Argex reports 161.25m of 0.48% V2O5 at West Hervieux
- Final calculated results 61.86% Fe203, 18.29%TiO2 and average over
161.25m from preliminary results; TiO2 results remain unchanged at
18.29% over 165.25m
- Final assays results of 42.62% Iron (Fe) and 11.04% Titanium (Ti) and
0.27% Vanadium (V) over 161.25m
MONTREAL, March 18 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) Argex or the Company reports final assay results from the first hole that intersected titaniferous magnetite at the La Blache property, West Hervieux occurrence. Massive titaniferous magnetite was intersected over a core length of 161.25m in hole HW-10-001. This is the widest massive titaniferous magnetite intersection to date, and has an average grade of 42.62% Fe and 18.29% TiO2 and 0.48% V2O5. See the intersection table below:
-------------------------------------------------------------------------
Length
along Fe2O3% TiO2% V2O5%
HOLE core (Cal- (Cal- (Cal-
No. From To (m) Fe% c'd) Ti% c'd) V % c'd)
-------------------------------------------------------------------------
HW-10-
001 7.5 168.75 161.25 42.62 61.86 11.04 18.29 0.27 0.48
-------------------------------------------------------------------------
The results confirm that there is an occurrence of high grade massive vanadium rich titaniferous magnetite. Assays are very consistent in grade except where recent dykes cut through the massive vanadium rich titaniferous magnetite.
A table of all individual final assays, and calculated Fe2O3, calculated TiO2 and calculated V2O3 is included at the end of this release.
On March 1, 2010 Argex reported that drilling on the La Blache Properties has now seen 10 holes totalling 1452 metres completed at the West Hervieux occurrence. A total of 6000m is currently planned for the West Hervieux occurrence. Once drilling is complete on the West Hervieux Occurrence, a 7000m drill program is planned to commence on the East Hervieux occurrence, located approximately 2 km east and 1.25 km north of the West Hervieux Occurrence.
On March 15, 2010 Argex reported preliminary assay results for Iron, Titanium and calculated results for TiO2 and Fe2O3. These preliminary results confirmed the high grades of Iron and TiO2 in hole HW-10-001.
The following information on the use of Vanadium is from the Mineral Information Institute's website (http://www.mii.org/Minerals/photovan.html)
Vanadium itself may be soft in its pure form, but when it is alloyed (that is, mixed) with other metals like iron, it hardens and strengthens them dramatically. Consequently, vanadium is used extensively to make alloys (mostly steel alloys) for tools and construction purposes. Most of the vanadium consumed is used for these applications. Specifically, vanadium is alloyed with iron to make carbon steel, high-strength low-alloy steel, full alloy steel, and tool steel. These hard, strong ferrovanadium alloys are used to make armor plating for military vehicles and other protective vehicles. It is also used to make car engine parts that must be very strong, such as piston rods and crank shafts. The steel "skeleton" or frames of high-rise buildings and oil drilling platforms must be very strong to support the weight of the building and its contents; vanadium steel has the strength to support such massive weight.
Some vanadium is used in other industrial applications. For example, vanadium pentoxide (V2O5) is used production of glass and ceramics and as a chemical catalyst. (A catalyst is a substance that assists in and often speeds up chemical reactions but is not consumed in the chemical reaction.) Compounds of vanadium are used to dye fabrics.
Scientists have discovered that a mixture of the elements vanadium and gallium are useful in making superconductive magnets.
Below are excerpts from the December 4, 2008 NI 43-101 Technical Report covering the Mouchalagane and La Blache Properties. This report is available for review at www.sedar.com under the company profile for Argex Silver Capital Inc., and filed on April 15, 2009, as well as at www.argex.ca.
"In 1954, three claim blocks held by the Bersimis Mining were visited by the Ressources naturelles et de la Faune du Québec (MNRFQ) (GM03107). The MRNFQ published a report and map jointly with Bersimis Mining that located and described the East Hervieux and West Hervieux occurrences (RP374) revealing the presence of medium to coarse grained magnetite in anorthosite. According to estimates made by Bersimis Mining at the time "these deposits contained 135,000,000 tons of ore up to a depth of 300 feet. It is reported that the average content of the ore is of 49 percent iron and 21 percent of TiO2." This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves, and therefore should not be relied upon, but should only be considered as an indication of the iron-titanium mineral potential and not necessarily indicative of the mineralization on the La Blache Property.
