Argyle Resources Corp. (CSE: ARGL) (OTC: 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.
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