Pic: Via Getty
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Special Report: Extensive gold, silver, copper, lead, and zinc discoveries confirmed by recent rock chip sampling programs could bolster Argent Minerals’ already substantial 127.5Moz equivalent silver bounty at the Kempfield project in NSW.
As silver prices soar, Argent Minerals (ASX:ARD) is one of the few stocks on the ASX with decent exposure via its advanced Kempfield gold-silver-base metal project in NSW.
The stock has already begun to respond to the buoyant market, up ~90% since the start of the month.
Kempfield contains 42.8Moz silver, 149,000oz gold, 181,016t lead and 426,900t zinc, confirming it as one of NSW’s largest silver deposits.
But this existing resource is not closed off. Meanwhile, there are big targets nearby which remain untested.
Extensive gold, silver, copper, lead and zinc mineralisation has now been confirmed by a second rock chip reconnaissance program over the historical Henry and Golden Wattle prospects, a proverbial stone’s throw from the existing resource.
Henry, 2km east from main Kempfield deposit, has been defined as two separate mineralised zones – the largest zone striking approx. 1km x 160m – which remain open.
Golden Wattle, 2.6km east from Kempfield and 850m northwest of
the Mt Dudley gold resource, contains two mineralised zones with the mineralised trend spanning over 500m strike length within a 50m wide zone.
Again, it remains open, which means ARD hasn’t found the edges yet.
Highlights from the newest rock chip sampling program include gold assays up to 23g/t gold (Au), 25g/t, silver (Ag), 0.26% copper (Cu), 0.88% lead (Pb) and 0.12% zinc (Zn).
The results provide further confirmation of outcropping gold-silver-copper-lead-zinc mineralisation outside the defined resource at Kempfield, ARD managing director Pedro Kastellorizos says.
“The reconnaissance sampling programs were designed to identify new mineralisation zones
outside the Kempfield mineral resource and has delivered results exceeding our expectations,” he says.
“We are delighted to see the continuation of the widespread, high-grade mineralisation with the latest surface assays, east of the main Kempfield deposit, returning high-grade gold results closely associated with silver mineralisation.
“The latest results confirm that the mineralised footprint at Kempfield continues to expand
with these zones hosting the same geology and geochemical signatures as the main mineralisation over the Kempfield deposit.”
ARD is undertaking analysis of the results to identify the priority follow-up drill targets, with plans to drill test the newly defined mineralised zones in 2024, once all regulatory approvals have been granted.
This article was developed in collaboration with Argent Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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