AGM Presentation 2016
Sydney, Oct 28, 2016 AEST (ABN Newswire) - Argent Minerals Limited (
ASX:ARD) is pleased to provide the company's latest AGM Presentation 2016 to shareholders.
2016 HIGHLIGHTS
- CASHED UP FOR DRILLING
-- $1.75 million from heavily oversubscribed capital raising
-- $1.4 million cash as at 30 September 2016
-- $200,000 funding award from NSW Government
- KEMPFIELD DRILLING - MAJOR BREAKTHROUGHS
- PINE RIDGE GOLD MINE ACQUISITION AND RESULTS
- WEST WYALONG DRILL TARGETS ESTABLISHED
- FY2016/17 DRILL PROGRAM SCHEDULE ANNOUNCED
MAJOR BREAKTHROUGHS ACHIEVED BY 2016 DRILLING
- Lithology and host horizons
- Potential extensions
FY2016/17 DRILL PROGRAMS
- UNDER PREPARATION, SUBJECT TO ACCESS, REGULATORY APPROVAL AND WEATHER
- KEMPFIELD DRILL TEST OF SOUTHERN AREA AND POTENTIAL MINERALISED EXTENSIONS
-- To commence as soon as possible in 2016, and continuing into early 2017
- PINE RIDGE GOLD MINE QA/QC DIAMOND HOLES
-- To follow Kempfield drilling, potentially as early as January 2017
-- Highly dependent on multiplicity of factors
- WEST WYALONG TARGET DRILL-TEST
-- 6 holes for total 2,150 metres (planned)
-- NSW Government funded to 50% of direct per-metre drilling costs
-- Scheduled for February 2017 commencement
To view the presentation, please visit:
http://abnnewswire.net/lnk/VP4VU99V
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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