Argent Minerals (ASX:ARD) has intersected significant silver-lead-zinc at the Henry Zone within its flagship Kempfield project in New South Wales.
Assays for the four remaining holes in the eight hole diamond drilling program have been received.
Five separate mineralised intervals combing for 45.9 metres were intersected in one hole and included 16.0 metres at 0.6% lead, 1.8% zinc, 83 g/t silver and 0.1 g/t gold.
Drilling has identified a potential 1,000 metre northeast strike extension and also extensions to mineralisation in the southeast.
The eight hole drilling program has provided positive information for refining the geological model at Kempfield and for defining the prospectivity of key identified stratigraphic controls on mineralisation.
Drill results details
Assays have been received for the final four holes, holes AKDD193, 194, 196 and 200.
Hole AKDD200 intersected several relatively wide intervals of silver lead and zinc mineralisation including high grades from 2 metres to 221 metres.
AKDD200 results included:
- 6.0 metres at 1.0% lead, 0.1% zinc and 22 g/t silver from 2.0 metres;
- 10.0 metres at 0.1% lead, 2.8% zinc and 2.0 g/t silver from 32.0 metres including 1.0 metre at 0.2% lead, 7.6% zinc and 4.0 g/t silver;
- 5.0 metres at 0.3% lead, 0.8% zinc and 2.0 g/t silver from 161.0 metres;
- 8.9 metres at 0.6% lead, 1.8% zinc and 46 g/t silver from 193.2 metres including: 2.0 metres at 0.5% lead, 2.2% zinc and 96 g/t silver;
- 16 metres at 0.6% lead, 1.8% zinc, 83 g/t silver and 0.1 g/t gold from 205.0 metres including: 7.6 metres at 1.2% lead, 3.4% zinc, 126 g/t silver and 0.2 g/t gold.
This significantly extends known mineralisation at depth, and implies significant strike extension implications for the Kempfield deposit.
AKDD194 successfully tested a potential extension of C Horizon Kempfield North along strike to the northeast toward the Henry Zone.
Results identified 10 separate mineralised intervals with a total down-hole length of 23.1 metres including 12.1 metres at 0.3% lead, 0.8% zinc, 4 g/t silver and 0.1 g/t gold from 226.3 metres.
The intersection of C Horizon mineralisation by hole AKDD194 indicates a potential strike extension of 120 metres along strike to the northeast.
The intersected mineralisation remains open at depth down dip as well as up dip towards the surface.
Hole AKDD196 intersected 5.0 metres at 51 g/t silver also supporting potential for extensions.
Background
The Kempfield volcanic-hosted massive sulphide (VHMS) project provides investors with exposure to both precious metals being silver and gold together with base metals zinc and lead.
Kempfield hosts 33 million ounces silver, 86,000 ounces gold, 200,000 tonnes of zinc and 97,000 tonnes of lead.
These figures are exclusive of the yet-to-be potential resource at the historic Pine Ridge gold mine, as well as potential additional mineralisation in the Trunkey Creek goldfields.
Analysis
Assays from the final four holes have discovered supporting evidence of multiple extensions to the known mineralisation at Kempfield.
Argent remains leveraged to exploration based news flow after recently commencing drilling at the Theia and Narragudgil targets within its West Wyalong project located in central New South Wales.
The program will comprise six holes for 2,300 metres of diamond drilling and Argent anticipates the drilling to be completed in early May 2017.