Artemis reports more high-grade gold-copper-cobalt results from Carlow Castle project, WA

Artemis Resources (ASX: ARV) today provided an update on drill programs currently underway at its 100%-owned Carlow Castle gold and copper project in the west Pilbara region of Western Australia.

HIGHLIGHTS:

• Final assays received from the Q4 2020 43-hole RC campaign and first batch of results from the Q1 2021 55-hole RC campaign have been received for the Carlow Castle Gold-Copper-Cobalt Project, with numerous significant intercepts. Some interesting holes showing variability of gold and copper mineralisation include:

  • RC hole ARC247 on East end of Main Zone, outstanding copper and gold widths:

    • 27m @ 0.71g/t Au, 1.51% Cu, 0.1% Co from 42m

• RC hole ARC255 on newly discovered CrossCut 1, north of the Main Zone, gold and copper rich zones:

  • 1m @ 6.11g/t Au, 4.24% Cu, 0.47% Co from 86m;

  • 7m @ 2.57g/t Au, 2.07% Cu, 0.24% Co from 109m, including 3m @ 4.23g/t Au, 2.56% Cu, 0.43% Co from 112m; and

  • 11m @ 0.75g/t Au, 1.33% Cu, 0.12% Co from 132m.

• Other important drilling results were also returned, mostly from step-out and in-fill holes on the main 1.2km long mineralized zone:

  • ARC256: 5m @ 2.42g/t Au, 1.37% Cu, 0.20% Co from 125m;

  • ARC257: 6m @ 0.49g/t Au, 1.56% Cu, 0.12% Co from 41m;

  • ARC263: 4m @ 1.49g/t Au, 0.66% Cu, 0.07% Co from 248m;

  • ARC265: 3m @ 6.83g/t Au, 0.81% Cu, 0.20% Co from 144m;

  • ARC265: 3m @ 4.18g/t Au, 1.15% Cu, 0.25% Co from 205m;

  • ARC265: 4m @ 2.05g/t Au, 0.42% Cu, 0.03% Co from 244m;

  • ARC266: 4m @ 1.48g/t Au, 0.34% Cu, 0.05% Co from 166m; and

  • ARC267: 2m @ 3.06g/t Au, 2.48% Cu, 0.10% Co from 180m.

• The Carlow Castle ~10,500m Q1 2021 RC drill campaign was expanded to 55 holes and is now complete. The campaign has targeted step-out and resource extensions as well as new discovery zones and IP targets. Further assay results from this programme are expected in the coming weeks.

• The Company has scheduled the next ~10,000m RC drill programme to commence in early April, which will include drill testing several compelling new exploration targets near Carlow Castle that have been identified by the ongoing IP survey. Further details of these new exploration targets will be released to shareholders in the coming weeks.

Alastair Clayton, Executive Director commented: 

“The Carlow Castle gold-copperCobalt project continues to return excellent drilling results as we gain understanding of this deposit type. Drilling the Main Zone is in-filling data gaps and extending the orebody down dip on what are becoming defined ore shoots. The Main Eastern zone is still only drilled to the 250m depth for the most part and remains open in multiple directions.

“With the 73 RC and DDH drill holes from the 2021 Q4 programme and now the 55 RC holes from the 2021 Q1 programme, our knowledge and understanding of the Carlow Castle mineral deposit has grown immensely as we keep expanding its +1.2km known strike and open down dip potential.”