Argyle Resources Completes IP Surveying at the Frenchvale Graphite Property, Nova Scotia
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has completed an Induced Polarization (IP) geophysical survey at its Frenchvale Graphite Property in Nova Scotia. The 13.5-line-kilometer survey covered an area of historic drilling, which identified an 800-meter trend of marble-hosted graphite. Preliminary results show a 900-meter wide zone of very high chargeability responses, suggesting several sub-parallel mineralized horizons.
The final geophysical survey report, including 3D numerical inversions, will be combined with historical data to guide an upcoming drill program. Drilling notifications have been submitted, with approvals expected within a week. A drill contractor has been selected and is ready to start by the end of September.
Argyle emphasizes the importance of identifying domestic graphite sources, especially following China's 2023 ban on natural graphite exports. The company aims to contribute to supply chain stability and economic growth in response to increasing demand for this critical mineral.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completato un'indagine geofisica di Polarizzazione Indotta (IP) presso il suo Frenchvale Graphite Property in Nuova Scozia. L'indagine di 13,5 chilometri lineari ha coperto un'area di perforazioni storiche, che ha identificato una tendenza di grafite ospitata nel marmo di 800 metri. I risultati preliminari mostrano una zona di ampia carica di 900 metri, suggerendo diversi orizzonti mineralizzati sub-paralleli.
Il rapporto finale dell'indagine geofisica, compresi gli inversi numerici 3D, sarà combinato con i dati storici per guidare un prossimo programma di perforazione. Le notifiche di perforazione sono state inviate, con approvazioni attese entro una settimana. È stato selezionato un appaltatore per la perforazione, pronto a iniziare entro la fine di settembre.
Argyle sottolinea l'importanza di identificare fonti di grafite domestiche, soprattutto dopo il divieto della Cina sulle esportazioni di grafite naturale nel 2023. L'azienda mira a contribuire alla stabilità della catena di approvvigionamento e alla crescita economica in risposta all'aumento della domanda di questo minerale critico.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completado una encuesta geofísica de Polarización Inducida (IP) en su Frenchvale Graphite Property en Nueva Escocia. La encuesta de 13,5 kilómetros lineales cubrió un área de perforaciones históricas, que identificó una tendencia de grafito alojado en mármol de 800 metros. Los resultados preliminares muestran una zona de alta capacidad de respuesta de 900 metros de ancho, sugiriendo varios horizontes mineralizados sub-paralelos.
El informe final de la encuesta geofísica, que incluye inversiones numéricas en 3D, se combinará con datos históricos para guiar un próximo programa de perforación. Se han enviado notificaciones de perforación, y se esperan aprobaciones dentro de una semana. Se ha seleccionado un contratista de perforación, listo para comenzar a finales de septiembre.
Argyle enfatiza la importancia de identificar fuentes de grafito nacionales, especialmente después de la prohibición de China sobre las exportaciones de grafito natural en 2023. La empresa busca contribuir a la estabilidad de la cadena de suministro y al crecimiento económico en respuesta al aumento de la demanda de este mineral crítico.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF)는 노바스코샤의 Frenchvale Graphite Property에서 유도 분극(IP) 지구 물리 조사 조사를 완료했습니다. 13.5킬로미터의 조사 구간은 800미터의 석회암 호스트 그래파이트의 역사적인 시추를 포함한 지역을 다뤘습니다. 초기 결과는 900미터 폭의 매우 높은 전하 반응 구역을 보여주며, 여러 개의 평행한 광물화 지평선이 있음을 시사합니다.
최종 지구 물리 조사 보고서는 3D 수치 역전 데이터를 포함해 역사적인 데이터와 결합되어 향후 시추 프로그램을 안내할 것입니다. 시추 알림이 제출되었으며, 승인은 일주일 이내에 예상됩니다. 시추 계약자가 선정되어 9월 말까지 시작할 준비가 되어 있습니다.
Argyle은 특히 2023년 중국의 자연 그래파이트 수출 금지 이후 국내 그래파이트 원천을 식별하는 것의 중요성을 강조합니다. 이 회사는 이 중요한 광물에 대한 수요 증가에 대응하여 공급망 안정성과 경제 성장에 기여하는 것을 목표로 하고 있습니다.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) a achevé une enquête géophysique de Polarisation Induite (IP) sur sa Frenchvale Graphite Property en Nouvelle-Écosse. L'enquête de 13,5 kilomètres a couvert une zone de forage historique, qui a identifié une tendance de 800 mètres de graphite hébergé dans du marbre. Les résultats préliminaires montrent une zone de réponse de charge très élevée de 900 mètres de large, suggérant plusieurs horizons minéralisés parallèles.
