Argent Minerals Unveils High-Grade Kempfield Drilling and Gold Bonanza at Trunkey Creek

Kempfield Drilling Confirms Depth and Grade Potential

Argent Minerals Limited has delivered a strong update from its flagship Kempfield silver project in New South Wales, completing its first diamond drilling program with two holes testing mineralisation to depths exceeding 330 metres. The standout result came from drillhole AKDD208, which intersected 196.4 metres of continuous mineralisation including high-grade intervals such as 27 metres at 226.2 grams per tonne silver equivalent and 42.6 metres at 102 grams per tonne silver equivalent. Peak grades reached an impressive 324 g/t silver equivalent, confirming both the depth continuity and potential for expanding the deposit beyond the current resource.

This drilling success reinforces the prospect of developing an early-stage, open-pit operation at Kempfield, which already hosts Australia’s second largest undeveloped silver deposit with a resource of 63.7 million tonnes at 69.75 g/t silver equivalent. The discovery of a previously unknown mineralised zone at 283 metres depth highlights the underexplored nature of the volcanogenic massive sulphide system and opens new avenues for resource growth.

Advancing Metallurgical Testwork and Scoping Study

To underpin future development, Argent has commenced metallurgical testwork on core samples, focusing on heap leach and carbon-in-leach (CIL)/flotation processing routes. This work, conducted by Auralia Metallurgy and supported by BHM Process Consultants, aims to establish process design criteria, capital and operating cost models, and a comprehensive process development report. The outcomes will feed into a scoping study to evaluate the economic viability of the project and define the pathway to production, including the potential for a heap leach starter operation to fund a larger CIL plant for sulphide ore.

Trunkey Creek Gold Project Delivers Bonanza Grades

Argent’s exploration momentum extends to the nearby Trunkey Creek gold project, where a recent rock-chip sampling campaign returned bonanza gold grades up to 216 g/t. The sampling has delineated a new gold corridor extending 1.8 kilometres south of historical workings, bringing the total strike length of the mineralised trend to 4.7 kilometres. These results confirm the high tenor of gold mineralisation in an area with a rich mining history dating back to the 19th century, offering significant upside potential for further discoveries.

New Copper-Gold Targets at West Wyalong

In addition to silver and gold projects, Argent has identified new copper-gold targets at its West Wyalong project through a detailed geological review. The project lies within a prolific volcanic belt hosting major deposits such as Cadia and Northparkes. Targets include porphyry copper-gold systems at Narragudgil and Yiddah North, with encouraging alteration zones and mineralisation open at depth and along strike. Early-stage exploration at the Marshman’s Zone also highlights prospective magnetic lows and structural features consistent with intrusive-related mineralisation.

Capital Raise and Board Strengthening

To support its exploration and development activities, Argent completed a placement raising $4.85 million at $0.021 per share, managed by GBA Capital and ORA Capital. The company also appointed Warrick Hazeldine as a Non-Executive Director, bringing over 20 years of capital markets experience in natural resources and investor relations. At quarter-end, Argent held cash reserves of $5.024 million, positioning it well to advance its projects.