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Argent Minerals Limited ( (AU:ARD) ) has shared an update.
Argent Minerals has reported a major intercept from diamond drillhole AKDD213 at the Lode 100 zone of its Kempfield project, returning 159.1 metres at 80.6 grams per tonne silver equivalent from 17.9 metres, including a higher-grade interval of 18.2 metres at 145.3 grams per tonne silver equivalent from 194.4 metres. The result extends the known vertical extent of mineralisation on the northeastern flank of Lode 100 by about 100 metres, validates the existing resource model, and reinforces the bulk-tonnage and resource expansion potential of the silver-base metal system, with mineralisation remaining open along strike and at depth.
The consistent grade with the current Lode 100 mineral resource estimate supports confidence in the scale and continuity of the deposit. This strengthens the case for large-scale bulk mining scenarios at Kempfield and underscores significant upside for further resource growth through targeted step-out drilling, which could enhance Argent Minerals’ project economics and strategic positioning in the polymetallic sector.
More about Argent Minerals Limited
Argent Minerals Limited is an Australian exploration company focused on its 100%-owned Kempfield Polymetallic Project in New South Wales. The project targets silver-rich polymetallic mineralisation, primarily silver, lead and zinc, with an emphasis on building a bulk-tonnage resource base through systematic drilling.
Average Trading Volume: 6,145,182
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$37.42M
For a thorough assessment of ARD stock, go to TipRanks’ Stock Analysis page.