Artemis Resources (ASX:ARV) is on the exploration hunt for further gold-copper-cobalt at its Carlow Castle project in the Pilbara with the start of Sub-Audio Magnetics (SAM) surveying.
The SAM survey is to target approximately 5 kilometres of strike to the immediate west of the resource at Carlow Castle.
Carlow Castle covers a strike length of 1.2km with a JORC resource of 7.7Mt. The project was originally identified using SAM exploration.
Gap Geophysics Australia will carry out the SAM survey, targeting areas which have delivered prospective geochemical sampling and geological interpretation results.
“The western continuation of the Carlow Castle resource is being targeted with SAM, which was very successful in identifying the structure of the resource to date. Artemis Resources Executive Director Ed Mead said.
“We have geochemical anomalies for gold and cobalt to the west and we hope that the SAM survey will provide multiple vectors, to increase the priority of areas for follow up pitting and trenching, before we undertake a heritage survey and ultimately drilling.
The SAM survey will assist Artemis in formulating an Exploration Target, identifying further shallow mineralisation and using this information to look at the potential for scale of the project.”
Shares in Artemis were trading at 3.2c on Monday.
