News: Argent Minerals to gain R&D funding booster

Argent Minerals (ASX:ARD) is looking to add $269,000 to its cash at bank through a tax incentive refundable offset from FY15, with an outcome and processing expected in 4-6 weeks.

The claim relates to technical development activities at its wholly-owned Kempfield Polymetallic Project, where a preparations for a new seven hole, 3200 metre deep diamond drilling program are underway.

Kempfield holds a JORC resource of 52 million ounces of silver equivalent, and has near-term production potential.

The primary goals of the Kempfield campaign are to add tonnes of high-grade lead-zinc mineralisation, improving potential of feeder zones and multiple volcanogenic massive sulphide lenses.

Argent has previously identified some of the rich combined lead-zinc grades of up to 17.9% at the site – amongst the highest grades in Australia.

These were immediately to the west of the existing resource, as well as the potential for multiple additional VMS lenses and a feeder zone.

Whilst the company has established an initial goal of discovering an additional 5 million tonnes at Kempfield with higher grade lead-zinc, silver, gold and potentially, copper, the potential for a much larger system and associated world-class discovery has been identified.

Successful exploration of this opportunity will be a game-changer with company-maker potential for Argent.