ARD argent minerals limited

argent's copper lining +collage, page-3

  1. 11,547 Posts.
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    Here's a few updated maps and collages and a link to a report on Paleozoic Volcanic-Hosted Massive Sulphide Deposits which was co-authored by Argent's current VMS consultant.
    www.ga.gov.au/image_cache/GA5406.pdf?
    In the first map you can see where Sandfire have snapped up a number of pieces of ground surrounding Argent.In the second map you can see the location of both Colossal and Causeway Volcanic Hosted Massive Sulphide prospects overlaid on the Bathurst district Geology map.In the bottom most collage you can see I have identified the locations of Gully Swamp and Colossal and overlaid the location of Causeway.Below that is the historical record mentioning the 23-27% copper grades achieved there.
    All of this leads me to believe that ARD are very likely to have success in locating a VMS deposit on their ground at Kempfield.Considering they already have a JORC compliant resource of 52M oz of Ag equivalent it bodes well for the future.Consider also that IVR their closest industry peer that I could identify has a current MC of $53.7M with no JORC resource as yet whilst ARD's MC is only $6M.That leaves a lot of upside potential for ARD in my thinking when the broader market catches on finally.


 
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