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Argent Minerals Ltd.
Summary
| Project: | Pine Ridge | |
|---|---|---|
| Deposit: | Pine Ridge | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2019: Argent Minerals Ltd. announces an Exploration/Drilling Update report for its Pine Ridge deposit at the Pine Ridge project. Drilling results incl. 19.0m @ 3.2g/t Au from 98.4m. The diamond drilling results from Pine Ridge confirm that the gold de | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Clifton Todd McGilvray (Internal) | |
| ABSTRACT: | The diamond drilling results from Pine Ridge confirm that the gold deposit has strong similarities to the economic 2.31 Moz McPhillamys gold deposit situated 50 kilometres to the north, where a 2.03 Moz Ore Reserve has been reported by $2.5 billion market-capitalised Regis Resources Ltd (ASX:RRL). The drilling confirms the Company’s 16 October 2018 analysis that the gold mineralisation is hosted by mafic volcanics, which are distributed over a much wider area. This is in contrast with the historic view limited to quartz vein-associated gold, and substantially expands the exploration search area. Broad intercepts of gold mineralisation were discovered, and this does not exclude future high-grade intersections associated with quartz veins (eg. visual gold discovery). The broad drilling results are characteristic of the McPhillamys deposit, potentially benefiting open-pit economics with a lower strip ratio. Highlights of the remainder of the significant intersections are reported in hole ID order as follows | |
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