Argyle Resources Completes Phase I Drill Program at the Frenchvale Graphite Property, Nova Scotia
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has completed Phase I diamond drilling at its Frenchvale Graphite Property in Nova Scotia. The program targeted an 800-metre trend of marble-hosted graphite, validating historic drill results and testing new targets identified by recent IP surveying. 425 metres of drilling across four holes intercepted crystalline flake graphite within light and dark grey siliceous marble.
Key observations include:
- Main Zone marble units show moderate to low conductivity and chargeability
- Bedrock outcroppings reveal a moderately shallow dip to the northwest
- The Main Zone metasedimentary package appears as a coherent block with minimal faulting
Samples will be analyzed for total graphitic carbon and flake characterization. The company emphasizes the importance of developing domestic graphite sources, given China's 2023 export ban on natural graphite.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completato la Fase I di perforazione diamantina presso il suo Proprietà di Grafite Frenchvale in Nuova Scozia. Il programma ha mirato a una tendenza di 800 metri di grafite ospitata nel marmo, convalidando i risultati storici di perforazione e testando nuovi obiettivi identificati da recenti indagini IP. 425 metri di perforazioni su quattro fori hanno intercettato grafite cristallina a scaglie all'interno di marmo siliceo di colore grigio chiaro e scuro.
Le osservazioni chiave includono:
- Le unità di marmo della Zona Principale mostrano una conducibilità e una capacità di carica moderate a basse
- Le affioramenti di roccia madre rivelano una pendenza moderatamente poco profonda verso nord-ovest
- Il pacchetto metasedimentario della Zona Principale appare come un blocco coerente con minima fratturazione
I campioni saranno analizzati per il carbonio grafitico totale e la caratterizzazione delle scaglie. L'azienda sottolinea l'importanza di sviluppare fonti nazionali di grafite, dato il divieto di esportazione della Cina sul grafite naturale nel 2023.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) ha completado la Fase I de perforación diamantina en su propiedad de grafito Frenchvale en Nueva Escocia. El programa se centró en una tendencia de 800 metros de grafito alojado en mármol, validando los resultados históricos de perforación y probando nuevos objetivos identificados por encuestas IP recientes. 425 metros de perforación a través de cuatro agujeros intersecaron grafito en escamas cristalinas dentro de mármol silíceo de color gris claro y oscuro.
Las observaciones clave incluyen:
- Las unidades de mármol de la Zona Principal muestran conductividad y capacidad de carga moderadas a bajas
- Los afloramientos de lecho de roca revelan una inclinación moderadamente poco profunda hacia el noroeste
- El paquete metasedimentario de la Zona Principal aparece como un bloque coherente con mínima fracturación
Las muestras serán analizadas para determinar el carbono grafítico total y la caracterización de las escamas. La empresa enfatiza la importancia de desarrollar fuentes de grafito nacionales, dado el embargo de exportación de China sobre grafito natural en 2023.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF)는 노바스코샤에 있는 Frenchvale 그래파이트 부지에서 1단계 다이아몬드 시추를 완료했습니다. 이 프로그램은 800미터에 걸친 대리석 기반의 그래파이트 트렌드를 목표로 하여, 과거의 시추 결과를 검증하고 최근 IP 조사를 통해 확인된 새로운 목표를 시험했습니다. 4개의孔에서 425미터의 시추가 밝은 회색과 어두운 회색 규산 대리석 내에서 결정성 조각 그래파이트를 교차했습니다.
주요 관찰 사항은 다음과 같습니다:
- 주요 구역의 대리석 유닛은 중간에서 낮은 전도성과 전하성을 나타냅니다
- 암석 노출은 북서쪽으로 완만한 경사를 보입니다
- 주요 구역의 퇴적암 패키지는 최소한의 단층이 있는 일관된 블록으로 나타납니다
샘플은 총 그래파이트 탄소와 조각 특성을 분석할 것입니다. 이 회사는 2023년에 중국의 천연 그래파이트 수출 금지를 감안하여 국내 그래파이트 공급원을 개발하는 것이 중요하다고 강조합니다.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) a complété la Phase I de forage diamanté sur sa propriété de graphite à Frenchvale en Nouvelle-Écosse. Le programme a ciblé une tendance de 800 mètres de graphite hébergé dans le marbre, validant les résultats de forage historiques et testant de nouvelles cibles identifiées par des enquêtes IP récentes. 425 mètres de forage à travers quatre trous ont intercepté du graphite en flocons cristallin dans du marbre siliceux gris clair et foncé.
