Argyle Resources Corp. Provides Drilling Update for Clay Howells REE Project

Executive Summary

• Argyle Resources reported a significant drill intercept of a 5.9‑meter interval of magnetite‑layered carbonatite (hole CH‑25‑04) with high‑grade REE mineralization confirmed by portable XRF.
• The drilling program has completed four holes and is currently advancing hole CH‑25‑05, now at 267 m of a planned 300 m depth; total drilling for the week was 1,231 m (average 102.6 m/day).
• Results validate the geological model for the Clay Howells project and guide future targeting, with the next hole (2025‑AR‑006‑b) slated to commence after completion of the current program.

Key Details

• Hole CH‑25‑04: Intercepted magnetite‑layered carbonatite from 165.25 m to 171.15 m – a 5.9 m interval considered one of the most promising in the program.
• Portable XRF Findings (CH‑25‑04): Detectable concentrations of cerium, lanthanum, neodymium, and praseodymium within the carbonatite zone.
• Hole CH‑25‑05: Currently at 267 m depth; encountered pink/grey syenite with no carbonatite yet, but remains a high‑priority target due to proximity to CH‑25‑04. Planned total depth 300 m.
• Drilling Progress (Sept 21–29): 1,231 m drilled across the program, averaging 102.6 m per day.
• Future Plans: Completion of hole CH‑25‑05 expected shortly; subsequent drilling to begin with hole 2025‑AR‑006‑b.
• CEO Comment (Jeffrey Stevens): Emphasized that the magnetite‑layered carbonatite discovery supports the geological model and will refine future targeting across the project.

Notable Quotes

“Our drilling program at Clay Howells is progressing well, with early results providing valuable insight into the property's geology. The discovery of magnetite-layered carbonatite in CH‑25‑04 is a key development that supports our geological model and will help refine future targeting across the project.” – Jeffrey Stevens, President & CEO, Argyle Resources Corp.