February 8, 2011 -Argex Further Increases Mouchalagane Property By Staking
Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has further increased the size of the Mouchalagane property by staking from an original 101 km2 to 332 km2. This staking was completed following interpretation of the recently reported airborne geophysical survey that identified a 40km long magnetic anomaly that corresponds with iron formations that have previously been mapped and from drilling on the property (press release dated January 24, 2011).
Argex continues to review the results of the recently completed airborne geophysical survey and will announce its future plans for the property shortly.
The iron-rich rocks of the Mouchalagane Property are part of the iron bearing rocks of the southern part of the Labrador Trough. A map that shows the extent of iron formations in the Labrador Trough as they continue in a southwesterly direction towards the Manicouagan Structure in proximity to the Mouchalagane property is available at www.argex.ca. The iron formations are of the Lake Superior type.
Maps of the airborne geophysics are now available at www.argex.ca.
The staking was completed by Consul-Teck Exploration Inc., of Val d’or, Québec.
Jean-Sébastien Lavallée, P.Geo (OGQ #773), Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person since 2007, has reviewed and approved this release.
About Argex Mining Inc.
Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Québec, Canada. Headquartered in Montreal, Québec with plans to rapidly advance towards titanium production at the 100%-owned La Blache deposit located near Baie-Comeau, Québec. Argex also owns 100% of the Mouchalagane Iron Ore project, 380 kilometres north of Baie-Comeau, Québec and of the same type of deposit as ore bodies currently being mined by Québec Cartier Mining’s (Arcelor Mittal) Fire Lake Mine and Consolidated Thompson’s Bloom Lake Mine. Recently, Argex expanded its land holdings near Baie-Comeau, Québec surrounding Consolidated Thompson’s Lac Brûlé Titanium-Iron-Vanadium deposit. For additional information, please visit our website at www.argex.ca.
For More Information:
Michael Dehn, President and CEO
Argex Mining Inc.
647-477-2382
michael@argex.ca
Or
Paradox Public Relations at 514-341-0408 or 1-866-460-0408
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