Argent Minerals (ASX: ARD) has obtained high-grade assay results from the rock chip sampling programme at its 100%-owned Wood Gully Gossan Prospect within the Kempfield Project in NSW, which provide further confirmation of surface polymetallic mineralisation.
“We are extremely pleased to have received the first high-grade geochemical results highlighting significant polymetallic mineralisation potential over the Wood Gully Gossan Prospect,” Managing Director, Pedro Kastellorizos, said.
“At this stage, we believe this geochemical signature is a volcanic massive sulphide style mineralisation. These high-grade gold rock chip assays in conjunction with its proximal location to the Pine Ridge Gold Deposit (orogenic style mineralisation) has highlighted the exploration potential of these highly prospective geological areas.
“The strong indium and precious metals along with the high-grade copper results have been defined as “stand up” and will immediately be systematically explored through further ground geochemical exploration programs, followed by Aircore or RC Drilling.”
High-grade mineralisation delineated includes 3.82 g/t Au, 90.4 g/t Ag, 1.36% Cu, 14.05 ppm In, 0.63% Pb & 0.72% Zn in sample 3001290; 2.8 g/t Au, 94.1 g/t Ag, 0.67% Cu, 11.2 ppm In, 1.68% Pb & 0.15% Zn in sample 3001293; 1.1 g/t Au, 31.6 g/t Ag, 1.76% Cu, 0.14% Pb & 0.16% Zn in sample 3001296 and 1.67 g/t Au, 63.4 g/t Ag, 0.45% Cu, 1.44% Pb & 0.69% Zn in sample 3001288. All the high-grade sample were hosted within the ironstone gossanous rock.
