Argent Minerals Limited (ASX: ARD) has kicked-off its 2023 Q1 Kempfield drilling campaign in NSW targeting untested potential copper/gold mineralization zones outside the resource area as well as potential depth extensions.
Kempfield 2023 Drill Programme
• Diamond and RC drill programme up to 1,800m across the Kempfield resource and exploration target areas.
• Drilling aims to test potential copper/gold mineralization zones outside the resource area as well as potential depth
extensions to the Kempfield resource.
• Includes the copper exploration area Colossal Reef, high grade silver prospect Sugarloaf and the Kempfield resource area.
• Drilling to follow up AKDD181 which intersected 1.0m @1,065 g/t Au and 143 g/t Ag from 97m & 1.8m @1.21% Cu & 2.99 g/t Au from 136.8m.
“We are excited to have commenced drilling over Argent’s Kempfield Deposit in NSW. The campaign will target identified abundant untested mineralization zones which have strong potential to host undiscovered copper, gold, silver and/or base metal mineralization not contained within the current resource. I look forward to updating the market with our results,” Managing Director, Pedro Kastellorizos, said.
The Kempfield Project is located 45km SSW of Blayney New South Wales. The Kempfield area first became known for barite mining which commenced in 1918 and continued periodically until the Geological Survey of NSW undertook mapping from 1971.
Mineralisation is hosted in stratiform and probably barite-rich horizons occurring in what appear to be a series of tight isoclinal folds. Silver, lead, zinc, gold and barite mineralization is derived from submarine volcanic exhalations associated with the felsic volcanic activity. The geology and mineral assemblage are consistent with a distal facies of a volcanic-hosted base metals sulphide deposit (VHMS).
Seven zones of barite/sulphide mineralization have been identified over a three km strike length within the volcano-sedimentary sequence.
The Lachlan Orogen is host to one of the largest gold/copper mines in the Southern Hemisphere, Newcrest’s Cadia Mine. The current Cadia Mineral Resource comprises of Measured and Indicated Resources of more than 30Moz gold and seven Mt Copper. The region also hosts world-class copper-gold and gold deposits (>100 Mt) such as Northparkes and Cowal.
The Kempfield deposit belongs to a peer group of volcanic-hosted massive sulphide (VHMS) deposits located at the margins of geological basins. This peer group includes the 176Moz Ag Bowdens Silver Mine held by Silver Mines Limited which received mine development approval from the NSW Department of Planning and Environment.
For further information please visit: https://argentminerals.com.au/