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Argent Minerals advances three projects in tandem as news flow set to increase

Published: 21:00 17 Aug 2017 EDT

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News flow is set to increase

Argent Minerals Ltd (ASX:ARD) has a portfolio of three highly prospective projects which have all been awarded merit-based New South Wales Government funding.

All projects are leading towards key news flow, providing potential key catalysts for the company.

Loch Lilly

At the Loch Lilly project, Argent will earn an initial 51% of up to a 90% interest on the completion of a two-hole diamond drilling program.

The Netley target drill hole has been completed and core logging is nearing completion, with sampling having commenced.

Argent noted that more than 50% of the Netley drill core to be assayed based on visual observations.

Drilling has now commenced at the second target, Eaglehawk.

West Wyalong

Argent's interest has now increased to 76.7%, as drill core petrography and other advanced lab analysis continues for 3D modelling of the recent drilling.

Recent drill results confirm the intersection of multiple intrusives over a 2.5 kilometre strike length and 1.5 kilometre width, with elevated gold, copper and molybdenum as signature features of mineralised porphyry systems.

Kempfield

Argent is currently completing a substantial update of the Kempfield deposit Micromine model, incorporating the refined lithostratigraphic and host horizon model developed through the 2016/17 extensional drilling programs, as well as the detailed 36 element geochemical database provided by the assays.

A resource infill reverse circulation drilling program, designed from the updated Micromine model, will focus on establishing the maximum possible continuity of mineralisation within a hypothetical open cut mining area covering the potential lateral and depth extensions.

Kempfield currently hosts a 52 million silver ounce equivalent.

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