Argyle completes 2,000 m of drilling at Clay Howells

Executive Summary

• Argyle Resources Corp. has completed a 2,000-meter diamond drilling campaign at its Clay Howells rare-earth element (REE) project in Northwestern Ontario.
• The campaign consisted of seven drill holes executed over 20 days, targeting magnetic highs interpreted as REE-enriched magnetite-bearing carbonatite.
• Samples have been sent to the laboratory, with initial results expected in three to four weeks and subsequent results in five to six weeks.

Key Details

• Campaign Scope: Completed 7 diamond drill holes totaling 2,000 meters.
• Timeline: The campaign was executed over 20 days.
• Equipment & Logistics: Utilized a BTW-core rig with an average penetration rate of 100 meters per day. Helicopters were used for all drill moves and personnel transport to minimize environmental impact.
• Target Geology: Drilling targeted magnetic highs interpreted to be REE-enriched magnetite-bearing carbonatite.
• Operational Challenges: The team faced variable weather and limited water supply at some drill sites but maintained excellent performance and safety standards.
• Next Steps: Results from the first batch of samples are expected in 3-4 weeks; the second batch is expected in 5-6 weeks.

Notable Quotes

• "Argyle Resources is pleased to report the completion of a successful 2,000-metre drill campaign. We remain optimistic on the geological potential of the Clay Howells property and look forward to reviewing the results and determining a path forward in the region." — Jeffrey Stevens, CEO