Argentex is scheduling to drill a total of 17,000 meters using a combination of reverse-circulation drilling (13,500 meters) and diamond drilling (3,500 meters) to expand near-surface oxidized silver-gold mineralization. We have also budgeted for 12,000 meters of trenching in our 2010-2011 exploration program.
Argentex's Pinguino property is located in
Patagonia region, within the Deseado Massif of
province. Recent high-grade silver discoveries within newly tested structures of the district-scale vein system at Pinguino show potential for the development of a significant silver resource.
The Deseado Massif is an active region of mining with four precious metal mines currently in production. Advanced exploration as well as early-stage projects are also well established in this area.
Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza,
. From there sample pulps are sent to
for fire assay gold analysis and to
for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in
. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in
. Referee analyses will be carried out by
(assayers) Argentina S.A. in Mendoza,
. Argentex, Acme and
all maintain comprehensive and independent Quality Control/Quality Assurance programs.
Argentex Mining Corporation is a
corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of
. It holds an undivided 100% interest in the mineral rights to the Pinguino property. In total, the company owns 100% mineral rights to more than 35 properties with approximately 307,981 acres (124,636 hectares) of prospective land located in the
. Shares of Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and on the OTCBB under the symbol AGXM.
Exploration on the Pinguino property is being conducted under the supervision of Mr.
, P.Geo., Argentex's President and a Qualified Person as defined by
National Instrument 43-101. Mr. Hicks has read and approved the contents of this release and as part of company management, he is not considered independent of the issuer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.