Just when we were looking at the major triggers, bang comes this...

Just when we were looking at the major triggers, bang comes this one about Loch Lilly Drilling Program approval today . Once again getting a grant of $150,000 , ARD seems to be growing all the time with Govt largesse.

Approval has been received for the Loch Lilly drilling programme. ■ Argent to commence site preparations next week, and drilling contractor scheduled to mobilise to site during the second week of July. ■ A total of 1,000 metres to be drilled to test the Eaglehawk and Netley geophysical targets – each by a 500 metre diamond hole. ■ Major discovery potential identified in this Western Tasmania Mount Read Volcanics equivalent belt includes polymetallic volcanic-hosted massive sulphide (VHMS), copper-gold porphyry, and nickel sulphide mineralisation. ■ 75% of the direct drilling costs up to $150,000 will be co-funded by the NSW Government, merit based, Cooperative Drilling fund. ■ Completion of the drilling programme will result in Argent earning a 51% interest in the Loch Lilly project. ■ Argent has the right to earn up to 90% interest in the project.