Artemis Resources Limited (ASX:ARV, Frankfurt: ATY, US OTCQB: ARTTF) is pleased to provide an update on drill programmes at its 100%-owned Carlow Castle Gold and Copper Project in the west Pilbara region of Western Australia.
HIGHLIGHTS
- The Company is pleased to announce the commencement of a major exploration drilling campaign at Carlow Castle that has the potential to substantially enhance the project.
- A circa 11,000m RC drilling exploration programme has now commenced with a primary focus on further expanding several Western high-grade shoots, growing the Crosscut deposit and testing the Good Luck and Little Fortune mineralised systems several kilometres to the south of the main Carlow Project Area.
- Meanwhile the first 6 holes of the 9-hole RC exploration drilling completed in May 2021 focusing on the Western End of the Carlow Project Area returned excellent gold and copper mineralisation. Importantly all RC results presented occur external to the preliminary 2021 resource update shells.
- New Western high-grade upper shoot discovered;
- 6m @ 14.97g/t Au, 7.09% Cu, 0.06% Co from 53m (ARC310)
- This new Western upper shoot sits structurally above the previously announced lower shoot that hit;
- 5m @ 24.32g/t Au, 3.39% Cu, 0.24% Co from 166m (ARC282)
- Other important drilling results were also returned from this exploration of the Western end of the Carlow Castle Project Area.
- 6m @ 1.35g/t Au, 0.34% Cu, 0.07% Co from 136m (ARC311)
- 6m @ 2.61g/t Au, 0.54% Cu, 0.14% Co from 186m (ARC311)
- 6m @ 2.68g/t Au, 1.1% Cu, 0.02% Co from 28m (ARC312)
- 5m @ 1.66g/t Au, 0.26% Cu, 0.04% Co from 56m (ARC312)
- 2m @ 1.15g/t Au, 0.19% Cu, 0.03% Co from 83m (ARC312)
- 1m @ 9.29g/t Au, 0.67% Cu, 0.17% Co from 114m (ARC312)
- 2m @ 2.07g/t Au, 0.44% Cu, 0.31% Co from 110m (ARC313)
- 4m @ 2.09g/t Au, 0.5% Cu, 0.06% Co from 121m (ARC313)
- Assays for a further three RC exploration drill holes and 6 diamond drill infill holes from the May 2021 programme expected soon.
Alastair Clayton, Executive Director commented;
“Exploration drilling at the Carlow Project has once again returned some fantastic results and highlights the remarkable overall prospectivity of this large mineralised system to host substantial shoots of very high-grade gold and copper.
“Resource work has highlighted the need to better understand the nature and controls on the mineralisation in order to target drilling, such that it grows the project not only in terms of tonnes but in doing so maintains or increases the grade of the Au-Cu resource.
“The exploration results from the May programme and the new RC drill exploration campaign now underway are aiming to achieve just that and with multiple areas yet to be drill tested, I am confident substantially more high-grade zones will be identified.
With our Paterson Central access and heritage plans rapidly advancing and Carlow back on track, our shareholders should expect very substantial progress for the remainder of 2021.”
