Artemis winds up first drill phase at Carlow gold neighbours

Artemis Resources has finished its first campaign over three previously undrilled gold targets adjoining its Carlow deposit in WA’s Pilbara.

Artemis is putting the pieces together in a high-potential gold province. Pic: Getty Images

• Artemis Resources completes drilling of untouched Pilbara gold targets

• Early positive results ahead of keenly awaited assays

• Wider potential starting to be understood in a province hosting the Hemi deposit

 

Special Report: Artemis Resources has capped off a first-phase drill campaign at three previously undrilled gold targets surrounding its ever-fascinating Carlow deposit in the WA Pilbara.

Five diamond holes for 1790m covered the Titan gold prospect, the Marillion electromagnetic target and possible down plunge extensions to Carlow within Artemis Resources' (ASX:ARV)  fully-owned Karratha gold project.

All three holes into Titan, confirmed by geophysics to be the first across a regional structure, struck a wide zone of hydrothermal alteration and veining in an ultramafic sequence down dip from an occurrence of surface gold.

Artemis managing director Julian Hanna said the company was pleased to complete the first-phase drill program which was successful for several reasons.

“Firstly, it provided very encouraging early indications from the Titan prospect where high-grade surface gold occurrences were announced in 2024 from samples of quartz/ironstone veins and chert outcrops in four different areas at Titan,” he said.

“While we await assay results to confirm if gold has been intersected at Titan, wide zones of alteration, quartz veining and brecciation were reported in drill core from the three holes drilled to date.”

Hanna noted that visual observations of hydrothermal-type alteration and intensive veining were supported by pXRF readings of highly elevated arsenic, which if associated with gold, may open potential well beyond the drilled area.

“Drilling at Marillion and Carlow was also successful, intersecting several zones of vein hosted, stringer and semi-massive pyrrhotite with locally visible chalcopyrite sulphide within the target basalt and underlying chert sequence,” he said.

“Overall, this initial drilling program is already changing our understanding of the geological and structural setting as well as the wider gold potential of this highly mineralised area.”

Hanna added that numerous samples from the five diamond holes were off for assay, and the company looked forward to announcing their return in the near future.

Gravity image showing the Titan gravity low feature and recent drilling, high-grade surface gold occurrences, and outline of the Carlow deposit and Marillion EM target. Pic: ARV

May have slice of the pie

With a long and little understood history as the oldest discovered copper deposit in the Pilbara, it’s little wonder why a geologist like Hanna was drawn to Carlow and the surrounding territory when he took the Artemis reigns as MD early this year.

It was long abandoned despite being a short skip from the region’s mining capital of Karratha, until Artemis’ work in 2018 found an economically significant, if geologically complex system of mineralisation.

Hanna noted to Stockhead contributor Kristie Batten that Carlow remained completely open at depth and down-plunge, and had neighbouring targets that were simply too good to remain undrilled any longer.

The Karratha Gold Project sits on the opposite end of a 200km east-west structural corridor to the 13.6Moz Hemi project and Artemis reckons it might just have a slice of some gold action in its own territory.

Read more from Stockhead: Hemi 2.0: The search for big gold deposits is heating up in the Pilbara

This article was developed in collaboration with Artemis Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Artemis winds up first drill phase at Carlow gold neighbours