- Argent Minerals (ARD) releases a maiden JORC 2012 inferred mineral resource for the Pine Ridge Deposit in New South Wales
- The mineral resource reads 419,887 tonnes at 1.65g/t gold containing 22,122 ounces of gold and was independently estimated by Odessa Resources
- It was produced based on historical drill results which included drilling completed in 1993 by Gold Rim Exploration and from 2019 to 2021 by Argent
- Follow-up extensional resource drilling has been planned to the north of the main gold mineralisation zone with the aim to increase the current resource tonnage and grade
- Shares in Argent were down 12.5 per cent on market close and trading at 2.8 cents each
Argent Minerals (ARD) has released a maiden JORC 2012 inferred mineral resource for the Pine Ridge Deposit in New South Wales.
The mineral resource reads 419,887 tonnes at 1.65g/t gold containing 22,122 ounces of gold and was independently estimated by Odessa Resources.
It was produced based on historical drill results which included drilling completed in 1993 by Gold Rim Exploration and from 2019 to 2021 by Argent.
Results came from six NQ diameter diamond holes, 48 reverse circulation holes and 5227 assays.
“We are pleased to have completed Argents’ first maiden JORC Resource over the Pine Ridge Gold Prospect. We are confident of increasing the current Pine Ridge resource during this year,” CEO Pedro Kastellorizos said.
“Furthermore, our technical team believe the deposit has substantial potential for more resource growth along the northern portion proximal to the old historical mine area as this highly prospective zone remains completely untested by drilling.”
Follow-up extensional resource drilling has been planned to the north of the main gold mineralisation zone with the aim to increase the current resource tonnage and grade.
Shares in Argent were down 12.5 per cent on market close and trading at 2.8 cents each.