Kempfield Deep Diamond Drilling Update
Sydney, Feb 10, 2015 AEST (ABN Newswire) - Argent Minerals Limited (
ASX:ARD) (Argent, Argent Minerals or the Company) is pleased to report the completion of Hole #1 of the Kempfield deep diamond drilling program.
HIGHLIGHTS:
- Hole # 1 completed at approximately 500 metres - diamond core submitted for assays
- Hole #2 commenced adjacent the historic Colossal Reef mine site
Managing Director David Busch said, "Hole #1 was completed on Thursday 5 February 2015 at approximately 500 metres, and diamond core has been submitted for assays.
"Following the successful casing of the hole in preparation for downhole surveys, the drill rig was remobilised to the Hole #2 site adjacent the historic Colossal Reef mine, and the first 78 metres completed of this 650 metre hole as at close of business on Monday 9 February 2015.
"This is a very exciting time for Argent Minerals as the Company drills the deepest holes in over four decades of exploration at Kempfield, and tests the Western Prospective Area for high grade base and precious metal mineralisation from the basin margin adjacent the historic Colossal Reef copper mine, and eastward through to underneath the existing deposit".
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ARD-709410.pdf
About Argent Minerals Limited
Argent Minerals Limited (
ASX:ARD) is an Australian publicly listed company with a 100% interest in a silver/gold project at Kempfield NSW. Work is underway on the preparation of an EIS and a feasibility study for the first stage of the project which will involve heap leaching some 8.8 million tonnes of mainly oxide and transitional material to produce over 9.5 million ounces of silver and 15,000 ounces of gold over a 5 year mine life. Argent is also earning up to a 70% interest in two other NSW projects - gold at West Wyalong and base metals at Sunny Corner.
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