Sign up Australia
Proactive Investors - Run By Investors For Investors

Argent Minerals Ltd once again lifts potential of copper-gold-molybdenum porphyry

Argent reveals the latest assays from West Wyalong.
Argent Minerals Ltd once again lifts potential of copper-gold-molybdenum porphyry
Shares in Argent have climbed higher today

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.

View full ARD profile View Profile

Argent Minerals Ltd Timeline

Related Articles

July 27 2017
David Busch discussed exploration plans at Proactive's CEO Sessions.
Gold Road Resources' Ian Murray with investors at Proactive's CEO Sessions
October 06 2017
Ian Murray discussed gold exploration plans with investors at Proactive's CEO Sessions.
January 15 2018
Anglo Asian Mining has been pressing ahead with plans to boost production at its mines in Azerbaijan

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use