Le rapport final de l'enquête géophysique, y compris les inversions numériques en 3D, sera combiné avec des données historiques pour guider un prochain programme de forage. Les notifications de forage ont été soumises, avec des approbations attendues dans la semaine. Un entrepreneur de forage a été sélectionné et est prêt à commencer d'ici la fin septembre.
Argyle souligne l'importance d'identifier des sources de graphite nationales, surtout après l'interdiction par la Chine des exportations de graphite naturel en 2023. L'entreprise vise à contribuer à la stabilité de la chaîne d'approvisionnement et à la croissance économique en réponse à une demande croissante pour ce minéral critique.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) hat eine geophysikalische Umfrage zur Induzierten Polarisation (IP) auf seinem Frenchvale Graphite Property in Nova Scotia abgeschlossen. Die 13,5 Kilometer lange Umfrage umfasste ein Gebiet mit historischen Bohrungen, wo ein 800 Meter langer Trend von marmorhaltigem Grafit identifiziert wurde. Vorläufige Ergebnisse zeigen eine 900 Meter breite Zone mit sehr hohen Ertragswerten, die auf mehrere nebeneinanderliegende mineralisierte Horizonte hindeutet.
Der endgültige Bericht zur geophysikalischen Untersuchung, einschließlich 3D-numerischer Inversionen, wird mit historischen Daten kombiniert, um ein bevorstehendes Bohrprogramm zu leiten. Bohrbenachrichtigungen wurden eingereicht, wobei mit Genehmigungen innerhalb einer Woche gerechnet wird. Ein Bohrunternehmer wurde ausgewählt und ist bereit, bis Ende September zu beginnen.
Argyle betont die Bedeutung der Identifizierung inländischer Grafitquellen, besonders nach Chinas Verbot von Naturgrafitexporten im Jahr 2023. Das Unternehmen zielt darauf ab, zur Stabilität der Lieferkette und zum Wirtschaftswachstum in Reaktion auf die steigende Nachfrage nach diesem kritischen Mineral beizutragen.
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Calgary, Alberta--(Newsfile Corp. - September 24, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce completion of an Induced Polarization ("IP") geophysical survey at its Frenchvale Graphite Property (the "Property") in Nova Scotia. The IP survey was conducted over an area of historic drilling which has identified an 800-meter trend of marble-hosted graphite, extending to over one kilometer with surface mapping. Results of the 13.5-line-kilometer IP survey are being finalized by the Company's consulting geophysicist and are expected within one week.
The Company's consulting geophysicist designed the IP survey which used a dipole-dipole array with eight potential 25 metre-wide dipoles. This configuration is expected to provide good resolution of near-surface geology while contrasting highly-resistive silicious marble horizons with highly-conductive graphitic zones in the marble.
Preliminary IP results show a 900-meter wide zone of very high chargeability responses, oriented northeast-southwest (Figure 1). These strong IP anomalies are weakly to strongly conductive, suggesting several sub-parallel mineralized horizons. The historical drill holes fall into this large and strong IP zone but the new survey also highlights many untested areas of interest with stronger IP responses.
The final geophysical survey report will include 3D numerical inversions. Results will be combined with compiled historical Property data to direct an upcoming drill program that will target graphite-rich horizons within the marble. Drilling notifications have been submitted to government agencies with approvals expected within one week. A drill contractor has been selected and is available to commence drilling by the end of September.
Figure 1: Resistivity Model for Frenchvale Graphite Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/224331_1e5f95bac428da97_001full.jpg
Figure 2: Chargeability Model for Frenchvale Graphite Project
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https://images.newsfilecorp.com/files/10451/224331_1e5f95bac428da97_002full.jpg
Argyle believes the 2023 ban on the exportation of natural graphite from China has heightened the importance of identifying domestic sources of natural graphite. The mineral is now considered critical in many jurisdictions including the United States, Canada, and Nova Scotia owing to its crucial role as a component of batteries and fuel cells. The Company is strategizing around this increasing demand while aiming to contribute to supply chain stability and economic growth.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
Qualified Person
Marc Boivin (P.Geo), a consulting geophysicist for the Company and considered 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, Frenchvale Graphite Property NI 43-101, dated December 11, 2023, which is available under the Company's profile at www.sedarplus.ca.
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
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 expected IP survey resolution and results, expected government approvals, theCompany's planned exploration program; the initiation of work programs generally and the Company's contribution to the supply chain and economic growth. There can be no assurance that such statements will prove to be accurate and actual results and future events could di fer 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
What did Argyle Resources' recent IP survey at Frenchvale Graphite Property reveal?
When is Argyle Resources (ARLYF) planning to start drilling at the Frenchvale Graphite Property?
How has China's 2023 ban on natural graphite exports affected Argyle Resources' strategy?
What is the significance of the graphite trend identified at Argyle Resources' Frenchvale Property?
