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Argentex discovers new epithermal veins along Pinguino's "Tranquilo Trend"
VANCOUVER, Sept. 30 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to a...
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 30 /CNW/ - Argentex Mining Corporation (TSX-V: ATX,\nOTCBB: AGXM) is pleased to announce the discovery of nine new epithermal veins\nat its Plata Leon property, which is located adjacent to the company's\nflagship Pinguino property in Santa Cruz, Argentina. The new veins were\nidentified during reconnaissance exploration conducted during the 2007-2008\nseason. Like Pinguino, Plata Leon lies along the "Tranquilo Trend," named for\nthe prominent northwest-trending structure that Argentex believes to be an\nimportant factor in the formation of epithermal mineralization at Pinguino.\nArgentex is the largest holder of mineral rights along the Tranquilo Trend.\n\n\n"We developed the geological framework of our model for Pinguino during\nthe early stages of exploration on the property. Since then, we have refined\nthat model through more than 30,000 meters of diamond drilling, by expanding\nknown mineralization and drill testing many new zones. We are now taking the\nnext step -- using our accumulated knowledge and experience and successfully\napplying it on our other properties in the Deseasdo Massif," said Ken Hicks,\nPresident of Argentex. "This new discovery at Plata Leon is a testament to the\nstrength and dedication of the entire Argentex exploration team, underscoring\nour confidence in our exploration model and expanding the overall potential of\nthe Tranquilo Trend."\n\n\nThe topographic surface at Plata Leon is largely covered by a thin layer\nof overburden, which masks detailed structures and makes interpretation of\ngeological mapping difficult. Consequently, Landsat TM7+ multispectral imagery\nwas used to develop targets based on the Pinguino intrusive-related\nmineralization model. High-resolution IKONOS satellite coverage was also\nacquired to help define targets and for mapping purposes. Two separate\nclusters of vein material were discovered through detailed exploration work in\nthe Plata Leon claim block. Prospecting in Area One revealed nine new in-situ\nepithermal veins exposed through the thin overburden. Area Two exploration\nwork resulted in the discovery of large boulders of quartz-rich epithermal\nvein material with excellent boiling-point replacement textures (angel wings),\nwhich have yet to be traced to their source. While these boulders have not\nbeen t...