Assays from a second rock chip sampling program have provided Argent Minerals (ASX:ARD) further confirmation of outcropping silver-copper-lead-zinc mineralisation outside the defined resource at Kempfield.
Argent Managing Director Pedro Kastellorizos says further surface assay results have confirmed new mineralised gossans within the Kempfield NW Mineralised Zone, with the new zones host to the same geology and geochemical signatures as the main deposit.
The $22 million market capitalisation company says the Ag-Cu-Pb-Zn mineralised trend remains completely untested by drilling at its 100% owned Kempfield polymetallic project in New South Wales.
The company is currently pending drilling approvals from the New South Wales regulator to begin the first maiden drill program over this mineralised extension.
A further 54 geochemical assay results are still pending from Sugarloaf Hill and Pine Ridge.
The Kempfield NW Mineralised Zone is a major extension from the main deposit, which was discovered in March 2024 through surface sampling along strike from the Lode 300 Mineralised Block. Lode 300 contains 5.1 million ounces Ag @ 102 grams per tonne AgEq, totalling 16.2Moz silver equivalent resource.
Based on the defined mineralised dimensions, the strike of the mineralised zones surpasses the existing Kempfield JORC resource area, which Kastellorizos notes elevates Kempfield’s exploration upside.
“We plan to drill these newly defined mineralised zones in 2024 once all regulatory approvals have been granted to Argent,” he says.
On the 27 March 2024, Argent announced the discovery of two main mineralised extensions from the Kempfield deposit along strike from the Lode 300 Block. Assay results received from the Kempfield NW Zone included silver assays up to 177g/t Ag, 1.89% Pb, and 1.21% Zn.
Write to Adam Orlando at Mining.com.au
Image: Argent Minerals
