Argent Minerals Limited (ASX:ARD) Announces Significant Drilling Results at Kempfield NW Prospect
Drilling Program Overview
Argent Minerals Limited (ASX:ARD) has completed a Reverse Circulation (RC) drilling program at its 100%-owned Kempfield NW Prospect in New South Wales. During September 2024, 22 drillholes totaling 1,141 meters were executed, marking the first drilling activity in the previously untested area. The drillholes targeted high-grade surface geochemical anomalies identified in Q2/Q3 2024.
Significant Mineralisation Results
The RC drilling intersected shallow, broad, and thick zones of silver-gold-copper-lead-zinc mineralisation, with high-grade Volcanogenic Massive Sulphide (VMS) zones up to 34 meters thick from the surface. Notable intersections include Drillhole AKRC255: 23m @ 12.60 g/t Ag & 0.43% Cu+Pb+Zn, Drillhole AKRC261: 11m @ 23.82 g/t Ag & 0.38% Cu+Pb+Zn, and Drillhole AKRC287: 34m @ 13.60 g/t Ag & 0.91% Cu+Pb+Zn. These results extend the VMS mineralisation zone to a strike length of 1.1 km, remaining open along strike and depth.
Resource Estimation Upgrade
In July 2024, Argent updated its Kempfield Silver Deposit Mineral Resource estimate to 63.7 Mt @ 69.75 g/t silver equivalent, totaling 142.8 million ounces Ag Eq. This includes 65.8 Moz silver, 125,192 oz gold, 207,402 tonnes lead, and 420,373 tonnes zinc. The upgrades highlight the strong potential for expanding the mineralised footprint beyond the current Kempfield Deposit.
Executive Comments
Managing Director Mr Pedro Kastellorizos stated, “We are extremely pleased with the recent VMS discoveries east and southeast, as well as northeast of the main Kempfield Polymetallic Deposit. The delineation of silver and base metal mineralisation over the Kempfield NW Zone demonstrates a strong continuation of mineralised extensions along strike from Lode 300 Mineralised Block. These assay results, from limited drilling completed by Argent Minerals, reinforce the significant upside potential of the Kempfield Project as we expand the mineralised footprint well beyond the current Kempfield Deposit. The discoveries have potential for a major VMS cluster system with the team planning to test additional regional targets. We look forward to updating the market with further drilling results from the Kempfield NW Zone drilling programme.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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