Regulatory approval has been received for the West Wyalong diamond drilling program, allowing Argent to commence during the last week of February 2017.
This program, totalling 2,300 metres in six holes, is the first drilling to be conducted by Argent to test the Theia and Narragudgil geophysical targets.
Five diamond holes have been designed to test the Theia copper- gold porphyry target and potential system over a strike length of 1.8 kilometres, with the deepest hole to be drilled to a depth of 500 metres.
One diamond hole has been designed to test the Narragudgil epithermal gold target to a depth of 400 metres.
Key positions identified in conceptual model derived from detailed analyses of geochemical and geophysical assessments will be drill tested.
Up to $200,000 of direct drilling costs will be co-funded by the NSW Government, merit based, Cooperative Drilling fund.
Expenditure will result in Argent increasing its interest in the West Wyalong project to 70%.
Nice one
Great to see a start of drilling in West Wyalong.
Start next week, for 70 days give or take some bad weather!
Bring it on
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