Argent has new drill targets aimed at increasing the current 52Moz silver equivalent resource at its Kempfield gold-silver-base metal project in New South Wales.

This follows the interpretation of multiple high-resolution geophysics datasets with the company noting induced polarisation, VTEM, gravity, radiometric, magnetic and SAM zones may represent blind mineralised areas.

Argent Minerals (ASX:ARD) adds that the magnetic and radiometric data display significant anomalies associated with the known mineralised zones and provide untested targets for follow up investigation.

In addition, the magnetic data also highlight major structures north-northwest of the Kempfield deposit that appear to potentially control the mineralisation.

Of the other datasets, IP has been reported to be the most effective geophysical method for delineating ore lenses while the flanks of the SAM highs are considered as target areas as these provide the best correlation to the known ore lenses.

“We are extremely pleased to have received an incredibly positive high level data review report from Core Geophysics as this represents a major leap forward in the companies systematic targeting process in defining new discoveries as well as mineralised extensions over the known JORC Resource zones within the Kempfield Deposit,” managing director George Karageorge said.

“The high-resolution interpretation has delineated target areas that represent potentially large tonnage exploration targets.

“By completing this process, we have significantly advanced the company’s exploration strategy over the Kempfield Project by directly targeting untested exploration areas which have the potential for delineating undiscovered gold-silver-base metal mineralisation.”

Targets generated

The interpretation of airborne and ground geophysical datasets has identified several potential gold-silver-copper-lead-zinc targets while the standout geochemical exploration target is located in between the Gully Swamp Mine and the Sugarloaf zone.

This geochemical anomaly coincides with extensive barite outcrops and remains completely untested by drilling.

Meanwhile, a strong untested gravity anomaly has been identified to the south-southwest area between the McCarron North and Quarries mineralised areas while three linear zones situated south-southwest from the McCarron zone and South Conglomerate areas represent walk-up drill targets.

Other drill targets are the many magnetic anomalies within magnetic structures that could represent hydrothermal fluids zones.

Forward plan

Argent is currently planning its 2022 exploration programs that will incorporate the systematic testing of all new areas defined by the current re-interpretation.

This includes ground reconnaissance over all the target area to identify potential alteration in the surface geology.

It will also carry out rock chip sampling as part of the initial reconnaissance with planning of drilling to commence in 2022.




This article was developed in collaboration with Argent Minerals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.