Argent Minerals confirms third VMS Lens at Kempfield

THE DRILL SERGEANT: Argent Minerals (ASX: ARD) has released assay results for the first phase of a diamond drilling program recently undertaken at the company’s Kempfield polymetallic silver project in New South Wales.

The company declared base metals have been intersected at depth by two holes.

The first – an extension of West McCarron hole AKDD159, which included results of:

18m at 9.8 per cent lead/zinc, 113g/t silver and 0.26g/t gold from 100.8m, including 5m at 17.9 per cent lead/zinc, 259g/t silver and 0.34g/t gold; and

4m at 2.6 per cent lead/zinc and 25.8g/t silver from 124m.

 

West McCarron AKDD177 section AB and plan view shows a ‘scissor’ formed
by the assay results from AKDD159 and historical drillhole AKRC136.
Source: Company announcement

The second was Causeway hole AKDD177, which returned:

13 metres at 0.22 per cent lead/zinc, 4.6 grams per tonne silver and 0.09 grams per tonne gold from 321 metres, including 1m at 1.1 per cent lead/zinc, 15.1g/t silver and 0.21 g/t gold from 33m.

Argent claimed the results have confirmed the presence of a third volcanogenic massive sulphide (VMS) system lens group immediately to the west of the company’s current open cut mine plan.

This third lens group has been interpreted to extend from West McCarron to Causeway, a strike length of approximately 500m, and remains open to the north east, to the south west, and at depth.

“There are two key aspects of these assay results,” Argent Minerals managing director David Busch said in the company’s announcement to the Australian Securities Exchange.

“Firstly, the existence of the new third interpreted VMS lens group has been verified, featuring base metals and providing significant exploration potential both within and beyond the interpreted 500 metre strike length.

“The rich base metal and silver grades in the West McCarron area are particularly encouraging, and we look forward to exploring this area further as a top priority for the company.

“Secondly, the assay results from the Causeway hole have confirmed the base metal detection method devised by Professor Ross Large as a potentially valuable tool for guiding exploration at Kempfield.

“We are making excellent progress with our search for VMS feeder zones in the project area, and the data from these holes contains a suite of important information which will be employed in the planning of the next phase of drilling at Kempfield.

“Plans are now under way for the next phase of the Kempfield drilling program, targeting April/May 2014.”

Email: admin@argentminerals.com.au

Website: www.argentminerals.com.au