Artemis Resources deep drilling assays from Carlow Castle build resource potential

Artemis Resources Ltd (ASX:ARV) continues to intersect shallow and deeper high-grade gold, cobalt and copper assays at its Carlow Castle Project in Western Australia.

Latest assays highlight the project’s depth potential of the mineralised shear zone system with 25 metres at 3.38 g/t gold, 0.24% cobalt, 0.77% copper from 228 metres depth.

This drilling program at Carlow Castle focussed on an initial 1.2×4 kilometre mineralised trend identified by pre-drilling exploration.

Mineralisation has been intersected over 500 metres in a north-south orientation from Quod Est to Carlow Castle South, with the main strike of mineralisation at Carlow Castle being east-west.

The objective of this drilling was to infill and extend the 1.2 kilometre east-west strike and seek to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource.

This east-west trend remains open along strike and results reported here confirm the depth potential in the eastern end of the system.

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Artemis’ CEO Wayne Bramwell said: “The latest results continue to support our view that there are multiple mineralising events and deeper extensions existing within the larger Carlow Castle system.

“Artemis is on track for a resource update in Q4 and post this, additional extensional and in-fill drilling is planned to define the broader scale and the internal controlling structures of this emerging gold-cobalt-copper deposit.”

READ: Artemis Resources drills another high-grade cobalt gold zone at Carlow Castle

Best high-grade intervals across Carlow Castle South East include:

• 25 metres at 3.38 g/t gold, 0.24% cobalt, 0.77% copper from 228 metres including 5 metres at 9.62 g/t gold, 0.65% cobalt, 0.79% copper;
• 43 metres at 0.99 g/t gold, 0.16% cobalt and 1.05% copper from 66 metres;
• 34 metres at 1.27 g/t gold, 0.06% cobalt, 1.34% copper from 47 metres
• 9 metres at 3.45 g/t gold, 0.21% cobalt and 0.83% copper from 50 metres;
• 24 metres at 0.77 g/t gold, 0.05% cobalt and 1.80% copper from 4 metres; and
• 14 metres at 3.21 g/t gold, 0.07% cobalt and 1.55% copper from 25 metres.

Additional assays pending

Additional assays are pending for Carlow Castle to close out this round of drilling and will be released as they become available.

Diamond drilling comprises approximately 6.5% of total drilling to date at Carlow Castle and this will be increased to assist with future structural and geotechnical studies.

Future drilling, post a resource update, will target testing further strike extensions and seek to infill some sections to define the major controlling structures.”

Story by ProactiveInvestors