Commenting on the update, Artemis Resources Executive Director Ed Mead said: “We have been working hard to determine the optimal strategy for advancing the Carlow Castle gold and copper project. With the orebody almost outcropping at surface a decision has been made to fully expose the mineralisation through bulldozing.
Exposing the orebody will assist in the delineation of the ore body as well as potentially lowering the cost of the drilling required to further understand this exceptional high-grade deposit.
With the processing plant at Radio Hill 80% complete for gravity gold and copper concentrate and the gold price pushing all-time highs, the focus is on fast-tracking Carlow Castle towards production. The 425,000 tpa fully permitted and approved Fox Radio Hill processing plant is a key asset for Artemis and will significantly reduce the cost and time line to production.
Work with CSA Global is showing that the Carlow Castle resource is potentially amendable to simple high grading, without the commensurate drop off in tonnes. We are looking to demonstrate a sizeable high-grade, near surface gold and copper resource with potential strong cobalt credits.”
SOURCE: ARTEMIS RESOURCES
DATE: 9 SEPTEMBER, 2019