"RC hole drilled in April 2009 which returned 2m at 22.4 g/t Au from 60m depth, including 1m at 43.1 g/t Au. The hole also intersected two zones of intense altercation, one at 60m and the other from 196m to the end of the hole."
1:34 PM, 21 Oct 2009 Argent Minerals starts West Wyalong drill
Source: News Bites
Argent Minerals Ltd has started drilling on the large co incident 21-milligal gravity anomaly and 1850-nanoteslas magnetic anomaly at its West Wyalong tenement in Central Western NSW.
The anomaly is on the Gilmore Suture, a major mineralising structure running from Victoria through to northern NSW which hosts gold and copper deposits such as Gidgnbung, Mandamah, Marsden and Cowal.
The drilling comprises a 300m diamond tail on hole AGC001, a 200m vertical RC hole drilled in April 2009 which returned 2m at 22.4 g/t Au from 60m depth, including 1m at 43.1 g/t Au. The hole also intersected two zones of intense altercation, one at 60m and the other from 196m to the end of the hole.
The hole is targetting the part of the anomaly where the highest gravity and magnetic readings overlap.
The large anomaly, which covers more than 15 sq km, is a circular gravity high (21-milligal) with a co-incident magnetic high (1850-nanoteslas).The target is a very large porphyry copper-gold deposit.
Results are expected in December,.
Argent may earn 70% in West Wyalong from Golden Cress Resources by spending $1 million by July 2013.
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