Argyle applies for Lac Comporte drilling drill permits

Executive Summary

• Argyle Resources Corp. has submitted permitting applications and expects to receive approval later this week to commence a 3,000-meter drilling program at its Lac Comporte silica project in Quebec.
• The drilling campaign targets high-grade quartzite horizons identified during a recent summer field program, which included comprehensive mapping and prospecting.
• Previous sampling from the targeted horizon returned exceptional results, including up to 98% SiO2, with a specific high-grade assay of 98.52% SiO2.

Key Details

• Drilling Program Scope: The company plans to drill 3,000 meters of NQ-sized core.
• Target Area: The drilling will focus on the most encouraging results from the company's successful summer field program at the Lac Comporte silica project, located in the Bas-Saint-Laurent region of Quebec, Canada.
• Summer Program Results: The summer effort defined a kilometric horizon of quartzite.
• Assay Highlights: Four samples from the defined horizon returned assays of up to 98 per cent SiO2 (silicon dioxide).
• Specific High-Grade Sample: Sample E715925 returned a high-grade result of 98.52 per cent SiO2.
• Qualified Person: George Yordanov, PGeo, a director, reviewed and approved the scientific and technical information as the Qualified Person under National Instrument 43-101.

Notable Quotes

• "Advancing to the drilling stage at Lac Comporte marks a pivotal moment for Argyle. Our summer program reinforced the project's potential, and we're excited to begin testing these targets with a focused 3,000-metre campaign. This milestone reflects our commitment to disciplined exploration and unlocking value in Quebec's emerging silica corridor." — Jeff Stevens, Chief Executive Officer