Sydney, Australia, June 10, 2015 - (ABN Newswire) - Argent...

Sydney, Australia, June 10, 2015 - (ABN Newswire) - Argent Minerals Limited (ASX:ARD.AX - News) is pleased to provide the following strategic information to the market in relation to the Kempfield Polymetallic Project.
HIGHLIGHTS:
- Spectacular lead/zinc intersections announced by Peel Mining's Mallee Bull project in the Lachlan Orogen
- Kempfield intersections to date include 5m @ 17.9% Pb/Zn, 259 g/t Ag & 0.34 g/t Au from 88m
- 7 hole 3,200 metre diamond drilling program to test potentially significant 'size of the prize' at Kempfield, featuring high grade base and precious metals targets
Managing Director David Busch said, "Argent Minerals is strongly encouraged by Peel Mining Limited's (ASX:PEX.AX - News) 9 June 2015 announcement of 'spectacular' zinc/lead/silver/gold intersections at the Mallee Bull project in the Lachlan Orogen geological terrain in New South Wales, as the Company prepares to conduct a major deep diamond drilling program at its Kempfield Polymetallic Project, targeting high grade base and precious metals.
"Also located in the Lachlan Orogen terrain, Argent's Kempfield project is strategically situated in a historically fertile neighbourhood which has produced world class mines such as the Cadia Valley Operations just 40 kilometres to the Northwest featuring the largest hard rock underground mine in Australia, and one of the largest in the world with Ore Reserves of 1.8 billion tonnes containing 28 million ounces of gold and 4.9 million tonnes of copper(i).
"Kempfield has been identified as a volcanogenic massive sulphide (VMS) deposit in the Eastern Australian Palaeozoic VMS peer group which extends from Red River Resources' Thalanga polymetallic project in Queensland, and southward through the Hill End Trough basin margin deposits in New South Wales which also includes the Company's polymetallic project at Sunny Corner (where grades were so high at one point to that the mined material was direct shipped to London), through to Tasmania where high grade VMS deposits such as Rosebery, Hellyer and Que River are hosted(ii).
"On inspection of drill core and rock outcrops during a site visit at Kempfield, Professor Ross Large of the Centre of Excellence in Ore Deposits (CODES) identified similarities in the style of mineralisation at Kempfield to that of the historically high grade Que River deposit in Tasmania(iii).
"Subsequent diamond drilling by Argent confirmed the existence of high grade base and precious metals on the western edge of the known Kempfield deposit, with significant intersections including 5 metres @ 17.9% lead/zinc, 259 g/t silver & 0.34 g/t gold from 88 metres for hole AKDD159, and 5 metres @ 4 g/t gold from 353 metres for hole AKDD178.
"We are looking forward to what this major deep diamond drilling program will reveal adjacent and underneath the existing Kempfield JORC 2012 estimated 21.8 million tonne Mineral Resource, which the Company's analysis indicates could be the predominantly silver/barite portion of a much larger deposit, where higher base and precious metal grades remain to be discovered.
"Considering this analysis together with the fact that the deposit has generally only been drilled to a relatively shallow 120 metres, and that the deposit remains open also to the West and along strike to the North for up to 4 kilometres, the potential size of the prize at Kempfield is significant".