Argyle Resources Announces Exploration Results and Filing of Updated Technical Report for the Frenchvale Graphite Property, Nova Scotia
Calgary, Alberta--(Newsfile Corp. - March 13, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce exploration results and filing of an updated Technical Report with for the Frenchvale Graphite Property with an effective date of February 21, 2025 ("the Report"). The Report is pursuant to National Instrument 43-101 ("NI43-101") and incorporates results from induced polarization ("IP") geophysical surveying and diamond drilling conducted at the Frenchvale Graphite Property in Nova Scotia, Canada (the "Property") between September and October 2024.
The Report further details drill hole locations, sampling protocols, QA/QC procedures, analytical methods, and additional geological context. A copy of the Report is available under the Company's profile on www.sedarplus.ca.
"The latest exploration results confirm that the Main Zone hosts high-purity, large-flake graphite mineralization within a favorable geological setting. Says, Jeff Stevens, CEO of the Company. Our ongoing work continues to demonstrate the potential for a significant flake graphite deposit, with strong indications of high graphite liberation and coarse flake sizes-key factors for premium market applications. With a strategic multi-phase exploration program ahead, we are focused on expanding and refining our understanding of the deposit, validating historical data, and unlocking additional high-grade graphite mineralization. We are excited about the opportunities this project presents and look forward to advancing it to the next stage."
Exploration Highlights
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12.9 kilometres of IP and resistivity completed over the previously-drilled Main Zone (Figure 1)
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425 metres of diamond drilling completed over four drill holes:
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two exploratory drill holes based on geophysical results
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two QA/QC drill holes that twinned drillholes completed in 2008 and 2010
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153 new drill core samples were submitted for graphitic carbon analysis
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38 of which were also submitted for mineral liberation analysis and quantitative evaluation of minerals by scanning electron microscopy ("MLA/QEMSCAN") quantifying graphite purity, flake size, and liberation characteristics
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4 drill core samples from 2010 drilling were re-sampled and submitted for graphitic carbon analysis
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1 of which was also submitted for MLA/QEMSCAN
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6 surface samples were collected and submitted for graphitic carbon analysis
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2 of which were also submitted for MLA/QEMSCAN
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Notable drill core intercepts include:
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2.56% graphitic carbon over 4.15 metres in FV-24-03 from 50.05 to 54.20 metres
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1.80% graphitic carbon over 8.82 metres in FV-24-01 from 14.23 to 23.05 metres
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2.56% graphitic carbon over 5.94 metres in a resampled interval from 2010 drillhole FV-10-05 from 15.60 to 21.54 metres
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Table 1 - 2024 Diamond Drill Hole Locations
| DDH Name | Easting (m) | Northing (m) | Azimuth, TN (º) | Plunge (º) | Total Depth (m) | Type |
| FV-24-01 | 696989 | 5103607 | 110 | -45 | 98 | Twin of FV-08-01 |
| FV-24-02 | 696694 | 5103299 | 145 | -45 | 125 | Twin of FV-10-05 |
| FV-24-03 | 696864 | 5103515 | 120 | -45 | 101 | Exploration |
| FV-24-04 | 697048 | 5103333 | 120 | -45 | 101 | Exploration |
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Figure 1 - Main Zone 2024 Drillhole Locations and IP Chargeability at 25 metres depth
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10451/244408_6ce8c10054a89a06_001full.jpg
Report Observations
The Main Zone contains predominantly graphitic marble and graphitic schist host rocks with demonstrated high-purity and large flake graphite. Integration of historic and current exploration data into a 3D digital model suggests a shallow northwestward dip for the main lithologies and mineralization at the Main Zone. Graphite grades are, on average, slightly higher in schist-hosted intervals than in marble-hosted intervals within identified higher-grade zones.
Of all 15 MLA/QEMSCAN samples from 2023 and 2024 grading over 1.0% graphitic carbon, the average proportion of graphite (by weight) in the medium or coarse size fractions is 9.2%, with the highest recorded value at 21.0%. Jumbo-sized graphite flakes have been observed in marble-hosted samples, however, their full quantification may be limited by MLA/QEMSCAN analytical constraints.
A total of 14.5% of graphite flakes in marble samples exhibit 90-99% liberation upon grinding, with an additional 9.6% considered fully liberated. Marble-hosted intervals contain a higher proportion of coarse and medium-sized graphite flakes than schist-hosted intervals, and less contamination (fewer impurities or "dirty" graphite) than schist-hosted graphite.
Report Recommendations
Exploration to date confirms the Property contains the geological conditions favorable for high-purity flake graphite mineralization. Further work is required to validate graphite occurrences, refine geophysical and structural models, and expand graphite-bearing intervals at the Main Zone. A multi-phase exploration program is recommended to assess the flake graphite deposit potential, focusing on delineating additional and higher-grade flake graphite mineralization by validating documented graphite prospects and conducting check-assays on pre-2023 drill core to verify reported results.
Key activities of the first phase include detailed mapping and sampling of a documented graphitic zone on the Property coincident with 2008 VLF and 2017 TDEM anomalies, prospecting of historical graphite showings to assess its mineralization style and potential, and re-sampling of Property drill core, both at the Main Zone and areas southwest of the Main Zone.
Favorable results from the first phase will inform a second phase that will focus on refining exploration targets using geophysical surveys followed by diamond drilling to evaluate the extent and continuity of graphite mineralization. IP geophysical surveying has been shown to delineate major lithologic units and more conductive graphitic horizons within the marble units.
Quality Assurance / Quality Control ("QA/QC")
All 2024 rock and drill core samples were analyzed by Activation Laboratories Ltd. ("Actlabs") using the 4F-C-Graphitic method, which measures total graphitic carbon through high-temperature combustion. Sample preparation included drying, crushing to 80% passing 2 mm, riffle splitting, and pulverizing to 95% passing 105 µm. Certified graphite standards from CDN Resource Laboratories were inserted at a rate of 1 in 40 samples, with all four submitted standards returning values within the accepted range. Blanks were inserted at a rate of 1 in 30, all reporting graphite concentrations below the detection limit. Actlabs conducted internal QA/QC procedures, including 27 reference standards and 20 duplicate assays, with all but three duplicates falling within 10% variance, primarily affecting low-grade samples (
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