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PERTH - Artemis Resources Limited (ASX/AIM: ARV) has commenced a significant diamond and reverse circulation (RC) drilling program at its wholly-owned Carlow Tenement in the North Pilbara region of Western Australia. This exploration initiative aims to investigate several gold targets within a 4km radius centered around the company’s Carlow Mineral Resource, which is inferred to contain 374,000 ounces of gold and 64,000 tons of copper.
The drilling campaign will initially focus on the Marillion electro-magnetic (EM) conductor, situated 500m east of the Carlow resource. The objective is to identify the source of the EM anomaly and to assess the potential for extensions to the Carlow resource down plunge from previously intersected high-grade gold zones.
Subsequent shallow RC drilling is planned for the Titan Prospect, located 2km northwest of Carlow, as an exploratory measure of surface gold occurrences in an area that presents geological complexities favorable for gold mineralization. These targets have not been drilled before, despite their proximity to the known Carlow deposit.
Managing Director Julian Hanna expressed enthusiasm for the drilling program, highlighting the opportunity to expand the Carlow resource and discover new prospects within the company’s extensive portfolio in the Pilbara gold province. The current phase of drilling is part of a broader set of activities planned for the March quarter, as outlined in the company’s announcement on January 28, 2025.
The information regarding exploration results is backed by Adrian Hell BSc (Hons), a Competent Person and member of the Australasian Institute of Mining and Metallurgy, ensuring compliance with industry standards.
Artemis Resources is engaged in the exploration and development of gold, copper, and lithium projects in Western Australia, with key projects including the Karratha Gold Project, the Karratha Lithium Project, and the Paterson Central Gold/Copper project. The company also owns the Radio Hill processing plant, strategically located near Karratha.
The commencement of this drilling program is based on a press release statement from Artemis Resources Limited.
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