Les observations clés incluent :
- Les unités de marbre de la zone principale montrent une conductivité et une capacité de charge modérées à faibles
- Les affleurements de la roche mère révèlent une inclinaison modérément peu profonde vers le nord-ouest
- Le paquet métasédimentaire de la zone principale apparaît comme un bloc cohérent avec un minimum de faulting
Les échantillons seront analysés pour le carbone graphitique total et la caractérisation des flocons. L'entreprise souligne l'importance de développer des sources de graphite nationales, compte tenu de l'interdiction d'exportation de la Chine sur le graphite naturel en 2023.
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) hat Phase I der Diamantbohrungen auf seinem Graphiteigentum Frenchvale in Nova Scotia abgeschlossen. Das Programm zielte auf einen 800-Meter-Trend von marmorhaltigem Graphit ab, validierte historische Bohrergebnisse und testete neue Zielbereiche, die durch kürzliche IP-Befragungen identifiziert wurden. 425 Meter Bohrungen über vier Löcher durchdrangen kristalline Flake-Graphit in hellem und dunklem grauem siliciumhaltigem Marmor.
Wichtige Beobachtungen sind:
- Die Hauptzone der Marmorien zeigt moderate bis niedrige Leitfähigkeit und Ladbarkeit
- Felsvorsprünge zeigen eine mäßig flache Neigung nach Nordwesten
- Das metasedimentäre Paket der Hauptzone erscheint als ein kohärenter Block mit minimalen Verwerfungen
Proben werden auf gesamten graphitischen Kohlenstoff und Flake-Charakterisierung analysiert. Das Unternehmen betont die Bedeutung der Entwicklung nationaler Graphitquellen, angesichts des Exportverbots Chinas für natürlichen Graphit im Jahr 2023.
- Completion of Phase I diamond drilling program at Frenchvale Graphite Property
- Interception of crystalline flake graphite in all four drill holes
- Alignment of drilling results with geophysical survey interpretations
- Potential for efficient targeting of mineralized intercepts through 3D modelling
- None.
Calgary, Alberta--(Newsfile Corp. - October 15, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce completion of Phase I diamond drilling at its Frenchvale Graphite Property (the "Property") in Nova Scotia. The drilling targeted an 800-metre trend of marble-hosted graphite and was designed to validate drilled intercepts from select historic drill holes performed in 2008 and 2010, as well as drill-test priority flake graphite targets from recent IP surveying as detailed in our September 24, 2024 news release.
A total of 425 metres of drilling was completed across four holes, each intercepting crystalline flake graphite within large intercepts of light grey and dark grey siliceous marble. The dark grey marble is expected to contain higher concentrations of flake graphite. Other lithologies include schistose metasedimentary amphibolite, often interbedded with graphitic marble, and pegmatite, diorite, and mafic dikes. Schistose metasedimentary amphibolites were also noted to contain flake graphite, particularly at contact margins.
Drilling and geological interpretations of the recent geophysical survey will enable inaugural 3D modelling and efficient targeting of mineralized intercepts. Preliminary observations include:
Main Zone Marble units exhibit moderate to low conductivity and chargeability contrasting with the highly-conductive and chargeable schistose metasedimentary rocks (Figures 1 and 2)
Bedrock outcroppings and historic trenching within graphite-bearing Main Zone lithologies reveal a moderately shallow dip to the northwest, aligning with structures interpreted in conductivity plans
The Main Zone metasedimentary package is comprised of a coherent block of strata with minimal faulted offset
Detailed geological interpretation and sampling are ongoing. Drill core samples are projected to be split and sent to Activation Laboratories Ltd. for analysis in one week. All samples will be analyzed for total graphitic carbon, and selected samples from all prospective lithologies will undergo additional analysis for flake characterization and size distribution.
The 2023 ban on the exportation of natural graphite from China underscores the importance of developing domestic sources of this critical mineral. Graphite is essential for the production of batteries and fuel cells, making it crucial for energy storage technologies 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.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
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 accepted 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 Company's planned exploration program, including drilling results. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226610
FAQ
What were the results of Argyle Resources' (ARLYF) Phase I drilling at Frenchvale Graphite Property?
How many metres were drilled in Argyle Resources' (ARLYF) Phase I program at Frenchvale?
What is the significance of China's 2023 graphite export ban for Argyle Resources (ARLYF)?
When will Argyle Resources (ARLYF) receive the analysis results from the Frenchvale drilling program?
