New High-Grade Shoots Discovered In Pilbara
Artemis Resources Limited (ASX:ARV) has discovered a number of new high-grade shoots in its recently completed drill programmes at its 100%- owned Carlow Castle Gold and Copper Project in the west Pilbara region of Western Australia.
Executive Director, Boyd Timler, said the has now successfully completed the Q1 2021 drilling campaign at Carlow Castle of 10,853m of RC drilling with 55 holes.
“The results received from the Q1 2021 drill programme have validated our growing understanding of Carlow Castle. Holes targeting specific high-grade shoots returned some outstanding results and have provided us with a better understanding of the mineralised alteration halo encompassing the high-grade shoots,” Mr Timler said.
“Wide spaced drilling in the new Cross Cut Zone continues to surprise us with high- grade Au-Cu-Co intersects on multiple structures that are still not fully understood and open at depth and along strike.
The Q4 2020 and Q1 2021 drilling campaigns have added 128 new drill holes to the Carlow Castle database, with a new mineral resource estimation underway The company is increasingly confident on delivering on our target of Project One Million.”
Holes ARC289, ARC291 and ARC292 were targeting mineralized shoots in the Cross-Cut 1 Zone, with ARC301 targeting a zone subparallel to Quod Est mineralisation.
Mr Timler said the Cross-Cut results are very significant as they indicate the area potentially contains significant amounts of mineralisation. The intersection in ARC301 indicates the potential for adjacent and blind zones of mineralisation.
ARC282 was drilled from the north side of the western Main Zone. The shallower assay results have extended new sub-parallel mineralised shoots further north than previously seen. This hole has also confirmed structure and grade continuity some 50m deeper than previously drilled on this section.
The results of the campaign will be added to the Q4 2020 drilling campaign (11,113m of drilling in 73 holes), significantly expanding the Carlow Castle drill hole database. Once consolidated, consultants CSA Global will complete an updated structural model for the Carlow Castle deposit and a new resource estimation in Q2 2021.
