http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Wed, 26 Jul 2017 04:55:28 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Argent Minerals underway drilling at Loch Lilly ]]> http://www.proactiveinvestors.com.au/companies/news/181314/argent-minerals-underway-drilling-at-loch-lilly-181314.html Argent Minerals (ASX:AGY) has commenced diamond drilling at its Loch Lilly Joint Venture Project located in western New South Wales.

Drilling represents the company’s maiden drill testing of the Loch Lilly – Kars Belt.

Expert analysis indicates that the Loch Lilly – Kars Belt is an extension of the Western Tasmania Mt Read Volcanics Belt with potential to host world-class deposits.

The Mt Read Volcanics Belt hosts several world-class mineral deposits, including Mt. Lyell, which to date has produced more than 62 tonnes of gold, 1.8 million tonnes of copper and 1,300 tonnes of silver.

The belt also includes the shear-hosted Henty gold mine, which has produced more than 1.5 million ounces of gold, and in western Victoria, the same broad belt hosts the Stawell gold mine that has produced more than 2.5 million ounces of gold.

Drilling has commenced at the Netley target and will be followed by the Eaglehawk target, each with a 500-metre hole.

Drilling is expected to take three to four weeks, subject to conditions.

The cost for Argent is minimal as 75% of the direct drilling costs up to $150,000 will be co-funded by the NSW Government, merit-based, Cooperative Drilling fund.

Following the drilling program, Argent will earn-in to a 51% interest.

Find out more from David Busch at Proactive's CEO Sessions.

Click below to register by email

- Melbourne: Tuesday 25th July. (Argent only in Melbourne)
- Sydney: Wednesday 26th July.
- Email Pauline here.
- Call office on (02) 9280 0700.

Presenter list

- Sayona Mining (ASX:SYA): Corey Nolan
- Lithium Power International (ASX:LPI): Andrew Phillips
- Elementos (ASX:ELT): Chris Dunks
- Tyranna Resources (ASX:TYX): Bruno Seneque
- Argent Minerals (ASX:ARD): David Busch (Melbourne only)
- Bryah Resources (ASX:BYH): Neil Marston (Sydney only)

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Mon, 24 Jul 2017 15:25:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181314/argent-minerals-underway-drilling-at-loch-lilly-181314.html
<![CDATA[News - Argent Minerals brings latest from West Wyalong and Kempfield to Melbourne CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/181213/argent-minerals-brings-latest-from-west-wyalong-and-kempfield-to-melbourne-ceo-sessions-181213.html Argent Minerals Ltd's (ASX:ARD) CEO, David Busch, will be bringing the company's three-pronged project strategy to the Melbourne leg of Proactive's CEO Sessions.

Busch is set to discuss the latest results from the West Wyalong diamond drilling program, the next steps at Kempfield, and what to look out for from Loch Lilly.

Find out more from David Busch at Proactive's CEO Sessions.

Click below to register by email

- Melbourne: Tuesday 25th July. (Argent only in Melbourne)
- Sydney: Wednesday 26th July.
- Email Pauline here.
- Call office on (02) 9280 0700.

Presenter list

- Sayona Mining (ASX:SYA): Corey Nolan
- Lithium Power International (ASX:LPI): Andrew Phillips
- Elementos (ASX:ELT): Chris Dunks
- Tyranna Resources (ASX:TYX): Bruno Seneque
- Argent Minerals (ASX:ARD): David Busch (Melbourne only)
- Bryah Resources (ASX:BYH): Neil Marston (Sydney only)

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Fri, 21 Jul 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181213/argent-minerals-brings-latest-from-west-wyalong-and-kempfield-to-melbourne-ceo-sessions-181213.html
<![CDATA[News - Argent Minerals Ltd once again lifts potential of copper-gold-molybdenum porphyry ]]> http://www.proactiveinvestors.com.au/companies/news/180952/argent-minerals-ltd-once-again-lifts-potential-of-copper-gold-molybdenum-porphyry-180952.html Argent Minerals Ltd's (ASX:ARD) shares are trading 6.7% higher at $0.032 in afternoon trade following the company revealing assay results from the recently completed West Wyalong diamond drilling program.

The key to the discovery of porphyry deposits is copper-gold-molybdenum, and the latest two holes show that copper, gold and molybdenum anomalism continues from the initial two holes.

Argent said that visual observations of the alteration and mineral assemblages in the drill core, along with voluminous brecciated magnetite skarn and concentrated vein molybdenite, chalcopyrite and gold, continue to indicate that the drilling program holes are near to either a main mineralised body - or a series of mineralised bodies.

Adding further interest is the massive zones of magnetite skarn. This includes up to 37 metres from 299 metres, which is positioned circa 1.5 kilometres along the total strike length of 2.5 kilometres.

Next steps

All drillholes have been logged and sampled, with assays for the remaining two drillholes are pending.

Drill core samples have also been submitted for petrography and LA-ICPMS analysis.

Upon finalisation of assays and QAQC processes, 3D modelling will be undertaken to fully understand the geometry of the area and the implications of the assays.

Further to this, hyperspectral logging (SWIR - short wave infrared) of all drill core will be undertaken to fully appreciate the extent and composition of alteration to aid in further drill planning, and petrographic analyses will be undertaken to specifically quantify the intersected rock types, and the implications for ongoing drill targeting.

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Mon, 17 Jul 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180952/argent-minerals-ltd-once-again-lifts-potential-of-copper-gold-molybdenum-porphyry-180952.html
<![CDATA[News - Argent Minerals Ltd to drill for porphyry copper at Loch Lilly ]]> http://www.proactiveinvestors.com.au/companies/news/180736/argent-minerals-ltd-to-drill-for-porphyry-copper-at-loch-lilly-180736.html Argent Minerals Ltd (ASX:ARD) will commence a highly anticipated drilling program next week at the Loch Lilly Joint Venture Project located in western New South Wales.

Expert analysis indicates that the Loch Lilly – Kars Belt is an extension of the Western Tasmania Mt Read Volcanics Belt with potential to host world-class deposits.

The program will test two of four identified targets known as Eaglehawk and Netley, each by a 500 metre diamond drill hole.

Eaglehawk and Netley were identified by advanced geophysics coupled with new petrological, lithogeochemical and geochronological studies on historical drill core.

The cost for Argent is minimal as 75% of the direct drilling costs up to $150,000 will be co-funded by the NSW Government, merit-based, Cooperative Drilling fund.

Following the drilling program, Argent will earn-in to a 51% interest.

Importance of Mount Read Volcanics Belt

The Mount Read Volcanics Belt in western Tasmania hosts several world-class mineral deposits, including Mt. Lyell, which to date has produced more than 62 tonnes of gold, 1.8 million tonnes of copper and 1,300 tonnes of silver.

The belt also includes the shear-hosted Henty gold mine, which has produced more than 1.5 million ounces of gold, and in western Victoria, the same broad belt hosts the Stawell gold mine that has produced more than 2.5 million ounces of gold.

Argent's portfolio

Argent can earn up to 90% of the Loch Lilly Joint Venture Project.

The company wholly-owns the Kempfield Polymetallic Project, and has a 70% interest in the West Wyalong Porphyry Copper-Gold Project.

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Wed, 12 Jul 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180736/argent-minerals-ltd-to-drill-for-porphyry-copper-at-loch-lilly-180736.html
<![CDATA[News - Argent Minerals Ltd reveals mineralised porphyry at West Wyalong ]]> http://www.proactiveinvestors.com.au/companies/news/180182/argent-minerals-ltd-reveals-mineralised-porphyry-at-west-wyalong-180182.html Argent Minerals Ltd (ASX:ARD) has intersected multiple intrusives over a strike length of 2.5 kilometres at the West Wyalong project (70%) in New South Wales.

Building the prospectivity, drilling results are analogous to the initial exploration results which led to the discovery of Ok Tedi in Papua New Guinea and at Big Cadia.

Elevated copper, gold and molybdenum mineralisation are evident as signature features of mineralised porphyry systems.

From the drilling program, all six diamond holes have been completed and logged in detail, with assays pending for four holes.


Assays for first two hole

The first two holes were designed to test the northern extent of the Theia anomaly.

Results include:

- AWT002: 24.1 metres at 0.25% copper, 0.11g/t gold and 214 ppm molybdenum from 161.4 metres; and
- AWT001: 4 metres at 0.04% copper, 0.01g/t gold and 174 ppm molybdenum from 143.5 metres; 4 metres at 0.23% copper, 0.03 g/t gold and 31 ppm molybdenum from 223.6 metres; and 7.8 metres at 0.40 % copper, 0.01g/t gold and 9ppm molybdenum from 313.5 metres.


Next steps

Upon finalisation of assays and QAQC processes, 3D modelling will be undertaken to fully understand the geometry of the area and the implications of the assays.

Further to this, hyperspectral logging (Short Wave Infrared) of all drill core will be undertaken to fully appreciate the extent and composition of alteration to aid in further drill planning, and petrographic analyses will be undertaken to specifically quantify the present rock types, and implications of those rock types.

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Mon, 03 Jul 2017 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180182/argent-minerals-ltd-reveals-mineralised-porphyry-at-west-wyalong-180182.html
<![CDATA[News - Argent Minerals extends option to purchase property next to Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/179856/argent-minerals-extends-option-to-purchase-property-next-to-kempfield-179856.html Argent Minerals (ASX:ARD) has extended the option to purchase the Box Hill property to June 2018, which neighbors the company’s freehold land at the Kempfield polymetallic project in New South Wales.

The fee to extend was minimal at $20,000 cash and 666,666 shares.

Under the extended option, Argent is able to purchase the Box Hill land for $1.2 million.

At Kempfield, preparations are underway for a 5,000-metre infill drilling program targeting a resource estimate update.

Kempfield currently hosts a 52 million silver ounce equivalent.

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Tue, 27 Jun 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179856/argent-minerals-extends-option-to-purchase-property-next-to-kempfield-179856.html
<![CDATA[News - Argent Minerals gets approval for drilling at Loch Lilly ]]> http://www.proactiveinvestors.com.au/companies/news/179643/argent-minerals-gets-approval-for-drilling-at-loch-lilly-179643.html Argent Minerals (ASX:ARD) has received regulatory approval to commence a diamond drilling program at the Loch Lilly Joint Venture Project located in western New South Wales.

The project lies within the Loch Lilly - Kars Belt located 80 kilometres south of Broken Hill and is analogous to the Mount Read Volcanics of Western Tasmania.

The Mount Read Volcanics host world-class volcanogenic massive sulphide (VMS), copper-gold porphyry and nickel sulphide mineralisation.

Argent will earn its first 51% interest in the Loch Lilly Joint Venture by completing the drilling program to test two compelling geophysical targets – Eaglehawk and Netley.

The drilling program will comprise two diamond drill holes for a total of 1,000 metres, with one 500-metre hole to test each target.


Drilling costs are co-funded

The direct per-metre drilling costs of the program will be 75% co-funded by the New South Wales government up to $150,000.

The sought after government funding was awarded to the project based on merit, as assessed by an independent expert advisory panel.

All access agreements are in place and the required drilling activity notifications have been submitted to the various authorities as required by the regulations.


Next steps

Drill site preparations are scheduled to commence next week and the drilling contractor is scheduled to mobilise to site and commence drilling during the second week of July 2017.

The drilling phase of the program is anticipated to be completed within a period of circa three weeks, subject to operational conditions and weather.

This will be followed by Argent’s standard process of detailed core logging and selection of samples for submission to the laboratory.

 

Project portfolio: West Wyalong assays expected

Argent is focused on the expansion and development of its base and precious metal projects in New South Wales:

- Kempfield Polymetallic Project (100%);
- West Wyalong Porphyry Copper-Gold Project (70%); and
- Loch Lilly Joint Venture Project (earning up to 90%).

Assays are expected shortly from West Wyalong where a six hole 2,300-metre diamond drilling program was completed.

Drilling was testing for porphyry copper-gold and epithermal gold at the Theia and Narragudgil targets.

At Kempfield, preparations are underway for a 5,000-metre infill drilling program targeting a resource estimate update.

