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Argent Minerals Ltd.

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Summary

Project:

West Wyalong

Deposit:West Wyalong
Location:Australia
Commodities:Gold-Copper-Molybdenum
Date:7/27/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-7-2017: Argent Minerals Ltd. announces an Exploration/Drilling Update report for its West Wyalong deposit at the West Wyalong project. Drilling results incl. 11m @ 0.15g/t Au, 0.17% Cu, 12ppm Mo from 43.2m. Argent Minerals Limited (ASX: ARD, Argent, or
Resources:x
CP/QP:[Overall Report]: Clifton Todd McGilvray (Internal)
ABSTRACT:Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to report final exploration results for holes AWT005 and AWN001 – continuing the successful milestones achieved by the recently completed West Wyalong diamond drilling programme. The assays for holes AWT005 and AWN001, together with drill core visual observations, reveal increased evidence of a near position to a main porphyry copper-gold-molybdenum deposit and consistent evidence of a fertile gold-copper-molybdenum system. The assays indicate that copper, gold and molybdenum anomalism continues for 2.5 kilometres from AWT001 to AWT005. Copper, gold and molybdenum anomalism continues eastward for 1.5 kilometres towards AWN001 and now delineates a prospective area of 4 square kilometres. Narrow higher grade intervals and broad elevated intervals of copper and gold anomalism have the potential to continue towards AWN001 and may represent either a continuation of the Theia mineral system or an additional porphyry system. Visual observations of the alteration and mineral assemblages in the drill core, along with voluminous brecciated magnetite skarn and concentrated vein molybdenite, chalcopyrite and gold, continue to indicate that the drilling programme holes are near to a main mineralised body or a series of mineralised bodies. Multiple porphyritic intrusives have been intersected over a trend of 2.5 kilometres and a width of 1.5 kilometres, which are associated with elevated chalcopyrite, molybdenite and gold mineralisation, and extensive zones of sulphide mineralisation – together being signature features of porphyry copper-goldmolybdenum mineralised systems.

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