Argyle Resources Provides Update on Matapedia Silica Project Developments and Upcoming Exploration Plans
Argyle Resources Provides Update on
Matapedia Silica Project Developments and
Upcoming Exploration Plans
Calgary, Alberta--(Newsfile Corp. - October 9, 2024) - Argyle Resources Corp. (CSE: ARGL) (OTCQB:
ARLYF) (FSE: ME0) ("
Argyle
" or the "
Company
") is pleased to update shareholders on developments
regarding the Matapedia silica project in Quebec. Following work on compiling and interpreting
aeromagnetic and Lidar data, the Company, in partnership with the Institut National de la Recherche
Scientifique ("
INRS
") identified areas of interest with high silica potential. Field work subsequently
confirmed Professor Richer-LaFlèche's exploration strategy by identifying five initial quartzite outcrop
areas on the Matapedia property that will serve as the first targets for exploration. These locations were
selected for their accessibility, which is expected to allow for more efficient operations. While other silica
outcrops exist within the property and have been visually identified in the reconnaissance mission
executed by an INRS geologist in July 2024 and later in August and September, they are not the target
for the first pass exploration. The Company notes that, beginning October 5, 2024, there is a one-month
restriction on access to a large section of the Matapedia project for the annual hunting season.
The
Company's exploration activities will recommence immediately after the hunting season ends.
Figure 1: Large silica outcrop formation on target 1 of Matapedia project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/226074_c3699317a480d9c6_001full.jpg
Figure 2: INRS technician observing large silica outcrop at target 3 of the Matapedia project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/226074_c3699317a480d9c6_002full.jpg
Figure 3: Close up image of silica outcrop at target 1 on the Matapedia project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/226074_c3699317a480d9c6_003full.jpg
The continued exploration program will include outcrop geophysical radiometric gamma ray and
magnetic susceptibility measurements, SWIR (shortwave infrared)-NIR reflectance and high precision
colorimetric measurements. Following these assessments, diamond saws will be employed for a
grooving and channel sampling program on the silica outcrops.
To enhance the Company's analytical
capabilities, Argyle has acquired an X-ray fluorescence ("
XRF"
) gun that will enable real-time analysis of
silica samples and prioritization of sampling sites. This equipment will provide crucial data on silica
purity and identify potential contaminants such a Fe
2
O
3
, Al
2
O
3
, K
2
0, MgO, CaO and TiO
2
.
As the
exploration program progresses, the Company intends to provide further disclosure regarding Si02
values detected with the XRF gun and quantitative chemical analysis from Actlabs (Ancaster, On).
Additionally, the samples will be transported to the Company's pilot plant facility in St-Lambert-de-
Lauzon (see news release dated August 30, 2024), where the samples will undergo processing of
crushing, grinding and granulometric classification
.
The resulting product will be compared to industrial
silica specifications to determine its suitability for various industrial and high technology applications
such as solar panel manufacturing, semiconductor chip manufacturing for artificial intelligence
applications and EV battery manufacturing.
The Company is in discussions with another university research group and end users of high grade silica
with the intent on sharing samples for their independent analysis and potential off-take partnerships.
The Company is committed to advancing its silica projects and believe these initial steps will lay a strong
foundation for further exploration and development. We will continue to keep our shareholders informed
as we progress.
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
Marc Richer-Lafleche P.GEO., a consultant to the Company and a Qualified Person, as such term is
defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
, has reviewed and
approved the scientific and technical information reported in this news release.
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 100% of the Frenchvale Graphite Property located in Nova Scotia,
Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporte quartzite silica
projects in Quebec, Canada.
Argyle is engaged in a research partnership with the National Institute of
Scientific Research (INRS), a high-level research and training institute funded by the Quebec
government to conduct exploration programs on the Company's silica projects. The Company was
incorporated in 2023 and its head office is located in Calgary, Alberta, Canada.
For all other inquiries:
Email:
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
ongoing execution of an exploration campaign in collaboration with INRS and the expected targets,
measurements and timing for exploration; the Company's expectation for further analysis of samples
and disclosure regarding same; transportation and processing of samples, discussions for sharing
samples and analysis for potential off-take partnerships,; and the potential to identify high-quality
silica. 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; the Company's ability to access sources of debt and
equity capital; competitive factors, pricing pressures and supply and demand in the Company's
industry. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may di fer 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 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/226074