 

 

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Thu, 22 Jun 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179643/argent-minerals-gets-approval-for-drilling-at-loch-lilly-179643.html
<![CDATA[News - Argent Minerals ahead of schedule at West Wyalong, prepares for Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/178943/argent-minerals-ahead-of-schedule-at-west-wyalong-prepares-for-kempfield-178943.html Argent Minerals (ASX:ARD) remains a very busy exploration stock focussed in key mining districts of New South Wales, and is preparing for an increase in news flow across several assets.

First up is West Wyalong, where drill core sampling has progressed ahead of schedule with five of the six holes submitted for assay.

Core from the final hole will be submitted next week. It is a busy time in the lab with results expected in about five weeks.

Argent is also taking a highly systematic approach to the porphyry copper gold project, or a similar method to the major mining companies utilising diamond drilling.

This allows for detailed logging prior to sampling.

After visual inspections of the core during the logging process, Argent identified 80% of the drill core for submission to the lab.

Worth noting, Argent moved to its 70% stake in West Wyalong ahead of the assays after satisfying earn in requirements in the joint venture.

The interest in West Wyalong certainly comes with merit, considering its position within an active gold producing region in central New South Wales.

These include: Evolution Mining (ASX:EVN), Sandfire Resources NL (ASX:SFR), Goldfields and St. Barbara (ASX:SBM).


Kempfield polymetallic project

Moving to the Kempfield polymetallic project, Argent is preparing a 5000 metre infill drilling program which will be used for a resource estimate update.

Kempfield currently hosts a 52 million silver ounce equivalent, and has the potential to join the +100 million silver ounce equivalent club.

Also at the project, a metallurgical program has commenced to assess silver/lead/zinc recoveries in a flotation processing environment.


Loch Lilly

The third project for Argent is Loch Lilly where the company is farming-in, at a very minimal cost.

Argent’s costs will be 75% co-funded by the NSW Government up to $150,000.

A drilling application plan has been submitted to the New South Wales Government for approval.

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Thu, 08 Jun 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178943/argent-minerals-ahead-of-schedule-at-west-wyalong-prepares-for-kempfield-178943.html
<![CDATA[News - Argent Minerals provides unique approach to pending West Wyalong assays ]]> http://www.proactiveinvestors.com.au/companies/news/177618/argent-minerals-provides-unique-approach-to-pending-west-wyalong-assays-177618.html Argent Minerals (ASX:ARD) is currently diamond drilling the highly prospective West Wyalong project, located in New South Wales.

Argent has a unique approach at the asset.

First, Argent has budgeted to assay 70% of the diamond drilling program, which covers six holes for 2,427 metres.

As a general rule - companies usually only assay up to a third of the drill core.

Second, the company has moved to a 70% stake in West Wyalong ahead of the assays after satisfying earn in requirements in the joint venture.

Finally, a decision was made to extend the depth of the holes with the company drilling more metres than originally planned in order to ensure capture of alteration seen in the drill core.

The drilling is 50% co-funded by the State Government up to a total of $200,000.

These funds are awarded on a merit-based assessment by an independent panel of experts.

This adds up to both Argent and the Government being intrigued to see if the asset will reveal a porphyry copper-gold with possible gold offshoots from the main geological structure, such as epithermal gold for example.


Why the interest in West Wyalong

The prospectivity of the area is the main reason driving both Argent and the Government to understand what lies beneath.

The project is strategically positioned within an active gold producing region in central New South Wales.

West Wyalong is surrounded by major gold producers including Evolution Mining (ASX:EVN), Sandfire Resources NL (ASX:SFR), Goldfields and St. Barbara (ASX:SBM).

Providing some back story on the region and interest - Evolution Mining acquired the Lake Cowal gold mine for US$550 million in July 2015.

Lake Cowal is just 37 kilometres north of West Wyalong.

It has been 17 years between diamond holes at West Wyalong, too long for many, with assays expected to flow within the next two months.

Add to this the recent news of Sandfire’s discovery of a porphyry system just 18 kilometres away, which is along strike and in the same geological belt.


Funding delivers trifecta

West Wyalong

Argent recently raised circa $2.3 million from a placement, which will help fund the drilling of West Wyalong.

Kempfield

Proceeds will also be used to advance the wholly-owned Kempfield Polymetallic Project, which is projected to join the +100 million silver ounce equivalent club in the near-term.

Kempfield currently hosts a 52 million silver ounce equivalent, and with some infill drilling in the second half of the year to be added to the recent data also not in the resource - a doubling in dimensions would be expected.

Loch Lilly

The third project for Argent is Loch Lilly where the company is farming-in, at a very minimal cost.

Argent’s costs will be 75% co-funded by the NSW Government up to $150,000.

Diamond drilling is expected to commence in the next month.

The project is located in the Loch Lilly - Kars Belt in western New South Wales, which hosts polymetallic volcanic-hosted massive sulphide, copper-gold porphyry and nickel sulphide.

Dr Tony Crawford of the internationally recognised Centre of Excellence in Ore Deposits in Tasmania has determined that the geology of the region has the potential to be analogous to the Mount Read Volcanics of Western Tasmania.

This is where some of Australia’s highest grade base and precious metal deposits are located.

Dr Crawford’s initial exploration guidance to Sirius Resources was instrumental in the discovery of the Nova nickel deposit, subsequently taken over by Independence Group for $1.8 billion.

Dr Crawford took the Loch Lilly project to Anglo American, which immediately recognised the project’s potential and was preparing to drill two identified targets, when it received orders from its U.S. head office to shut down all of its Australian metal exploration operations.

Argent is the ‘lucky’ beneficiary and will now drill these targets, after it was approached by Dr Crawford to form a joint venture.

Argent can earn up to a 90% interest through exploration expenditure.

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Thu, 11 May 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177618/argent-minerals-provides-unique-approach-to-pending-west-wyalong-assays-177618.html
<![CDATA[News - Argent Minerals secures funding for upcoming drilling ]]> http://www.proactiveinvestors.com.au/companies/news/176968/argent-minerals-secures-funding-for-upcoming-drilling-176968.html Argent Minerals (ASX:ARD) has secured $2.28 million in additional funding through the placement of 60 million shares priced at $0.038.

Shares come with a 1:2 attaching option exercisable at $0.10 and expiring 27 June, 2019.

Proceeds will fund drilling and advancement of Argent’s key projects in New South Wales and Tasmania – 100% owned Kempfield Polymetallic Project, 70% owned West Wyalong Project and the Loch Lily Project where Argent can earn up to 90%.

These projects provide exposure to the precious and base metals sectors featuring gold, silver, lead and zinc.

Argent has just recently increased its interest in West Wyalong up to 70% from 51% by satisfying earn in requirements in the joint venture and will move forward on a 70:30 basis.


Use of funds

Proceeds of from the placement will fund:

Kempfield Polymetallic Project (100%, New South Wales)

Work to advance the planned mineral resource estimate update including:

- Metallurgical testing of existing drill core to determine base and precious metal recovery potential in separate concentrates in a flotation processing environment; and
- Resource infill drilling of up to 5,000 metres of predominantly reverse circulation drilling.

West Wyalong Project (70%, New South Wales)

- Completion of the six hole 2,300 metre diamond drilling program testing for porphyry copper gold and epithermal gold at the Theia and Narragudgil targets; and
- Drilling is 50% co-funded by the state government up to a total of $200,000 awarded on merit-based assessment by independent panel of experts.

Loch Lilly Project (right to earn 90%, Tasmania)

- Inaugural drill test of analogous Western Tasmania Mt. Read volcanics potential identified in the Loch Lilly - Kars Belt located 980 kilometres south of Broken Hill;
- Two diamond holes will be drilled up to 500 metres depth, each to test the walk-up geophysics targets of Eaglehawk and Netley;
- The direct per-metre drilling costs are 75% co-funded by the state government up to a total of $150,000 also awarded on merit-based assessment by independent panel of experts; and
- Earn initial Argent interest of 51% by completing the drill test.


Assays pending from West Wyalong

The drilling program at West Wyalong has been completed ahead schedule with a total of 2,427 metres completed over six holes.

Detailed logging of the drill core has commenced, which will be followed by cutting of the core and assaying.

Based on the visual observations to date, Argent envisages submitting up to 70% of the diamond drill core for assay.

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Thu, 27 Apr 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176968/argent-minerals-secures-funding-for-upcoming-drilling-176968.html
<![CDATA[News - Argent Minerals attracts sophisticated investors as news flow nears ]]> http://www.proactiveinvestors.com.au/companies/news/176631/argent-minerals-attracts-sophisticated-investors-as-news-flow-nears-176631.html Argent Minerals (ASX:ARD) is raising circa $2.28 million from a heavily oversubscribed placement to new and existing sophisticated investors.

The raising offers 60 million shares at $0.038 per share.

Argent will allocate the new funds to the company's three key projects being Kempfield, West Wyalong and Loch Lilly in New South Wales, which will deliver strong news flow for the remainder of 2017.

Attracting sophisticated investors for a multi-million dollar investment highlights support from the professional investing community, which can help to de-risk a company for potential retail investors.


Allocation of new funds

Kempfield Polymetallic Project (wholly-owned)

This will include infill drilling and metallurgy for the resource update.

The pending resource upgrade will incorporate potential lateral and depth extensions identified by recent drilling, which according to the company could swell the existing deposit dimensions by double.

The deposit would in that case be expected to host up to 100 million ounces of silver equivalent contained metal.

This would be comprised of silver, gold, lead and zinc.

West Wyalong Project (Argent interest 51%, increasing to 70%)

Completion of the six hole 2300 metre diamond drilling program, which is testing for porphyry copper gold and epithermal gold at the Theia and Narragudgil targets.

West Wyalong is surrounded by major gold producers including Evolution Mining (ASX:EVN), Sandfire Resources NL (ASX:SFR), Goldfields and St. Barbara (ASX:SBM).

Loch Lilly Project (Argent right to earn up to 90%)

This is a new project for Argent and is located 80 kilometres south of Broken Hill, adding further depth to its portfolio.

An inaugural drill program will test the analogous Western Tasmania Mt. Read Volcanics potential identified by Dr. Tony Crawford.

Two diamond holes will be drilled up to 500 metres depth, each to test the walk-up geophysics targets of Eaglehawk and Netley.

Completing this drill test will move Argent to 50%.


Analysis

The potential of Argent's three projects has been identified by the New South Wales government, which has awarded $750,000 to date in merit-based co-funding.

These grants are not made lightly, and are based on the technical merits of the projects, as assessed by independent panels of experts from amongst a significant number of funding applications in a highly competitive environment.

The impact of these additional funds help advance exploration, and as an example, Argent’s costs at Loch Lilly will be 75% co-funded by the NSW Government up to $150,000.

Therefore its only a very minimal cost for the company to drill a highly prospective asset.

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Thu, 20 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176631/argent-minerals-attracts-sophisticated-investors-as-news-flow-nears-176631.html
<![CDATA[News - Argent Minerals to raise funds ahead of Kempfield resource upgrade ]]> http://www.proactiveinvestors.com.au/companies/news/176476/argent-minerals-to-raise-funds-ahead-of-kempfield-resource-upgrade-176476.html Argent Minerals (ASX:ARD) has been granted a trading halt by the ASX, pending details of a capital raising.

The company holds a portfolio of highly prospective projects in New South Wales.

A resource upgrade for Kempfield is pending which could see the project reach the 100 million ounces of silver equivalent mark.

Assays are also due from West Wyalong in coming months, followed by drilling at Lock Lilly.

The halt will remain in place until the opening of trade on Thursday 20th April 2017, or earlier if an announcement is made to the market.

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Tue, 18 Apr 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176476/argent-minerals-to-raise-funds-ahead-of-kempfield-resource-upgrade-176476.html
<![CDATA[News - Argent Minerals is a stock to watch as key milestones imminent ]]> http://www.proactiveinvestors.com.au/companies/news/175725/argent-minerals-is-a-stock-to-watch-as-key-milestones-imminent-175725.html Argent Minerals (ASX:ARD) holds a portfolio of highly prospective projects in New South Wales, and the government is providing support.

Argent's three key projects, Kempfield, West Wyalong and Loch Lilly have all been awarded competitive NSW Government Cooperative Drilling funding totalling $750,000 to date.

