Argent (ASX:ARD) samples a spread of large-scale NSW silver
March 27, 2024Argent Minerals’ rock results have unturned two large, mineralised extensions of the starring deposit at its Kempfield Polymetallic project in New South Wales.
The two extensions were discovered along strike from the Lode 300 Mineralised Block which measures 650 metres of strike, 150m of width and holds a 65.1-million-ounce silver-equivalent resource.
The newly discovered Kempfield Northwest mineralised zone has an average width of 100m and laps the main block with 1.72 kilometres of length and holds three distinct silver-lead-zinc zones which remain untouched by the drill.
And the northeast stands about 1km along strike with an average width of 170m, remains open away from the main deposit, and likewise holds three distinct mineralised zones.
Argent Managing Director Pedro Kastellorizos said the exciting new zones hosted the same geology and geochemical signatures as the main mineralisation over the Kempfield deposit.
“Based on the defined mineralised dimensions, the strike of the mineralised zones surpasses the existing Kempfield JORC resource area, elevating Kempfield’s exploration upside,” he said.
“We plan to drill these newly defined mineralised zones in 2024 once all regulatory approvals have been granted to Argent.”
With 42.8 million ounces of silver, 149.2 thousand oz of gold, 181,016 tonnes of lead and 426,900t zinc, Kempfield has been well established as one of the largest silver deposits in NSW.
The long-established plan for Argent’s flagship was to add the necessary tonnage and advance its New South Wales State Significant Development asset towards production.
Most of the resource is indicated, and in terms of mining, strip ratios, and economics, the company is bullish that Kempfield is a project which could be easily and quickly put to production when the time comes.
But it appears that time is not yet here, and Argent looks toward making more discoveries and further building the resource base before a move to mining at Kempfield.
Assays are now in the queue for another 185 samples collected over the identified mineralised trends at Surgarloaf, Henry’s and Golden Wattle.
Significant results
Kempfield NW Zone
- 177g/t Ag (5.7oz Ag/t), 1.89% Pb & 0.16% Zn
- 115g/t Ag (3.7oz Ag/t) & 0.33% Pb
- 104g/t Ag (3.44oz Ag/t)
- 97.9g/t Ag (3.15oz Ag/t), 1.16% Pb & 0.11% Zn
- 34.4g/t Ag, 0.11% Cu, 0.21% Pb & 0.69% Zn
- 1.88g/t Ag & 1.21% Zn
Kempfield NE Zone
- 41g/t Ag & 0.22% Zn
- 36g/t Ag & 0.25% Zn
- 30.2g/t Ag & 0.13% Zn
- 14.85g/t Ag
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