Argent Minerals (ASX:ARD) has received aeromagnetic and radiometric survey results, outlining the identification of potential copper, rare earths, and base metals targets across the Copperhead Project in Western Australia.
Several northwest-southwest striking faults were uncovered that are similar to the Money Intrusion Dyke, which hosts nickel-copper-platinum group elements (Ni-Cu-PGE) occurrences to the southeast of the project.
The $14.14 million market capitalisation company says these occurrences are being explored by Dreadnought Resources (ASX:DRE).
Argent also reports 17 extensive copper anomalies were defined from examination of the magnetic, radiometric, and widespace airborne electromagnetics, in comparison to the historical copper occurrences and recent rock chip sampling.
The survey results also outlined 8 prospective rare earth anomalies have been defined. These are all radiometric anomalies, associated with magnetic responses representing potential ironstone dykes or ironstones.
Argent says the survey has ‘greatly improved’ the magnetic and radiometric solution within the Copperhead Project area.
Survey results indicate the known copper occurrences are not generally associated with magnetic anomalies, however, Argent notes they always appear to be preferentially located within or bounded by the Discovery and Kiangi Creek Formations, which provides a distinct radiometric response.
All targets are planned to be further investigated by ground, helicopter-supported exploration activities in the coming weeks.
“Based on the new findings from the geophysics program, we have now refined our targets based on geophysics, geochemistry, geology, and structural interpretation“
The company is seeking to expand the copper and rare earth footprint by surface rock chip testing over all defined anomalies and confirming the uranium anomalism associated with copper mineralisation.
Commenting on the recent survey results, Argent Minerals Managing Director Pedro Kastellorizos says: “Based on the new findings from the geophysics program, we have now refined our targets based on geophysics, geochemistry, geology, and structural interpretation.
The results have further expanded and upgraded the prospectivity which further supports on-going ground exploration to systematically explore these areas.
During our next ground exploration program, we will complete further testing on the different styles of mineralisation varying from SEDEX deposits, sediment-hosted stratiform copper deposits and LCT style lithium-tantalum mineralisation throughout our project areas.”
The Copperhead Project is located northeast of Carnarvon in the Gascoyne Region of Western Australia.
Argent Minerals is an ASX-listed explorer focused on the discovery, extraction, and marketing of precious and base metals. As of 30 June 2023, the company had $1.97 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Argent Minerals