These grants are not made lightly, and are based on the technical merits of the projects, as assessed by independent panels of experts from amongst a significant number of funding applications in a highly competitive environment.

Adding further support is $2.9 million in R&D rebates received since September 2013.


Kempfield to join +100Moz silver equivalent club

Argent's wholly-owned Kempfield project is registered as a NSW State Significant Development, hosting a polymetallic resource which remains open.

The pending resource upgrade will incorporate potential lateral and depth extensions identified by recent drilling, which according to the Company could swell the existing deposit dimensions by double.

Kempfield would in that case be expected to host up to 100 million ounces of silver equivalent contained metal, comprised of silver, gold, lead and zinc, versus the current deposit size of 52 million ounces equivalent.


West Wyalong

Investors new to the Argent story may not fully understand the importance of West Wyalong, but some longer term investors will as this is why they are in the stock.

The project is strategically positioned within an active gold producing region in central New South Wales.

West Wyalong is surrounded by major gold producers including Evolution Mining (ASX:EVN), Sandfire Resources NL (ASX:SFR), Goldfields and St. Barbara (ASX:SBM).

Providing some back story on the region and interest - Evolution Mining acquired the Lake Cowal gold mine for US$550 million in July 2015.

Lake Cowal is just 37 kilometres north of West Wyalong.

Argent currently has a six-hole 2300 metre diamond drilling program underway to test the Theia copper-gold porphyry target and the Narragudgil epithermal gold target.

It has been 17 years since the last diamond hole at West Wyalong, and anticipation is building.

Assays are expected from May to June 2017.

Argent's interest in West Wyalong will increase to 70% through the current drilling program.


Loch Lilly

Argent is farming-in to Loch Lilly, and from a cost to benefit ratio, it is simply a free kick for the company.

The joint venture is to earn 90% of the project which covers 1400 square kilometres of the Loch Lilly - Kars Belt in western NSW, which hosts polymetallic volcanic-hosted massive sulphide (VHMS), copper-gold porphyry and nickel sulphide.

Mineralisation in the region has the potential to be analogous to the Mount Read Volcanics of Western Tasmania.

Argent will earn a 51% interest in the project by completing a drill program to test two geophysical targets, Eaglehawk and Netley, each with one diamond drill hole to a depth of 500 metres scheduled to commence in May/June 2017.

Argent’s costs will be 75% co-funded by the NSW Government up to $150,000.

News will follow with exploration results.


Analysis

Argent has a market cap of circa $16 million, and estimated cash of $1.5 million, providing an enterprise valuation under $15 million.

The company's valuation has previously predominately been based on the Kempfield resource.

Currently - Argent's value per resource ounce comparable to peers is (~$0.45/oz Ag, ~$0.29/oz AgEq).

With Kempfield expected to double in size following the recent drilling programs, and if the resource is re-estimated towards the 100 million ounces of silver equivalent mark, this could provide the potential positive re-rating catalyst, purely based on the valuation metrics above.

Buts that’s just Kempfield.

The market is therefore currently placing little value on the West Wyalong or Loch Lilly assets, yet drilling results news is coming closer.

West Wyalong is surrounded by major gold producers, with diamond drilling assays pending in the short term.

Loch Lilly has a very minimal cost to Argent, where diamond drilling will commence in May/June 2017.

Any sniff from these two projects could provide a separate 'call to action' for investors.

The news is only just starting for Argent, and it very much remains a stock to watch.

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Fri, 31 Mar 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175725/argent-minerals-is-a-stock-to-watch-as-key-milestones-imminent-175725.html
<![CDATA[News - Argent Minerals drills out significant silver-lead-zinc at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/174869/argent-minerals-drills-out-significant-silver-lead-zinc-at-kempfield-174869.html 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.

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Wed, 15 Mar 2017 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174869/argent-minerals-drills-out-significant-silver-lead-zinc-at-kempfield-174869.html
<![CDATA[News - Argent Minerals drills first diamond hole in 17 years at West Wyalong Project ]]> http://www.proactiveinvestors.com.au/companies/news/174178/argent-minerals-drills-first-diamond-hole-in-17-years-at-west-wyalong-project-174178.html Argent Minerals (ASX:ARD) has commenced 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. To date, more than 150 metres has been drilled.

This is the first drilling conducted by Argent to test the Theia copper-gold and Narragudgil epithermal gold targets identified by recent geophysical surveys.

Argent anticipates the drilling to be completed in early May 2017 as per the previous schedule, subject to ongoing drilling conditions and weather.

The project has been assessed for technical merit by an independent expert panel, and as a result awarded co-founding by the New South Wales government to cover 50% of the direct per-metre drilling costs up to $200,000.

Completion of the drilling program will boost Argent’s interest in the West Wyalong project from 51% to 70%.

The core logging and sampling is expected to be completed by circa late May, to be followed by laboratory assay results, and subsequent analysis by Argent.


Analysis

Argent is drilling the first diamond hole for 17 years at West Wyalong initiated to test the undrilled multisurvey anomalies.

In other company news, more diamond assays are currently pending from its flagship Kempfield project in New South Wales.

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Fri, 03 Mar 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174178/argent-minerals-drills-first-diamond-hole-in-17-years-at-west-wyalong-project-174178.html
<![CDATA[News - Argent Minerals: Access latest PPT from Proactive's CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/173664/argent-minerals-access-latest-ppt-from-proactive-s-ceo-sessions-173664.html Argent Minerals (ASX:ARD) managing director, David Busch, joined Proactive's CEO Sessions in Sydney on Monday 20th February and Melbourne on Tuesday 21st February.

Argent has three key projects starting with Kempfield in New South Wales, where drilling recently confirmed a major breakthrough.

More diamond assays are currently pending.

Drilling is set to start at West Wyalong, while Argent has also just entered into a joint venture to earn up to 90% of the Loch Lilly project - located 80 kilometres south of Broken Hill.

The drill program is scheduled to commence in late May.


ACCESS THE FULL PRESENTATION HERE

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Fri, 24 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173664/argent-minerals-access-latest-ppt-from-proactive-s-ceo-sessions-173664.html
<![CDATA[News - Argent Minerals enters joint venture with drill-ready targets ]]> http://www.proactiveinvestors.com.au/companies/news/173494/argent-minerals-enters-joint-venture-with-drill-ready-targets-173494.html Argent Minerals (ASX:ARD) has entered into a joint venture to earn up to 90% of the Loch Lilly project located 80 kilometres south of Broken Hill in western New South Wales.

The project covers 1,447 square kilometres of the Kars Belt and Argent plans to drill test two geophysical targets, Eaglehawk and Netley, each with a 500 metre diamond hole.

The direct per-metre drilling costs of the drilling program will be 75% co-funded by the New South Wales government up to $150,000.

The drill program is scheduled to commence in late May 2017, subject to access agreements, regulatory approvals and weather.

Loch Lilly complements Argent’s capabilities and project portfolio, which now comprises three projects – the flagship Kempfield project, where the Company has most recently intersected 20.3 metres at 32 g/t silver and 1.1 g/t gold, and West Wyalong, where diamond drilling is scheduled to commence early next week.


Joint venture details

Under the terms of the joint venture agreement, Argent has been appointed as the manager/operator and is the sole contributor during the earning period during which time Argent has the right to earn a 51% interest, then 70% and 90%, in the Loch Lilly project.

Argent will earn its first 51% interest in the Loch Lilly Joint Venture by completing a drill program to test two compelling geophysical targets – Eaglehawk and Netley.

One hole will be drilled to test each target to a depth of 500 metres.

The joint venture continues until Argent either earns 90% or withdraws from the joint venture.


Loch Lilly project

The Loch Lilly project comprises exploration licences EL8199 and EL8200, and exploration licence applications ELA5376 and ELA5377, over 1,447 square kilometres of the Loch Lilly - Kars Belt in western New South Wales, 80 kilometres south of Broken Hill.

Research undertaken by Argent’s joint venture partner, Dr. Anthony J. Crawford, has indicated that this belt includes rocks equivalent to western Tasmania’s Mt. Read Volcanics, with potentially major discovery implications for the Loch Lilly - Kars Belt in NSW.

Over a strike distance of just 80 kilometres, the Mt. Read Volcanics hosts several world-class base and precious metal deposits, including Mt. Lyell, Rosebery and Hellyer, and numerous medium-sized deposits, including the Que River and Hercules VHMS copper-lead-zinc deposit and the Henty gold deposit.

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Wed, 22 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173494/argent-minerals-enters-joint-venture-with-drill-ready-targets-173494.html
<![CDATA[News - Argent Minerals new assays confirm extensions at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/173493/argent-minerals-new-assays-confirm-extensions-at-kempfield-173493.html Argent Minerals (ASX:ARD) has received assay results from three more holes from its eight-hole diamond drilling program at its flagship Kempfield project in New South Wales.

Assays have revealed a significant 20.3 metre intersection yielding 32 g/t silver and 1.1 g/t gold from 96.0 metres depth.

The assays confirm the new geological model and C Horizon position in the Kempfield southeast zone.

The confirmation of the new Kempfield southeast C Horizon area implies the potential for significant additional tonnage.

Assay results from the remaining four holes are expected in the coming 3-4 weeks.


Drill result details

Assays from diamond holes AKDD195, AKDD198 and AKDD199 at Kempfield have been received.

Details of a significant intersection in AKDD195 include:

- 20.3 metres at 32 g/t silver, 1.1 g/t gold from 96.0 metres including 7.0 metres at 47 g/t silver, 2.4 g/t gold from 97.0 meters and 3.1 metres at 2.4% lead, 2.3% zinc, 85 g/t silver, 2.3 g/t gold.

These results confirm the C Horizon Kempfield South mineralisation predicted by Argent’s evolving geological model for the project.

The new C Horizon Kempfield South mineralisation is open in all directions, implying the potential for significant additional Kempfield tonnage.

Whilst the AKDD198 and AKDD199 assay results did not return any mineralisation, the intersected geology opens up an entire new area further to the south.

The combined AKDD195, AKDD198 and AKDD199 results open up a potentially significant area to the south, which is covered by the additional 2 kilometre exploration licence area of EL5748.

These most recent results follow the initial hole, which assayed 10.2 metres at 1.5 g/t gold from 28.0 metres including 5.0 metres at 2.6 g/t gold, 1.0 metre at 4.4 g/t gold and 1.0 metre at 5.1 g/t gold.


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.

Any further potential resources identified by the current drill program could act as a catalyst for Argent.


Analysis

These recent assays from Kempfield are significant for two reasons, the first being that the new intersection makes a strong argument for an extension to current mineralisation, which can lead to an increased JORC resource.

Secondly, this intersection represents a significant advance in the understanding of the Kempfield VHMS deposit and holds significant potential for further drilling in the area.

Potential mineralisation remains open in all directions with significant potential along strike to the north and to the south, and at depth.

Investors will remain leveraged to short term news flow with the remaining holes in the drilling program complete and submitted to labs for assay.

Argent continues its strong 2017 with shares trading up 70% year to date, closing on 21 February at $0.043.

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Tue, 21 Feb 2017 17:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173493/argent-minerals-new-assays-confirm-extensions-at-kempfield-173493.html
<![CDATA[News - Argent Minerals to drill for copper-gold at West Wyalong ]]> http://www.proactiveinvestors.com.au/companies/news/173097/argent-minerals-to-drill-for-copper-gold-at-west-wyalong-173097.html Argent Minerals (ASX:ARD) has received regulatory approval for a diamond drilling program at its West Wyalong project located in central New South Wales.

The six-hole, 2300 metre program will test the Theia copper-gold porphyry target and the Narragudgil epithermal gold target.

This will be the first drilling conducted by Argent testing the Theia and Narragudgil geophysical targets.

The approvals are expected to allow Argent to begin drilling in the last week of February.

Positively, up to $200,000 of direct drilling costs will be co-funded by the State government and the drilling expenditure will result in Argent increasing its interest in West Wyalong to 70%.


Drill program details

The six-hole drill program has been designed for a total length of 2,300 metres with the deepest hole to reach 500 metres depth.

