PROJECTS
Karratha Gold Project Including Carlow - One of Australia's most exciting gold-copper-cobalt discoveries
Carlow Overview
Artemis Resources 100% owned Gold Copper, and Cobalt mineral resource is situated in the premier mining jurisdiction of Western Australia’s West Pilbara, 25km from the regional city of Karratha. With well serviced infrastructure at its doorstep including power, roads and port access, the Carlow deposit is one of Australia’s best serviced undeveloped polymetallic gold deposits with significant resource upside potential.s
- Starting Mineral Resource of 704k oz AuEq
- Exploration target of 2.5Mt to 5.0Mt @ 2.5g/t Au Eq to 3.1g/t AuEq (based on ASX announcement dated 9 May 2023)
- Project Highlights
8.74 Mt at 2.5 g/t Au Eq1
for 704K oz Au Eq1
Mineral Resource Estimate
374,000 oz Gold
64,000T Copper
8,000T Cobalt
Contained Metal
Geology & Mineralisation
The Carlow deposit is on granted exploration licence E47/1797 and is only ~35km from Artemis resources 100% owned Radio Hill Processing Plant (Figure 1).
The Carlow deposit is hosted within the mafic rocks of the Roebourne complex along the highly prospective regal Thrust. The Carlow Main and Quod Est loads are hosted within structurally controlled mineralised zones occurring at right-angles to each other. The recently defined Crosscut deposit is located approximately 200 m north of Carlow Main and strikes north-south, sub-parallel to Quod Est (Figure 2). Mineralisation is hosted within chloritic shear zones in basalts and is focussed along contacts between the host basalt and footwall and hangingwall gabbro units.
Significant Carlow Exploration Potential
- Carlow North – Anomaly identified north of Carlow, elevated copper in soils
- Titan – Elevated gold in soils with assay results up to 101.3 ppb Au
- Marillion – Very high tenor (>11,000s) FLEM 500m by 350m anomaly Potential continuation of Carlow Keel, or an entirely new discovery
- Europa – Coincident gravity and magnetic target
- Chapman – Wildcat hole hits 10m @ 3.4% Cu, 1.75 g/t Au & 24.65 g/t Ag, from 116m, incl 5m @ 6.23% Cu, 3.01 g/t Au, 45.32 g/t Ag from 117m
- Thorpe – Thought to be a structural repeat of the Carlow host sequence. Ultrafine soil sampling defines regional structures & appears coincident with a regional magnetic trend.
1 Gold equivalent equations for the oxide, transition and fresh domains as derived for October 2022 Resource Estimate:
Oxide Au Eq. = Au(g/t) + Cu(%) x 0.86 + Co(%) x 2.31
Transitional Au Eq. = Au(g/t) + Cu(%) x 0.81 + Co(%) x 2.17
Fresh Au Eq. = Au(g/t) + Cu(%) x 1.31 + Co(%) x 3.96