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Argent Minerals Ltd.
Summary
| Project: | West Wyalong | |
|---|---|---|
| Deposit: | West Wyalong | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Molybdenum | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2017: Argent Minerals Ltd. announces an Exploration/Drilling Update report for its West Wyalong deposit at the West Wyalong project. Drilling results incl. 24.1m @ 0.11g/t Au, 0.25% Cu, 214ppm Mo from 161.4m. Argent Minerals Limited (ASX: ARD, Argent, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Clifton Todd McGilvray (Internal) | |
| ABSTRACT: | Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to report the completion of a highly successful maiden diamond drilling program at the West Wyalong project. DRILLING RESULTS Multiple porphyritic intrusives have been intersected over a strike length of 2.5 kilometres, which are associated with elevated chalcopyrite, molybdenite and gold mineralisation, and extensive zones of sulphide mineralisation – together being signature features of porphyry copper-gold-molybdenum mineralised systems. The intensity of copper-gold-molybdenum anomalism increases from the northernmost hole AWT001 to the south towards AWT002. Assays for holes AWT003 to AWT006 which extend further to the south from AWT002 are pending. Figure 1 is a plan view illustrating the locations of the holes and the geophysical anomalies that the drilling programme was designed to test. Visual observations of the alteration and mineral assemblages in the drill core, along with voluminous brecciated magnetite skarn and concentrated vein molybdenite and chalcopyrite, indicate that the drilling is near to either a main mineralised body or a series of mineralised bodies. Within all holes now drilled and logged in detail, widespread alteration ranges from hypabyssal calc-silicate (potassic/propylitic) alteration and magnetite skarn seen dominantly at Theia, to phyllic and argillic alteration typical of epithermal environments seen dominantly at Narragudgil. Extensive diffuse banded and disseminated pyrite has been observed in the overlying mafic volcanic package, along with disseminated pyrite throughout certain porphyritic intrusives. Most of the drill core has been included for sampling and assay to adequately test for gold and minor copper mineralisation, which is typically not visible in drill core from porphyry systems. | |
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