Five diamond holes have been designed to test the Theia copper-gold porphyry target and potential system over a strike length of 1.8 kilometres, with the deepest hole to be drilled to a depth of 500 metres.

The final diamond hole has been designed to test the Narragudgil epithermal gold target to a depth of 400 metres.

The drill plan has been developed using Argent’s conceptual model for the area, which has been derived from detailed analyses of geochemical and geophysical data.


West Wyalong project

The West Wyalong project is strategically positioned within an active gold producing region in central New South Wales.

The project is surrounded by major gold producers including Evolution Mining (ASX:EVN), Sandfire Resources NL (ASX:SFR), Goldfields and St. Barbara (ASX:SBM).

Evolution Mining acquired the Lake Cowal gold mine for US$550 million in July 2015 which is located 37 kilometres north of the West Wyalong project.

During October 2016, Argent received a major vote of confidence at West Wyalong by receiving a $200,000 grant awarded by the NSW Government for diamond drilling of gold/copper-gold targets.

The award represents the largest funding amount available to any single application out of the heavily contested ‘Round 2’ funding pool total of $2 million, capped at $200,000 per project.

Argent and West Wyalong were selected on the basis of technical and financial merit as assessed by an independent expert advisory panel.


Assays expected from Kempfield

While the drilling campaign at West Wyalong is approaching commencement, results from the 8-hole, 1,833 metre diamond drilling program at its flagship Kempfield project in New South Wales are expected in the short term.

Results have been received for the first hole, AKDD197, which encountered a shallow gold system, which is located to the south of the known deposit.

AKDD197 intersected 10.2 metres at 1.5 g/t gold from 28.0 metres including 5.0 metres at 2.6 g/t gold, 1.0 metre at 4.4 g/t gold and 1.0 metre at 5.1 g/t gold.

It also encountered a separate zone of 1.0 metre at 1.0 g/t gold from 48.4 metres depth.

Assays from the remaining seven holes are pending and keep investors leveraged to exploration based news flow.


Proactive's Spotlight CEO Sessions

David will be presenting for Argent Minerals in Sydney on Monday, 20th February and Melbourne on Tuesday, 21st February.

Click below to register :

- Sydney: Monday, 20th February.
- Melbourne: Tuesday, 21st January.
- Email Pauline here.
- Call office on (02) 9280 0700.

Presenter list

- Argent Minerals (ASX:ARD): David Busch.
- PNX Metals (ASX:PNX): James Fox.
- Danakali (ASX:DNK): Paul Donaldson.
- Oro Verde (ASX:OVL): Trevor Woolfe.
- Verdant Minerals (ASX:VRM): Chris Tziolis.

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Tue, 14 Feb 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173097/argent-minerals-to-drill-for-copper-gold-at-west-wyalong-173097.html
<![CDATA[News - Argent Minerals drills out gold in first hole at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/172535/argent-minerals-drills-out-gold-in-first-hole-at-kempfield-172535.html Argent Minerals (ASX:ARD) has received assays from the first hole of its 8 hole, 1,833 metre diamond drilling program at its flagship Kempfield project in New South Wales.

The hole AKDD197 encountered a shallow gold system, which is located to the south of the known deposit.

Highlights include 10.2 metres at 1.5 g/t gold from 28.0 metres depth.

Drill core samples have been submitted for 5 holes to date, with samples from the remaining 3 holes to be submitted by circa mid-February 2017.

This drilling follows a successful 11-hole program completed in October 2016 which identified four key host horizons, which allows for highly efficient drill targeting in the current campaign.


AKDD197 details

Drill hole AKDD197 intersected 10.2 metres at 1.5 g/t gold from 28.0 metres including 5.0 metres at 2.6 g/t gold, 1.0 metre at 4.4 g/t gold and 1.0 metre at 5.1 g/t gold.

It also encountered a separate zone of 1.0 metre at 1.0 g/t gold from 48.4 metres depth.

There were no significant intersections of silver, lead, copper or zinc.

AKDD197 was designed to test a strong induced polarisation chargeability anomaly overlapping a strong magnetic anomaly to the south of the main deposit, both untested prior to the current drilling program.


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.

Any further potential resources identified by the current drill program could act as a catalyst for Argent.

Potential mineralisation remains open to the south, at depth, and to the north.


Drill program objectives

The first four holes are designed to test key stratigraphic positions that may host strata-bound mineralisation and potentially extend mineralisation into areas identified to the northwest and southeast of the main deposit.

This drilling is aimed at defining the bounds of the known mineralisation for future potential resource delineation drilling and resource estimation.

The three drill holes in the south of the Kempfield project area are positioned to intersect key geophysical anomalies that had not been previously drill-tested.

A final drill hole targeted the Quarry Zone, which has been identified as having the appearance of a satellite VHMS feeder area to the main Kempfield deposit.

The Quarries Zone is rich in silver and has moderate grades of zinc and lead.

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Thu, 02 Feb 2017 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172535/argent-minerals-drills-out-gold-in-first-hole-at-kempfield-172535.html
<![CDATA[News - Argent Minerals completes diamond drilling program ]]> http://www.proactiveinvestors.com.au/companies/news/172463/argent-minerals-completes-diamond-drilling-program-172463.html 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.

Any further potential resources identified by the current drill program could act as a catalyst for Argent.

This drilling follows a successful 11-hole program completed in October 2016 which identified four key host horizons, which allows for highly efficient drill targeting in the current campaign.

Detailed core logging, photographing, sampling, and laboratory testing is underway.


Drill program details

The first four holes were designed to test key stratigraphic positions that may host strata-bound mineralisation and potentially extend mineralisation into areas identified to the northwest and southeast of the main deposit.

This drilling was aimed at defining the bounds of the known mineralisation for future potential resource delineation drilling and resource estimation.

The three drill holes in the south of the Kempfield project area have been positioned to intersect key geophysical anomalies that had not been previously drill-tested.

A final drill hole targeted the Quarry Zone, which has been identified as having the appearance of a satellite VHMS feeder area to the main Kempfield deposit.

The Quarries Zone is rich in silver and has moderate grades of zinc and lead.

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Wed, 01 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172463/argent-minerals-completes-diamond-drilling-program-172463.html
<![CDATA[News - Argent Minerals shares on a tear ]]> http://www.proactiveinvestors.com.au/companies/news/170277/argent-minerals-shares-on-a-tear-170277.html Argent said that it is not aware of any information to explain the change in trading activity.

On Friday, shares closed 24% higher at $0.026 compared to the last price on Thursday, with over nine million shares changing hands.


ASX response

Argent outlined in its response to the ASX some already public information, including the announcement at the end of November of the commencement of an eight-hole 1,600 metre diamond drilling program at the Kempfield project.

Drilling is targeting silver, gold, lead and zinc volcanic-hosted massive sulphide (VHMS) mineralisation.


Analysis

The discovery of additional VHMS mineralisation, and in particular, massive sulphides, could result in a substantial re-rating of the company.

Adding interest, the London Metals Exchange cash settlement price for zinc has recently reached eight year highs.

Kempfield also hosts 200,000 tonnes of contained zinc and 97,000 tonnes of contained lead.

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Mon, 12 Dec 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170277/argent-minerals-shares-on-a-tear-170277.html
<![CDATA[News - Argent Minerals pockets government grant as diamond rig spins at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/169935/argent-minerals-pockets-government-grant-as-diamond-rig-spins-at-kempfield-169935.html The claim relates to a range of technical development activities associated with advancing the Kempfield and West Wyalong projects.

Together with the $200,000 Cooperative Drilling funding awarded to Argent by the NSW Government in October 2016, this represents a total of $909,248 Australian Government funding committed during the current financial year.


Leveraged to zinc

Argent is leveraged to a zinc price up circa 60% year to date, thanks to ongoing drilling at at Kempfield in New South Wales.

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.

The current diamond drilling program is 1,600 metres and the first hole commenced in late November.

Drilling is targeting potential silver, gold, lead and zinc mineralisation extensions identified by recent drilling.

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Mon, 05 Dec 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169935/argent-minerals-pockets-government-grant-as-diamond-rig-spins-at-kempfield-169935.html
<![CDATA[News - Argent Minerals leveraged to a running zinc price ]]> http://www.proactiveinvestors.com.au/companies/news/169707/argent-minerals-leveraged-to-a-running-zinc-price-169707.html Argent Minerals Limited (ASX:ARD) is leveraged to a zinc price up circa 60% year to date, thanks to ongoing drilling at the company’s flagship project at Kempfield, New South Wales.

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.

The current diamond drilling program is 1,600 metres and the first hole commenced in late November.

Drilling is targeting potential silver, gold, lead and zinc mineralisation extensions identified by recent drilling.


Drill program

Each hole is planned to a depth of 200 metres totalling 1,600 metres for the eight-hole program.

The current targets are:

- Southern magnetic anomaly – 3 holes;
- Southeast mineralisation extension – 2 holes;
- Northwest mineralisation extension – 2 holes; and
- Quarries depth extension – 1 hole.

Drill site preparations are continuing ahead of schedule with five drill pads completed to date.


The importance of prior drilling

The diamond drill core analyses of the recently completed drill program provide Argent with a leap forward in the understanding of the deposit structure.

A key result of the detailed diamond drill core assessment is the identification of preferentially mineralised horizons that had been strike-slip offset by a laterl (east-west) fault.

An immediate result of this new level of detail is the identification of potentially significant areas of additional mineralisation to the northwest, southeast, and south of the main deposit, currently the focus of drilling.

With the existing JORC resource of 21.8 million tonnes at 75 g/t silver equivalent for 52 million ounces silver equivalent, the additional tonnage potential is significant, and includes the prospect of high grade precious and base metals.


Analysis

Given how much Argent has learnt about Kempfield from the analysis of previous diamond drilling, assays from the ongoing program will be highly anticipated and have high upside potential.

The current drilling leverages Argent to exploration news flow related to both precious and base metal commodities that have experienced price appreciation throughout 2016.

Argent is already well-placed to capture this value, with significant precious metal exposure already in its JORC 2012 resource estimate that hosts:

- 33 million ounces silver;
- 86,000 ounces gold;
- 200,000 tonnes of zinc; and
- 100,000 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.

Any further potential resources identified by the current drill program could act as a catalyst for Argent.

Not only is zinc the top performing base metal year to date in US dollar terms, having hit fresh highs since March 2008, but the recent depreciation of the Australian dollar to around US$0.75 provides an additional boost which Kempfield is strategically positioned to capture if developed.

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Wed, 30 Nov 2016 09:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169707/argent-minerals-leveraged-to-a-running-zinc-price-169707.html
<![CDATA[News - Argent Minerals Ltd wins selection battle for government grant ]]> http://www.proactiveinvestors.com.au/companies/news/167962/argent-minerals-ltd-wins-selection-battle-for-government-grant-167962.html Argent Minerals Ltd (ASX:ARD) has received a major vote of confidence in its West Wyalong project, after receiving a $200,000 grant awarded by the NSW Government for diamond drilling of gold/copper-gold targets.

The award represents the largest funding amount available to any single application out of the heavily contested ‘Round 2’ funding pool total of $2 million, capped at $200,000 per project.

Argent and West Wyalong were selected on the basis of technical and financial merit as assessed by an independent expert advisory panel.


Importance of the upcoming drilling

The completion of the drilling program prior to 30 June 2017 will increase Argent’s interest in West Wyalong to 70% from 51%.

The project is located only 7 kilometres from the West Wyalong gold fields that produced 445,700 ounces of gold between 1894 and 1921.

Adding further interest, the project is situated in the Macquarie Arc of the Lachlan Orogen, which hosts world-class porphyry copper-gold mines such as Newcrest's Cadia and China Molybdenum's Northparkes.

To the north by 37 kilometres is the Lake Cowal gold mine, which was acquired by Evolution Mining Limited in July 2015 for US$550 million.

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Wed, 26 Oct 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167962/argent-minerals-ltd-wins-selection-battle-for-government-grant-167962.html
<![CDATA[News - Argent Minerals Limited reveals gold-silver camp potential for Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/167803/argent-minerals-limited-reveals-gold-silver-camp-potential-for-kempfield-167803.html Argent Minerals Limited (ASX:ARD) is the first company to secure an exploration licence (EL8213) for the Pine Ridge gold mine area since its release from a 15 year lockup under a 3rd party Assessment Lease Application (ALA).

