Artemis Resources (ASX: ARV) hopes it has found a structural repeat of the Carlow host-sequence after positive assay results at its 100 per cent owned Carlow Gold and Copper Project in the West Pilbara region of Western Australia.
Drilling at the Chapman Prospect, approximately 250 metres from the historic Good Luck workings, was completed as part of a circa 14,000 metre RC program, which wound up in September 2021.
Two wide-spaced RC holes, GLC007 and GLC008 targeting VTEM anomalies were drilled at the Chapman Prospect. Hole GLC007 was successful and intersected;
- 10m @ 3.40% Cu, 1.75g/t Au and 24.65g/t Ag from 116m, including;
- 5m @ 6.23% Cu, 3.01g/t Au, 45.32g/t Ag from 117.00m
- 3m @ 1.73% Cu, 1.04g/t Au, 12.67g/t Ag from 138m
Artemis executive director Alastair Clayton said: “To hit thick, shallow, high-grade Copper-Gold-Silver mineralisation in one of two ‘wildcat’ holes at Chapman, to the Southeast of old workings at Good Luck, is highly encouraging. We have long suspected that structural repeats of the Carlow host sequence were possible and even likely. Whilst still early days, these drill results combined with ultra-fine geochemistry and geophysics add significant weight to our team’s belief in just that.”