Argent Minerals Awaits Assay Results Beyond Kempfield’s 42.8Moz Silver Resource

Argent Minerals Ltd (ASX: ARD) has completed a 12-hole reverse circulation drilling program at the Kempfield Polymetallic Project in New South Wales.

Drilling was designed to test the extent of shallow silver mineralisation within the Gap Zone and the Southern Lode 200 area.

780 drill samples have been submitted to ALS in Orange for geochemical analysis.

All drill holes have been collared outside the current Kempfield JORC Resource area, and results could fuel future resource growth.

Significant scale

Argent maintains full ownership of Kempfield, one of the largest silver deposits in the state.

The project currently hosts a total resource of 38.9 million tonnes at 102g/t silver equivalent.

This comprises 42.8 million silver ounces, 149,200 gold ounces, 181,016 tonnes of lead, and 426,900 tonnes of zinc.

Kempfield is registered as a New South Wales State Significant Development Project.

Silver is trading near three-year highs of US$28.30 an ounce.

Strategically located

Kempfield is situated in the Lachlan Orogen, a richly mineralised geological terrane that extends from northern Queensland, New South Wales and through Victoria into Tasmania.

Lachlan Orogen hosts of the largest underground gold mines in the Southern Hemisphere, Newcrest’s Cadia Valley Operations.

Newmont Corporation Ltd (ASX:NEM) acquired Newcrest Mining in November 2023.

Geology

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 is known as the Eastern Australian Palaeozoic VHMS Deposits.

Included are Rosebery, Que River, Hellyer, Mt. Lyell, Sunny Corner, McPhillamys, Woodlawn, Captains Flat and Thalanga.

 

 

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