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Highlights
- Drilling to target high-priority gold exploration zones within the 4km Carlow resource area, starting early February 2025.
- Diamond and RC drilling to test previously untested zones near Carlow and high-grade surface gold occurrences at the Titan Prospect.
- Conceptual mining study planned for Carlow’s 2022 Inferred Mineral Resource, with Artemis well-funded following a recent $4M placement.
Artemis Resources Limited (LSE:ARV) has unveiled details of an extensive drilling program to explore high-priority gold targets on its wholly owned Carlow Tenement, located within the prolific North Pilbara gold province of Western Australia. The program is set to commence in February 2025 and focuses on testing new exploration zones and expanding existing resource potential.
Drilling Program Overview
The planned drilling campaign includes diamond and Reverse Circulation (RC) drilling across a 4km northwest-trending zone centered on the Carlow Mineral Resource, which holds a combined 704Koz gold-equivalent (AuEq) resource, including 374Koz gold and 64,000 tonnes of copper.
Key areas of focus include:
- Marillion EM Conductor: The first diamond drill hole will target a significant electro-magnetic (EM) conductor located 500m east of the existing Carlow resource near the Andover Intrusion’s base.
- Carlow Resource Extensions: Further diamond drilling will investigate potential high-grade gold extensions down plunge from previously identified intersections, seeking to expand the current resource base.
- Titan Prospect: RC drilling will explore widespread high-grade surface gold occurrences at the Titan Prospect, located 2km northwest of Carlow. Assay results from recent chert and quartz/ironstone vein outcrops at Titan returned values of 51.8g/t Au and 41.4g/t Au, indicating strong gold potential. This area is associated with a gravity-low feature surrounded by chert outcrops, interpreted faults, and thrusts.
Additional Initiatives
Artemis is also conducting a conceptual mining study on the Carlow Inferred Mineral Resource, which includes 7.25Mt @ 1.3g/t gold for 296,000oz Au within an optimised pit. This study aims to evaluate the resource's viability for future mining operations.
In addition, the company is assessing other promising assets and recently applied for an exploration license to cover an interpreted intrusion with potential for Iron Oxide Copper-Gold (IOCG) mineralisation.
