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Argent Minerals extends option to purchase property next to Kempfield

Kempfield currently hosts a 52 million silver ounce equivalent.
Argent Minerals extends option to purchase property next to Kempfield
Argent has the option over more land in New South Wales

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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