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- Argent Minerals (ARD) has announced the reverse circulation (RC) drilling rig is onsite at the Kempfield Polymetallic Project in NSW
- Following March field activity, Argent will soon begin a 3000 metre RC drilling program to target the highly prospective gold-copper footwall
- This footwall has returned results of up to 4.96 per cent copper, 1.56 per cent lead, 40.2 grammes per tonne silver, and 0.96 grammes per tonne gold
- This will be the first drilling program completed at Kempfield since 2016
- Argent is up a steady 11.8 per cent and shares are trading for 1.9 cents each
Argent Minerals (ARD) has announced the reverse circulation (RC) drilling rig is onsite at the Kempfield Polymetallic Project in New South Wales.
The project is located within the Lachlan Orogen, a richly mineralised geological area that extends from Queensland, through New South Wales and Victoria, and into Tasmania.
The Lachlan Orogen hosts one of the largest underground gold mines in the Southern Hemisphere, Newcrest Mining’s Cadia Valley.
Kempfield has a mineral resource of 21.8 million tonnes and 52 million ounces of silver equivalent grading 120g/t, and 520,000 tonnes of zinc equivalent grading two per cent.
Following on from field activity conducted in March, Argent will soon begin a 3000 metre RC drilling program to target the highly prospective gold-copper footwall.
This footwall has returned results grading up to 4.96 per cent copper, 1.56 per cent lead, 40.2g/t silver, and 0.96g/t gold.
Argent will also undertake extension RC drilling to increase the JORC compliant silver-lead-zinc resource.
The first RC hole of this program will be collared (reinforcing a hole with concrete so it doesn’t erode or cave in) on the gold-copper footwall in the next few days.
“Everyone in the Argent family was excited with the first drilling at Kempfield since 2016 and our expectations are high with a spate of good news from Argent including the recent successful oversubscribed private placement,” CEO and Managing Director George Karageorge stated.
Argent is up a steady 11.8 per cent and shares are trading for 1.9 cents each at 2:27 pm AEST.
