Investors have jumped onboard Artemis Resources today on high grade gold-cobalt-copper hits at its wholly-owned Carlow Castle project in the West Pilbara.
The ASX-listed Pilbara-focused diversified explorer gained 2c to hit an intraday high of 19c with close to 3 million shares changing hands by 11:40am AEST.
Best intercepts from the reverse circulation drilling campaign include 132 metres at 4.89 grams per tonne gold, 0.25% cobalt and 1.11% copper from 98 metres including 16m at 18.78 gold, 0.82% cobalt and 2.37% Cu from 211m, and ▪ 5m @ 29.74g/t Au, 1.12% Co and 3.42% Cu from 213m.
Other results include 4m at 102 grams per tonne gold, 1.22% cobalt and 9.99% copper from 175m and 3m at 31.5 grams per tone gold, 1.45% cobalt and 3.57% copper from 130m.
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 the Radio Hill processing plant.
The main strike of mineralisation at Carlow Castle South is east-west (with current defined strike distance of this east-west trend approximately 1.2km) which is open along strike and at depth.
The current drilling campaign seeks to infill and extend the 1.2km east-west strike and seeks to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource.
Future drilling post a resource update will test further strike extensions.
Carlow Castle is new and becoming a significant discovery in the West Pilbara. Artemis’ Chief Executive Officer Wayne Bramwell said.
“The gold, cobalt and copper tenor defined by Artemis to date is exceptionally high and the system is open at depth and along strike.
Our current drilling footprint only covers an area 500m wide by 1.2km long and the three known targets are rapidly morphing into a much larger system than initially predicted.
Artemis is excited as to the potential local and regional scale of this system. More assays are pending, with Artemis remaining focused upon delivering a resource update for Carlow Castle in the next quarter.”
Additional assays from current drilling are pending and will be released as soon as they become available.