Artemis Resources (ARV) has released an inferred mineral resource estimate (MRE) for the Greater Carlow project in Western Australia’s Pilbara region.
The gold-copper-cobalt project has a total inferred MRE of 8.74 million tonnes at 2.5 grams per tonne (g/t) gold equivalent for 704,000 ounces of gold.
This comprises an open pit resource of 7.25 million tonnes at 2.4 g/t gold equivalent for 557,000 ounces using a 0.7 g/t cut-off grade, and an underground resource of 1.49 million tonnes at 3.1 g/t gold equivalent for 146,000 ounces using a two g/t cut-off grade.
Executive Director Alastair Clayton said the company had established a “robust, credible, high-grade multi-metal resource” that it planned to continue growing.
The high-grade resource remains open in multiple directions, and further exploration will focus on growing the open pit and underground resources further.