Argent Minerals (ASX:ARD) releases first inferred resource for Pine Ridge – The Market Herald

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  • Argent Minerals (ARD) Releases First 2012 JORC Inferred Mineral Resource for Pine Ridge Deposit in New South Wales
  • The mineral resource indicates 419,887 tonnes at 1.65 g/t gold containing 22,122 ounces of gold and was independently estimated by Odessa Resources
  • It was produced based on historical drilling results which included drilling carried out in 1993 by Gold Rim Exploration and from 2019 to 2021 by Argent
  • Follow-up resource extension drilling has been planned north of the main zone of gold mineralization with the aim of increasing the current resource tonnage and grade.
  • Silver shares were down 12.5% ​​at market close and are trading at 2.8 cents each

Argent Minerals (ARD) has released an initial 2012 JORC Inferred Mineral Resource for the Pine Ridge deposit in New South Wales.

The mineral resource indicates 419,887 tonnes at 1.65 g/t gold containing 22,122 ounces of gold and was independently estimated by Odessa Resources.

It was produced based on historical drilling results which included drilling carried out in 1993 by Gold Rim Exploration and from 2019 to 2021 by Argent.

Results were from six NQ diameter diamond drill holes, 48 ​​reverse circulation drill holes and 5,227 assays.

“We are delighted to have completed Argents’ first JORC resource on the Pine Ridge gold prospect. We are confident to increase Pine Ridge’s current resource during this year,” said CEO Pedro Kastellorizos.

“In addition, our technical team believe the deposit has substantial potential for resource growth along the northern portion adjacent to the historic former mining area, as this highly prospective area remains completely untested by drilling.”

Follow-up resource extension drilling has been planned north of the main zone of gold mineralization with the aim of increasing the current resource tonnage and grade.

Silver shares were down 12.5% ​​at market close and are trading at 2.8 cents apiece.