Argentex Announces Final Trenching Results from its Pinguino Silver-Gold Project Including 1.5 metres Averaging 4.81 g/t Au &...
17 Março 2014 - 10:00AM
Marketwired
Argentex Announces Final Trenching Results from its Pinguino
Silver-Gold Project Including 1.5 metres Averaging 4.81 g/t Au and
6771.3 g/t Ag
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 17, 2014) -
Argentex Mining Corporation (TSX-VENTURE:ATX)(OTCQB:AGXMF)
("Argentex" or the "Company") is pleased to announce the complete
trenching results from its 6,000-metre 2013 Phase IX resource
development program at its 100% owned Pingüino silver and gold
project, located in Santa Cruz Province, Argentina.
Selected results
from the trenching program are highlighted in the following table
(see Company website for complete results:
http://www.argentexmining.com/s/Pinguino.asp)
|
|
From |
To |
Length |
Au |
Ag |
Ag Eq |
Vein |
Trench |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(g/t) |
Ivonne Norte |
IVN-03-11 |
39.7 |
41.7 |
2.0 |
3.01 |
1.8 |
152.3 |
Karina |
KAR-02-13 |
5.7 |
35.5 |
29.8 |
0.18 |
41.7 |
50.4 |
including |
7.7 |
9.2 |
1.5 |
1.15 |
201.3 |
258.9 |
including |
15.0 |
15.5 |
0.5 |
0.27 |
837.0 |
850.6 |
including |
34.4 |
35.5 |
1.1 |
1.14 |
139.0 |
195.8 |
CSS |
CSS-10-13 |
33.3 |
42.0 |
8.7 |
0.84 |
1179.7 |
1221.7 |
|
including |
34.3 |
35.8 |
1.5 |
4.81 |
6771.3 |
7011.7 |
Savary |
SAV-34-13 |
26.5 |
35.3 |
8.8 |
1.15 |
59.5 |
117.1 |
including |
27.0 |
28.0 |
1.0 |
3.75 |
294.0 |
481.6 |
SAV-34-13 |
42.6 |
46.0 |
3.4 |
1.54 |
14.5 |
91.5 |
including |
44.6 |
46.0 |
1.4 |
3.56 |
27.1 |
205.0 |
SAV-32-13 |
3.2 |
10.4 |
7.2 |
0.79 |
48.9 |
88.6 |
including |
5.2 |
7.4 |
2.2 |
2.40 |
128.8 |
249.0 |
Tranquilo |
TR-144-13 |
31.4 |
41.4 |
10.0 |
0.08 |
520.9 |
524.8 |
including |
34.4 |
38.4 |
4.0 |
0.17 |
1192.8 |
1201.4 |
TR-146-13 |
21.2 |
25.9 |
4.7 |
0.17 |
209.2 |
217.5 |
* Ag Eq is Silver Equivalent of gold plus silver
and based upon a price ratio of 50:1 gold to silver. True
widths are estimated to be 85 to 90% of the drilled intersection
length. |
"The trenching
program was undertaken principally to extend the areas of known
near-surface mineralisation at Pingüino. In addition to providing
better continuation to the high grade zone at Tranquilo, the
trenches have extended and confirmed the presence of good medium to
high grade gold mineralisation at surface in the more easterly
veins at Savary and the CSS-CSV group, which is a very encouraging
outcome," commented Michael Brown, President and CEO of Argentex.
"As we now have complete results from the trenching, the revised
geological interpretation can be completed in preparation for an
upgraded mineral resource."
The trenching plays
an important role in characterising remnant mineralisation in the
oxidized zone at Pingüino. The low silver grade in the trenches is
generally not correlated to grade at depth. This is typical for
leached material. However, higher grade mineralisation in the
trenches is strongly correlated to the presence of supergene
enriched, high grade silver zones.
About Pingüino
Argentex's
10,000-hectare advanced silver and gold exploration Pingüino
project is located in Argentina's Patagonia region, within the
Deseado Massif of Santa Cruz province. The Deseado Massif is an
active region of mining with four precious metal mines currently in
production, and includes multiple active advanced and early stage
exploration projects.
The Pingüino system
has grown to 70+ individual veins, with a combined strike length
approaching ~113 line-kilometers. The Pingüino project is unique
within the Deseado Massif region of Santa Cruz province in that it
contains two different and spatially distinct types of
mineralisation; a precious metal intermediate sulphidation
epithermal system and a polymetallic sulphide-rich system.
Pingüino is easily
accessible, situated approximately 400 meters above sea level in
low-relief topography. An existing system of all-weather roads
provides year-round access to the property.
Technical content of
this press release has been reviewed and approved by Mr. J. David
Williams, P.Eng., an independent "Qualified Person" as defined by
NI 43-101.
Quality
Assurance
Samples selected for
analysis are sent to Acme Analytical Laboratories' sample
preparation lab in Mendoza, Argentina. From there, sample pulps are
sent to its laboratory in Vancouver, Canada for multi-element
ICP-MS analysis (1DX procedure). Samples overlimit in silver, lead,
zinc, and/or copper are reanalysed by a high detection limit ICP-ES
analysis (7AR procedure). Samples overlimit in silver from that
procedure and gold results >300 ppb are rerun by fire assay (G6
procedure). Acme Analytical Laboratories is an ISO 9000:2001
accredited full-service commercial laboratory, with its head office
located in Vancouver.
About Argentex
Argentex Mining
Corporation is an exploration company focused on developing its
advanced Pingüino silver-gold project located in Santa Cruz,
Patagonia, Argentina. In total, Argentex owns 100% of 100,000+
hectares of highly prospective land located in the Santa Cruz and
Rio Negro provinces. Shares of Argentex common stock trade under
the symbol ATX on the TSX Venture Exchange and under the symbol
AGXMF on the OTCQB.
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.
On behalf of
Argentex Mining Corporation:
Michael
Brown, President and CEO
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 the following statements:
"the revised geological interpretation can be completed in
preparation for an upgraded mineral resource" and "the trenching
program was undertaken principally to extend the areas of
known near-surface mineralisation at Pingüino". 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, management's
assumptions about the availability of the necessary consultants and
capital and the risks inherent in Argentex's operations, including
the risks that the Company may not find any minerals in
commercially feasible quantity or raise enough money to fund its
exploration plans. These and other risks are described in the
Company's Annual Information Form and other public disclosure
documents filed on the SEDAR website maintained by the Canadian
Securities Administrators and the EDGAR website maintained by the
Securities and Exchange Commission.
Argentex Mining CorporationMichael BrownCEO &
President604-568
2496604-568-1540info@argentexmining.comwww.argentexmining.com
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