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Argent Minerals (ASX:ARD) has unveiled its discovery of rockchips containing gold grading up to 24g/t on-site its NSW-based Trunkey Creek project acreage.
A selection of rock chips – with grades at 24g/t; 15g/t g/t; and two at 10g/t – were uncovered in areas associated with quartz veins. This, Argent believes, spells a pretty obvious future drill target.
Argent’s Trunkey Creek is located 9km southeast of the company’s Kempfield Project with the former boasting “extensive historical gold workings.” Quarts veins in a north northeast direction on-site are estimated to be over some 5.5km in length and up to 500m wide.
Historically, the site underlying what is now Argent’s Trunkey Creek produced just short of 3,000oz of gold – a small-scale operation without doubt, but, in the company’s eyes, evidence that larger deposits could lie on-site, missed by drillers decades ago.
Mapping over quartz reefs has left Argent convinced there are two main sources of mineralisation; electromag survey data is also sitting with geotechs with some targets lying in zones not subject to any known drilling.
“Recent high-grade gold rock chip assays in conjunction with locating the old mine workings, have highlighted the significant exploration potential over the Trunkey Creek Project area,” Argent MD Pedro Kastellorizos said.
“High-resolution ground IP interpretation has clearly defined … potential quartz veins.”
ARD last traded at 1.7cps.
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