Argent Minerals Reports Kempfield NW Zone Drilling Results

/in , /by

THE DRILL SERGEANT: Argent Minerals (ASX: ARD) reported assay results from recent reverse circulation (RC) drilling carried out at the company’s 100 per cent-owned Kempfield NW Zone Polymetallic gold, silver, lead, zinc prospect in New South Wales.

Argent Minerals completed seven RC drill holes over the Kempfield NW Zone that intersected shallow, broad thick high-grade zones of silver-gold-copper-lead-zinc mineralisation up to 47 metres thick from surface.

The company explained the mineralisation intersected by the drilling has proven the Kempfield Volcanic Massive Sulphide (VMS) deposit to be more extensive than previously known.

The new mineralised zone delineated is located 1.1km north of the 300 Mineralised Block, which contains 11.8 million tonnes at 54.62 grams per tonne silver equivalent for 20.8 million ounces silver equivalent resource.

Results from the RC drilling included:

AKRC242
30m at 6.15 grams per tonne silver and 0.25 per cent cooper-lead-zinc (Cu+Pb+Zn) from 3m, including 7m at 15.09g/t silver and 0.26 per cent Cu+Pb+Zn from 3m;

AKRC243
28m at 13.39g/t silver and 0.69 per cent Cu+Pb+Zn from 0m, including 1m at 1.06g/t gold and 0.34 per cent Cu+Pb+Zn from 3m, including 17m at 20.01g/t silver and 0.83 per cent Cu+Pb+Zn from 8m inc 7m at 32.24g/t silver and 0.81 per cent Cu+Pb+Zn from 11m; and

AKRC245
18m at 0.61 per cent Cu+Pb+Zn from 0m, including 4m at 3.4g/t gold and 0.63 per cent Cu+Pb+Zn from 2m, including 1m at 11.15g/t gold and 0.76 per cent Cu+Pb+Zn from 2m.

“The newly defined high-grade gold-silver-base metal zones demonstrate a strong continuation of mineralised extensions along strike from Lode 300 Mineralised Block,” Argent Minerals managing director Pedro Kastellorizos said in the company’s ASX announcement.

“It is notable to see copper introduced into the system this far north for the first time, continuous over a depth of 28 metres, in addition to significant gold values in drillholes AKRC243 and AKRC245.

“The assay results further reinforce the significant upside potential of the Kempfield project as we continue to expand the mineralised footprint.

“The drilling has confirmed further high grades over extensive intervals, but also new zones of higher-grade mineralisation outside of the JORC Resource area.

“These newly identified mineralised zones are located 1.1 kilometres from the 20.8 million ounce silver equivalent Lode 300 Mineralised Block.

“In addition to the significant advancements made at the Kempfield project, the delineation of the Sugarloaf Hill, Henry’s and Golden Wattle prospects within our project portfolio now represent significant high-grade surface gold-silver-lead-zinc targets which will be systematically drill tested in the next couple of weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE