Argyle Resources Announces Exploration Results and Filing of Updated Technical Report for the Frenchvale Graphite Property, Nova Scotia
Argyle Resources (OTCQB: ARLYF) has released exploration results and filed an updated Technical Report for its Frenchvale Graphite Property in Nova Scotia. The report includes findings from IP geophysical surveying and diamond drilling conducted between September-October 2024.
Key exploration highlights include:
- 12.9 kilometers of IP and resistivity completed over the Main Zone
- 425 meters of diamond drilling across four drill holes
- Notable intercepts including 2.56% graphitic carbon over 4.15 meters and 1.80% graphitic carbon over 8.82 meters
The Main Zone contains high-purity, large-flake graphite mineralization within graphitic marble and schist host rocks. Analysis shows an average of 9.2% graphite in medium or coarse size fractions, with 14.5% of graphite flakes in marble samples showing 90-99% liberation upon grinding. The company recommends a multi-phase exploration program to further assess the deposit's potential.
Argyle Resources (OTCQB: ARLYF) ha rilasciato i risultati dell'esplorazione e ha presentato un Rapporto Tecnico aggiornato per il suo Frenchvale Graphite Property nella Nuova Scozia. Il rapporto include i risultati provenienti da indagini geofisiche IP e perforazioni diamantate condotte tra settembre e ottobre 2024.
I principali punti salienti dell'esplorazione includono:
- 12,9 chilometri di IP e resistività completati nella Zona Principale
- 425 metri di perforazione diamantata attraverso quattro fori di perforazione
- Intercettazioni significative che includono il 2,56% di carbonio grafitico su 4,15 metri e l'1,80% di carbonio grafitico su 8,82 metri
La Zona Principale contiene mineralizzazione di grafite a elevata purezza e a grandi fiocchi all'interno di marmo grafitico e rocce scistose. L'analisi mostra una media del 9,2% di grafite in frazioni di dimensioni medie o grosse, con il 14,5% dei fiocchi di grafite nei campioni di marmo che mostrano una liberazione del 90-99% dopo macinazione. L'azienda raccomanda un programma di esplorazione multi-fase per valutare ulteriormente il potenziale del deposito.
Argyle Resources (OTCQB: ARLYF) ha publicado resultados de exploración y ha presentado un Informe Técnico actualizado para su Frenchvale Graphite Property en Nueva Escocia. El informe incluye hallazgos de encuestas geofísicas IP y perforaciones diamantinas realizadas entre septiembre y octubre de 2024.
Los puntos destacados de la exploración incluyen:
- 12.9 kilómetros de IP y resistividad completados en la Zona Principal
- 425 metros de perforación diamantina a través de cuatro pozos de perforación
- Intercepciones notables que incluyen 2.56% de carbono grafítico sobre 4.15 metros y 1.80% de carbono grafítico sobre 8.82 metros
La Zona Principal contiene mineralización de grafito de alta pureza y grandes escamas dentro de mármol grafítico y rocas esquistosas. El análisis muestra un promedio del 9.2% de grafito en fracciones de tamaño medio o grueso, con un 14.5% de escamas de grafito en muestras de mármol que muestran una liberación del 90-99% al ser molidas. La empresa recomienda un programa de exploración en múltiples fases para evaluar aún más el potencial del depósito.
Argyle Resources (OTCQB: ARLYF)는 노바 스코샤에 있는 Frenchvale Graphite Property에 대한 탐사 결과를 발표하고 업데이트된 기술 보고서를 제출했습니다. 이 보고서는 2024년 9월에서 10월 사이에 실시된 IP 지구물리 조사 및 다이아몬드 드릴링의 결과를 포함하고 있습니다.
주요 탐사 하이라이트는 다음과 같습니다:
- 주요 구역에서 완료된 12.9킬로미터의 IP 및 저항성 조사
- 4개의 드릴 홀에서 425미터의 다이아몬드 드릴링
- 4.15미터에서 2.56%의 흑연 탄소와 8.82미터에서 1.80%의 흑연 탄소를 포함한 주목할 만한 인터셉트
주요 구역은 흑연 대리석 및 편암 암석 내에서 고순도 대형 flake 그래파이트 광물화를 포함하고 있습니다. 분석 결과, 중간 또는 굵은 크기 분획에서 평균 9.2%의 그래파이트가 포함되어 있으며, 대리석 샘플에서 14.5%의 그래파이트 flake가 분쇄 시 90-99%의 해방을 보입니다. 회사는 매장량의 잠재력을 추가로 평가하기 위한 다단계 탐사 프로그램을 권장합니다.
Argyle Resources (OTCQB: ARLYF) a publié les résultats de ses explorations et a déposé un rapport technique mis à jour pour sa Frenchvale Graphite Property en Nouvelle-Écosse. Le rapport inclut les résultats d'enquêtes géophysiques IP et de forages diamantés réalisés entre septembre et octobre 2024.
Les points forts de l'exploration comprennent:
- 12,9 kilomètres d'IP et de résistivité complétés dans la Zone Principale
- 425 mètres de forage diamanté à travers quatre forages
- Des interceptions notables, y compris 2,56 % de carbone graphitique sur 4,15 mètres et 1,80 % de carbone graphitique sur 8,82 mètres
La Zone Principale contient une minéralisation de graphite de haute pureté et à grandes paillettes dans du marbre graphitique et des roches schisteuses. L'analyse montre une moyenne de 9,2 % de graphite dans des fractions de taille moyenne ou grossière, avec 14,5 % des paillettes de graphite dans des échantillons de marbre montrant une libération de 90-99 % lors du broyage. L'entreprise recommande un programme d'exploration en plusieurs phases pour évaluer davantage le potentiel du dépôt.
Argyle Resources (OTCQB: ARLYF) hat die Ergebnisse der Erkundung veröffentlicht und einen aktualisierten technischen Bericht für sein Frenchvale Graphite Property in Nova Scotia eingereicht. Der Bericht enthält Ergebnisse von IP-geophysikalischen Untersuchungen und Diamantbohrungen, die zwischen September und Oktober 2024 durchgeführt wurden.
Wichtige Erkundungshighlights umfassen:
- 12,9 Kilometer IP und Widerstand, die in der Hauptzone abgeschlossen wurden
- 425 Meter Diamantbohrung über vier Bohrlöcher
- Bemerkenswerte Interzeptionen, darunter 2,56% graphitischen Kohlenstoff über 4,15 Meter und 1,80% graphitischen Kohlenstoff über 8,82 Meter
Die Hauptzone enthält hochreine, großflockige Graphitmineralisierung innerhalb von graphitischem Marmor und Schiefergestein. Die Analyse zeigt einen Durchschnitt von 9,2% Graphit in mittleren oder groben Größenfraktionen, wobei 14,5% der Graphitflocken in Marmorproben eine Freisetzung von 90-99% beim Mahlen zeigen. Das Unternehmen empfiehlt ein mehrphasiges Explorationsprogramm, um das Potenzial des Vorkommens weiter zu bewerten.
- High-purity, large-flake graphite mineralization confirmed in Main Zone
- Strong graphite liberation characteristics with 14.5% showing 90-99% liberation
- Favorable drilling results with multiple high-grade intercepts
- Marble-hosted samples show higher proportion of valuable coarse and medium-sized graphite flakes
- Further work required to validate graphite occurrences and expand mineralization
- Some analytical constraints in quantifying jumbo-sized graphite flakes
- Additional exploration needed to verify pre-2023 drill core results
Calgary, Alberta--(Newsfile Corp. - March 13, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce exploration results and filing of an updated Technical Report with for the Frenchvale Graphite Property with an effective date of February 21, 2025 ("the Report"). The Report is pursuant to National Instrument 43-101 ("NI43-101") and incorporates results from induced polarization ("IP") geophysical surveying and diamond drilling conducted at the Frenchvale Graphite Property in Nova Scotia, Canada (the "Property") between September and October 2024.
The Report further details drill hole locations, sampling protocols, QA/QC procedures, analytical methods, and additional geological context. A copy of the Report is available under the Company's profile on www.sedarplus.ca.
"The latest exploration results confirm that the Main Zone hosts high-purity, large-flake graphite mineralization within a favorable geological setting. Says, Jeff Stevens, CEO of the Company. Our ongoing work continues to demonstrate the potential for a significant flake graphite deposit, with strong indications of high graphite liberation and coarse flake sizes-key factors for premium market applications. With a strategic multi-phase exploration program ahead, we are focused on expanding and refining our understanding of the deposit, validating historical data, and unlocking additional high-grade graphite mineralization. We are excited about the opportunities this project presents and look forward to advancing it to the next stage."
