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/R E P E A T -- Argentex commences 2009-2010 silver-gold exploration program on Santa Cruz properties, metallurgical testing and scoping study at Pinguino/
/R E P E A T -- Argentex commences 2009-2010 silver-gold exploration program on Santa Cruz proper...
About this update from Atex Resources Inc.
[{"type":"text","content":"\n\n\n\nOct. 13, 2009 (Canada NewsWire Group) -- VANCOUVER, Oct. 12 /CNW/ -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that its 2009-2010 exploration and engineering program has commenced in Santa Cruz province, Argentina. This multi-property program is scheduled to include drill testing, trenching and a combination of geochemistry, airborne and ground geophysics. Drilling at Pinguino is expected to total 15,000 meters (49,212 feet), with the initial phase designed to test and expand near-surface oxidized silver and gold mineralization. In addition, metallurgical samples are being collected from oxide phases of three different vein types and the preliminary economic assessment (scoping study) of Pinguino has commenced.\"The excellent results of our first mineral resource estimate have spurred us to step up the intensity of exploration, not only at Pinguino but also on our other Santa Cruz properties, such as Condor, Cerro Contreras and CVS, which, like Pinguino, is also located along the Tranquilo trend,\" said Ken Hicks, President of Argentex. \"As we advance Pinguino towards our ultimate goal of production, we also intend to carry out more extensive target-definition exploration work on our other significant properties in Santa Cruz. We expect our pipeline of developing properties to continue to generate and reveal new mineral potential in this very prospective mineral province.\"Pinguino DrillingTo date, the majority of drilling at Pinguino has focused on primary silver-zinc-indium sulphide mineralization, which begins at a depth of approximately 40 meters (131.2 feet) below surface. A zone of oxidized silver-gold mineralization occurs between the surface and the primary sulphide mineralization. This shallow precious-metal mineralization remains largely untested by drilling.The initial phase of this new Pinguino drill program is designed to expand and define the near-surface silver and gold mineralization. Extensive drilling is proposed for high-grade silver and gold zones, including Marta Norte, which returned 8.8 meters (28.8 feet) of 1,095 grams per tonne (g/t) silver in hole P032; Marta Noroeste, which intersected 6.7 meters (21.9 feet) of 11 g/t gold in hole P196; and Yvonne, which revealed 30.6 g/t gold over 1.0 meters (3.2 feet) in hole P048.Condor DrillingPhase 1 drilling on the Cond...