Artemis Resources (ASX:ARV) Completes Phase One Drilling at Carlow Tenement
Drilling Completion
Artemis Resources completed the first phase of drilling at the Carlow Tenement, executing five diamond holes totaling 1,790 metres. The drilling targeted three high-priority gold areas within a four-kilometre corridor surrounding the Carlow gold/copper deposit.
Target Details
The Phase 1 drilling focused on the Titan gold prospect, located two kilometres northwest of the Carlow deposit, the Marillion EM conductor eight hundred metres east, and potential extensions from Carlow. All three Titan holes encountered wide zones of hydrothermal alteration and veining in an ultramafic sequence.
Geological Findings
pXRF readings from the Titan drill core revealed elevated arsenic levels, up to 3,460ppm, directly above a porphyry sill intrusion. Elevated arsenic may indicate gold mineralisation, particularly relevant in the North Pilbara gold province. Drilling at Marillion and Carlow extensions intersected vein-hosted sulphides.
Future Assay Results
Numerous drill core samples have been submitted for assays, with results expected in the coming weeks. These results will confirm the presence of gold and inform future drilling strategies.
Executive Comments
Managing Director Julian Hanna stated, “I am pleased to report completion of the Phase 1 drilling program targeting gold at the Carlow Tenement in line with our announcement on 28 January 2025. Five holes for a total of 1,790m were drilled at the Titan prospect, the Marillion conductor and as an initial test of possible extensions down plunge from the Carlow deposit.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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