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Argentex makes final option payment on Pinguino to secure 100% ownership
VANCOUVER, June 26 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to an...
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, June 26 /CNW/ - Argentex Mining Corporation (TSX-V: ATX,\nOTCBB: AGXM) is pleased to announce that it has made the final option payment\non its silver-zinc-lead-indium-gold Pinguino property to earn 100% interest,\nsubject to a 2% net smelter return.\n\n\n"Completing the final option payment to earn our 100% interest in\nPinguino was a significant milestone for the company," said Ken Hicks,\nPresident of Argentex. "Pinguino is well situated in the mining friendly\nprovince of Santa Cruz, within the productive Deseado Massif region, at an\nelevation of only 400 meters above sea level (1,312 feet) and with excellent\naccess and infrastructure. Argentex plans to capitalize on these advantages\nand use our exploration expertise to continue to advance the property towards\nproduction."\n\n\nThe significant silver-zinc-lead-indium-gold discovery at Pinguino in\n2006 marked a major exploration milestone for Argentex. This was the first\ndiscovery of its kind in the region, unique with both silver-gold and\nindium-enriched base-metal mineralization in multiple zones that remain\nopen-ended along strike and to depth.\n\n\nSince 2006, exploration of Pinguino's base-metal-rich targets has\nexpanded beyond discoveries at the Marta Centro and Yvonne zones and now\ntotals eight mineralized veins, including the Yvonne Sur, Yvonne Norte, Sonia,\nKasia, Savary and Luna veins. The veins are contained in an area measuring\napproximately 8.0 square kilometers (3.0 square miles).\n\n\nABOUT ARGENTEX:\n\n\nArgentex Mining Corporation is a junior mining exploration company with\nsignificant holdings in the Patagonia region of Argentina. It holds 100%\nmineral rights to the polymetallic Pinguino property and more than 30\nadditional properties, covering a total of 377,490+ acres (152,766+ hectares)\nof prospective land in Santa Cruz and Rio Negro, Argentina. Shares of Argentex\ncommon stock trade under the symbol AGXM on the OTCBB and, beginning July 28,\n2008, will trade on the TSX Venture Exchange under the symbol ATX.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this news release.\n\n\nStatements in this news release that are not historical facts are\nforward-looking statements that are subject to risks and uncertainties. Words\nsuch as &...