Argent shares rocket on Kempfield mineralised zone find

Argent Minerals (ASX:ARD) shares have soared 17.647% to $0.020 after uncovering zones of silver-lead-zinc mineralisation up to 88m thick from surface at the Kempfield deposit.

The $21.95 million market capitalisation company says the 12 reverse circulation holes drilled demonstrate peak silver grades up to 34.41 grams per tonne in the Lode 200 northeastern extension, and 76.47g/t in the western zone. 

Results have also delineated new continuous silver-zinc-lead mineralisation from the Lode 200 Block zone of over 450m within a northeast direction. Lode 200 Block has a total strike length of 1.35km.  

Drilling was completed in March 2024 and was planned to extend and define new silver-lead-zinc mineralisation zones from the Lode 200 mineralised block and to drill the western zone of Lode 200. 

Managing Director Pedro Kastellorizos says the assays reinforce the upside potential of the Kempfield project as the company continues to expand the mineralised footprint.  

“The newly defined high-grade silver-base metal zones demonstrate a strong continuation of mineralised extensions along strike and at depth within the Lode 200 Mineralised Block,” he says. 

“These zones of mineralisation have identified that the lateral and vertical depth of the overall mineralised lode system is trending in a northeast direction towards the 16.2 Moz silver equivalent Lode 300 Mineralised Block.

The drilling has confirmed further high grades over extensive intervals, but also new zones of higher-grade mineralisation outside of the JORC Resource area. 

In addition to the significant advancements made at Kempfield, the delineation of the Kempfield NE, Sugarloaf Hill, Henry’s and Golden Wattle prospects within our project portfolio now represent significant high-grade surface gold-silver-lead-zinc targets which will be systematically drill tested during the course of 2024.” 

The Kempfield deposit lies in the Lachlan Orogen in New South Wales. 

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.