Reverse circulation drilling data under JORC 2012 code includes: 21 metres at 5.6g/t gold from 50 metres.

The importance of this for Argent is that the company has 100% ownership through a low cost tenement application process.

The Pine Ridge gold mine is located in a gold district that has significant unrealised potential, within New South Wales.

Argent’s strategy is to identify potential satellite feedstock mining operations within trucking (and/or conveyor) distance, to support a central mining and processing operation at Kempfield.

Kempfield currently hosts 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

The Pine Ridge gold mine has been identified as a potentially good fit for this strategy.

The Pine Ridge gold mine is located 17 kilometres south-southeast of Kempfield, and the Trunkey goldfields are located 7 kilometres to the east, which is all within the Trunkey-Kings Plain gold belt.


Trunkey goldfields highlights:

– High frequency cluster of gold lodes along 25 kilometres gold trend related to the Copperhannia Thrust.

– Slate belt gold district classification similar to Ballarat/Bendigo goldfields in Victoria, Beaconsfield in Tasmania, Hill End in New South Wales, and the Hodgkinson goldfields in North Queensland.


Pine Ridge historical reverse circulation highlights include:

– 21 metres at 5.6g/t gold from 50 metres, including 1.0 metre at 62.9g/t gold;
– 10 metres at 3.7g/t gold from 73 metres; and
– 18 metres at 2.4 /t gold from 68 metres.

Argent gathered the known available data for the Pine Ridge gold mine from the NSW Department of Industry, Division of Resources & Energy (DRE) database.

The data was then analysed and crosschecked to assess for integrity and quality, as well as the background information and explanations required for a compliant report of exploration results under JORC 2012.


Analysis

The reportable wholly-owned Pine Ridge assets include the drilling data and pre-feasibility study, which is JORC 2012 compliant.

The study includes pit design, favourable metallurgical testwork results, and
preliminary assessments.

Argent’s strategy is to identify potential satellite feedstock mining operations within trucking distance at Kempfield, to support a central mining and processing operation.

The Pine Ridge gold mine could support this.

Argent recently delivered a major breakthrough at Kempfield, following exploration results for the 2016 diamond drilling program.

This includes VHMS host horizons being identified at the Kempfield deposit, leading to efficient drill targeting of high grade precious and base metals.

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Mon, 24 Oct 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167803/argent-minerals-limited-reveals-gold-silver-camp-potential-for-kempfield-167803.html
<![CDATA[News - Argent Minerals delivers major breakthrough at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/167123/argent-minerals-delivers-major-breakthrough-at-kempfield-167123.html Highlights:

- Major breakthrough – VHMS host horizons identified at the Kempfield deposit, leading to efficient drill targeting of high grade precious and base metals.

- Significant potential mineralised extensions identified.

- High grade gold trend geometry identified and confirmed as a later stage orogenic overprint related to the Trunkey-Kings Plain gold system.

- High grade VHMS precious and base metal discovery potential enhanced by identification of key elements characterising Kempfield:

Primary feeder zone defined by analysis that vectors to an untested area with a coincident high magnetic signature to the south of the known deposit; Secondary feeder zones located in Kempfield North and Quarries Zone; and Potential mineralised extensions of the newly identified VHMS host horizons into substantial untested areas to the northwest and southeast of the known deposit.

- Massive sulphide intersections in proximity to known intrusive confirm Kempfield North as a high-ranking target area.

- Proven continuity of mineralisation along strike and at depth in Kempfield North.

- Design of follow-up drill testing program underway.


VHMS host horizons

Vital to the exploration of volcanic-hosted massive sulphide (VHMS) systems is the identification of the specific host rock horizons or geological features that control mineralisation, and their arrangement.

The litho-stratigraphy has now been defined at the Kempfield deposit and four key host horizons have been identified.

Horizons A, B, C and D have been identified within stratigraphy that dips approximately 700-800 to the west and youngs to the east.

The identification of the lithology and host horizons represents a major breakthrough for the project, leading to highly efficient drill targeting of high grade precious and base metals at Kempfield.

The picture above is a simplified geological plan view illustrating the dominant lithology and identified VHMS host horizons projected to surface, together with outlines of the three mineralisation zones of the known deposit and the 11 recently drilled holes.


High-grade gold trend

The diamond drill core assessment has confirmed two main types of gold occurrences at Kempfield:

- VHMS related gold – generally in the range of 0.5-1.5 g/t golf, widespread, and associated with the original VHMS silver and base metal mineralisation event; and

- Orogenic gold overprint related to the Trunkey-Kings Plain gold system – that occurred as a later stage event. Gold occurrences of highly variable grades to as high as 1.0 metre at 1,065 g/t gold from 97 metres have been identified as being related to the Trunkey-Kings Plain orogenic gold system.

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Mon, 10 Oct 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167123/argent-minerals-delivers-major-breakthrough-at-kempfield-167123.html
<![CDATA[News - Argent Minerals Ltd finalises placement for substantial work programs ]]> http://www.proactiveinvestors.com.au/companies/news/165561/argent-minerals-ltd-finalises-placement-for-substantial-work-programs-70635.html Argent Minerals Ltd (ASX:ARD) has now completed the heavily oversubscribed private placement to sophisticated investors.

The placement was priced at $0.03 and raised $1.755 million before costs.

Listed options have been issued and trade under ASX:ARDO, and have an exercise price of $0.10 with an expiry of 27th June 2019.

Following the raising Argent has a strong cash position that is in the process of being deployed to expedite an aggressive series of exploration programs for the 2016/17 financial year.

A further boost to the cash position is also expected as the company prepares to lodge its 2016 research and development claim.

Work programs under preparation include an expansion of the scope of the Kempfield project that will include the Trunkey and Pine Ridge goldfields, as the company also expedites the inaugural drill test of the two large gold targets at West Wyalong currently scheduled for commencement in October 2016.


Upcoming news

Assays and analysis are pending for the balance of the results of the recent 12 hole 3,167 metre diamond drilling program at Kempfield.

Kempfield is located in New South Wales and currently hosts 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

The project recently yielded 1 metre at 1,065g/t gold from 97 metres.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 24 Aug 2016 09:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165561/argent-minerals-ltd-finalises-placement-for-substantial-work-programs-70635.html
<![CDATA[News - Argent Minerals Ltd is cashed-up and ready to advance exploration ]]> http://www.proactiveinvestors.com.au/companies/news/148907/argent-minerals-ltd-is-cashed-up-and-ready-to-advance-exploration-69821.html Argent Minerals Ltd (ASX:ARD) recently raised $1.75 million in a heavily oversubscribed placement, which at the time was at a premium.

Achieving a premium is a rare feat.

Interest in Argent continues to grow on the back of a rebound in the silver price, with the commodity up over 50% so far in 2016, and currently sits above US$20 an ounce.

Argent's Kempfield project in New South Wales currently hosts 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

Not to be forgotten - the project recently yielded 1 metre at 1,065g/t gold from 97 metres.

More diamond drilling assays are pending.

With the drilling wrapped up, this has freed up the company’s technical team to focus on updating the 3D Kempfield deposit model with the core logging and available assay data.

This will be the first detailed 3D model that has been constructed for the deposit since Kempfield exploration began in the 1970's, containing comprehensive stratigraphic, structural, geochemical and geophysical data.


Exploration portfolio

Substantial drill program preparation underway as Argent commences the 2016/17 financial year with a strong cash position and outlook.

The West Wyalong Theia and Narragudgil gold target drill test in advanced stages of preparation.

The West Wyalong drill program expenditure is anticipated to advance the company’s interest in the project to 70% from 51%.

The project is highly prospective being located in the West Wyalong gold mining district, which has seen the Cowal Mine being purchased for US$550 million in July 2015.

At the Trunkey Creek and Pine Ridge projects, Argent has prioritised a gold focus:

– Review and analysis of NSW Government historic data commenced to enable reporting in accordance with JORC 2012; and

– Access processes underway for field reconnaissance and geochemical sampling in preparation for drill-testing.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 14 Jul 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148907/argent-minerals-ltd-is-cashed-up-and-ready-to-advance-exploration-69821.html
<![CDATA[News - Argent Minerals Ltd attracts new funds at a premium ahead of drilling ]]> http://www.proactiveinvestors.com.au/companies/news/148906/argent-minerals-ltd-attracts-new-funds-at-a-premium-ahead-of-drilling-69489.html Argent Minerals Ltd (ASX:ARD) has attracted sophisticated investors at a 15% premium, based on its share price before a halt was called pending the details.

The heavily oversubscribed raising increased Argent's cash balance by $1.75 million with the issue of shares at $0.03.

Raising funds at a premium in the current difficult capital markets shows a major vote of confidence in the company, and that these investors wanted to be leveraged to the company's future news flow.

Argent has several projects which could be company makers, including the Kempfield project in New South Wales, which currently hosts 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

The project recently yielded 1 metre at 1,065g/t gold from 97 metres, and Argent's immediate focus is to advance its existing gold projects at Kempfield.

These include Trunkey Creek and the most recent tenement acquisition to the south containing the historic Pine Ridge gold mine.

Kempfield was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.


Assays pending

More drilling assays are imminent from Kempfield.

Recent drilling has already identified strike and significant depth extensions, with a resource review following receipt of all assays.


West Wyalong

The West Wyalong project remains a potentially very important asset of the company's portfolio.

Argent is progressing its ownership towards a 70% interest, with the new funds to allow it to drill test the Theia and Narragudgil targets for copper-gold/gold.

The project is located only 7 kilometres from the West Wyalong gold fields that produced 445,700 ounces of gold between 1894 and 1921, and is located 37 kilometres to the north of the Lake Cowal mine.

Boosting the prospectivity, West Wyalong is situated in the Macquarie Arc of the Lachlan Orogen, which hosts world-class porphyry copper-gold mines such as Newcrest's Cadia and China Molybdenum's Northparkes.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 28 Jun 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148906/argent-minerals-ltd-attracts-new-funds-at-a-premium-ahead-of-drilling-69489.html
<![CDATA[News - Argent Minerals Ltd gets set for cash raiser ahead of next Kempfield results ]]> http://www.proactiveinvestors.com.au/companies/news/148905/argent-minerals-ltd-gets-set-for-cash-raiser-ahead-of-next-kempfield-results-69421.html Argent Minerals Ltd (ASX:ARD) recently delivered some encouraging interim results from a diamond drilling program at its Kempfield project in New South Wales.

More assays are pending.

Kempfield's resource is currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

Also, the project was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.

Argent has today been granted a trading halt by the ASX pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 28th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 24 Jun 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148905/argent-minerals-ltd-gets-set-for-cash-raiser-ahead-of-next-kempfield-results-69421.html
<![CDATA[News - Argent Minerals Ltd's assays high-grade lead-zinc and silver at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/148904/argent-minerals-ltds-assays-high-grade-lead-zinc-and-silver-at-kempfield-69232.html Argent Minerals Ltd (ASX:ARD) has delivered some encouraging interim results from a diamond drilling program at its Kempfield project in New South Wales.

Kempfield's resource is currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

Also, the project was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.

While further assays are imminent, initial results include: 2 metres at 11.7% lead+zinc from 176.4 metres.

Extensive intervals of silver have also been intersected, including grades as high as 1.0 metre at 176 g/t silver from 328.6 metres.

A key milestone has also been achieved through the confirmation of a footwall position in the Kempfield VHMS system, which is associated with higher base and precious metal grades.

A new mineralisation zone (Zone 4) has been identified, as well as new discrete lenses, significantly increasing Argent’s understanding of the Kempfield VHMS system.

This is a key to on-going drill testing for additional mineralisation.


Gold adds interest

Numerous gold intervals have also been intersected throughout the drill holes, with grades up to 0.7 metres at 5.1 g/t from 32.3 metres.

This adds to the growing database of gold occurrences at Kempfield, such as the previous bonanza: 1.0 metre at 1,065g/t gold from 97 metres.


Resource review

Strike and significant depth extensions to known Kempfield mineralisation have been confirmed, justifying the need for a resource review following receipt of all assays.

