Argent Minerals has confirmed promising gold mineralisation at its Trunkey Creek gold project in New South Wales.
The company’s first rock chip sampling program has returned high-grade results, including a standout assay of 24 grams per tonne (g/t) gold.
Situated 9km southeast of Argent’s flagship Kempfield project, the Trunkey Creek mineral field spans 5.5km in length and 500m in width.
Historical records indicate the field has produced over 2900 ounces of gold, with the latest sampling program further underscoring the project’s potential, with additional assays of 15.1g/t gold and 12.6g/t gold among the highlights.
“We are extremely pleased to have received incredibly positive geophysical and geochemical results highlighting significant gold mineralisation potential at Trunkey Creek,” Argent managing director Pedro Kastellorizos said.
“Recent high-grade gold rock chip assays, in conjunction with locating the old mine workings, have highlighted the significant exploration potential over the Trunkey Creek project area.”
The company’s re-interpretation of historical induced polarisation (IP) data has identified significant chargeable and resistive anomalies, suggesting the presence of sulphides and quartz-rich veins that could host additional gold mineralisation.
The ground IP survey has delineated high resistivity zones within an area spanning 3.8km in length and 500m in width, with IP anomalies coinciding with historical gold workings.
“The high-resolution ground IP interpretation has clearly defined extensive high resistivity zones (potential quartz veins) and chargeability zones (potential sulphides), which have excellent potential for hosting gold mineralisation,” Kastellorizos said.
“These targets have been defined as ‘stand up’ and will be systematically tested by drilling.”
Argent plans to conduct further drilling to explore these targets in more detail. For investors, the combination of high-grade surface assays and untested deeper targets presents a compelling opportunity for gold discovery at Trunkey Creek.
Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.