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Argent Minerals Ltd.
Summary
| Project: | Kempfield | |
|---|---|---|
| Deposit: | Kempfield | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold-Silver | |
| Date: | 10/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2016: Argent Minerals Ltd. announces an Exploration/Drilling Update report for its Kempfield deposit at the Kempfield project. Drilling results incl. 31.1m @ 29g/t Ag from 174.4m. Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased | |
| Resources: | (Resources, total.): 21.8 Mt @ 75g/t AgEq for 52Moz AgEq contained | |
| CP/QP: | [Overall Report]: Clifton Todd McGilvray (Internal) | |
| ABSTRACT: | Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to report exploration results for the 2016 diamond drilling program completed at the Company’s flagship project at Kempfield, NSW. Strategically designed to test the Kempfield stratigraphy, the 11 hole diamond drilling program produced 3,167 metres of drill core containing vast amounts of information that is significant to understanding the Kempfield deposit for further exploration success. Intensive detailed analyses have been performed on the entire drill core, and will continue, with the results at this juncture representing a significant milestone in the exploration of the Kempfield VHMS system. The significant advances reported in this announcement have taken the understanding of the deposit to a new, far more detailed, higher level than that afforded by the minimal information made available by historical RC drilling. Vital to the exploration of volcanic-hosted massive sulphide (VHMS) systems is the identification of the specific host rock horizons or geological features that control mineralisation, and their arrangement. The litho-stratigraphy has now been defined at the Kempfield deposit and four key host horizons have been identified. Horizons A, B, C and D have been identified within stratigraphy that dips approximately 700 -800 to the west and youngs to the east1 . The identification of the lithology and host horizons represents a major breakthrough for the project, leading to highly efficient drill targeting of high grade precious and base metals at Kempfield. Figure 1 is a simplified geological plan view illustrating the dominant lithology and identified VHMS host horizons projected to surface, together with outlines of the three mineralisation zones of the known deposit and the 11 recently drilled holes. | |
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