- Argent Minerals (ARD) plans a reverse circulation drilling program at its flagship Kempfield polymetallic project in New South Wales
- Subject to favourable weather conditions, the company is looking to carry out a 2500 metre drilling program to increase the known tonnage and grade of the resource
- A review of historical data and re-interpretation of geophysics has assisted in generating drill targets across structures that control the polymetallic mineralisation
- From the historical data, Managing Director Pedro Kastellorizos says there is significant exploration potential over the Kempfield project area
- Argent Minerals shares have ended the day trading grey at 1.5 cents
Argent Minerals (ARD) has planned a reverse circulation drilling program at its flagship Kempfield polymetallic project in New South Wales.
The asset is situated in the Lachlan Orogen which hosts Newcrest Mining’s (NCM) Cadia Valley gold operations as well as other copper-gold and gold deposits.
Subject to favourable weather conditions, the company is looking to carry out a 2500-metre drilling program in October or November, to increase the known tonnage and grade of the resource.
Targets have been mapped out across high resistivity and chargeability zones defined through ground induced polarisation interpretation.
Managing Director Pedro Kastellorizos said these zones have “excellent” potential for hosting polymetallic mineralisation.
Argent also completed a detailed review of historical drilling results which improved targeting locations of structures that control polymetallic mineralisation.
From the historical data, Mr Kastellorizos said the company sees significant exploration potential over the Kempfield project area.
“By completing this process, we have advanced the company’s strategy by identifying priority target areas which have the potential for delineating undiscovered mineralisation,” he said.
Argent Minerals shares ended the day trading grey at 1.5 cents.