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Argentex silver footprint grows at Pinguino; Trenches 1.72 meters of 487 g/t silver in new vein
Argentex silver footprint grows at Pinguino; Trenches 1.72 meters of 487 g/t silver in new vein
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\n May 5, 2010 (Canada NewsWire Group) -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on ongoing exploration activities at its Pinguino property in the silver-gold district of Santa Cruz, Patagonia, Argentina.\nThe northwestern corner of the 10,000-hectare Pinguino property continues to yield new precious metal vein discoveries and excellent results from trenching. The latest results received are from the Luna vein. Results include high-grade silver of 487 grams per tonne over a width of 1.72 meters contained within a larger zone of 6.3 meters averaging 169.9 g/t silver.\n"Our silver-gold mineralization footprint continues to expand in this prospective area of the Pinguino project," said Ken Hicks, President of Argentex. "Soil sampling, prospecting, trenching and follow-up drill testing have been very effective in defining new precious metal veins, adding to the inventory of known mineralized veins at Pinguino."\n\nResults\n\nThe following table displays select analytical results for trenching during the company's 2009-2010 work program. All of the trenches are located at the northwest corner of Pinguino in the general vicinity of the Marta Norte zone. A location map showing the drilling and trenching zones is available on our web site: http://www.argentexmining.com/fileupload/pdf/Pinguino_Drilling_Zones.pdf.\n\n\n >\n\n\nAbout Pinguino\n\nPinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With 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 trend, a major northwest structural corridor in central Santa Cruz.\nMineralization at Pinguino is unique in the region, containing silver-indium-zinc-lead-gold in multiple zones that remain open-ended along strike and to depth. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.\nPinguino is easily accessible, situated approximately 400 meters above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.\nThe majority of mineralized zones at Pinguino lie along the strike ...