Argyle Resources Stock Price, News & Analysis

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has provided an update on its Matapedia silica project in Quebec. The company, in collaboration with INRS, has identified five initial quartzite outcrop areas with high silica potential. These areas will serve as the first targets for exploration, chosen for their accessibility. A one-month restriction on access due to hunting season began on October 5, 2024, with exploration activities set to resume afterward.

The exploration program will include geophysical measurements, SWIR-NIR reflectance, and colorimetric measurements. Argyle has acquired an XRF gun for real-time analysis of silica samples. Samples will be processed at the company's pilot plant facility in St-Lambert-de-Lauzon to determine suitability for various industrial applications. Argyle is also in discussions with another university research group and potential end users for independent analysis and off-take partnerships.

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has completed an Induced Polarization (IP) geophysical survey at its Frenchvale Graphite Property in Nova Scotia. The 13.5-line-kilometer survey covered an area of historic drilling, which identified an 800-meter trend of marble-hosted graphite. Preliminary results show a 900-meter wide zone of very high chargeability responses, suggesting several sub-parallel mineralized horizons.

The final geophysical survey report, including 3D numerical inversions, will be combined with historical data to guide an upcoming drill program. Drilling notifications have been submitted, with approvals expected within a week. A drill contractor has been selected and is ready to start by the end of September.

Argyle emphasizes the importance of identifying domestic graphite sources, especially following China's 2023 ban on natural graphite exports. The company aims to contribute to supply chain stability and economic growth in response to increasing demand for this critical mineral.

Argyle Resources Corp (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) has announced its listing on the Tradegate Exchange in Germany. This strategic move is aimed at enhancing the company's visibility and accessibility to European investors, potentially broadening its shareholder base. The listing on Tradegate Exchange represents an important step for Argyle in expanding its market presence and providing new opportunities for investment in the European financial markets.

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) announces that its partner, Institut National de la Recherche Scientifique (INRS), has begun detailed geological mapping and sampling of outcrop silica structures at the Matapedia Silica project in Quebec. This work is important for understanding the regional geology of Argyle's 912-hectare silica district in St. Moise. The company has acquired an X-ray fluorescence (XRF) analyzer for real-time silica quality assessments and will use a Gamma Radiation Spectrometer (GRS) to measure potassium levels. A portable colorimeter will quantify quartzite reflectance properties. These initiatives support Argyle's recently announced pilot plant program, featuring mobile crushing, grinding, and sorting equipment for processing silica samples across their Quebec properties.

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) has initiated an exploration program at its Frenchvale Graphite Property in Nova Scotia. The program begins with line cutting for an upcoming Induced Polarization (IP) survey, designed to identify domestic Canadian-sourced natural graphite. This move is significant due to China's ban on natural graphite exports in 2023, which has heightened the importance of securing alternative graphite sources.

The IP survey will cover an 800-meter trend of marble-hosted graphite, with lines 1.2 kilometers long and 100 meters apart. It aims to trace silicious marble units and graphitic horizons within the marble, guiding future drill programs. The survey is expected to start around September 7th and last 10-14 days. Following the IP survey, Argyle plans to commence a drill program by the end of September.

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) has successfully upgraded from the OTC Pink Market to the OTCQB Venture Market, commencing trading on September 3rd, 2024. The company's shares will trade under the symbol 'ARLYF' on the OTCQB, while continuing to trade as 'ARGL' on the Canadian Securities Exchange and 'ME0' on the Frankfurt Stock Exchange.

Additionally, Argyle's common shares have become DTC eligible, simplifying trading processes and potentially enhancing liquidity in the United States. CEO Jeff Stevens highlighted this milestone as an important step in increasing visibility and transparency for investors, potentially reaching a wider audience.

Argyle Resources Corp (CSE: ARGL, OTC: ARLYF) has rented a pilot processing facility in St-Lambert-de-Lauzon, Quebec, to enhance its silica exploration operations. The facility, located near Argyle's silica properties and the INRS campus, will house mobile crushing, grinding, and sorting equipment. This setup aims to process 200 kg bulk samples from each of Argyle's three quartzite silica properties during the 2024 field season.

The processed silica will be analyzed for suitability in high-tech applications like solar panels, semiconductor chips, and EV batteries. This strategic move aligns with Quebec's expanding electric vehicle battery supply chain, including the upcoming $7 billion Northvolt AB battery manufacturing facility set for completion in 2026.

Argyle Resources Corp (CSE: ARGL) (OTC Pink: ARLYF) has secured necessary permissions from private landholders for its Matapedia silica project in Quebec, enabling the company to proceed with its planned exploration program. The 2024 exploration, conducted in collaboration with the Institut National de la Recherche Scientifique (INRS), includes:

1. Geological reconnaissance
2. High-resolution drone imagery
3. Thermal infrared and LIDAR drone imagery
4. High-resolution drone magnetometric survey
5. Geological and structural mapping
6. Sampling work and overburden stripping
7. Real-time kinematic mapping and total station survey
8. Bulk sample collection
9. Laboratory assessments

INRS technicians have already begun geolocating silica outcrops using GPS devices. CEO Jeff Stevens expressed excitement about moving forward with phase 1 exploration, anticipating critical insights into the high-grade silica potential at Matapedia.

Argyle Resources Corp. (CSE: ARGL, OTC Pink: ARLYF, FSE: ME0) has announced two significant changes: the appointment of Michael Yeung as Chief Financial Officer and the engagement of Independent Trading Group, Inc. (ITG) as a market maker for its shares on the Canadian Securities Exchange (CSE).

Michael Yeung brings over 18 years of experience in public and private markets, with expertise in financial oversight, strategic planning, and risk management. He replaces Christian Grundling in the CFO role. ITG, a leading Canadian broker dealer, will provide liquidity and execution services to enhance the trading experience for Argyle's investors. The contract with ITG is for an initial three-month period, with automatic monthly extensions, at a monthly fee of CDN $5,500.