Argentex Mining Corporation Reports Additional Drill Results from the 2007-2008 Diamond Drilling Program at Flagship Pinguino Property
09:01 a.m. 12/17/2008 Provided By CapIQ
Argentex Mining Corporation (AGXM) announced additional drill results from the 2007-2008 diamond drilling program at its flagship Pinguino property in Santa Cruz, Argentina. Of significance is that these recent drill holes tested extensions to major mineralized northwest-trending veins at Marta Este and Yvonne Sur as well as a cross-cutting northeast-trending mineralized vein at Kasia. All of these veins are located in the center of the Pinguino property and are in close proximity to the regional northwest-trending Tranquilo fault. Results include a 6.51-meter (21.35-foot) intersection at Marta Este that returned 147.7 grams per tonne (g/t) silver, 8.5% combined lead-zinc and 30.6 g/t indium. To date, Argentex has mapped more than 60 kilometers (37 miles) of existing veins at Pinguino. A total of 269 holes have been drilled totaling 30,000+meters (98,000 feet) in five phases of drilling. The robust mineralized system at Pinguino remains open in all directions. Argentex anticipates completing its first-ever 43-101-compliant resource calculation for Pinguino, including compilation and interpretation of analytical drill results, in the first quarter of 2009.
