Argentex targets expansion of high-grade silver-gold and silver-zinc-indium zones at Pinguino
The initial phase of the program is focused on expanding high-grade silver-gold and silver-zinc-indium targets at Pinguino, starting with diamond drilling at Marta Norte, a high-grade silver zone that has previously returned promising results and that remains open along strike and at depth.
“The level of interest in
Comprehensive Drilling to Increase Pinguino Mineralization
After work at Marta Norte is complete, Argentex intends to use a combination of diamond drilling and reverse-circulation drilling to expand near-surface oxidized silver-gold mineralization and deeper sulphide mineralization at Pinguino. Widely spaced drilling is proposed along strike of zones with previous closely spaced drilling. Drilling at Pinguino in 2009-2010 is designed to test both shallow and deep areas of the mineralized system.
Major Perforaciones S.A., a division of Major Drilling Group International, has been contracted for the upcoming drill program.
Ongoing 2009-2010 Exploration on Santa Cruz Properties
Detailed mapping conducted by Argentex geologists in the last two months provides a solid geological framework of prospective ground within the Condor,
Argentex’s Pinguino property is located in
Indium, a significant component of Argentex’s polymetallic discovery at Pinguino, is used in flat-panel (LCD, plasma) displays, and in leading-edge thin-film solar cell technology.
Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.
The majority of mineralized zones at Pinguino lie along the strike of the northwest-trending Tranquilo trend, which is a dominant northwest trending regional fault structure cutting across the approximately 24,710-acre (10,000-hectare) property.
Samples selected for analysis are sent to Acme Analytical Laboratories’ sample preparation lab in Mendoza,
Argentex Mining Corporation is a
Exploration on the Pinguino property is being conducted under the supervision of Mr.
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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 in this news release include statements about The goal of our current drill program is to upgrade the existing resource estimate through widely spaced drilling on these existing targets.” Widely spaced drilling is proposed along strike of zones with previous closely spaced drilling. Drilling at Pinguino in 2009-2010 is designed to test both shallow and deep areas of the mineralized system.” 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 or raise funds sufficient to prosecute its exploration plans. 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.
SOURCE Argentex Mining Corporation