Artemis Resources Limited (ASX: ARV) has kicked-off a new drilling campaign at the Carlow Castle Au-Cu-Co Project in the Pilbara Region of Western Australia.
COO/Executive Director, Ed Mead, said the work programme of Reverse Circulation (RC) drilling of SAM targets 1-4 has been designed to test strike extensions to the west of the current resource, over a strike of ~1km. 24 drill holes for 2,400m have been designed.
I am pleased to announce that drilling has resumed at Carlow Castle, with the work program of RC drilling and downhole electromagnetics designed to increase the scale of the project for strike and dip extensions,” Mr Mead said.
“The programme has kicked off with drilling to the west of the current resource area, targeting approximately 1km of the next 5 km of potential additional strike that is yet to be drill tested. I look forward to updating the market in due course.”
Mr Mead said RC drilling of seven holes for 1,600m has been designed around the resource area to test depth extensions and to undertake DHEM, which will test the EM (Electromagnetic) signature of the ore zone. The EM signature will assist with identifying potential downdip extensions and parallel lode systems within and around the current resource area.
He said the 4000m RC drill programme will assist in generating an Exploration Target, and increasing the scale and size of the Carlow Castle resource.
The current Carlow Castle Mineral Resource covers a strike length of 1.2 km, and was successfully identified using SAM exploration in early 2018. In conjunction with geochemical anomalies, SAM targeting drove the Carlow Castle drilling programme in 2018 that increased the maiden resource by 71% in February 2019, and subsequent SAM survey which has identified 21 new targets to the west of the current resource.
Recent structural mapping and evaluation of historical diamond core and trenching through the top of the resource area, led to a significant increase in the confidence levels of the project, and culminated in the new Mineral Resource estimate (MRE) announced in November 2019, that increased metal content by 60% for gold, 25% for copper and 15% for cobalt.
