ARD argent minerals limited

4.76%

2.2¢

Ann: Compelling West Wyalong Targets Identified, page-5

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readyaimfire

12,650 Posts.

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26/08/19

16:32

Post #: 40156951
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Originally posted by Silvermarc ↑

Looks a lot like Cadia-Ridgeway Cu-Au-Mo
Smells like Lake Cowal Cu-Mo-Au

Can't wait to drill this, Elephant country, Company transforming deposit!

Highlights:n Compelling drill targets identified at West Wyalong - a porphyry Cu-Au-Mo projectin central NSWn Clusters of porphyry deposits found in the same geological package north andsouth validate further exploration at West Wyalongn Large gravity survey completed over the project and combined with sophisticatedmodelling of geophysical, geochemical and mineralogical analysisn Six new targets generated and will be prioritised before next drill program.

Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to provide completed results ofthe ground gravity geophysical survey and 3D modelling for the majority owned (78%) West Wyalongexploration Porphyry Cu-Au-Mo Project in central NSW. West Wyalong is a porphyry Cu-Au-Mo projectstrategically located within an actively producing region in central NSW that includes economic depositssuch as Newcrest’s Cadia-Ridgeway porphyry camp (+36 Moz Au) and the Lake Cowal gold camp (+6Moz Au) of deposits. The mineral zoning of these alkalic to calc-alkalic porphyries have been extensivelydocumented with a significant amount of predictive geological detail for exploration at West Wyalong.The gravity survey consisted of 2,200 new stations on a 100 m spaced grid and measured the precisiongravity signature over an area of 9.0 km x 2.5 km. The data produced was combined with highresolution airborne magnetic data and IP data to produce high resolution 3D inversion models of eachdata set.Previous exploration undertaken by the Company, including the diamond drilling program in 2017, hasbeen integrated with sophisticated lithogeochemical, mineralogical and geophysical analysis to reorientatemain target sites within the project area ahead of future drilling. The integrated informationallows for Argent to vector more efficiently towards a potassic altered centre of a mineralised system. Ithas been recognised that previous drilling was proximal to this zone of mineralisation and previouslyreported higher grades were associated with intrusive monzonite stocks supporting this association.

Very Exciting Stuff
Go ARD

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There will be no transformation until they get some cash. Hopefully details of the required CR in the next cpl of days.

ARD Price at posting: 2.4¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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