Argent Minerals Upgrade Kempfield Deposit Silver MRE

THE DRILL SERGEANT: Argent Minerals (ASX: ARD) reported an upgraded Mineral Resource Estimate (MRE) for the Kempfield silver deposit within the company’s 100 per cent-owned Kempfield silver-gold-lead-zinc project in New South Wales.

The Kempfield silver deposit MRE now stands at 63.7 million tonnes at 69.75 grams per tonne silver equivalent (AgEq) for 142.8 million ounces of silver, with a 54 per cent increase in silver metal content to 65.8 million ounces silver from the previous 2023 MRE.

Argent Minerals claims the updated MRE positions the Kempfield silver deposit as the second largest undeveloped silver deposit in Australia.

“The upgraded 2012 JORC compliant Resource over the Kempfield silver polymetallic deposit has delivered a significant 54 per cent increase of silver content compared to the previous resource, a major milestone for Argent,” Argent Minerals managing director Pedro Kastellorizos said in the company’s ASX announcement.

“The significance of the Mineral Resource Estimate, both in size and the associated value of the metal content within the resource area is substantial.

“The company believes the discovery of further mineralisation within the project area will further enhance the overall value of the future operations.

“Furthermore, our technical team believe the Kempfield deposit has substantial potential for additional resource growth along strike, down hole plunge and depth.

“Argent will be planning the next phase of drilling within the Kempfield NW, Sugarloaf Hill, Henry’s and Golden Wattle Zone Area with a view of increasing the tonnage and grade of the current resource estimation.”

 

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