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Argentex discovers new silver-gold zone at Pinguino, Tranquilo Trend returns 6.40 meters of 486.6 g/t silver and 1.91 g/t gold
Argentex discovers new silver-gold zone at Pinguino, Tranquilo Trend returns 6.40 meters of 486.6...
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\n Jun. 15, 2010 (Canada NewsWire Group) -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on ongoing diamond drilling and exploration activities at its wholly owned 10,000-hectare Pinguino property in the silver-gold district of Santa Cruz, Patagonia, Argentina.\nAs part of the ongoing drill program at Pinguino, Argentex drill tested structures that lay along the Tranquilo Trend, a major northwest regional feature crosscutting the Pinguino property. Within it, Argentex has discovered a completely new mineralized structure (Luna vein) containing wide intervals of high-grade silver mineralization with associated gold values. The new mineralized structure returned results including 6.40 meters of 486.6 grams per tonne (g/t) silver and 1.91 grams per tonne (g/t) gold.\nThe Luna vein is known to extend for 920 meters along strike and is currently the subject of follow-up drilling with the goal of defining and expanding the high-grade mineralization. Drilling also tested structures along the Marta Trend, which contains the high-grade silver Marta Norte vein.\n"We are excited to have discovered mineralization in the very first holes drilled into the Tranquilo Trend, which crosscuts 11 kilometers of the Pinguino property. Not only is the structure mineralized along a considerable length, it also contains wide intervals of high-grade silver-gold mineralization such as we have intersected in the Luna vein," said Ken Hicks, President of Argentex. "The Luna discovery is a great incentive to increase our exploration efforts in interpreting the local geology and targeting high-grade silver-gold mineralization along the Tranquilo Trend. We expect that this new discovery within a major property-scale structure could provide a significant boost to Pinguino's overall precious metal potential."\nWith more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo regional fault, a major northwest structural corridor in central Santa Cruz. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.\n\nResults\n\nThe following table displays selected analytical results ...