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- Artemis Resources (ARV) announces reportedly high-grade gold and copper shoots at its Carlow copper-gold prospect in WA’s Pilbara region
- Assays include grades of up to 11.39g/t gold, 6.82 per cent copper and 0.55 per cent cobalt
- These results come from a 14,000-metre drilling program consisting of 52 holes to test the system near surface and at depth
- Executive Director Alastair Clayton claims the results are “hugely impressive” and have future potential and Artemis plans to complete further drilling next year
- Shares are down 1.16 per cent to trade at 8.5 cents
Perth-based explorer, Artemis Resources (ARV), has announced reportedly high-grade gold and copper shoots at its Carlow copper-gold prospect in WA’s Pilbara region.
The company says shoots in the prospects Western Zone occur at shallow depths. Appearing to be open in multiple directions both down-dip from near surface and also laterally.
Results come from a 14,000-metre reverse circulation drilling program which included 52 holes to test the mineralised system near surface and at depth. The company claims assays are pending for a further 12 holes with drill planning to follow.
According to Artemis, the majority of drill targets in the Western Zone have intersected mineralisation with additional drilling required to define the new area.
Results include 13 metres at 5.86 grams of gold per tonne (g/t), 0.21 per cent copper, 0.137 per cent cobalt from 58 metres, three metres at 11.39g/t gold, 6.82 per cent copper, 0.06 per cent cobalt from 108 metres, and five metres 2.9g/t gold, 0.62 per cent copper, 0.55 per cent cobalt from 79 metres.
Executive Director Alastair Clayton said the results were outstanding and have future potential.
“Given the Western Zone has only been drilled to approximately a 120-metre vertical depth we believe these results have the potential to dramatically alter the economics of the entire Western portion of the Carlow gold and copper project,” he said.
“Together, these coincident gold and copper grades presented are hugely impressive and will be a major target for further drilling in the new year.”
The company said additional drilling will be planned in 2022 to support an increase to the current resource and add gold ounces along with copper and cobalt metal to the Carlow project.
Shares were down 1.16 per cent to trade at 8.5 cents at 12:06 pm AEDT.
