system that Company geologists believe have the potential to extend further to the north and south, significantly increasing the footprint of the Carlow Area.
- Results for 7 drill holes at Crosscut and 5 at Carlow West are pending. These additional holes will be released when assays are received.
The Crosscut Zone has been interpreted to be a series of north-south striking, high-grade repeating en echelon structures constrained by northwest striking bounding structures. These northwest structures appear to be later in the mineralising history of Carlow and may continue north and south, not necessarily terminating against the Eastern Zone of the Carlow Main Lode.
Alastair Clayton, Executive Director commented: “The aim of this program was to continue to test and follow trends of mineralisation and test the structural model at Crosscut. The assays that have returned to date support our geological observations, and we believe that the exploration team has delivered what could be a game changing result for the future of the Greater Carlow Project. We very much look forward to reporting the 12 holes still pending and more importantly adding our 2022 drill results to the upcoming Greater Carlow New Resource Model”.
