Argentex Makes Pinguino Drill Results Available for Viewing in 3D
VANCOUVER, July 8 /PRNewswire-FirstCall/ — Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that drill results from its polymetallic Pinguino property can now be viewed in three-dimensional format using the technology of independent service provider Corebox.net. Interested investors can access this tool by clicking on the “3-D Drill Results” button on the Argentex web site homepage (http://www.argentexmining.com/).
“We are delighted to provide our investors with a new way to visualize the large number of mineralized zones that we have on the Pinguino property, and the mineralized drill intercepts within each of the major zones,” said Ken Hicks, President of Argentex. “We believe this is an excellent tool to illustrate the impressive size and extent of mineralization at Pinguino, allowing investors to see for themselves the potential that the company is working diligently to develop.”
Using Google Earth display software (http://earth.google.com/), the “Drill Plan in Google Earth” feature allows a worldwide perspective, zooming into a property-scale satellite image of the Pinguino property with the major zones labeled. The “3D Model” is broken up into four different zones (see the top of the right-hand column for the zone names). “Cross-sections” allows the selection of vertical cross-sections, displaying the mineralized intercept as well as published grades along the plane of the drilling in any location along the strike of each zone. This data includes drill results from Phase 1 drilling through to the company’s most recent results from the current, ongoing drill program, which is the largest in Argentex’s history. Argentex intends to update the 3D models as new drill results are received, interpreted and released to the public.
Corebox specializes in illustrating drill results for investors and is a leader at providing easy-to-use, interactive analytical tools that empower investors in visualizing and evaluating mineral properties.
Argentex Mining Corporation is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. It holds 100% mineral rights to the polymetallic Pinguino property and more than 30 additional properties, covering a total of 377,490+ acres (152,766+ hectares) of prospective land in Santa Cruz and Rio Negro, Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and, beginning July 28, 2008, will trade on the TSX Venture Exchange under the symbol ATX.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward-looking statements in this news release include statements about the Company’s belief that this 3D tool will enable investors to visualize the potential of the Pinguino Property and that the 3D models will be updated as new drill results are analyzed and released. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company’s control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex’s operations including the risk that the Company may not find any minerals in commercially feasible quantity. These and other risks are described in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.
Argentex Mining Corporation
CONTACT: Ken Hicks, President, Argentex Mining Corporation,1-866-594-7687, firstname.lastname@example.org