Oct 17 2011
Argentex Mining Corporation has announced additional drill results from its 2011 exploration program at the Pinguino project, located in Santa Cruz province, Argentina.
The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received analytical results from 16,013 meters of drilling from 175 holes, with approximately 15% of holes remaining to be processed in the lab.
Drill results below are from the most recent drill testing of the Ivonne Norte and the southern part of the Savary veins from the Pinguino property. (Maps of drill hole collars are available on the Company's web site at www.argentexmining.com).
"The 800 meter long NNW trending Ivonne Norte vein has been drilled from surface to a depth of 200 meters and has intersected consistent and widespread gold mineralization. The chemistry and genesis appear to be similar to the gold-enriched Ivonne vein immediately to the southeast," commented Ken Hicks, President of Argentex. "The Savary vein, measuring close to four kilometers in length and located approximately one kilometer to the east, has a similar strike and also falls within the "gold-enriched" vein designation at Pinguino. Both veins remain open along strike and at depth."
Argentex's 10,000-hectare advanced silver and gold exploration Pinguino project is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The Deseado Massif is an active region of mining with four precious metal mines currently in production, and includes multiple active advanced and early stage exploration projects.
Pinguino is easily accessible, situated approximately 400 meters above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property. Argentex believes that recent high-grade precious metal discoveries within newly tested structures of the district scale vein system at Pinguino show potential for the development of a significant silver-gold resource.
To date the Company has completed over 56,000 meters of drilling in over 500 holes on 19 veins. More than 50 individual vein segments have been identified to date, comprising more than 75 line-kilometers of strike length.
Source: www.argentexmining.com