Argyle Resources Initiates Drill Permit Application for Clay Howells Rare Earth Element Project in Ontario

Rhea-AI Summary

Argyle Resources Corp. (ARLYF) has announced plans to initiate permitting for a 2000-meter diamond drill program at its Clay Howells Rare Earth Element Project in northwestern Ontario. The program aims to twin six historic drill holes from 2010-2011 campaigns, pending approval from the Ontario Ministry of Mines. This strategic initiative is designed to validate previous drilling results and support the development of an updated NI 43-101 technical report. The project represents a significant opportunity for domestic rare earth element exploration in Ontario, with the company focusing on de-risking the project and positioning itself for future resource delineation and strategic partnerships. The drilling campaign will enable collection of fresh core samples to verify historical assay data and enhance geological interpretations.

Positive

• Initiative to validate and upgrade historical drill results to current standards
• Strategic focus on domestic rare earth element exploration in Ontario
• Planned update of NI 43-101 technical report to enhance project credibility
• Previous drilling showed encouraging REE mineralization over significant widths

Negative

• Drilling program contingent on regulatory approval from Ontario Ministry of Mines
• No current NI 43-101 compliant resource estimate available
• Reliance on historical drill data that requires validation

2000-meter drill program to twin historic holes and support updated NI 43-101 technical report

Calgary, Alberta--(Newsfile Corp. - June 6, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it will begin the permitting process for a new drilling campaign at its Clay Howells Rare Earth Element (REE) Project, located in northwestern Ontario.

The Company is preparing to launch a 2000-meter diamond drill program, contingent on receipt of the necessary exploration permits from the Ontario Ministry of Mines. The planned program is designed to twin six historic drill holes that were completed on the property during previous exploration campaigns in 2010 and 2011.

This upcoming drill program is a key step in the Company's plan to update the project's geological model and publish a new National Instrument 43-101 ("NI 43-101") compliant technical report. The updated report will provide a modernized assessment of the Clay Howells REE mineralization based on current disclosure standards and support the Company's ongoing project development strategy.

"The Clay Howells Project represents a significant opportunity for domestic rare earth element exploration in Ontario," said Jeffrey Stevens CEO of Argyle Resources. "By twinning the historic drill holes and validating past results under modern standards, we aim to de-risk the project and position Argyle for future resource delineation and strategic partnerships."

The six historical drill holes returned encouraging results that outlined REE mineralization over significant widths. The new drilling will allow for the collection of fresh core samples to validate prior assay data, improve confidence in geological interpretations, and guide future exploration activities across the broader Clay Howells property.

Figure 1: Historical Drill Hole Map for Clay Howells REE Project

To view an enhanced version of this graphic, please visit:
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About Argyle Resources Corp.

Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. In addition to the Saint Gabriel project, the Company currently holds an option to acquire up to 100% of the Frenchvale Graphite Property located in Nova Scotia, Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporté quartzite silica projects in Quebec, Canada. Argyle is engaged in a research partnership with the National Institute of Scientific Research (INRS), a high-level research and training institute funded by the Québec government to conduct exploration programs on the Company's silica projects. The Company was incorporated in 2023 and its head office is located in Calgary, Alberta, Canada.

Qualified Person

George Yordanov, P.Geo., Director, reviewed and approved the scientific and technical information disclosed in this press release, acting as the Company's Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

'Jeffrey Stevens'

President & CEO

For all other inquiries:

Email: info@argylresourcescorp.com

Phone: (825) 724-0033

Website: www.argyleresourcescorp.com

Forward-Looking Statements

All statements included in this press release that address activities, events or developments that Argyle expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements may involve, but are not limited to, statements with respect to the exploration and development of the Company's mineral properties and the use of proceeds from the Offering. These forward-looking statements involve numerous assumptions made by Argyle based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond Argyle's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, Argyle does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254678

FAQ

What is the size of Argyle Resources' planned drill program at Clay Howells?

Argyle Resources plans to conduct a 2000-meter diamond drill program at the Clay Howells REE Project.

What is the main purpose of ARLYF's new drilling campaign?

The drilling campaign aims to twin six historic drill holes from 2010-2011 to validate previous results and support an updated NI 43-101 technical report.

Where is the Clay Howells Rare Earth Element Project located?

The Clay Howells REE Project is located in northwestern Ontario, Canada.

What regulatory approval does Argyle Resources need for the drill program?

Argyle Resources needs to obtain exploration permits from the Ontario Ministry of Mines before proceeding with the drill program.

What were the results of the historical drilling at Clay Howells?

The historical drill holes showed encouraging results with REE mineralization over significant widths, though specific grades were not disclosed in the press release.