Argent Minerals Unveils Significant Discovery at Kempfield Polymetallic Project

Argent Minerals Ltd’s (ASX: ARD) recently announced breakthrough discovery through rock chip sampling at the Kempfield Polymetallic Gold-Silver-Lead-Zinc Project in New South Wales has implications for the resource upside potential.

The surface assay results have revealed two substantial mineralisation extensions at the Kempfield Deposit, situated southeast of Orange in New South Wales.

This marks a significant stride in the project’s development at the historical Kempfield Open Cut mine site.

Notable Discoveries

The exploration has defined three distinct silver-lead-zinc mineralised zones within a vast 1.72km area, hitherto untested by drilling.

Noteworthy assay results from surface rock chips collected from the Kempfield NW Zone include silver assays peaking at 177 g/t silver, accompanied by 1.89% lead and 1.21% zinc.

Additionally, the Kempfield NE Mineralised Zone, extending 1 km along strike with an average width of 170m, exhibited promising results with silver assays reaching up to 41 g/t Ag, 36 g/t Ag, and 0.25% Zn.

These discoveries are strategically positioned along the strike from the Lode 300 Mineralised Block, boasting a substantial resource of 5.1 million silver ounces at 102g/t silver equivalent, contributing to a total resource of 65.1 million ounces of silver equivalent.

Argent Minerals maintains full ownership of the Kempfield Polymetallic Gold-Silver-Lead-Zinc Project, which currently hosts a total resource of 38.9 million tonnes at 102g/t silver equivalent, comprising 42.8 million silver ounces, 149,200 gold ounces, 181,016 tonnes of lead, and 426,900 tonnes of zinc.

Expanding Horizons: Lode 300 Dimensions

Lode 300, spanning 650 meters in strike and 150 meters in width, has further expanded with the discovery of the Kempfield NW Mineralised Zone, extending 1.72 kilometres along the strike with an average width of 100 metres.

This mineralisation is nestled within a gossanous barite lithology, with the zone exhibiting openness to the west and northeast.

Implications of the Findings

These newly discovered zones exhibit similar geological and geochemical signatures to the main mineralisation within the Kempfield Deposit, hinting at substantial continuity and potential for further resource expansion.

The defined mineralised zones surpass the existing resource area, underscoring further exploration upside.

Further Exploration and Results

Argent Minerals intends to proceed with drilling the newly defined mineralised zones in 2024, contingent upon regulatory approvals.

Furthermore, the company anticipates assay results from an additional 185 rock-chip geochemical samples collected during the Kempfield reconnaissance program, covering the Sugarloaf, Henry’s, and Golden Wattle mineralised trends, further enhancing the project’s prospectivity.

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