Argent Minerals Limited announced results from its high-level geophysics interpretation review over its 100% Pine Ridge Gold-Base Metal Project. Interpretation of the high-resolution magnetics by Core Geophysics has identified several potential Cu-Au porphyry targets. Nine target areas have been selected within the Pine Ridge Project based on the magnetic and radiometric responses.

Exploration targets include: possible undiscovered porphyry intrusive system. Thorium anomaly surrounded by a potassium halo presented as a possible intrusive. An uncharacteristically shaped unit in the centre of the syncline appears to be strongly deformed with potential for brittle deformation (potential site of hydrothermal fluid deposition).

A prominent hill with an elevated potassium response presented as a possible porphyry intrusive core. Several zones of magnetic depletion align with faults indicating potential weathering, hydrothermal alteration or magnetite replacement. An arcuate magnetic unit flexes along the northern margin of this intrusive and displays a loss of magnetism.

This could indicate mineralising fluid flow into a unit that has been subject to brittle deformation, with resulting destruction of magnetite. Broad zones of decreased magnetism appear constrained along some fault lines and are potential target zones representing magnetite destruction. The defined target areas will be further investigated by ground follow up, including mapping, sampling and potentially ground geophysical methods.