Exploration Highlights
12.9 kilometres of IP and resistivity completed over the previously-drilled Main Zone (Figure 1)
425 metres of diamond drilling completed over four drill holes:
two exploratory drill holes based on geophysical results
two QA/QC drill holes that twinned drillholes completed in 2008 and 2010
153 new drill core samples were submitted for graphitic carbon analysis
38 of which were also submitted for mineral liberation analysis and quantitative evaluation of minerals by scanning electron microscopy ("MLA/QEMSCAN") quantifying graphite purity, flake size, and liberation characteristics
4 drill core samples from 2010 drilling were re-sampled and submitted for graphitic carbon analysis
1 of which was also submitted for MLA/QEMSCAN
6 surface samples were collected and submitted for graphitic carbon analysis
2 of which were also submitted for MLA/QEMSCAN
Notable drill core intercepts include:
2.56% graphitic carbon over 4.15 metres in FV-24-03 from 50.05 to 54.20 metres1.80% graphitic carbon over 8.82 metres in FV-24-01 from 14.23 to 23.05 metres2.56% graphitic carbon over 5.94 metres in a resampled interval from 2010 drillhole FV-10-05 from 15.60 to 21.54 metres
Table 1 - 2024 Diamond Drill Hole Locations
| DDH Name | Easting (m) | Northing (m) | Azimuth, TN (º) | Plunge (º) | Total Depth (m) | Type |
| FV-24-01 | 696989 | 5103607 | 110 | -45 | 98 | Twin of FV-08-01 |
| FV-24-02 | 696694 | 5103299 | 145 | -45 | 125 | Twin of FV-10-05 |
| FV-24-03 | 696864 | 5103515 | 120 | -45 | 101 | Exploration |
| FV-24-04 | 697048 | 5103333 | 120 | -45 | 101 | Exploration |
Figure 1 - Main Zone 2024 Drillhole Locations and IP Chargeability at 25 metres depth
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/244408_6ce8c10054a89a06_001full.jpg
Report Observations
The Main Zone contains predominantly graphitic marble and graphitic schist host rocks with demonstrated high-purity and large flake graphite. Integration of historic and current exploration data into a 3D digital model suggests a shallow northwestward dip for the main lithologies and mineralization at the Main Zone. Graphite grades are, on average, slightly higher in schist-hosted intervals than in marble-hosted intervals within identified higher-grade zones.
Of all 15 MLA/QEMSCAN samples from 2023 and 2024 grading over
A total of
Report Recommendations
Exploration to date confirms the Property contains the geological conditions favorable for high-purity flake graphite mineralization. Further work is required to validate graphite occurrences, refine geophysical and structural models, and expand graphite-bearing intervals at the Main Zone. A multi-phase exploration program is recommended to assess the flake graphite deposit potential, focusing on delineating additional and higher-grade flake graphite mineralization by validating documented graphite prospects and conducting check-assays on pre-2023 drill core to verify reported results.
Key activities of the first phase include detailed mapping and sampling of a documented graphitic zone on the Property coincident with 2008 VLF and 2017 TDEM anomalies, prospecting of historical graphite showings to assess its mineralization style and potential, and re-sampling of Property drill core, both at the Main Zone and areas southwest of the Main Zone.
Favorable results from the first phase will inform a second phase that will focus on refining exploration targets using geophysical surveys followed by diamond drilling to evaluate the extent and continuity of graphite mineralization. IP geophysical surveying has been shown to delineate major lithologic units and more conductive graphitic horizons within the marble units.
Quality Assurance / Quality Control ("QA/QC")
All 2024 rock and drill core samples were analyzed by Activation Laboratories Ltd. ("Actlabs") using the 4F-C-Graphitic method, which measures total graphitic carbon through high-temperature combustion. Sample preparation included drying, crushing to
In addition to standard graphitic carbon analysis, 38 drill core intervals from the 2024 program were also submitted to Actlabs to receive MLA/QEMSCAN. These techniques provide detailed graphite flake size distribution, mineral associations, and liberation characteristics. This analysis aids in assessing the potential for high-purity flake graphite mineralization at the Property. Samples are prepared for QEMSCAN analysis by Actlabs from a sample of a coarse reject material screened and crushed to
About the Property
The Frenchvale Graphite Property is located in northeastern Nova Scotia on the island of Cape Breton and is 19 kilometres west-southwest of Sydney. The Property consists of 124 mineral claims contained within six contiguous exploration licences and a single non-contiguous licence covering an area of approximately 2,024 hectares, as issued by the Nova Scotia Department of Natural Resources.
Several varieties of metallic skarns and numerous graphite occurrences at various stages of exploration and development have been identified on the Property. Exploration work since 2005 has focused on a graphite zone approximately 800 metres west of Campbell Lake, called the Main Zone, though several other documented graphite prospects exist on the Property.
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. The Company currently holds an option to acquire up to
Argyle believes the 2023 ban on the exportation of natural graphite from China underscores the importance of developing domestic sources of this critical mineral. As graphite is essential for the production of batteries and fuel cells, it is now considered a critical mineral in many jurisdictions, including the United States, Canada, and Nova Scotia. Argyle is focused on advancing its understanding of the Frenchvale Graphite Property's potential in an effort to meet this growing demand and contribute to supply chain stability and economic growth.
Qualified Person
Jesse Halle (P.Geo), a consultant to the Company and an independent Qualified Person in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical material contained in this news release.
For a discussion of the Company's QA/QC and data verification processes and procedures, please see its technical report entitled, NI 43-101 Technical Report Update for the Frenchvale Graphite Property, dated February 21, 2025, which is available under the Company's profile at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'President & CEO
For all other inquiries:
Email: info@argylresourcescorp.com
Phone: (825) 724-0033
Website: www.argyleresourcescorp.com
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-Looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Such statements in this news release include, but are not limited to, the statements with respect to the Company's planned exploration program; and the initiation of work programs generally. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company's business include, among other things that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be re-defined based on a number of factors, many of which are outside of the Company's control. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-Looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
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FAQ
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How much exploration work was completed at ARLYF's Frenchvale Property in 2024?
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