Along with this would be a update of the Kempfield 3D model over the months ahead with all of the new assay, lithostratigraphic, structural, and geochemistry data.


Next steps

As Argent continues to study the results of this drilling program, the Company will, in parallel, commence planning of the next stage of drilling at Kempfield.

The next stage is expected to include a primary focus of following up the identified VHMS footwall position, and the associated feeder zone potential for high grade base and precious metals.

A key priority is the follow up of the additional gold potential identified at the Kempfield project area.

In addition to following up the gold potential within the main Kempfield deposit, the company will be accelerating plans to test drill the Trunkey area, which falls within the main Kempfield tenement, and owned 100% by Argent.

Argent will also commence mapping and surface geochemical sampling of the EL8213 tenement to the south of Kempfield, which includes the historic Pine Ridge gold mine.

The copper-gold anomalies at the West Wyalong project will also be drill-tested, advancing Argent’s 51% interest toward 70%.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 15 Jun 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148904/argent-minerals-ltds-assays-high-grade-lead-zinc-and-silver-at-kempfield-69232.html
<![CDATA[News - Argent Minerals Ltd reveals gold target at West Wyalong ]]> http://www.proactiveinvestors.com.au/companies/news/148903/argent-minerals-ltd-reveals-gold-target-at-west-wyalong-68598.html Argent Minerals Ltd (ASX:ARD) continues to advance several key projects, and at the highly prospective West Wyalong, a high resolution extension IP survey confirms an additional anomaly on the south east portion of 2015 survey at Narragudgil.

West Wyalong is located in elephant territory.

The project is only seven kilometres from the West Wyalong gold fields that produced 445,700 ounces of gold between 1894 and 1921, and is situated in the Macquarie Arc of the Lachlan Orogen in New South Wales.

This area hosts world-class porphyry copper-gold mines such as Newcrest's Cadia, China Molybdenum's Northparkes, and the Lake Cowal mine.

Cowal was acquired by Evolution Mining Limited (Evolution) in July 2015 for US$550 million.


Details of the IP anomaly

The new Narragudgil IP anomaly is coincident with a magnetic low and anomalous gold and copper intersected by historic shallow drilling in the area.

The Theia and Narragudgil anomalies are potentially indicative of broad alteration systems resulting from intrusive-related hydrothermal activity.

Geophysics data is now of sufficient resolution to enable efficient drill targeting.


Argent stake in West Wyalong

Design work underway to drill test both Theia and Narragudgil targets, as Argent continues to advance the project toward 70% ownership.

Argent is able to increase its current 51% interest by investing a further $372,500 in JVA exploration expenditure by 30 June 2017, including $200,000 of in-ground expenditure.


Analysis

The result of the geophysical surveys and analyses performed by Argent is that two targets have now been identified and delineated for drill testing at the West Wyalong project – the previously identified Theia target, and the new target at Narragudgil.

Each target has a coincident magnetic low, IP chargeability high and anomalous gold geochemistry.

The coincident geophysical and geochemical anomalies are considered to be potential indicators of broad alteration systems resulting from intrusive-related hydrothermal activity consistent with a porphyry copper gold stock and associated epithermal mineralisation.

The company said that the geophysics data is now of sufficient resolution to enable efficient drill targeting and planned drill testing of the Theia porphyry copper gold target has been extended to include drill testing of the new Narragudgil gold target.

Other news on the horizon:

News from the Kempfield diamond drilling campaign is just around the corner, with assays pending from the first two holes of the 12 hole, 3,330 metre campaign.

Adding interest, Argent previously said that the zone of strong hydrothermal alteration intersected by one of these holes is consistent with the recent spectacular: 1 metre at 1,065g/t gold intersection.

Kempfield was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.

The resource is predominantly silver, currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 13 May 2016 11:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148903/argent-minerals-ltd-reveals-gold-target-at-west-wyalong-68598.html
<![CDATA[News - Argent Minerals Ltd outlines positive drill core visuals, assays pending ]]> http://www.proactiveinvestors.com.au/companies/news/148902/argent-minerals-ltd-outlines-positive-drill-core-visuals-assays-pending-68032.html Argent Minerals Ltd (ASX:ARD) has updated on the observed mineralisation in holes AKDD182 and AKDD183, the first two holes for which logging has been completed of the 12 hole, 3,330 metre Kempfield diamond drilling campaign.

Argent said that the zone of strong hydrothermal alteration intersected by hole AKDD182 is consistent with the recent spectacular: 1 metre at 1,065g/t gold intersection.

Assays are pending for gold and copper. Core sampling is underway with results expected in coming weeks.

Kempfield was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.

The resource is predominantly silver, currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

Overnight, silver broke through US$16 an ounce barrier for the first time on a month, settling 1.5% stronger US$16.22 an ounce.


Current drilling

Historical drilling at Kempfield has generally been limited to a relatively shallow depth of only 120 metres.

The current drilling campaign has been designed to test the potential for an increase in tonnes and grade at depth and along strike in order to progress the Kempfield project toward economic viability and mining operations.


AKDD182 – follow up to AKDD181 spectacular gold intersection

AKDD182 was designed to test for a down-dipextension of the spectacular gold mineralisation zone intersected by hole AKDD181, of 1 metre at 1,065g/t gold from 97 metres.

AKDD182 intersected areas of strong chlorite alteration and silicification associated with a series of concordant quartz veins in a position considered to be continuous from AKDD181.

AKDD182 also intersected a zone of stringer chalcopyrite (copper) at 71 metres with cross-cutting pyrrhotite veins.

Argent said that pyrrhotite and chalcopyrite stringers and blebs (small, localised ‘blister’ like features) were observed at various intervals throughout the lower portion of the drillhole.

These observations are consistent with the type of mineralisation that can be expected in the higher temperature and pressure formation conditions associated with the footwall position of a volcanic-hosted massive sulphide (VHMS) deposit.


AKDD183 – Sphalerite (zinc) and galena (silver, lead) observed

The second hole in the program, AKDD183, was designed to test for depth and strike extensions of known Zone 2 mineralisation, and importantly, continuity of mineralisation.

AKDD183 intersected a series of variably mineralised zones throughout the extent of the drillhole.

Cleavage and fracture controlled red-brown sphalerite (zinc) and galena (silver, lead) occurs between 46 to 50 metres, which indicates a degree of remobilisation and structural enrichment during a later orogenic phase at Kempfield.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 13 Apr 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148902/argent-minerals-ltd-outlines-positive-drill-core-visuals-assays-pending-68032.html
<![CDATA[News - Argent Minerals Ltd has assays pending from first two holes at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/148901/argent-minerals-ltd-has-assays-pending-from-first-two-holes-at-kempfield-67779.html Argent Minerals Ltd (ASX:ARD) currently has a 12-hole 3,330 metre diamond drilling program underway at Kempfield in New South Wales, which already hosts 33 million silver ounces, and recently yielded 1 metre at 1,065g/t gold.

The first two holes are completed, and Argent said they have positive early visual results.

Assays are expected within the coming weeks. A third hole is now underway.

The Kempfield diamond drilling campaign is being executed on a 24 hr/7 day basis (including during the Easter period) for rapid delivery of results, and optimised costs per metre drilled.

The drilling schedule, which is subject to efficiency adjustments as the campaign progresses, aims to complete the 12 holes before 30 June 2016.

The program includes specific follow up of the high grade precious and base metals intersected in the south-western area of the deposit.

These included: 5 metres at 17.9% lead/zinc, 259g/t silver and 0.34g/t gold from 88 metres; and 14 metres at 5.2% lead/zinc, 64.5g/t silver and 1.5g/t gold from 72 metres.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 30 Mar 2016 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148901/argent-minerals-ltd-has-assays-pending-from-first-two-holes-at-kempfield-67779.html
<![CDATA[News - Argent Minerals Limited bolsters cash position for aggressive drilling ]]> http://www.proactiveinvestors.com.au/companies/news/148900/argent-minerals-limited-bolsters-cash-position-for-aggressive-drilling-67435.html Argent Minerals (ASX:ARD) has bagged new funds from sophisticated and professional investors for an aggressive 24 hour / 7 day a week drilling program.

The placement includes 40,150,000 shares at $0.02 each, which bolsters the company's cash balance, yet only has a small dilution impact.

Proceeds will be used across two projects.

At Kempfield, funds will be used for the next stage of the diamond drilling program targeting high grade precious and base metals targets.

The project was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.

The resource is predominantly silver, currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.

At West Wyalong, Argent will extend the high resolution induced polarisation geophysics survey over the copper gold target, and will also progress towards 70% ownership under the recently updated terms.


Drilling at Kempfield

Argent has scheduled drilling to commence on Wednesday 16th March 2016, with an immediate follow up to hole AKDD181.

A new drilling contractor has been appointed with 24 hour/7 day operations capabilities for a high impact, accelerated results drilling program.

Kempfield recently yielded the bonanza intersection of 1 metre at 1,065g/t gold.

The drilling campaign has been designed to test for high grade precious metals and base metals, and features tests along strike as well as for mineralisation zone extensions at depth and potentially new zones of mineralisation, based on the most recent 3D modelling and interpretation.

In addition to the intersected mineralisation, the 3D Kempfield model has been updated in detail during January and February 2016 to include revised stratigraphic and structural information, and geochemical interpretation that
is key to drill hole design optimisation.

These advanced techniques were successfully utilised by the Argent exploration manager in a previous employment position to discover 22 million tonnes of high grade volcanic-hosted massive sulphide (VHMS) mineralisation at MMG’s Rosebery Mine in Tasmania.

Regulatory approvals have been obtained for an immediate start to the Kempfield drill pad preparation, which is currently underway.


Analysis

Argent's cash raiser, along with existing reserves, would give the company a cash balance in the vicinity of $1.5 million, and an enterprise value of just $4.5 million.

Kempfield already hosts 33 million silver ounces, and recently yielded 1 metre at 1,065g/t gold.

Argent's aggressive approach to drilling 24 hours a day and 7 days a week, will deliver strong newsflow in the near-term.

Considering the current resource and valuation, Argent is highly leveraged to exploration success.

Key share price drivers:

- High grade base & precious metals discovery at Kempfield;
- A copper gold discovery at West Wyalong; and
- Silver price breakout upward.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 10 Mar 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148900/argent-minerals-limited-bolsters-cash-position-for-aggressive-drilling-67435.html
<![CDATA[News - Argent Minerals Limited sets sail for raising ]]> http://www.proactiveinvestors.com.au/companies/news/148899/argent-minerals-limited-sets-sail-for-raising-67379.html Argent Minerals (ASX:ARD) has been granted a trading halt by the ASX, pending details of a capital raising.

Recent drilling at its wholly-owned Kempfield polymetallic project in New South Wales delivered 1 metre at 1,065 g/t gold from 97 metres.

The halt will remain in place until the opening of trade on Thursday 10th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 08 Mar 2016 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148899/argent-minerals-limited-sets-sail-for-raising-67379.html
<![CDATA[News - Argent Minerals agrees West Wyalong farm-in terms, exploration to heat up ]]> http://www.proactiveinvestors.com.au/companies/news/148898/argent-minerals-agrees-west-wyalong-farm-in-terms-exploration-to-heat-up-66939.html Argent Minerals (ASX:ARD) will now have until 30 June 2017 to increase its interest from 51% to 70% in the West Wyalong Farmin with Golden Cross Resources (ASX:GCR) after the partners agreed to the extension.

This is an extension of 18 months beyond the previous earn-in date of 9 January 2016.

Significantly, the balance of Argent’s $1,350,000 total commitment to earn 70% has been reduced to $372,570, having invested a total of $977,430 in the project as at 2 December 2015.

A large copper-gold target has been identified by Argent at West Wyalong which shows significant potential given the mineral endowment of the region.

The project is just 7 kilometres from the West Wyalong gold fields that produced 445,700 ounces of gold between 1894 and 1921.

The region hosts the world-class porphyry copper-gold mines of Newcrest's Cadia and China Molybdenum and Sumitomo's Northparkes copper and gold mine located 27 kilometres north west of Parkes.

