Join our daily newsletter At The Bell to receive exclusive market insights
- Argent Minerals (ARD) kicks off drilling at its Kempfield deposit in New South Wales
- The two-phase diamond and reverse circulation program will target potential copper and gold zones outside the resource area and potential depth extensions
- Up to 1800 metres of drilling is planned with 700 metres of RC drilling already complete and diamond drilling scheduled for February
- Shares in Argent Minerals are down 15.8 per cent, trading at 1.6 cents as of 4:10 pm AEDT
Argent Minerals (ARD) has commenced its 2023 drill program at the Kempfield project in New South Wales.
The two-phase diamond and reverse circulation drilling program will target untested potential copper and gold zones outside the resource area, as well as potential depth extensions to the Kempfield resource.
The company will drill up to 1800 metres across the copper exploration area Colossal Reef, high grade silver prospect Sugarloaf and within the Kempfield resource area.
Managing Director Pedro Kastellorizos said the company was excited to have begun drilling over the deposit.
“The campaign will target identified abundant untested mineralisation zones which have strong potential to host undiscovered copper, gold, silver and/or base metal mineralisation not contained within the current resource,” Mr Kastellorizos said.
“I look forward to updating the market with our results”.
The Kempfield deposit belongs to a peer group of volcanic-hosted massive sulphide (VHMS) deposits located at the margins of geological basins.
This peer group includes the 176 million ounce Bowdens Silver mine held by Silver Mines (SLV) which received mine development approval from the NSW Department of Planning and Environment at the end of 2022.
Shares in Argent Minerals were down 15.8 per cent, trading at 1.6 cents as of 4:10 pm AEDT.
-1200x645-380x200.jpg)
