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Argentex advances drill program at Pinguino, Santa Cruz
Argentex advances drill program at Pinguino, Santa Cruz
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nJan. 20, 2010 (Canada NewsWire Group) -- VANCOUVER, Jan. 20 /CNW/ -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on the diamond drill program currently underway on its silver-zinc-indium Pinguino property in Santa Cruz province, Argentina, where progress remains on schedule.Drilling for the 2009-2010 field season commenced in December at Pinguino's Marta Norte zone, a high-grade silver area that has previously returned promising results and that remains open along strike and at depth.A total of 14 shallow drill holes totaling 607 meters (1,991 feet) have been completed to date in the near-surface oxidation zone. Core samples have been sawn and shipped to Acme Labs for analysis with analytical results expected next month.Soil sampling as well as excavator trenching of new targets at Marta Norte is also underway. So far more than 600 soil samples have been collected. Soil geochemistry has proven to be an excellent indicator of blind or covered veins that are hidden by a thin layer of overburden common in the area. Excavator trenching is exposing more of the mineralized system and allows insitu rock sampling in preparation for drilling.\"Marta Norte is one of the most promising areas to increase our existing mineral resources with additional high-grade silver mineralization,\" said Ken Hicks, President of Argentex. \"Using detailed prospecting, geochemistry and trenching, we are finding indications of new parallel and conjugate vein targets in the Marta Norte area.\"This program is expected to continue into the second quarter of 2010, after which time Argentex is planning to complete a revised mineral resource estimate. Concurrently, preliminary metallurgical testing and a scoping study (PEA) are in progress with an independent engineering firm. Argentex anticipates that the PEA and metallurgical testing should be completed in the second quarter of 2010.Visit Argentex at Mineral Exploration Roundup 2010Argentex will be exhibiting at today's Mineral Exploration Roundup in Vancouver. Management will be on hand to provide information about Pinguino and answer questions during its display in the map tent from 9:30 am to 5:00 pm PT.Now in its 27th year, the Mineral Exploration Roundup is one of the world's largest technical mineral exploration conferences. It takes place at Vancouver's W...