21 December 2021
ASX Announcement
For personal use only
Additonal High-Grade Gold and Copper Intercepts from
the Carlow East Zone
Highlights
High-grade East Zone intercepts occur at depth and continue to define the mineralised shoots down-dip and outside the 2021 optimised pit shell.
Third batch of results from our 52 hole, ~14,000m RC drill programme has intersected multiple high-grade zones with the better intersections being:
- 20.0m @ 2.06g/t Au, 0.40% Cu, 0.254% Co, from 258m; Hole ARC359 o Including 3.0m@ 8.78g/t Au, 1.18% Cu, 1.140% Co, from 258m
- 3.0m @ 21.91 g/t Au, 0.80 % Cu, 0.01 % Co, from 246m; Hole ARC355 o Including 1.0m @ 53.1g/t Au, 1.27% Cu 0.01% Co, from 246m
- 11.0m @ 1.69 g/t Au, 0.49 % Cu, 0.256 % Co, from 246m; Hole ARC357 o Including 2.0m @ 6.68g/t Au, 0.75% Cu, 0.916% Co, from 246m
- 6.0m @ 4.61 g/t Au, 0.44 % Cu, 0.02 % Co, from 294m; Hole ARC356 o Including 2.0m @ 5.75g/t Au, 0.42% Cu, 0.015% Co, from 296m
- 2.0m @ 11.93 g/t Au, 0.67 % Cu, 0.02 % Co, from 199m; Hole ARC356
- 1.0m @ 25.10 g/t Au, 0.43 % Cu, 0.01 % Co, from 245.00 m; Hole ARC358
Resource development and exploration drilling can now be planned with a higher level of confidence.
A further 3 holes are still pending assays with additional drill planning in progress to follow up these outstanding gold and copper results.
ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF | |
www.artemisresources.com.au | Page 1 of 18 |
For personal use only
Artemis Resources Limited ("Artemis" or "the Company") (ASX:ARV, Frankfurt: ATY, US
OTCQB: ARTTF) is pleased to provide an update on assay results from the recent RC drilling programme targeting the East and Quod Est Zones at its 100%-owned Carlow Gold and Copper Project in the west Pilbara region of Western Australia.
Alastair Clayton, Executive Director commented: "Once again Steve Boda, Artemis General Manager and his team have, delivered outstanding results from the Carlow Project.
Through diligent analysis we can now target and intercept very high-grade shoots as well as thick zones of gold and copper with a high degree of certainty.
As demonstrated by the outstanding gold and copper intercepts presented to shareholders over the last five weeks the exploration scope and potential continues to grow across the Carlow group of deposits and regionally at the new Chapman discovery.
We will be accelerating our Carlow exploration efforts in the New Year with our aim of delivering a new resource statement in H1 of 2022."
Eastern Zone
These recent results have shown that the potential of the eastern zone lies in depth extensions while further discoveries of offset high-grade shoots to the south of the main East Zone will widen the mineralised area at depth.
Figure 1 shows the location of the collars for the program along with sections lines for the cross- sections presented in this document.
Figure 1: Section lines and collar locations of holes for the East Zone as referenced in this document. Refer to section lines for diagrams.
ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF | |
www.artemisresources.com.au | Page 2 of 18 |
Reinterpretation of the Carlow deposit suggests that high-gradesteeply-plunging shoots occur in the East Zone, which in turn potentially identifies the East Zone as the feeder to the Carlow system. This interpretation has enabled ARV to plan drill targets with accuracy, with the majority of the targets intersecting mineralisation, and returning excellent results.
Table 1: Significant results for drilling in the East Zone of the Carlow Main Area. These results are cut at >1.0g/t Au. Table 2
contains results for >0.5g/t Au, 2m included waste.
only | DH Width | |||||||||||
HoleID | From (m) | To (m) | (m) | Au (g/t) | Cu (%) | Co (%) | ||||||
ARC349 | 73 | 75 | 2 | 1.83 | 0.44 | 0.020 | ||||||
ARC349 | 132 | 133 | 1 | 1.23 | 0.47 | 0.007 | ||||||
use | ARC349 | 139 | 142 | 3 | 2.78 | 0.54 | 0.032 | |||||
ARC349 | including | 140 | 141 | 1 | 7.17 | 1.13 | 0.045 | |||||
ARC349 | 160 | 161 | 1 | 1.18 | 0.17 | 0.016 | ||||||
ARC349 | 228 | 231 | 3 | 1.57 | 1.70 | 0.008 | ||||||
ARC350 | 15 | 16 | 1 | 1.82 | 0.14 | 0.020 | ||||||
ARC350 | 42 | 43 | 1 | 3.15 | 0.78 | 0.110 | ||||||
ARC350 | 47 | 52 | 5 | 3.51 | 1.39 | 0.173 | ||||||
personal | ARC350 | including | 47 | 48 | 1 | 10.90 | 3.59 | 0.012 | ||||
ARC350 | including | 50 | 51 | 1 | 4.31 | 1.07 | 0.614 | |||||
ARC355 | 283 | 288 | 5 | 1.31 | 0.18 | 0.121 | ||||||
