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Argentex samples 59 g/t gold at Condor; drill tests multiple targets at Pinguino, Santa Cruz, Argentina
Argentex samples 59 g/t gold at Condor; drill tests multiple targets at Pinguino, Santa Cruz, Arg...
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Mar. 24, 2010 (Canada NewsWire Group) -- /CNW/ -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on its ongoing exploration activities in the silver-gold district of Santa Cruz, Argentina.Pinguino DrillingThe focus of 2009-2010 drilling at the company's flagship Pinguino property has expanded beyond the core zone of indium-rich silver-zinc-lead mineralization to test the adjacent silver-gold veins. Initial drilling results included a number of high-grade silver intersections, including 3.06 meters (10 feet) of 836.6 g/t silver for the first drilled target. Drilling is ongoing.A total of 50 drill holes covering 2,736 meters (8,976 feet) have been completed to date at the Pinguino property. This includes 14 drill holes covering 989 meters (3,244 feet) at Marta Norte, 16 holes covering 1,052 meters (3,451 feet) on the Tranquilo fault, 9 holes on the Luna veins for 505 meters (1,656 feet) and 5 other holes on various targets. Samples have been collected from these holes and submitted for analysis. Results will be published as they are received.Simultaneous with the drilling of new veins at Pinguino, Argentex continues to conduct detailed prospecting and geological mapping, resulting in the discovery of additional new epithermal veins. These new discoveries occur parallel to the Marta Norte vein, the most silver-rich area discovered at Pinguino to date. This continues to reinforce management's belief that the Pinguino vein system is the largest undeveloped vein system in Santa Cruz province. All of the drilled veins at Pinguino remain open along strike and at depth.\"Silver and gold mineralization is the primary focus of our current exploration program in this very prospective district in Santa Cruz. With an extensive land portfolio, we have no shortage of good targets to test,\" said Ken Hicks, President of Argentex. \"Our early acquisition of high-quality properties in Santa Cruz is a solid foundation from which to grow the company organically without expensive joint venture or purchase agreements.\"Grab samples return up to 59 g/t gold at CondorConcurrent with ongoing work at Pinguino, Argentex has been carrying out target-definition exploration on the drill-ready gold Condor property. Detailed ground magnetometry and 3D IP surveys have been completed in addition to mapping...