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Argentex trenches 2.0 meters of 20.72 g/t gold at Pinguino; drilling scheduled to start on Condor
Argentex trenches 2.0 meters of 20.72 g/t gold at Pinguino; drilling scheduled to start on Condor
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Mar. 31, 2010 (Canada NewsWire Group) -- /CNW/ -- 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.Trenching reveals high-grade gold vein at PinguinoOne of the new veins recently discovered at Pinguino is the Isla vein, which has been mapped with approximate dimensions of 1 to 3 meters (3.2 to 9.8 feet) wide by 1,700 meters (5,577 feet) of strike length. The mineralized section is composed of quartz vein, quartz vein breccias and quartz limonite breccias represented by scattered outcrops, within a large area of thin overburden.Geophysics and trenching were carried out on the Isla vein in advance of diamond-drill testing. Preliminary analytical results from trenching across the Isla vein have returned a high-grade gold intercept of 2.0 meters of 20.72 g/t (0.67 oz/t) gold and 75.4 g/t (2.42 oz/t) silver. Industry standard fire assay re-analysis of these high-grade samples will be carried out with an additional procedure of screening for metallic gold.These new trench results complement the first 2010 drilling results on Pinguino's Marta Norte vein, which included 3.06 meters (10 feet) of 836.6 g/t (26.90 oz/t) silver for the first drilled target.A total of 57 drill holes covering 3,186 meters (10,453 feet) have now been completed at the Pinguino property. This includes 20 drill holes at Marta Norte, 19 holes on the Tranquilo fault, 10 holes on the Luna vein, four holes at Isla and four other holes on various targets. Samples have been collected from these holes and submitted for analysis. Results will be published as they are received.\"We are excited by the trenching results from the Isla vein because they reveal high-grade gold within the northwestern portion of our Pinguino property. This new discovery augments the high-grade silver Marta Norte vein, which is also located in this developing precious-metal quadrant at Pinguino,\" said Ken Hicks, President of Argentex.Drilling at Condor scheduled to start in one weekArgentex has concluded the drill-target-definition phase at its gold Condor project. Drilling is scheduled to start on Condor's El Aguila vein within one week and approximately 2,000 meters (6,560 feet) have been budgeted for this initial dr...