Artemis Resources (ASX:ARV) has delivered another set of stellar cobalt hits from its Carlow Castle project in the West Pilbara with a new high-grade cobalt zone identified within the Quod Est Area.
The reverse circulation drilling is to infill and extend the 1.2km east-west strike and seek to join Quod Est, Carlow Castle South and Carlow Castle South East into one larger resource.
The company has recently intersected mineralisation in the north-south orientation from Quod Est to Carlow Castle South (over 500 metres) with the main strike of the mineralisation at Carlow Castle being east-west.
Best recent intercepts from Quod Est includes 17 metres at 1.86 grams per tonne gold, 0.61% cobalt and 0.05% copper from 88 metres including 2 metres at 9.02 grams per tonne gold, 2.42% cobalt and 0.03% copper from 89 metres.
Other high-grade intervals across Carlow Castle South East included 33 metres at 2.68 grams per tonne gold, 0.28% cobalt, 2.11% copper from 117 metres including 3 metres at 14.83 grams per tonne gold, 1.04% cobalt, 5.95% copper from138 metres and 37 metres at 1.53 grams per tonne gold, 0.23% cobalt and 1.7% copper from 34 metres including 3 metres at 8.21 grams per tonne gold, 0.57% cobalt, 5.78% copper from 65m.
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,” Artemis’ Chief Executive Officer Wayne Bramwell said.
“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.”
Additional assays are pending.
Shares in Artemis were trading today at 18c.