All 12 RC holes completed at Argent Minerals’ Kempfield have intersected high-grade silver, base metals outside resource
Drilling hit shallow, broad zones of silver-lead-zinc up to 88m thick, from surface
More targets to be systematically drill-tested throughout 2024
Special Report: Shallow, high-grade drill hits up to 88m thick could boost Argent Minerals’ already substantial 127.5Moz equivalent silver bounty at the Kempfield project in NSW.
Silver is on a heater, with prices rising from US$24/oz at the beginning of the year to ~US$27.
Argent Minerals’ (ASX:ARD) is one of only a handful of ASX stocks with decent exposure to the exciting thematic via its advanced Kempfield project, already one of NSW’s largest silver deposits.
Kempfield’s sizeable 38.9Mt at 102g/t silver equivalent resource for 127.5Moz deposit includes 42.8Moz silver, 149,200oz gold, 181,016t lead, and 426,900t zinc.
But the deposit remains open, which is why the company embarked on a 12 hole drill blitz to test a bunch of nearby targets.
Nine of these holes tested for mineralised extensions from the Lode 200 Block, while three holes drill tested open sections between the Lodes 100 and 200 mineralised blocks.
Big silver in all 12 holes
All twelve drill holes completed over Kempfield intersected shallow, broad thick high-grade zones of silver-lead-zinc mineralisation up to 88m thick from surface from the Western Lode area, and 29m thick northeast of the Lode 200 resource area.
Highlights include:
23m @ 34.41 g/t Ag from 22m;
29m @ 34.09 g/t Ag, 0.14% Pb & 0.41% Zn (0.55% Pb+Zn) from 50m;
25m @ 31.09 g/t Ag & 0.25% Zn from 11m; and
88m @ 25.23 g/t Ag, 0.10% Pb & 0.08% Zn from 2m.
The new hits confirm what ARD had suspected – high grades over extensive intervals in a system that is open at depth and along strike.
The latest round of drill results at Kempfield showing thick base metals mineralisation. Pic supplied: (ARD)
ARD MD Pedro Kastellorizos says the newly defined high-grade silver-base metal zones demonstrate a strong continuation of mineralised extensions within the Lode 200 Block.
“These zones of mineralisation have identified that the lateral and vertical depth of the overall mineralised lode system is trending in a north-east direction towards the 16.2Moz silver equivalent Lode 300 Block,” Kastellorizos says.
“The assay results further reinforce the significant upside potential of the Kempfield Project as we continue to expand the mineralised footprint.
“The drilling has confirmed further high grades over extensive intervals, but also new zones of higher-grade mineralisation outside of the JORC Resource area.
“In addition to the significant advancements made at Kempfield, the delineation of the Kempfield NE, Sugarloaf Hill, Henry’s and Golden Wattle prospects within our project portfolio now represent significant high-grade surface gold and base metals targets which will be systematically drill-tested during the course of 2024.”
This article was developed in collaboration with Argent Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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