Argent Minerals Limited (asx:ard) Quarterly Activities and Cashflow Report

Argent Minerals Limited (ASX:ARD) (Argent, Argent Minerals or the Company) has completed the second quarter of FY2014/15 with significant achievements in the progression of the Kempfield Polymetallic Project toward the Company's goal of an exciting base and precious metal discovery in a highly prospective untested area of the Lachlan Orogen geological terrane, where Argent has identified the potential for additional volcanogenic massive sulphide (VMS) lenses and a high temperature feeder zone and associated high grade base and precious metals.

HIGHLIGHTS:

Argent commences the Kempfield deep diamond drilling program

Four hole deep diamond drilling program designed to test interpreted VMS lenses in the Western Prospective Area targeting high grade zinc, lead, copper and gold

Interpreted mineralisation model updated with Kempfield surface Magnetometric Resistivity (MMR) survey results

Base and precious metal zonation quantitative data announced for Kempfield Mineral Resource adding further evidence in support of the interpreted mineralisation model

A total of $821,000 funding received from the most recent Randamp;amp;D claim and a December capital raising from sophisticated investors in support of the drill program

Cash of approximately $816,000 as at 31 December 2014

Managing Director David Busch said, "Argent Minerals is pleased to report a strong quarter, with the comprehensive interpreted mineralisation model updated from the results of the surface magnetometric resistivity surveys, a deep diamond drilling program developed to test the identified base and precious metals potential, a total of $821,000 of funds raised from the most recent Randamp;amp;D claim and a sophisticated investor capital raising, and the commencement of the Kempfield deep diamond drilling program.

"Financially supported by a meritbased award from the NSW Government, the Kempfield deep diamond drilling program currently underway is the deepest to be conducted at Kempfield in over four decades of exploration, and is designed to test the comprehensive mineralisation model that has been developed by Argent. Drawing on a range of industry bestpractice expertise including the Company's inhouse expert Dr. Vladimir David who has a track record in VMS discovery, Argent's advanced exploration techniques have provided fresh insight into potential mineralisation structures that were not detected previously by traditional survey methods.

"With drilling currently underway on the...