Located only 37 kilometres to the north of West Wyalong is the Cowal mine. Cowal was acquired by Evolution Mining (ASX:EVN) in July 2015 for US$550 million and has ore reserves of 2.2 million ounces of gold.


Exploration about to heat up at West Wyalong porphyry copper gold target

First up is the commencement of an extended induced polarisation (IP) geophysics survey scheduled for February 2016.

This will be followed with the design of a drill test plan for the target.

The Argent identified the target through a magnetic survey that was flown over the area in 2014, and confirmed it in September 2015 with an induced polarisation survey.

Argent’s check of historical exploration records also revealed that strong copper–gold geochemistry had been intersected by shallow aircore drilling by Newcrest prior to Argent’s geophysics surveys.

Other operators appear to have their eye on the potential of the area, with Sandfire also acquiring a strip of tenements to the south east of West Wyalong from Straits Resources in October 2015.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 09 Feb 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148898/argent-minerals-agrees-west-wyalong-farm-in-terms-exploration-to-heat-up-66939.html
<![CDATA[News - Argent Minerals awakens Kempfield with 1,065g/t gold hit ]]> http://www.proactiveinvestors.com.au/companies/news/148897/argent-minerals-awakens-kempfield-with-1065gt-gold-hit-66321.html Argent Minerals (ASX:ARD) has hit some bonanza grade gold at its wholly-owned Kempfield polymetallic project in New South Wales.

Kempfield has VHMS (volcanic-hosted massive sulphide) base and precious metals potential.

Holes AKDD181 and AKDD180 have both intersected copper values, including 1.8 metres at 1.21% copper from 136 metres by hole AKDD181.

Hole AKDD181 has also intersected very high grade gold, including 1 metre at 1,065 g/t gold from 97 metres.

Argent said that whilst the exploration results are preliminary in nature at this early stage of the planned 7 hole 3,200 metre drilling program, the intersections confirm the occurrence of new mineralisation that extends along strike to the north.

This supports earlier interpretations by the company of a Lens 4 based on magnetometric conductivity (MMC) surveys performed in 2014, and symmetry with existing known lenses.

Intersections also confirm depth extensions of Lens 2 to greater than 400 metres, with the observed alteration intensity indicating proximity to possible massive sulphides.

Whilst elevated assays were observed at the Lens 3 position for hole AKDD181, no significant mineralisation was intersected in that location.


Resource

Kempfield is predominantly a silver resource currently defined as: 21.8 million tonnes at 47g/t silver for 33 million silver ounces, + 300,000 tonnes lead/zinc.


NSW State Government support

Kempfield was peer reviewed by the NSW State Government, and awarded Top 5 funding based on project merit.


Analysis

Further analysis will be conducted by Argent on the first two holes, including pathfinder element geochemistry, in order to optimise the position and design of the next holes in the drilling program.

Drilling is anticipated to recommence during the 3rd week of January 2016, depending on the analysis and drilling logistics.

 

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Tue, 22 Dec 2015 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148897/argent-minerals-awakens-kempfield-with-1065gt-gold-hit-66321.html
<![CDATA[News - Argent Minerals bags funds from research and development claim ]]> http://www.proactiveinvestors.com.au/companies/news/148896/argent-minerals-bags-funds-from-research-and-development-claim-65424.html Argent Minerals (ASX:ARD) has received a $269,000 cash boost for a research and development (R&D) claim for the financial year ending 30 June 2015.

The claim relates to a range of technical development activities associated with advancing the Kempfield Polymetallic Project, located in New South Wales.

David Busch, managing director, commented: “We appreciate the support of the Federal Government through the R&D Tax Incentive Scheme.

"These funds will be applied strategically to support the company’s exploration programs at the Kempfield and West Wyalong projects."

Together with the $771,921 raised through the oversubscribed Share Purchase Plan shortfall placement in October 2015, over $1 million cash has been added to Argent’s reserves, before costs.

Argent has commenced a 7 hole, 3200 metre diamond drilling program at Kempfield, and is preparing to conduct additional geophysics survey work at the West Wyalong copper-gold target.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 04 Nov 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148896/argent-minerals-bags-funds-from-research-and-development-claim-65424.html
<![CDATA[News - Argent Minerals brings big guns to drilling at Kempfield ]]> http://www.proactiveinvestors.com.au/companies/news/148895/argent-minerals-brings-big-guns-to-drilling-at-kempfield-65229.html Argent Minerals (ASX:ARD) has begun extended reach deep diamond drilling at its Kempfield project in New South Wales to test significant identified potential at depth for high-grade zinc, lead, silver and gold.

The first of two diamond drilling rigs are on site on with an additional drill rig set to mobilise to Kempfield within the next few days.

The program will include seven holes for 3,200 metres beneath a known deposit defined by shallow historical drilling to only 120 metres, which left the majority of the deposit open at depth.

As an accelerated start, the first two holes are being drilling concurrently, with an aim to extend mineralisation at depth and obtain important stratigraphic information.

Exploration at the site has already delivered high-grade intersections, with up to 5 meters at 17.9% lead-zinc from 88 metres and 5 metres at 4g/t gold.

Both of these samples were recorded immediately west of the known deposit.

Argent’s model of the deposit predicts potential extension to existing lenses along strike, as well as the possibility of new lenses, both of which are also consistent with the characteristics of this type of deposit – volcanic-hosted massive sulphides (VHMS).


New VHMS expertise

The drilling program is being conducted under the direct supervision of Argent exploration manager, Todd McGilvray, who joined Argent in last month.

As a geologist trained by the Centre of Excellence in Ore Deposits (CODES), McGilvray will leverage his experience leading the exploration effort that resulted in the discovery of new VHMS mineralisation lenses for an additional 22 million tonnes of high-grade base and precious metals at MMG Limited’s Rosebery deposit in Tasmania.

This accomplishment extended the mine life to 88 years.

McGilvray joined Argent as the company embraced a more integrated relationship with CODES Professor Ross Large, who is often esteemed as the preeminent authority in VMS deposits in Australia.


Funding progress

Start-up of the drilling campaign follows the raising of A$771,921 in an oversubscribed share purchase plan shortfall and a $269,000 research and development claim made last week.

These two fundraisers bring cash on Argent’s balance sheet to more than $1 million.

The proceeds will be used for the drill program as well as downhole geophysics surveys for selected Kempfield diamond holes, working capital and follow up work in relation to the high resolution induced polarisation geophysics survey at the company’s West Wyalong copper-gold target (also in NSW).


West Wyalong

Recent survey work at West Wyalong has represented a major step forward in confidence and practical development of the project by defining corresponding geologic anomalies meriting further investigation.

The farm-in joint venture between Argent Minerals (Operator) and Golden Cross Resources Limited (ASX:GCR) is considered a porphyry copper-gold target with potential for a major discovery in a rich, productive area which has yielded some of Australia’s best copper-gold deposits.

Argent’s tenements in the area lie only 37 kilometres from Evolution Mining’s (ASX:EVN) Lake Cowal gold mine.

Historically, the West Wyalong goldfields produced about 445,700 ounces of gold between 1894 and 1921.


Analysis

Argent is bringing big guns to Kempfield with three drilling rigs set to turn based on a premise that historical drilling may have only identified the upper 120 metres of a series of parallel mineralisation lenses that could extend to substantial depths.

The JORC 2012 resource of 21.8 million tonnes containing 52 million ounces of silver equivalent in contained silver, gold as well as lead and zinc, may just be the start if the company's genesis model for the deposit with potentially significant implications for the Kempfield Polymetallic Project.

This sprung from a series of methodical investigations that uncovered a range of scientific evidence, including high grade lead and zinc intersections of up to 5 metres at17.9% Pb/Zn from 88 metres, and 5 metres at 4 g/t of gold, both immediately to the west of the known deposit.

Hence there are significant price drivers with the drill rigs at work and result to come, which is trading about 37% higher than early last month at A$0.026.

The strong response from both new and existing shareholders to Argent’s latest fundraiser demonstrates the strong level of sentiment for the company portfolio in a world class minerals region and the core commodities targeted.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 22 Oct 2015 12:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148895/argent-minerals-brings-big-guns-to-drilling-at-kempfield-65229.html
<![CDATA[News - Argent Minerals banks new funding as lead-zinc drilling begins ]]> http://www.proactiveinvestors.com.au/companies/news/148894/argent-minerals-banks-new-funding-as-lead-zinc-drilling-begins-65172.html Argent Minerals (ASX:ARD) has raised A$771,921 in an oversubscribed share purchase plan shortfall ahead of deep diamond drilling at the company’s Kempfield lead-zinc project in New South Wales this week.

Along with a $269,000 research and development claim made last week, the share plan brings cash on Argent’s balance sheet to more than $1 million.

The proceeds will fund a 7-hole, 3,200-metre extended reach drilling program at Kempfield, targeting high-grade zinc/lead mineralisation and potentially copper and gold.

The money will also benefit downhole geophysics surveys for selected Kempfield diamond holes, follow up work in relation to the high resolution induced polarisation geophysics survey at the company’s West Wyalong copper-gold target (also in NSW), and working capital.

Recent survey work at West Wyalong has represented a major step forward in confidence and practical development of the project by defining corresponding geologic anomalies meriting further investigation.

Meanwhile, two key technical appointments made in recent weeks are expected to provide Argent with access to the latest techniques and analytical facilities for the targeting of high-grade VMS mineralisation at Kempfield.


Analysis

The strong response from both new and existing shareholders to Argent’s latest fundraiser demonstrates the strong level of sentiment for the company portfolio in a world class minerals region and the core commodities targeted.

The deep diamond drill program at Kempfield polymetallic project to commence this week provides investors with new price catalysts and an exposure to zinc and precious metals with the renewed interest in the resources sector.

Drilling will bring increased news flow as a fascinating exploration program unfolds as Argent looks to find Australia's next high grade lead/zinc discovery. There is near term production potential.

Drivers to a further share price re-rating include: a potential copper gold discovery at West Wyalong, additional geophysics performed on large porphyry copper-gold target - results pending and any silver price breakout upward (significant leverage to silver).

There is also follow up work at the Company’s West Wyalong copper gold target. Historically, the West Wyalong goldfields produced about 445,700 ounces of gold between 1894 and 1921.

Argent’s tenements in the area lie only 37 kilometres from Evolution Mining’s (ASX:EVN) Lake Cowal gold mine.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 19 Oct 2015 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148894/argent-minerals-banks-new-funding-as-lead-zinc-drilling-begins-65172.html
<![CDATA[News - Argent Minerals to gain R&D funding booster ]]> http://www.proactiveinvestors.com.au/companies/news/148893/argent-minerals-to-gain-rd-funding-booster-65070.html Argent Minerals (ASX:ARD) is looking to add $269,000 to its cash at bank through a tax incentive refundable offset from FY15, with an outcome and processing expected in 4-6 weeks.

The claim relates to technical development activities at its wholly-owned Kempfield Polymetallic Project, where a preparations for a new seven hole, 3200 metre deep diamond drilling program are underway.

Kempfield holds a JORC resource of 52 million ounces of silver equivalent, and has near-term production potential.

The primary goals of the Kempfield campaign are to add tonnes of high-grade lead-zinc mineralisation, improving potential of feeder zones and multiple volcanogenic massive sulphide lenses.

Argent has previously identified some of the rich combined lead-zinc grades of up to 17.9% at the site – amongst the highest grades in Australia.

These were immediately to the west of the existing resource, as well as the potential for multiple additional VMS lenses and a feeder zone.

Whilst the company has established an initial goal of discovering an additional 5 million tonnes at Kempfield with higher grade lead-zinc, silver, gold and potentially, copper, the potential for a much larger system and associated world-class discovery has been identified.

Successful exploration of this opportunity will be a game-changer with company-maker potential for Argent.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 13 Oct 2015 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148893/argent-minerals-to-gain-rd-funding-booster-65070.html
<![CDATA[News - Argent Minerals reveals porphyry / epithermal copper gold potential ]]> http://www.proactiveinvestors.com.au/companies/news/148892/argent-minerals-reveals-porphyry-epithermal-copper-gold-potential-64837.html Argent Minerals (ASX:ARD) has achieved a major advancement in outlining the potential for a massive deposit at its West Wyalong copper-gold project in New South Wales by confirming a large drilling target.

