Artemis defines multiple new cobalt targets - The Pick Online Magazine

Artemis Resources says first regional scale compilation of geochemical data in the West Pilbara region has identified multiple new high-order cobalt targets across the company’s tenure.

First systematic consolidation of regional scale geochemical data utilised to identify new, high order cobalt targets. These targets include:

• Carlow North – Strong cobalt signature (over 600m) north of Carlow Castle, interpreted to relate to an ultramafic sequence.
• Zac – Strong cobalt signature (over 900m) along faulted contact of ultramafic and Banded Iron Formation (BIF).
• Fenceline – Strong cobalt signature (over 2,000m) south of Ruth Well on contact of ultramafics with the Sholl Shear Zone.
• Bel’s PGE – An area of complex cobalt and PGE responses associated with an interpreted fault disrupted mafic/ultramafic intrusive.
• Purdy’s Reward Road – Zone of strong cobalt associated with sheared basalts along the southern margin of the Yannery Granite.
• Dingo and The Gap Prospects – multi-metal signatures analogous to the Carlow Castle Co-Au-Cu Deposit geochemistry.

Artemis is now in the process of ranking and prioritising targets for follow up assessment.

Cobalt has been known about in this region since the early 1920’s but no province wide assessment has been undertaken until now, Artemis’ Executive Director Ed Mead said.

“This first regional compilation of historic and newly acquired geochemical data gives us the first view into cobalt prospectivity and has identified multiple new cobalt targets across the broader Artemis tenure.

“Drilling by Artemis at the Carlow Castle Co-Au-Cu Project is informing our regional view of the cobalt opportunity and this work shows there is much more to be discovered in the West Pilbara, with modern techniques. Ranking and prioritisation of these targets is now underway,” he added.

Other areas such as south-east of Radio Hill and south of Carlow Castle show strong cobalt anomalous responses and will be investigated to ascertain their significance and may be added to the list of targets.

Shares in Artemis were trading at 14c on Monday.