Artemis identifies high grade cobalt mineralisation at Carlow Castle
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Artemis Resources (ASX: ARV) has released promising assay results from its Carlow Castle cobalt-copper-gold project located in the Pilbara region of Western Australia.
These included 3 metres grading 3.45% cobalt, 6.24 grams per tonne gold and 2.43% copper from 52 metres, including 1 metre at 6.54% cobalt. Another promising intersection was 6 metres grading 1.94% cobalt and 3.4 grams per tonne gold.
Wider intersections also delivered promising gold-copper results, along with cobalt. A 12 metre intersection featured 9.8 grams per tonne gold, 4.57% copper, as well as 1.2% cobalt.
Importantly, the Carlow Castle resource remains open in all directions with multiple zones of massive sulphide cobalt mineralisation having been intersected.
Also of significance is the fact that ARV has a relatively large, highly prospective tenement of 32km2 to explore. With regards to the current exploration program, only 25% of the holes drilled to date have received assay results from the laboratory.
Consequently, there is the potential for further positive news flow which could provide share price momentum.
Keep in mind, however, that ARV is at an early stage so investors should seek professional financial advice before considering this stock for their portfolio. Share trading patterns should not be used as the basis for an investment as they may or may not be replicated.
The location of the Carlow Castle project, relative to the major centre of Karratha and the Radio Hill plant which is the subject of a binding conditional agreement between ARV and Fox Resources, is shown below.
Commenting on these recent developments, ARV’s Chairman David Lenigas said, “With cobalt being a must have metal for the growing electric vehicle and energy storage sectors, ARV’s identification of 6.54% cobalt is an exceptional grade and we are now seeing very good cobalt, copper and gold grades over good widths, strike length and depth.”
Assay results have confirmed the high grade nature of the northern area (Quod Est) at Carlow Castle. Holes completed to the west of the Carlow South resource area indicate that the mineralisation extends at least 150 metres to the west and remains open in that direction.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