ARC350 | 78 | 79 | 1 | 1.98 | 2.88 | 0.021 | ||||||
ARC350 | 171 | 172 | 1 | 1.16 | 0.96 | 0.100 | ||||||
ARC351 | 42 | 48 | 6 | 1.38 | 0.62 | 0.100 | ||||||
ARC352 | 249 | 250 | 1 | 1.63 | 4.27 | 0.014 | ||||||
ARC353 | 68 | 70 | 2 | 4.87 | 0.01 | 0.006 | ||||||
ARC353 | 122 | 124 | 2 | 1.49 | 0.07 | 0.005 | ||||||
ARC353 | 314 | 315 | 1 | 1.20 | 1.36 | 0.302 | ||||||
ARC354 | 298 | 299 | 1 | 3.89 | 1.38 | 0.582 | ||||||
ARC355 | 211 | 212 | 1 | 3.54 | 0.40 | 0.006 | ||||||
ARC355 | 215 | 218 | 3 | 1.45 | 0.59 | 0.011 | ||||||
ARC355 | 237 | 238 | 1 | 1.33 | 2.01 | 0.008 | ||||||
ARC355 | 246 | 249 | 3 | 21.91 | 0.80 | 0.009 | ||||||
ARC355 | including | 246 | 248 | 2 | 31.63 | 1.10 | 0.011 | |||||
(ARC355 | including | 246 | 247 | 1 | 53.10 | 1.27 | 0.010) | |||||
For | ||||||||||||
ARC356 | 199 | 201 | 2 | 11.93 | 0.67 | 0.025 | ||||||
ARC356 | 231 | 232 | 1 | 6.23 | 1.05 | 0.010 | ||||||
ARC356 | 254 | 255 | 1 | 1.24 | 0.47 | 0.009 | ||||||
ARC356 | 294 | 300 | 6 | 4.61 | 0.44 | 0.019 | ||||||
ARC356 | including | 294 | 295 | 1 | 3.33 | 0.12 | 0.013 | |||||
ARC356 | including | 296 | 298 | 2 | 5.75 | 0.42 | 0.015 | |||||
ARC356 | including | 299 | 300 | 1 | 7.22 | 1.05 | 0.040 | |||||
ARC357 | 185 | 186 | 1 | 1.12 | 0.03 | 0.005 | ||||||
ARC357 | 246 | 257 | 11 | 1.69 | 0.49 | 0.256 | ||||||
ARC357 | including | 246 | 248 | 2 | 6.68 | 0.75 | 0.916 | |||||
ARC357 | 294 | 295 | 1 | 1.21 | 1.38 | 0.011 | ||||||
ARC357 | 315 | 316 | 1 | 1.10 | 0.03 | 0.004 | ||||||
ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF | ||||||||||||
www.artemisresources.com.au | Page 3 of 18 |
For personal use only
DH Width | |||||||
HoleID | From (m) | To (m) | (m) | Au (g/t) | Cu (%) | Co (%) | |
ARC358 | 245 | 246 | 1 | 25.10 | 0.43 | 0.009 | |
ARC358 | 262 | 267 | 5 | 1.71 | 0.46 | 0.069 | |
ARC358 | including | 266 | 267 | 1 | 3.77 | 0.57 | 0.016 |
ARC359 | 258 | 278 | 20 | 2.06 | 0.40 | 0.254 | |
ARC359 | including | 258 | 261 | 3 | 8.78 | 1.18 | 1.140 |
ARC359 | including | 267 | 274 | 7 | 1.16 | 0.38 | 0.128 |
ARC361 | 274 | 276 | 2 | 1.31 | 6.00 | 0.014 | |
ARC361 | 330 | 331 | 1 | 2.33 | 0.36 | 0.050 | |
ARC361 | 351 | 357 | 6 | 1.01 | 1.81 | 0.027 | |
ARC362 | 198 | 199 | 1 | 1.42 | 0.54 | 0.018 | |
ARC362 | 224 | 225 | 1 | 4.85 | 4.72 | 0.059 |
Most of these results extend existing mineralised trends downward in the East Zone, such as the results for ARC355 Section 507360mE (Figure 2). These results extend the current mineralised envelops 80 metres below the 2021 optimised pit outline.
Other holes such as ARC356, (Section 507400mE; Figure 3) intersected another zone of high-grade of 6m @ 4.61 g/t Au, 0.44 % Cu, 0.02 % Co, from 294m that effectively extends the current mineralised envelope 60 metres below the 2021 optimisation pit.
Figure 2: Hole ARC355 Section 507360 showing a series of mineralised intervals down along the drill trace, well below the 2021 optimised pit outline. This remains open at depth. The line traces highlight the low grade halo with orange outlining the >0.25g/t Au trace and green outlining >0.25% Cu as defined by implicit modelling.
ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF | |
www.artemisresources.com.au | Page 4 of 18 |
onlyuseFigure 3: Hole ARC356 Section 507400mE showing significant intersections well below the 2021 optimised pit outline, with mineralisation open at depth. This section of the East Zone is near the Crosscut Zone, as shown by the significant intersection
in hole ARC344. The line traces highlight the low grade halo with orange outlining the >0.25g/t Au trace and green outlining personalFor
>0.25% Cu as defined by implicit modelling.
A thick interval of 20m @ 2.06g/t Au, 0.40% Cu, 0.254% Co from 258m is particularly interesting not just for the Au and Cu, but significant Co values as well (Figure 4).
Figure 4: Hole ARC359 Section 507540mE highlighting the thick mineralised intersection outside of the 2021 optimised pit outline. This mineralised trend remains open down dip. The line traces highlight the low grade halo with orange outlining the >0.25g/t Au trace and green outlining >0.25% Cu as defined by implicit modelling.
ARTEMIS RESOURCES ASX:ARV FRA:ATY US:ARTTF | |
www.artemisresources.com.au | Page 5 of 18 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Artemis Resources Limited published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 21:39:05 UTC.