Argent releases base metal drill results
Argent Minerals (ASX:ARD) has released drilling results from an exploration program undertaken at its Kempfield project in New South Wales. Located in a broader region that hosts high profile precious and base metal projects, the results released on Wednesday demonstrate zinc, lead, silver and gold mineralisation in the Henry Zone.
ARD identified five separate mineralised intervals with a total combined length of 45.9 metres. Perhaps of more importance though was the identification of geological trends which suggest there is continuity of mineralisation from the Henry Zone north to the Kempfield Polymetallic Project which has a substantial mineral resource already established.
Kempfield has established mineral resource
The Kempfield mineral resource consists of 21.8 million tonnes and 52 million ounces of silver equivalent contained metal that was upgraded to JORC 2012 standard in May 2014.
This upgrade reflects both the quality of the mineral resource itself and the high standard of Argent Minerals work on the project, laying the foundation for further regional exploration.
Drilling has intersected combined lead/zinc grades of up to 17.9% immediately to the west of the existing mineral resource, and numerous high grade gold intervals including a promising gold intersection of 1 metre grading 1065 grams per tonne have been recorded.
As can be seen below, the Kempfield project is located in an area that has yielded prolific returns across both precious and base metals.
With big players such as Evolution Mining, Newcrest Mining and Regis Resources owning extensive holdings in relatively close proximity, management is justified in being confident of exploration success.
More specifically, Newcrest’s Cadia copper-gold deposit lies only 40 kilometres to the north of Kempfield. In fiscal 2016 the Cadia Valley operations produced nearly 670,000 ounces of gold and 64,000 tonnes of copper.
Over 9 million ounces of gold has been produced from Newcrest’s Cadia Valley operations since commercial production started in 1999.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.