Argent Minerals Limited MMR Indicates New Lead Zinc Lenses 4, 5 and 6 at Kempfield

Sydney, Australia (ABN Newswire) - Argent Minerals Ltd. (ASX:ARD) (Argent, Argent Minerals or the Company) is pleased to report additional potential Volcanogenic Massive Sulphides (VMS) lead/zinc mineralisation responses to Surface MagnetoMetric Resistivity (MMR) surveys at the Kempfield Polymetallic Project.

Argent Minerals Managing Director David Busch said, "We are pleased to announce that Argent Minerals has completed a successful series of Surface MMR surveys over the existing Kempfield deposit, and the prospective areas immediately to the west, with very good preliminary results.

"The initial analysis indicates strong current channelling that coincides almost exactly with the predicted location of Lens 4 from Argent's geological modelling. Additionally, only a short distance further to the West, new conductive trends have been detected that overlap with the interpreted positions of Lens 5 and Lens 6. We are particularly impressed that the MMR technique appears to map both the strike extent and fine structure of these trends.

"These are exciting developments for the Kempfield Polymetallic Project as Argent prepares for diamond drill testing of the significant upside potential identified within the project area. The MMR surveys appear to confirm the potential for multiple additional VMS lead/zinc lenses within the project area, and most importantly, the shape and position predicted by geological modelling.

"If these additional lenses contain lead/zinc at increased grades as the West-trending evidence clearly indicates, this could have significant implications for the Kempfield Polymetallic Project economics.

"Argent is focussed on developing Kempfield as a polymetallic project with a strong base metal component together with gold and rich silver, toward our goal of a financially robust mine producing 1.5 million tonnes per annum.

"A key advantage of VMS deposits is their potential to deliver additional mineralised lenses through continued exploration. Based on extensive geological modelling, input from industry experts including Professor Ross Large and Dr. Vladimir David, and these recent MMR surveys, we believe that Kempfield has the potential to provide the basis for a new major polymetallic mine in this largely untested area.

"Our geophysicists have received all the survey data and will continue their analysis over the next two weeks. The main goal of the analysis is to delineate the targets, for which Argent will then design the drilling program for commencement in October 2014".


About the Surface MMR Surveys

Three Surface MMR surveys have been completed over the area by Gap Geophysics Pty Ltd under the supervision of Mitre Geophysics and resident Argent geologist Dr. Vladimir David.

The surveys were conducted over known mineralisation and the target area immediately to the west of the Kempfield deposit. The three survey coverage areas were designed with a substantial degree of overlap in order to produce a robust dataset that will enable comparisons of responses in the target area with those over known mineralisation. The three surveys were conducted firstly with MMR current electrodes to the north and south of Lenses 1 and 2, followed by electrodes placed to the north and south of interpreted Lenses 3 and 4, and finally over the areas now referred to as Lens 5 and Lens 6. Separate ground loops were positioned according to the geophysicist's design for each of the three surveys.

Survey lines were conducted initially at 50 metre line spacing, followed by 25 metre line spacing for infill over areas where anomalies were detected.

Figure 1 in link below shows the interpreted VMS lenses and the approximate areas of the strong MMR responses in the Lens 4, 5 and 6 survey areas.


Next steps

Detailed analysis and interpretation is currently being undertaken by the geophysicist and is expect to be completed within approximately two weeks. The goal of the analysis is to delineate the VMS lens targets using all available data including the MMR data, drill intercepts for the known mineralisation, fault structures, and geological modelling of the area.

The results of the analysis and interpretation will be released to the ASX on completion. The drill program will then be designed and released to the ASX.

Commencement of the drilling is scheduled for October 2014.

To view charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ARD-690399.pdf


About Argent Minerals Limited:

Argent Minerals Ltd. (ASX:ARD) is an Australian publicly listed company with a 100% interest in a silver/gold project at Kempfield NSW. Work is underway on the preparation of an EIS and a feasibility study for the first stage of the project which will involve heap leaching some 8.8 million tonnes of mainly oxide and transitional material to produce over 9.5 million ounces of silver and 15,000 ounces of gold over a 5 year mine life. Argent is also earning up to a 70% interest in two other NSW projects - gold at West Wyalong and base metals at Sunny Corner.



Contact:

Argent Minerals Ltd.
T: +61-2-9262-2211
F: +61-8-9322-6610
E: admin@argentminerals.com.au
www.argentminerals.com.au