Ann: Major Event for Pine Ridge Gold Mine Acquisition, page-2

It still leaks I see...
" Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to report a significant
exploration update with the acquisition of the historic Pine Ridge Gold Mine and tenement area, which is
located only 19 kilometres to the south of the large Kempfield project.
The acquisition of the Pine Ridge Gold Mine is part of the strategy to develop higher grade gold and
copper mineralisation, and significantly enhance the economics of the large Kempfield project on the
path to production.
Argent has reviewed the historical Pine Ridge Gold Mine deposit data and conducted reconnaissance
exploration over an area of approximately 1.3 square kilometres surrounding the historic mine footprint.
The review shows the previously unrecognised distribution of gold mineralisation in iron-rich volcanics
over a much wider area than an outlook limited to quartz vein-associated gold.
This latest data reveals strong similarities to the McPhillamys gold deposit 50 kilometres to the north,
and possibly other Victorian examples at Ballarat and Bendigo.
The new findings from the reconnaissance exploration represent a significant increase in exploration
upside at Pine Ridge Gold Mine and within the greater surrounding areas including Argent’s Kempfield
project area, where high grade gold mineralisation has been identified, including the spectacular 1,065
g/t Au interval intersected during drilling. This is believed to be a gold overprint related to the large
regional gold system, forming at a later stage to the prospective volcanic-hosted massive sulphide
(VHMS) related copper-gold footwall also to be drilled at Kempfield.
IMPACT ON KEMPFIELD ECONOMICS
The newly identified Pine Ridge project scope has the potential to provide a significant boost to the
economics of the Kempfield project. Argent has been working diligently to improve the profitability of
Kempfield project with improvements to the metallurgical processing that increase mineral recovery.
These improvements are focussed on separating out mineral extraction streams and will enhance
precious metal recovery from Kempfield and other satellite sources such as the Pine Ridge Gold Mine.
The Company believes it is well positioned to exploit these new exploration opportunities in a way that
will enhance the overall Kempfield project.