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Argent Minerals Ltd reveals mineralised porphyry at West Wyalong

Assays are pending from another four diamond holes.
Argent Minerals Ltd reveals mineralised porphyry at West Wyalong
Argent has more exploration news pending

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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