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Argentex targets expansion of high-grade silver-gold and silver-zinc-indium zones at Pinguino
Argentex targets expansion of high-grade silver-gold and silver-zinc-indium zones at Pinguino
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nDec. 8, 2009 (Canada NewsWire Group) -- VANCOUVER, Dec. 8 /CNW/ -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) reports that it has initiated its 2009-2010 drill program on the silver-zinc-indium Pinguino property in Santa Cruz, Patagonia, Argentina.The initial phase of the program is focused on expanding high-grade silver-gold and silver-zinc-indium targets at Pinguino, starting with diamond drilling at Marta Norte, a high-grade silver zone that has previously returned promising results and that remains open along strike and at depth.\"The level of interest in Santa Cruz province has grown substantially and exploration activity in the region has accelerated,\" said Ken Hicks, President of Argentex. \"We are excited to be drill testing open-ended zones of silver-gold and silver-zinc-indium mineralization at Pinguino. Our initial resource estimate in September incorporated data from just nine of the 47 veins identified on the property to date. The goal of our current drill program is to upgrade the existing resource estimate through widely spaced drilling on these existing targets.\"Comprehensive Drilling to Increase Pinguino MineralizationAfter work at Marta Norte is complete, Argentex intends to use a combination of diamond drilling and reverse-circulation drilling to expand near-surface oxidized silver-gold mineralization and deeper sulphide mineralization at Pinguino. Widely spaced drilling is proposed along strike of zones with previous closely spaced drilling. Drilling at Pinguino in 2009-2010 is designed to test both shallow and deep areas of the mineralized system.Major Perforaciones S.A., a division of Major Drilling Group International, has been contracted for the upcoming drill program.Ongoing 2009-2010 Exploration on Santa Cruz PropertiesDetailed mapping conducted by Argentex geologists in the last two months provides a solid geological framework of prospective ground within the Condor, Cerro Conteras, Nuevo Oro and La Leona claim blocks. Using this information, Argentex proposes to design detailed ground magnetic surveys with a higher resolution and tighter control compared with airborne surveys. Survey design is underway and magnetic anomalies derived from these surveys will be used for further drill target definition.About PinguinoArgentex's Pinguino property is located in Argentina's Patagonia reg...