Results of a high resolution ground induced polarisation (IP) survey conducted at the project revealed a large, broad area of increased chargeability coincident with a previously defined gravity anomaly measuring 1.4 kilometres by 0.8 kilometres.

The combined magnetic and IP feature, together with the presence of high copper values in nearby drill results, is considered to be prospective for porphyry/epithermal style copper gold mineralisation.

There is the potential for similarities to significant deposits nearby, including that of Evolution Mining’s (ASX:EVN) massive Lake Cowal mine, which holds resources of 5.1 million ounces of gold.

With the target now defined at West Wyalong, a drill test plan is set to be designed.

The geology in this area is considered similar to the terrain at the region’s Northparkes operation, which is capable of producing in excess of 50,000 ounces of gold a year.

Historically, the West Wyalong goldfields produced about 445,700 ounces of gold between 1894 and 1921.

Argent’s tenements in the area lie only 37 kilometres from the Lake Cowal mine.


A sharpened team in a key jurisdiction

Proximity to Cowal, Northparkes and other world-class mines in the region such as Newcrest Mining’s (ASX:NCM) Cadia complex puts Argent in an uncommonly compelling peer group for a junior explorer.

NSW’s Lachlan Orogen is a region with some of the deepest history of mining in Australia, with richly mineralised yet surprisingly underexplored terrains.

The recent breakthrough in exploration technique which revealed the potential at the nearby Kempfield lead-zinc project has meant that Argent has secured a new, highly specific geophysical tool to conduct low-cost delineation of targets in this area.

The effort was supported earlier this month by two key technical appointments expected to provide Argent with access to the latest techniques and analytical facilities for the targeting of high-grade VMS mineralisation.

The technical expansion will include more integrated cooperation from Professor Ross Large of the Centre of Excellence in Ore Deposits (CODES), which is often esteemed as the preeminent authority in VMS deposits in Australia.

This knowhow was added to with the appointment of CODES-trained geologist Todd McGilvray as exploration manager. McGilvray’s credentials include the leadership of the exploration effort that resulted in the discovery of new ore lenses and a new mineralised domain, for an additional 22 million tonnes of high grade base and precious metals at MMG Limited’s (HKEx:1208) Rosebery deposit in Tasmania, extending the mine life to 88 years.


Silver, gold exposure in a diversified portfolio

A busy time in exploration and internal optimisations is improving confidence in Argent, with the company recently flagging preparations for a 3,200-metre diamond drilling program at Kempfield while survey work builds a copper-gold case for West Wyalong – with the potential for an added bonus if the silver price breaks upward.

As drilling gets underway at Kempfield traction in the silver market seem to be setting up the explorer for a share price rerating.

With substantial exposure to the silver sector, Argent has benefited from momentum in the white metal before. Argent shares (last trading at A$0.024 spiked as high as $0.29 in 2011 when the silver price surged to US$50 per ounce.

A low-cost silver-gold heap leach operation at Kempfield – for which an Environmental Impact Statement was submitted to the NSW Government in April 2013 – remains in place as a fast-response, market-ready option, to take advantage of any pricing recovery that may occur in the precious metal space.

Kempfield holds a JORC resource of 52 million ounces of silver equivalent.

The primary goals of the Kempfield campaign, however, are to add tonnes of high-grade lead-zinc mineralisation, improving potential of feeder zones and multiple volcanogenic massive sulphide (VMS) lenses.

Argent has previously identified some of the rich combined lead-zinc grades of up to 17.9% at the site – amongst the highest grades in Australia.

These were immediately to the west of the existing resource, as well as the potential for multiple additional VMS lenses and a feeder zone.

Whilst the company has established an initial goal of discovering an additional 5 million tonnes at Kempfield with higher grade lead-zinc, silver, gold and potentially, copper, the potential for a much larger system and associated world-class discovery has been identified.

Successful exploration of this opportunity will be a game-changer with company-maker potential for Argent.


Analysis

The survey indications of a large porphyry/epithermal style mineralisation target at West Wyalong represent a major step forward in confidence and practical development of the project. Upside for the project is further enhanced by its proximity and similarity to world-class deposits including the Lake Cowal mine (5.1 million ounces) only 37 kilometres away.

That IP chargeability results correspond closely with a previously defined magnetic anomaly reinforces the validity of a substantial size target that merits further investigation

Development of Kempfield’s demonstrated multi-mineral potential with the guiding hand of experienced new leadership could result in a defining, game-changer moment in Argent’s history.

Argent’s exposure to zinc, copper, gold and silver simultaneously benefits from the safe haven aspects of precious metals and a substantial market presence in strategic, high-tech applications.

As the tech applications of gold remain such a small minority of its commercial potential, silver is perhaps the only metal with this marketing versatility.

Recent growth in silver mine production seems set to unravel since much of the output has come as by-product streams from struggling base metal operations. Multi-metal companies with a stronger focus on silver, such as Argent, may therefor benefit from a pinch in the precious metal’s supply-demand dynamic.

Argent’s developments have also been strategically timed to coincide with market forecasts of a worldwide shortage of zinc and significant zinc price increases on the London Metals Exchange.

In 2005, the price of zinc surged to more than $US4,000/t in response to LME stocks falling to similar levels in place today.

A major zinc producer, the Century mine in QLD, has officially stopped mining, to now run out the stockpiles with the last of its processing, leaving a gap in the market of approximately 500,000 tonnes per year.

The company’s portfolio is in a region which already hosts a number of large, highly profitable operations, including the largest underground copper-gold mines in the southern hemisphere.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 30 Sep 2015 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148892/argent-minerals-reveals-porphyry-epithermal-copper-gold-potential-64837.html
<![CDATA[News - Argent Minerals adds critical expertise ahead of NSW multi-metal drilling ]]> http://www.proactiveinvestors.com.au/companies/news/148891/argent-minerals-adds-critical-expertise-ahead-of-nsw-multi-metal-drilling-64619.html Argent Minerals (ASX:ARD) is expanding its technical capabilities with two key technical appointments as the company prepares to drill test for high grade high grade zinc, lead, silver and gold at property in New South Wales.

The move is expected to provide Argent with access to the latest techniques and analytical facilities for the targeting of high grade volcanogenic massive sulphide (VMS) mineralisation.

Argent has identified the potential for multiple additional VMS lenses in the area as well as rich combined lead-zinc grades of up to 17.9% immediately to the west of Kempfield’s existing resource of 21.8 million tonnes and 52 million ounces of silver equivalent contained metal.

The technical expansion will include more integrated cooperation from Professor Ross Large of the Centre of Excellence in Ore Deposits (CODES), which is often esteemed as the preeminent authority in VMS deposits in Australia.

Company knowhow is also being advanced via the appointment of CODES-trained geologist Todd McGilvray as exploration manager.

McGilvray’s credentials include the leadership of the exploration effort that resulted in the discovery of new ore lenses and a new mineralised domain, for an additional 22 million tonnes of high grade base and precious metals at MMG Limited’s (HKEx:1208) Rosebery deposit in Tasmania, extending the mine life to 88 years.

Argent managing director David Busch will present on the company’s latest developments at Proactive Investor Luncheons in Melbourne and Sydney next week.

REGISTER TODAY by clicking on the links below:

Melbourne Investor Luncheon, Tuesday 22nd September.
  
Sydney Investor Luncheon, Wednesday 23rd September.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Sep 2015 17:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148891/argent-minerals-adds-critical-expertise-ahead-of-nsw-multi-metal-drilling-64619.html
<![CDATA[News - Argent Minerals starts survey near at porphyry copper in New South Wales ]]> http://www.proactiveinvestors.com.au/companies/news/148889/argent-minerals-starts-survey-near-at-porphyry-copper-in-new-south-wales--64033.html Argent Minerals (ASX:ARD) has started a induced polarisation (IP) survey to enable design of a drill program to test a porphyry copper gold target at its 51%-owned West Wyalong Project in New South Wales.

The project is located just 37 kilometres south of Lake Cowal Mine, which is being acquired by Evolution Mining (ASX:EVN) for US$550 million.

Lake Cowal has annual production of between 230,000 and 260,000 ounces of gold at a pro-forma all-in-sustaining cost of A$850 to A$900 per ounce.

The IP survey will complement the high resolution magnetic survey performed in 2014.

Argent is also preparing for the deep diamond drill test program at the Kempfield Polymetallic Project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 17 Aug 2015 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148889/argent-minerals-starts-survey-near-at-porphyry-copper-in-new-south-wales--64033.html
<![CDATA[News - Argent Minerals starts deep diamond drilling at polymetallic project in New South Wales ]]> http://www.proactiveinvestors.com.au/companies/news/148888/argent-minerals-starts-deep-diamond-drilling-at-polymetallic-project-in-new-south-wales-60084.html Argent Minerals (ASX:ARD) has started its 2015 exploration program with drilling of the first deep diamond hole at the Kempfield Polymetallic Project in New South Wales.

Drilling is focused on the Western Prospective Area where the company has identified potential for high grade zinc, lead, silver, gold, and potentially, copper.

In December, it raised $700,000 through a share placement to fund the deep diamond drilling program.

This is additional to the New South Wales Government award of a $158,400 grant for the program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 Jan 2015 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148888/argent-minerals-starts-deep-diamond-drilling-at-polymetallic-project-in-new-south-wales-60084.html
<![CDATA[News - Argent Minerals to reveal capital raising ]]> http://www.proactiveinvestors.com.au/companies/news/148887/argent-minerals-to-reveal-capital-raising-59283.html New South Wales focussed Argent Minerals (ASX:ARD) is heading to market with a capital raising.

The company is focussed on the Kempfield Polymetallic Project, where significant high grade zinc/lead potential has been identified.

A deep diamond program will test.

The halt will remain in place until the opening of trade on Wednesday 3rd December 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Dec 2014 10:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148887/argent-minerals-to-reveal-capital-raising-59283.html
<![CDATA[News - Argent Minerals set to start diamond drilling in NSW ]]> http://www.proactiveinvestors.com.au/companies/news/148886/argent-minerals-set-to-start-diamond-drilling-in-nsw-50836.html Argent Minerals (ASX: ARD) has received a $540,000 tax refund from the Federal Government’s Research and Development Tax Incentive Scheme.

These funds will be used to support its upcoming diamond drilling program targeting massive sulphides at its Kempfield silver project in New South Wales.

Regulatory approval has been received for the first phase of the drilling program which has been designed to test the Causeway and West McCarrons targets for volcanogenic massive sulphide.

Under Stage 1 of the Kempfield Silver Project, the company is planning to mine approximately 8.8 million tonnes over five years to produce 9.9 million ounces of silver at an approximate C1 cost of $16.60 per ounce.

Beyond Stage 1, It is focused on developing the project further, into a major long-term silver, gold and base metal mining operation.

Argent has delineated a total resource of 52 million ounces of silver equivalent of silver, gold, zinc, and lead, at a silver equivalent grade of 75 grams per tonne.

It has also identified a potential new mineralisation lens containing higher grade silver, lead and zinc as well as potentially copper and gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 03 Dec 2013 18:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148886/argent-minerals-set-to-start-diamond-drilling-in-nsw-50836.html
<![CDATA[News - Argent Minerals gears up to drill at Kempfield silver project, New South Wales ]]> http://www.proactiveinvestors.com.au/companies/news/148885/argent-minerals-gears-up-to-drill-at-kempfield-silver-project-new-south-wales-50595.html Argent Minerals (ASX:ARD) is set to drill test the Causeway and West McCarron targets for volcanogenic massive sulphides within its Kempfield silver project in New South Wales.

Drilling approvals have been granted for two diamond holes to 400 metres depth for the Causeway target, with a drilling contractor appointed and an expected start date in mid-December.

At the West McCarron target, the drill plan comprises an extension of a previous hole from 100.8 metres to the west, which intercepted rich lead-zinc and silver sulphide mineralisation.

The Causeway and McCarron targets mark key points of a newly interpreted third target group associated with high temperature alteration, comprising base metals, silver, and potentially, copper and gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 27 Nov 2013 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/148885/argent-minerals-gears-up-to-drill-at-kempfield-silver-project-new-south-wales-50595.html