First Trunkey Assays Confirm Gold Beyond Historic Workings

Key points

• First assays confirm gold mineralisation beyond historic mining areas
• Diamond hole ATDD002 intersected gold-bearing quartz veins beyond historic workings
• Duplicate samples from quartz veins returned up to 15.84g/t Au
• Next hole planned to test structure at 200m depth, below historic mining limit
• Drilling continues across a 4.7km mineralised corridor

Full summary

Argent Minerals Limited has reported positive results from the first two diamond drill holes at its Trunkey Creek Project in central New South Wales. The assays confirm the presence of gold mineralisation beyond the areas exploited by historic miners, supporting the unmined potential of the Wilson's Reef system. Diamond hole ATDD002 intersected two gold-bearing quartz veins approximately 6m and 13m beyond a 2.4m void interpreted to represent historic underground workings. Duplicate samples from the first quartz vein returned 6.35g/t Au and 3.25g/t Au over 0.4m, while samples from the second vein returned 15.84g/t Au and 10.53g/t Au over 0.4m. The next planned hole will test the same structure at approximately 200m vertical depth, below the interpreted extent of historic mining, which ceased due to groundwater inflow rather than exhaustion of the reefs. Drilling is continuing across the first portion of a 4.7km mineralised corridor defined by historic workings, mapping, and high-grade surface rock-chip results.