December 2015 Quarter Activities and Cashflow Report
Sydney, Jan 20, 2016 AEST (ABN Newswire) - Argent Minerals Limited (
ASX:ARD) (Argent, or the Company) is pleased to report on its performance for the quarter ended 31 December 2015.
Excellent preliminary results have been achieved early in the planned 7 hole 3,200 metre Kempfield diamond drilling program that commenced on 21 October 2015.
On 22 December 2015 Argent announced significant intersections for holes AKDD181 and AKDD180.
Hole AKDD181 intersected very high grade gold, including 1 m @ 1,065 g/t Au from 97 metres, and both holes intersected copper values, including 1.8 m @ 1.21 % Cu from 136 metres by hole AKDD181.
Potentially significant implications for the Kempfield project
The implications of these preliminary results are potentially very significant for the Kempfield project in terms of the extent of the mineralisation (or the 'size of the prize'), mineral composition and grade potential.
The Company is continuing to analyse the intersected geochemistry in order to evaluate the potential impact of these results on the scope of the Kempfield project, the potential positions of additional new mineralisation lenses, and to optimise the remainder of the planned 3,200 metre drilling.
Drilling is anticipated to recommence during the first half of February 2016 following completion of this analysis and drill hole design.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ARD-749571.pdf
About Argent Minerals Limited
Argent Minerals Limited (
ASX:ARD) is an Australian publicly listed company with a 100% interest in a silver/gold project at Kempfield NSW. Work is underway on the preparation of an EIS and a feasibility study for the first stage of the project which will involve heap leaching some 8.8 million tonnes of mainly oxide and transitional material to produce over 9.5 million ounces of silver and 15,000 ounces of gold over a 5 year mine life. Argent is also earning up to a 70% interest in two other NSW projects - gold at West Wyalong and base metals at Sunny Corner.
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