www.argentminerals.com.au
Argent Minerals (ASX: ARD) has entered into the farm-in and joint venture agreements with Golden Cross Operations (ASX: GCO) over the Argent Minerals Properties. The Kempfield Tenements, Sunny Corner Tenements and West Wyalong Tenements, collectively known as the Argent Minerals Properties, are located in New South Wales within the well mineralized Lachlan Fold Belt.
Argent has earned a 70% interest in the Company’s major project, Kempfield. A Definitive Feasibility Study into a project to produce 20 million ounces of silver, 34,000 ounces of gold and over 100,000 tonnes of lead and zinc is underway following the positive results of a Scoping Study.
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Current Operations:
Farm-in and Joint Venture Agreements
Argent has entered into Farm-in and Joint Venture Agreements with Golden Cross Operations Pty Ltd a wholly owned subsidiary of Golden Cross Resources Limited (ASX:GCO) under which Argent may earn up to a 70% interest in each tenement-see the description of each project for details.
Argent has earned a 70% interest in the Company’s major project, Kempfield. A Definitive Feasibility Study into a project to produce 20 million ounces of silver, 34,000 ounces of gold and over 100,000 tonnes of lead and zinc is underway following the positive results of a Scoping Study released to the market in April 2010.
Management
Kerry McHugh B.Com (Hons)
Executive Chairman
Kerry brings a diverse in-depth commercial knowledge to the Board of Argent. He is currently a Non-executive Director of Golden Cross Resources.
Prior to this Kerry was part of the senior management team that grew Plutonic Resources Limited from a market capitalization of approximately $100 million in 1990 to over $1billion in 1998.
As the General Manager of Business Development at Plutonic, Kerry had responsibility for identifying, undertaking and integrating acquisitions, most notably that of the Forsyth group of companies with their five operating gold mines. Kerry was also closely involved in major equity raisings, other corporate issues and strategic planning.
At Pioneer International Limited (1987-1990) he held a strategic planning role and was involved in acquisitions in the building products area. He successfully managed the sale of Pioneer's diverse portfolio of mining assets, including the sale of the Narbalek U3O8 stockpile and the Cable Sands companies.
Prior to 1987 he held various positions in the Commonwealth Public Service, including Senior Executive Service positions in the Department of Primary Industry and Energy and its predecessors.
Marcus Michael CA, B.Bus
Executive Director and Company Secretary
Marcus has been involved with private equity consulting, capital and debt funding and corporate reconstruction since 1990. He is a Director of Marshall Michael Pty Ltd, Chartered Accountants, located in West Perth and was the Managing Director from 1994 to 2005.
He has provided consulting services to public and private entities across a broad range of industries including engineering, resources, healthcare, retail and agriculture.
Marcus graduated from Curtin University in 1990 and has been a member of the Institute of Chartered Accountants since 1994.
Stephen Gemell
Non-Executive Director
Steve Gemell has more than 35 years experience in the Australasian and global mining industry. He has been Principal of Gemell Mining Engineers, an independent multi-discipline consultancy, since its formation in Kalgoorlie in 1984.
His experience includes operational management in underground and open pit mining and supervision of CIP/CIL, flotation and alluvial plants. He has held executive and non-executive directorships in listed mining companies and is currently a non-executive Director of Eastern Iron Limited and Uranium Exploration Australia Limited.
David Timms B.Sc (Hons), FAIG, FAUSIMM
Technical Consultant to the Board
David was the founder and Managing Director of Golden Cross Resources Ltd from 1994 to 2006 and is a highly experienced minerals exploration geologist.
David led exploration teams for Amoco Minerals Australia (1972-1985) and Cyprus Minerals Australia (1985-1990) whose efforts resulted in the development of over ten mines in Australasia including Red Dome, Selwyn-Starra, Mount Elliott , Junction Reefs, Gidgee, Mt McClure, Brocks Creek, Moline , Golden Cross ( New Zealand ), Gold Ridge ( Solomon Islands ) and Dinkidi ( Philippines ).
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Contact Information
Level 1, 115 Cambridge Street
PO Box 1305 West Leederville
WA 6901 Australia
PHONE 618 9322 6600
FACSIMILE 618 9322 6610
EMAIL info@argentminerals.com.au
WEB www.argentminerals.com.au
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