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- Argent Minerals (ARD) receives the first batch of assay results from its reverse circulation (RC) drilling program at the Pine Ridge Gold Prospect in NSW
- A total of 16 RC holes were drilled and results have been received for eight with grades peaking at 10.93g/t gold
- Samples from the remaining eight holes are currently at Nagrom Metallurgical Laboratories in Perth and results are expected in due course
- Once all results have been received, Argent will begin its first maiden JORC resource estimation
- Shares in Argent are down 3.13 per cent and are trading at 3.1 cents at 12:57 pm AEST
Argent Minerals (ARD) has received the first batch of assay results from its reverse circulation (RC) drilling program at the Pine Ridge Gold Prospect.
Pine Ridge lies in the Central Tablelands in New South Wales (NSW), roughly 65 kilometres south of Bathurst and 10 kilometres southwest of Trunkey.
A total of 16 RC holes, for 1918 metres, were drilled to infill and extend historical drilling and results have been received for eight holes.
Seven of the eight holes have intersected economic grade gold mineralisation with a peak result of five metres at 3.26 grams of gold per tonne (g/t) from 16 metres including one metre at 10.93g/t gold from 17 metres.
Other results include five metres at 2.44g/t gold from 94 metres including one metre at 9.55g/t gold from 94 metres; and 13 metres at 3.20g/t gold from 56 metres.
Samples from the remaining eight holes are currently at Nagrom Metallurgical Laboratories in Perth and results are expected in due course.
Once all results have been received, Argent will begin its first maiden JORC resource estimation.
Managing Director George Karageorge was pleased with the results received so far and is looking forward to seeing what else is intersected.
“We are very pleased and excited to have received the first batch of significant gold assay results from the second phase of drilling over Pine Ridge,” Mr Karageorge said.
“The results demonstrate surface and deep mineralisation with some high-grade zones over the central part of Pine Ridge.”
Shares in Argent were down 3.13 per cent and trading at 3.1 cents at 12:57 pm AEST.
