🕐08.02.10 - 02:32 Uhr

Argent Minerals Limited [ARD] - HIGHEST RECORDED SILVER GRADES AT KEMPFIELD



Argent Minerals Limited
ABN 89 124 780 276
Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901
Ph +61 8 9322 6600 Fx + 61 8 9322 6610
1
ASX ANNOUNCEMENT
8 February 2010
HIGHEST RECORDED SILVER GRADES AT KEMPFIELD
• Drilling at McCarron Zone intersects very high grade Silver including;
4 metres at 1,285g/t silver (41 ozs of silver per tonne or the equivalent of 18.2g/t gold) in hole
AKRC77.
• Holes AKRC77 and 79, together with the high grade mineralization intersected in previously
reported holes AKRC62 and 74 have the potential to extend the planned McCarron North pit
shell some 75 metres to the north .
• Table 1 below shows the most significant intersections in holes AKRC77 and 79.

Table 2 provides
further details of the four holes drilled in the most recent programme together with details of
previously reported holes AKRC62 and 74.

Figure 1 shows the location of the holes.
Table 1
Hole No
From Interval Silver Gold Lead Zinc CBM*
(m) (m) (g/t) (g/t) (%) (%) %
AKRC77 26 40 222.0 0.31 1.6 2.2 3.8
Including 36 4 1285.0 0.34 0.7 0.3 1.0
And including 42 8 78.6 0.28 2.5 6.1 8.6
AKRC79 38 32 79.7 0.21 1.3 1.1 2.4
Including 42 18 115.0 0.24 1.4 1.1 2.5
*Combined base metals
Planned follow up drilling will include;
1.

Holes to test the down dip extensions of the mineralization.
2.

Holes will be drilled along the 255m of apparent strike to the north to where Hole AKRC35
intersected 6m averaging 0.22g/t gold, 163.7g/t silver and 2.4% CBM.

However there are three
previously drilled holes along this strike, see Figure 1 below which only intersected narrow bands
of mineralization illustrating the lensy type nature of this type of mineralization.

Planning of the
follow up holes will take this into account.
Argent"s Executive Chairman, Kerry McHugh, said it was very pleasing to see high silver grades over
substantial widths in the McCarron Zone holes reported over the last six weeks.

These, together with
some modest gold grades and combined lead/zinc grades of up to 10%, can be expected to result in
a valuable extension to the McCarron zone resources.
He added it was also pleasing to see the lead/zinc potential at Kempfield continuing to improve as
these and other results show eg; holes AKRC73 at the Bean Quarry (10 m at 7.5 % lead/zinc ) and
AKRC76 at the Quarry zone (8m at 6.1% lead/zinc).
Argent Minerals Limited
ABN 89 124 780 276
Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901
Ph +61 8 9322 6600 Fx + 61 8 9322 6610
2
Figure 1
Argent Minerals Limited
ABN 89 124 780 276
Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901
Ph +61 8 9322 6600 Fx + 61 8 9322 6610
3
Argent may earn a 70% interest in the Kempfield Tenements from Golden Cross Resources Limited
by the expenditure of $2.745 million by July 2013.
For more information:
www.argentminerals.com.au
Kerry McHugh
Executive Chairman
Argent Minerals Limited
Ph: 0404 465 154
Table 2 Futher Results
Hole No Easting Northing From
(m)
Interval
(m)
Silver
g/t
Gold
g/t
Lead
%
Zinc
%
CBM
%
McCarron North
AKRC62 708280 6258090 Surface 44 71.6 0.20 0.03 0.46 0.49
Including 4 6 212.7 0.37 0.02 0.74 0.76
Including 4 2 320.0 0.36 0.01 0.73 0.74
Including 36 6 133.3 0.59 0.03 0.46 0.49
Including 40 2 134.0 1.53 0.02 0.74 0.76
And 68 4 4.4 1.21 0.06 0.17 0.23
AKRC63
Deepened
708172 6257966
84 2 28.1 0.20 1.06 1.13 2.19
AKRC74 708375 6258280 12 44 159.7 0.41 1.68 1.98 3.66
including 20 6 365.0 0.20 0.66 0.27 0.97
Including 40 16 190.7 0.53 3.14 4.89 8.03
Including 50 6 356.0 1.07 4.66 6.94 11.60
And 90 18 23.8 0.28 0.71 2.15 2.86
Including 90 4 31.0 0.29 0.92 2.45 3.37
AKRC77 708270 6258122 26 96 99.9 0.27 0.98 1.53 2.51
Including 26 40 222.0 0.31 1.62 2.19 3.81
Including 26 16 440.9 0.37 0.87 0.55 1.42
Including 36 4 1285.0 0.34 0.65 0.35 1.00
Including 42 8 78.6 0.28 2.55 6.06 8.61
Including 46 2 78.9 0.35 2.24 7.96 10.20
Including 58 8 80.2 0.29 2.17 3.99 6.16
South Conglomerate
AKRC78 708344 6257767 20 4 43.1 0.25 0.69 0.18 0.87
and 36 6 36.9 0.63 0.54 0.21 0.75
McCarron North
AKRC79 708281 6258140 38 32 79.7 0.21 1.27 1.08 2.35
42 18 115.0 0.24 1.46 1.08 2.54
86 2 20.2 1.00 0.43 0.62 1.05
98 2 29.3 0.70 0.54 1.31 1.85
116 2 7.3 0.92 0.11 2.15 2.26
Argent Minerals Limited
ABN 89 124 780 276
Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901
Ph +61 8 9322 6600 Fx + 61 8 9322 6610
4
Competent Person Statements
The information in this Report that relates to Exploration is based on information compiled by David
Timms who is a member of the Australian Institute of Geoscientists, and a Technical Consultant to
Argent, and who has sufficient experience relevant to the style of mineralisation and type of deposit
under consideration and to the activity being undertaken to qualify as a Competent Person as
defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves".

Mr Timms consents to the inclusion in the report of the matters based
on the information in the form and context in which it appears.




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