Diversified West Australian Explorer, Artemis Resources (ASX: ARV), has provided an update and results from its recently completed Reverse Circulation (RC) drilling campaign at its Carlow Castle gold-copper-cobalt project in the Pilbara region of WA.
HIGHLIGHTS:
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Depth extensions to the Carlow Castle gold-copper-cobalt mineralisation in the West Pilbara include:
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43m @ 1.1 g/t Au, 1.13% Cu, 0.12% Co from 86m, ARC 221 including 5m @ 4.17 g/t Au, 2.63% Cu, 0.51% Co from 90m;
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3m @ 4.0 g/t Au, 0.36% Cu, 0.19% Co from 201m, ARC216;
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4m @ 2.21 g/t Au, 0.98% Cu, 0.06% Co from 163m, ARC217;
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7m @ 2.89 g/t Au, 0.34% Cu, 0.04% Co from 142m, ARC219;
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3m @ 4.31 g/t Au, 0.47% Cu, 0.21% Co from 188m, ARC219.
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Carlow Castle western extension drilling of sub-audio magnetic (SAM) targets 1-4 intersected mineralisation at SAM target 4:
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2m @ 1.75 g/t Au, 0.3% Cu, 0.08% Co from 15m, ARC208.
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DHEM successfully acquired mineralisation signature for Carlow Castle.
Next steps
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Planning and permitting underway for follow-up RC/diamond drilling to further extend the ~1.2km-long Carlow Castle resource at depth and down dip to the South and East.
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~3,000m aircore drilling to commence over Carlow Castle near resource areas, including SAM targets 5-21 as soon as heritage survey is completed.
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~3,000m aircore drilling campaign to test shallow gold anomalies at the new Carlow West area to commence soon following heritage survey.
Artemis Resources Executive Director, Alastair Clayton, commented: “The first drill programme at the Carlow Castle resource area under Project One Million has yielded excellent results.
“As planned, these results increase the mineralised envelope at depth and down dip. This data will be added to a resource update planned for later in the year, following the next phase of RC and diamond drilling.
“Outside of the Carlow Castle resource area, scout drilling of SAM targets 1- 4 delivered some success at Target 4. We will soon start drilling over a range of near resource areas to the SE of Carlow Castle and commence the systematic evaluation of SAM targets 5-21 over a 5km strike length.
“In the coming weeks we will initiate exploration of the highly prospective Carlow West area using low-cost aircore drilling.”
