Next Investors logo grey

Artemis reveals further promising drilling results from Carlow Castle


Published 08-MAY-2017 15:33 P.M.


2 minute read

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

Shares in Artemis Resources (ASX:ARV) traded as high as 8.8 cents in the first 15 minutes of trading on Monday morning, representing an increase of more than 15%, after the company released promising cobalt and gold results from its Carlow Castle project located in close proximity to Karratha and the group’s Radio Hill processing plant in Western Australia.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

These high grade gold, cobalt and copper assay returns build on previous impressive results from the Carlow Castle project. The reverse circulation drilling program included 34 holes across nearly 2.5 kilometres with approximately 2670 samples being submitted for laboratory testing.

The following recent results demonstrate impressive gold mineralisation, and particularly with regard to hole ARC008, this is accompanied by high grade copper and cobalt. Hole ARC 031 also returned high grade gold and cobalt mineralisation.

Next Investors Image

Blast program to define further mineralised cobalt/gold/copper trends

Results have been received for 28 of the holes, and examination of the additional 770 samples will assist the company in prioritising targeted mineralised zones for the resumption of reverse circulation drilling, which has been suspended as the company prepares to conduct a 500-hole shallow Rotary Air Blast (RAB) program.

The RAB programme has commenced at Carlow Castle, assessing a four square kilometre area. This will penetrate to a depth of 3 metres with a view to uncovering a sequence which masks the underlying geology.

On completion, this should allow management to generate a basement geological map and geochemistry with the aim of defining further mineralised cobalt/gold/copper trends for follow-up reverse circulation drilling.



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.