Argent Minerals (ASX:ARD) plans to launch further reconnaissance geochemical sampling over the Henry Zone, as part of its Kempfield Polymetallic Project in New South Wales.
Managing Director Pedro Kastellorizos says the reconnaissance work will begin between late February and early March 2024, with a view to delineate drill targets based on the surface geochemistry.
The $10.33 million market capitalisation company reports a recent rock chip sampling program over the Henry Zone has validated the outcropping gold-silver-copper-lead-zinc (Au-Ag-Cu-Pb-Zn) mineralisation outside the defined resource.
‘High-grade’ polymetallic assays returned up to 14.05 grams per tonne (g/t) Au, 85.2g/t Ag, 0.5% Cu, 0.41% Pb, and 0.28% Zn.
Kastellorizos says: “The high-grade rock chips are hosted within metasedimentary and volcanic rocks which lies approximately 2km east from the current Kempfield deposit. The Au-Ag-Cu-Pb-Zn mineralisation now extends over 1,000m in length by 350m in width based on the 2024 geochemical assay results.”
Today (21 February 2024), Argent Minerals’ share price had climbed 12.50% to $0.009 as of 11.45am AEDT.
The Henry prospect lies 2km east from the main Kempfield deposit, within a mineralised 1,000m by 350m zone. The company says this area remains open to the northeast and southwest.
Argent Minerals is an Australian mineral explorer focused on the discovery, extraction, and marketing of precious and base metals.
As of 31 December 2023, the company had $1.976 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Argent Minerals
