Wood Gully Rock Chips Yield Up to 3.82 g/t Gold, 112 g/t Silver, and Rare Indium

Exploration Breakthrough at Wood Gully Gossan

Argent Minerals Limited (ASX: ARD) has announced a promising new chapter in its Kempfield Project with the delineation of high-grade polymetallic mineralisation at the Wood Gully Gossan Prospect in New South Wales. The recent rock chip sampling program has yielded assays featuring gold grades up to 3.82 g/t, silver up to 112 g/t, alongside significant copper, lead, zinc, and notably indium, a rare metal critical to modern electronics.

Situated approximately 19 kilometres south-southeast of the flagship Kempfield Polymetallic Project, Wood Gully lies just 700 metres south of the Pine Ridge Gold Deposit, which hosts an inferred resource of 419,887 tonnes at 1.65 g/t gold, containing over 22,000 ounces of gold. The proximity and geological continuity between these sites underscore the potential for a broader polymetallic system.

Polymetallic Potential and Structural Insights

The rock chip results confirm a volcanic massive sulphide (VMS) style mineralisation signature, distinct yet complementary to the orogenic gold style at Pine Ridge. Argent’s Managing Director, Pedro Kastellorizos, highlighted the significance of the geochemical signature, emphasizing the high-grade copper and precious metals as “stand up” results warranting immediate follow-up.

Geological mapping has identified a strong, extensive faulted structural zone extending over 1.5 kilometres, which appears to control mineralisation at both Pine Ridge and Wood Gully. This structural corridor presents a compelling target for systematic drilling, with mineralisation remaining open along strike and at depth.

Indium: A Rare and Strategic Element

Among the metals detected, indium stands out due to its scarcity and strategic importance in the manufacture of LCD screens and other high-tech applications. The assays revealed indium concentrations up to 31.1 ppm, a noteworthy figure given global annual production is limited to around 475 tonnes. This adds a valuable dimension to Argent’s polymetallic portfolio, potentially enhancing the economic attractiveness of the deposit.

Next Steps: From Surface Sampling to Drilling

Following the encouraging reconnaissance results, Argent plans to expand surface geochemical exploration and initiate shallow drilling programs, including Aircore or reverse circulation (RC) drilling. These efforts aim to test the extent and continuity of the mineralisation beneath the ironstone gossan surface expression.

The company’s broader Kempfield Project remains a significant polymetallic asset, with the Kempfield Silver Deposit recently upgraded to a resource of 63.7 million tonnes at 69.75 g/t silver equivalent, containing substantial quantities of silver, gold, lead, and zinc. The Wood Gully discovery adds a new dimension to Argent’s exploration pipeline, potentially unlocking further value.

Historical Context and Regional Significance

The Pine Ridge area has a rich mining history dating back to the late 19th century, with intermittent gold production continuing until the mid-20th century. Argent’s modern exploration techniques and systematic approach are now revealing the polymetallic potential that historical miners could only glimpse.

With a portfolio spanning over 2,700 square kilometres across NSW and Western Australia, Argent Minerals is positioning itself as a key player in Australia’s precious and base metals sector. The Wood Gully Gossan results reinforce the company’s strategy of targeting high-value, multi-commodity deposits in established mining regions.