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Argent Minerals Ltd.
Summary
| Project: | Kempfield | |
|---|---|---|
| Deposit: | Kempfield | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: Argent Minerals Ltd. announces a Resource Estimation report for its Kempfield deposit at the Kempfield project. (Exploration Target): 0.3Mt - 1Mt @ 1.3% - 2.1% ZnEq. An Exploration Target is a statement or estimate of the exploration potential o | |
| Resources: | (Resource, Total): 26.0Mt @ 40g/t Ag, 0.12g/t Au, 0.46% Pb, 1.0% Zn | |
| CP/QP: | [Overall Report]: Arnold van der Heyden (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade, relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate an additional Mineral Resource and it is uncertain if further exploration will result in the estimation of an additional Mineral Resource. Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to report a significant upward revision to the Kempfield Exploration Target estimate, which the Company believes opens up a new potential development scenario as a large scale zinc-silver-lead-gold project. A significant Kempfield Mineral Resource update was announced on 30 May 2018: 100 million contained silver equivalent (Ag Eq) ounces at 120 g/t Ag Eq / 520,000 tonnes contained zinc equivalent (Zn Eq) at 2.0% Zn Eq. The Company has revised Exploration Target estimate for additional mineralisation potential to The substantial Exploration Target revision is a direct result of the successful separation of the primary feed material into potentially marketable commercial grade zinc and lead concentrates, which also contain silver and gold. The Exploration Target has been re-estimated to incorporate the impact of the metallurgical breakthroughs and updated market pricing on the basis of the new contained metals equivalence formula and primary material cut-off grade announced on 30 May 2018. | |
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