- Argyle Resources Corp. (ARLYF, Financial) to start Phase 1 exploration at Matapedia Silica Project in Summer 2025.
- Exploration includes GIS-based purity mapping and collection of 130 chip samples.
- 250,000 stock options granted to a director at $0.56 per share, exercisable over five years.
Argyle Resources Corp. (ARLYF) has announced the commencement of its Phase 1 exploration program at the Matapedia Silica Project located in Québec, Canada. This exploration is scheduled to begin in Summer 2025 and will take place concurrently with ongoing research by the Institut National de la Recherche Scientifique (INRS). The goal is to advance the understanding of the project's potential and to identify targets for a prospective Phase 2 program.
The exploration program will feature GIS-based preliminary purity mapping using XRF analysis, detailed prospecting and collection of 130 chip samples, and the integration of field and lab data to highlight high-purity silica zones. The samples will undergo analysis at an ISO-certified assay laboratory.
The project's proximity to the Saint Gabriel Silica Project offers significant operational efficiencies, enabling Argyle to streamline its exploration activities and reduce costs. Argyle Resources also plans to utilize its pilot plant facility for further process enhancements.
In addition to exploration efforts, Argyle has awarded 250,000 stock options to a director at an exercise price of $0.56 per share. These options will vest after four months and remain exercisable for five years, pending shareholder approval at the upcoming annual general meeting.
