Mining company Artemis Resources (ASX:ARV) has announced positive results from operations at its Carlow Castle project mineral resource.
The project is located in the Pilbarra in Western Australia.
The company says the results confirm that nearly all the currently identified Mineral Resource estimates fall within optimized pit shells.
Drilling is about to commence in the Carlow Castle area increasing the size of the gold, copper, gold and cobalt discovery in the Pilbarra.
Artemis says the optimization has confirmed that the deposit has significant scope for expansion with additional drilling.
Shares in Artemis Resources (ASX:ARV) closed 2.56 per cent lower to $0.19 on Friday.