Artemis Resources Limited (ASX:ARV) has discovered an exciting new zone of mineralisation in its drill programmes currently underway at its 100%-owned Carlow Castle Gold Copper Cobalt Project in the west Pilbara region of Western Australia.
Executive Director, Alastair Clayton, said the results continue to paint a promising picture at Carlow Castle.
As evidenced by yet more outstanding drill results, the Carlow Castle Gold Copper Cobalt Project is on its way to delivering our stated aims under Project One Million,” Mr Clayton said.
“Drilling for resource step-outs, the Northern Discovery Zone and resource infill programmes are all delivering strong gold, copper and cobalt assay results. Particularly noteworthy is the new Northern Discovery Zone located 250m to the north of the main resource zone, which appears to be coalescing into a significant source of new, high-grade and shallow mineralisation.
“It is worth noting the exceptionally high-grade copper content in many of these shallow Northern Discovery Zone holes. The copper and cobalt content of mineralisation at Carlow Castle should not be overlooked and copper may be particularly important to the company when intercepts with grades of between 1% to 4% Cu that are coincident with high-grade gold are being routinely uncovered.
“The current 10,000m RC drilling programme is working to extend the Northern Discovery Zone to the NW and SW, with a number of holes already completed and samples received at the assay lab.
“In addition, further assays from the three hole, Carlow Deeps ‘Feeder Zone’ drilling programme are expected shortly, as well as more diamond infill and extension holes, all of which were completed in Q4 2020.
“We are working towards a significant resource upgrade later in the first half of 2021, with a further resource upgrade likely before the end of 2021.
Drilling at Carlow Castle remains ongoing, with results from the 2020 RC and diamond drilling continuing to come in.
Highlights from the New Northern Discovery Zone include:
- 5m @ 4.36g/t Au, 2.67% Cu, 0.49% Co from 32m, including 2m @ 9.26g/t Au, 4.94% Cu, 0.98% Co from 33m.
- 1m @3.03g/t Au, 3.30% Cu, 0.30% Co from 52m; and
- 2m @ 2.28g/t Au, 0.57% Cu, 0.51% Co from 86m
“Assay results continue to impress the company’s technical team and we look forward to more results from the Q4 2020 drill programme and in particular the majority of the core from the 3 deep diamond holes targeting the ‘Feeder Zone’ which are due soon,” Mr Clayton said.
“The 10,000m RC drilling programme is well underway and is targeting both new discovery zones and resource extensions. A portion of this programme is allotted to test new exploration targets generated from the IP survey that is currently in process.
“Furthermore the 1,000m diamond programme is due to commence on Friday the 22nd of January subject to regional weather events.
Once the diamond drilling and assaying is completed, consultants CSA Global will complete an updated structural model for the Carlow Castle deposit.