Source: Argent Minerals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Argent Minerals (ARD) releases a maiden JORC 2012 inferred mineral resource for the Pine Ridge Deposit in New South Wales
  • The mineral resource reads 419,887 tonnes at 1.65g/t gold containing 22,122 ounces of gold and was independently estimated by Odessa Resources
  • It was produced based on historical drill results which included drilling completed in 1993 by Gold Rim Exploration and from 2019 to 2021 by Argent
  • Follow-up extensional resource drilling has been planned to the north of the main gold mineralisation zone with the aim to increase the current resource tonnage and grade
  • Shares in Argent were down 12.5 per cent on market close and trading at 2.8 cents each

Argent Minerals (ARD) has released a maiden JORC 2012 inferred mineral resource for the Pine Ridge Deposit in New South Wales.

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

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

Results came from six NQ diameter diamond holes, 48 reverse circulation holes and 5227 assays.

“We are pleased to have completed Argents’ first maiden JORC Resource over the Pine Ridge Gold Prospect. We are confident of increasing the current Pine Ridge resource during this year,” CEO Pedro Kastellorizos said.

“Furthermore, our technical team believe the deposit has substantial potential for more resource growth along the northern portion proximal to the old historical mine area as this highly prospective zone remains completely untested by drilling.”

Follow-up extensional resource drilling has been planned to the north of the main gold mineralisation zone with the aim to increase the current resource tonnage and grade.

Shares in Argent were down 12.5 per cent on market close and trading at 2.8 cents each.

ARD by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…