Argent posts sweet Sugarloaf results

Argent Minerals (ASX:ARD) is lining up further reconnaissance geochemical sampling over the Sugarloaf Hill prospect, as part of its wholly owned Kempfield Polymetallic Project in New South Wales. 

The $10.33 million market capitalisation company says further sampling will be undertaken in late February and March 2024 with a view to delineate drill targets based on the surface geochemistry. 

Argent is pursuing further geochemical sampling after uncovering ‘extensive’ silver, lead, and zinc mineralisation by a rock chip reconnaissance program at Sugarloaf Hill. 

Results demonstrate silver grades up to 98.1 grams per tonne (g/t), lead grades up to 0.68%, and 0.35% zinc. A further 185 rock chip geochemical samples have been collected during the Kempfield reconnaissance program with assays pending. 

Sugarloaf Hill sits 480m southeast from the main Kempfield deposit within a mineralised 580m by 200m zone, which remains open to the northeast, and is potentially distal extension of the Kempfield Polymetallic deposit. 

Managing Director Pedro Kastellorizos says: “The high-grade silver rock chips are hosted within extensive baritic rocks over the Sugarloaf Hill area which lies approximately 480m south-east from the current Kempfield deposit. 

The main mineralisation over the Kempfield Deposit is hosted in stratiform barite-rich horizons similar to the geology over Sugarloaf Hill prospect area. The Ag-Pb-Zn mineralisation now extends over 580m in length by 200m in width based on the 2024 geochemical assay results. To date, the silver grades have been the highest received over the Kempfield Project outside the current resource area.”

Argent also notes a versatile time domain electromagnetic (VTEM) anomaly remains completely untested by drilling within the bariatric lithology, potentially representing sulphide mineralisation at depth. 

Argent Minerals is an explorer focused on precious and base metals in New South Wales, Western Australia, and Tasmania. Currently, the company has a total ground expenditure of 2,876km-square across all 3 states. 

The company’s Kempfield Projects sit about 250km west of Sydney and is flagged as a New South Wales State of Significant Development Project.

Write to Adam Drought at Mining.com.au

Images: Argent Minerals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.