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Artemis Resources announces the its latest results

Mining News - Published on Fri, 14 Sep 2018

Image Source: Strategic Research Institute, SteelGuru
Artemis Resources Limited announced the latest results from its reverse circulation (RC) drilling at the company's Carlow Castle Project in the West Pilbara. High grade gold, cobalt and copper assays continue to be delivered from the Company's Carlow Castle Project with a new high-grade cobalt zone being identified within the Quod Est Area. Mr Wayne Bramwell CEO of Artemis' said that "The latest drilling to the east of Quod Est has identified another high value zone of gold and cobalt mineralisation at Carlow Castle. The ARC 168 results and the strong hits across the eastern end of Carlow continues to support our view that a much larger system exists. This programme has set Artemis up well for a resource update in quarter 4 and post this release, additional drilling will be planned to define the controlling structures and the full scale of this exciting Au-Co-Cu deposit."

The Carlow Castle Au-Co-Cu Project currently covers three deposits (Carlow Castle South, Quod Est and Carlow Castle South East) and is approximately 35km from Artemis' 100% owned Radio Hill processing plant.

The mineralisation at Carlow Castle is hosted in chloritic shear zones, within the predominantly Archean mafic sequence. The ore zones appear partially oxidised above 20m, with sulphides extending to depth. The primary sulphides are chalcopyrite, cobaltite and pyrite with the presence of chalcocite and native copper in some samples indicating supergene enrichment in the upper portions of the sulphide zone.

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Posted By : Rabi Wangkhem on Fri, 14 Sep 2018
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