Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Argent Minerals Ltd's Assays High-Grade Lead-Zinc And Silver At Kempfield

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.