Artemis Resources Limited (ASX: ARV, Frankfurt: ATY, US OTCQB: ARTTF) has announced impressive assay results including 14m @ 7.03g/t Au, 2.61% Cu and 0.28% Co from 123m from the drill programmes currently underway at its 100%-owned Carlow Castle Gold and Copper Project in the west Pilbara region of Western Australia.
The company said that the Carlow Castle 10,500m Q1 2021 RC drill campaign was expanded to 55 holes, of which results for the first 27 holes have been returned. Most recent assays received are for the 10 holes ARC271 to ARC280, returning some excellent results.
ARV said that senior Carlow Castle Project Team is now in place to deliver Project One Million. Artemis announced that it has now scheduled a Q2 2021 campaign including some 1,500m of diamond drill coring and a minimum of 10,000m of RC drilling.
Q1 2021 drill campaign at Carlow Castle
The company reported that the Q1 2021 drilling campaign at Carlow Castle completed 10,500m of RC drilling with 55 holes. Of this, results for the first 27 holes have been returned, with assays pending for the remaining 28 holes.
ARV said that the most recent assays received for the 10 holes ARC271 to ARC280 returned some excellent results.
Further high-grade results
The company announced that encouraging results were received from the latest RC holes ARC272, ARC276, ARC277, ARC280 on the Main Zone, east, and west areas.
Holes ARC272, ARC276, and ARC277 were targeting high-grade mineralized shoots in the Eastern Zone of the Main 1.2km structure, with ARC280 targeting a shallowly plunging mineralized shoot on the Western Zone.
ARC277
The company said that the RC hole ARC277 reported outstanding Au – Cu grades and widths further growing the resource at depth. Important hits included 14m @ 7.03g/t Au, 2.61% Cu, 0.28% Co from 123m, including; 3m @ 25.8g/t Au, 5.25% Cu, 0.46% Co from 129m, including; 1m @ 66.8g/t Au, 6.52% Cu, 0.53% Co from 129m.
ARC276
ARV said that the hole ARC276 reported outstanding gold grades and widths further growing the resource at depth. Significant results included 3m @ 2.82g/t Au, 0.16% Cu, 0.003% Co from 124m, including; 1m @ 6.58g/t Au, 0.03% Cu, 0.004% Co from 126m, and 18m @ 3.46g/t Au, 0.66% Cu, 0.33% Co from 201m, including; 2m @ 13.95g/t Au, 1.32% Cu, 1.59% Co from 201m, and 1m @ 14.95g/t Au, 1.28% Cu, 0.66% Co from 209m.
ARC272
The company said that excellent gold grades were reported from RC hole ARC272, including 3m @ 13.3g/t Au, 0.77% Cu, 0.31% Co from 267m, including; 1m @ 38.4g/t Au, 2.05% Cu, 0.63% Co from 269m.
ARC280
ARV said that RC hole ARC280 reported multiple zones of excellent gold grades further growing the resource. Important results included 3m @ 2.13g/t Au, 0.19% Cu, 0.06% Co from 72m, and o 6m @ 2.97g/t Au, 0.55% Cu, 0.04% Co from 96m, including; 1m @ 11.5g/t Au, 0.65% Cu, 0.01% Co from 98m.
Team in place
Artemis announced that Senior Carlow Castle Project Team is now in place to deliver Project One Million under the leadership of Executive Director Boyd Timler with Exploration Manager Allan Younger and newly appointed Project Manager Steve Boda.
Next steps
Artemis said that the results at the Carlow Castle Co-Cu-Au project warrant further drilling. The company noted that the drill programme results to date are considered excellent.
ARV announced that an IP programme and detailed low level aeromagnetic survey are scheduled to be completed in the coming weeks.
The Company said that it has scheduled a Q2 2021 campaign including some 1,500m of diamond drill coring and a minimum of 10,000m of RC drilling, targeting both in-fill and step-out resource definition and some near resource targets from the recently completed DDIP geophysical survey.
Management statements
Artemis Executive Director Boyd Timler said: “As with the previous 11 March 2021 ASX release of assay results from the Q1 2021 drilling program, Carlow Castle drilling continues to return exceptional grades and widths as we expand the mineralized envelope of the Main Zones.
These results are defining discrete high-grade gold and copper mineralized shoots within the ore body, helping to expand the mineral resource potential and assisting the targeting of further drilling planned in Q2 2021.
The Company remains excited with these results as it continues to grow the resource potential of Carlow Castle which will be incorporated into a new mineral resource estimation, commencing shortly. Artemis Resources is building a team of senior technical personnel that understands what is required to progress an advanced stage project like Carlow Castle.
As Executive Director I am excited with leading a technical team that is gaining insight into the orebody controls, maximizing the mineral resource potential with a focused, mature, knowledgeable view and utilizing the expertise of our business partners like CSA Global and Resource Potentials.”
*Image Source: Artemis Resources Limited