Total
0
Shares
Source : Artemis Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Artemis Resources (ARV) releases third batch of results from drilling at the Carlow East Zone in the west Pilbara region of Western Australia
  • The company says high grade intercepts in the East Zone occur at depth and continue to define the mineralised shoots down-dip and outside the 2021 optimised pit shell
  • According to Artemis, the recent program has added significant geological and analytical information that can be used in the next phase of drilling
  • A further three holes are still pending assays, with additional drill planning in progress to follow up the gold and copper results
  • Shares last traded on December 20 at 6.6 cents

Artemis Resources (ARV) has released the third batch of results from a drilling program consisting of gold and copper intercepts from the Carlow East Zone in the Western Pilbara.

The company reported the 52-hole and approximately 14,000-metre reverse circulation drilling program intersected multiple high-grade zones of mineralisation which included the presence of cobalt.

Results included a thick interval of 20 metres at 2.06 grams of gold per tonne (g/t), 0.4 per cent copper and 0.25 per cent cobalt of particular interest.

Artemis claimed high-grade intercepts in the East Zone occur at depth and continue to define the mineralised shoots down-dip and outside the 2021 optimised pit shell.

According to the company, reinterpretation of the drilled areas has enabled it to plan drill targets with accuracy, with the majority of the targets intersecting mineralisation.

The company also said the recent program has added significant geological and analytical information that can be used in the next phase of drilling. A further three holes are still pending assays, with additional drill planning in progress to follow up the gold and copper results.

Shares last traded 12 per cent down on December 20 at 6.6 cents.

ARV by the numbers
More From The Market Herald
Siren Gold (ASX:SNG) - Chairman, Brian Rodan

" Siren Gold (ASX:SNG) to begin scoping study at NZ gold projects

Siren Gold (ASX:SNG) will undertake a scoping study for underground development at its Big River and…

" Mad Paws (ASX:MPA) reports 199pc growth December-quarter revenue

Pet services marketplace Mad Paws (ASX:MPA) has reported operating revenue for the December quarter of $2…

" Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project

Vanadium Resources (A:VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium…

" Stanmore (ASX:SMR) awards EPSA Pacific $564m open-cut mining contract

Stanmore Resources (ASX:SMR) has awarded EPSA Pacific a $564 million mining contract at its Isaac Downs…