Kempfield NW Drilling Intersects 101m Thick Polymetallic Mineralisation, Trunkey Creek Yields 1930 g/t Gold

Kempfield NW: Expanding the Silver-Base Metal Footprint

Argent Minerals Limited (ASX: ARD) delivered a strong exploration update for the March 2025 quarter, highlighted by the completion of 33 reverse circulation (RC) drillholes at the previously untested Kempfield NW Prospect in New South Wales. These scout reconnaissance holes intersected broad zones of Volcanogenic Massive Sulphide (VMS) style mineralisation, with thicknesses reaching up to 101 metres from surface. Noteworthy intercepts include 83m at 10.1 g/t silver and 0.20% combined copper, lead, and zinc, and a 101m thick base metal zone with significant silver grades near the bottom of the hole. These results confirm the presence of extensive, shallow polymetallic mineralisation that could materially enhance the Kempfield resource base.

The drilling also delineated multiple mineralised gossan and pyritic shale zones, with silver grades consistently above 10 g/t and base metal percentages indicating robust polymetallic potential. The mineralisation remains open along strike and at depth, setting the stage for follow-up drilling to define the extent and continuity of these zones.

Henry’s and Sugarloaf Hill: Maiden Drilling Confirms High-Grade VMS Systems

At Henry’s Prospect, located just 2km east of Kempfield, Argent completed six RC drillholes targeting high-grade surface geochemical anomalies. The drilling intersected shallow VMS mineralisation with silver grades up to 37.8 g/t and combined base metals exceeding 4% in some intervals. Minor gold mineralisation was also encountered, including 2m at 1.72 g/t Au. Similarly, five RC holes at Sugarloaf Hill confirmed a 46m thick VMS-style mineralised zone from surface, with silver grades up to 26.7 g/t and base metal concentrations supportive of a significant polymetallic system. Both prospects remain open for expansion, with further drilling planned to test untested geochemical anomalies and deeper fresh rock targets.

Trunkey Creek: Exceptional Gold Grades Highlight New Potential

Argent’s rock chip sampling program at the Trunkey Creek Project, approximately 9km southeast of Kempfield, revealed spectacular gold grades, including an extraordinary 1,930 g/t Au sample. Additional samples returned assays above 80 g/t Au, confirming the presence of high-grade gold mineralisation within quartz veins and historic workings. The mineralised structures are steeply dipping and hosted in slate, with evidence of free-milling gold historically extracted. This discovery adds a compelling new dimension to Argent’s portfolio, suggesting potential for significant gold resources in addition to the polymetallic systems at Kempfield.

Wood Gully Gossan: Polymetallic Mineralisation Confirmed

First reconnaissance rock chip sampling at the Wood Gully Gossan Prospect, situated 19km south-southeast of Kempfield, confirmed strong polymetallic mineralisation including gold, silver, copper, lead, zinc, and notably indium. Assays included up to 3.82 g/t Au, 112 g/t Ag, and 31.1 ppm indium, highlighting the prospect’s potential for rare and valuable metals. The ironstone-hosted mineralisation aligns with historical geochemical anomalies and warrants further exploration to define its extent and economic viability.

Corporate and Financial Position

Argent Minerals closed the quarter with a cash balance of $1.417 million, maintaining a sound financial position to support ongoing exploration activities. The company reported no mining production or development activities during the period. Notably, Non-Executive Director David Greenwood resigned from the board in January 2025, a change that may influence future governance dynamics. Argent continues to hold 30 million shares in MinRex Resources Limited, adding a strategic investment component to its portfolio.

Outlook

The March quarter results underscore Argent Minerals’ successful strategy of targeting high-grade polymetallic and gold mineralisation across multiple prospects in New South Wales. The extensive VMS-style mineralisation at Kempfield NW, coupled with the exceptional gold grades at Trunkey Creek, position the company well for resource expansion and value creation. Upcoming drilling campaigns and resource updates will be critical to unlocking the full potential of these discoveries.