The drill program was planned and is being supervised by Jean-Sébastien Lavallée, P.Geo, Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person, as well as reviewing and approving this release. The drilling is being completed Major Drilling Group International Inc, with crews being based out of the Val d'or, Québec office Samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the LaBlache property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separation and pulverized to 85% passing 75 (micro)m. All samples are analyzed using ICP-81 (Iron-Titanium) and using ME-XRF-10 for Vanadium.
About Argex
Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the Company is committed to the interests of its shareholders, with plans to rapidly advance towards titanium production at the 100% owned La Blache deposit located near Baie-Comeau, Quebec. For additional information please visit our website at www.argex.ca.
Forward-Looking Statements
--------------------------
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-------------------------------------------------------------------------
Length
along Fe2O3% TiO2% V2O5%
HOLE core (Cal- (Cal- (Cal-
No. From To (m) Fe% c'd) Ti% c'd) V % c'd)
-------------------------------------------------------------------------
HW-10-
001 7.50 8.00 0.50 45.3 64.8 12.2 20.3 0.3 0.3
-------------------------------------------------------------------------
HW-10-
001 8.00 9.00 1.00 46.1 65.9 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 9.00 10.00 1.00 45.6 65.2 12.1 20.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 10.00 11.00 1.00 44.7 63.9 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 11.00 12.00 1.00 42.8 61.2 11.6 19.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 12.00 13.00 1.00 45.7 65.3 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 13.00 14.00 1.00 45.1 64.5 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 14.00 15.00 1.00 45.5 65.1 11.8 19.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 15.00 16.00 1.00 45.4 64.9 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 16.00 17.00 1.00 45.9 65.6 12.0 19.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 17.00 18.00 1.00 39.9 57.0 8.7 14.5 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 18.00 19.00 1.00 40.9 58.5 9.4 15.6 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 19.00 20.00 1.00 36.8 52.6 7.4 12.3 0.2 0.3
-------------------------------------------------------------------------
HW-10-
001 20.00 21.00 1.00 42.2 60.3 10.6 17.6 0.3 0.4
-------------------------------------------------------------------------
HW-10-
001 21.00 22.00 1.00 45.6 65.2 12.4 20.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 22.00 23.00 1.00 45.1 64.5 12.4 20.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 23.00 24.00 1.00 42.5 60.8 11.7 19.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 24.00 25.00 1.00 45.3 64.8 12.5 20.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 25.00 26.00 1.00 46.1 65.9 12.3 20.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 26.00 27.00 1.00 45.6 65.2 12.2 20.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 27.00 28.00 1.00 45.2 64.6 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 28.00 28.40 0.40 44.2 63.2 11.9 19.8 0.3 0.2
-------------------------------------------------------------------------
HW-10-
001 28.40 29.40 1.00 24.9 35.6 6.1 10.2 0.1 0.2
-------------------------------------------------------------------------
HW-10-
001 29.40 30.00 0.60 45.7 65.3 12.0 20.0 0.3 0.3
-------------------------------------------------------------------------
HW-10-
001 30.00 31.00 1.00 43.8 62.6 11.7 19.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 31.00 32.00 1.00 38.6 55.2 10.2 17.0 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 32.00 33.00 1.00 44.4 63.5 11.7 19.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 33.00 34.00 1.00 44.8 64.1 11.8 19.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 34.00 35.00 1.00 44.6 63.8 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 35.00 36.00 1.00 43.1 61.6 11.8 19.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 36.00 37.00 1.00 42.9 61.3 11.8 19.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 37.00 38.00 1.00 43.7 62.5 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 38.00 39.00 1.00 42.8 61.2 11.7 19.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 39.00 40.00 1.00 45.3 64.8 11.8 19.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 40.00 41.00 1.00 44.9 64.2 11.5 19.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 41.00 42.00 1.00 45.2 64.6 11.5 19.2 0.3 0.3
-------------------------------------------------------------------------
HW-10-
001 42.00 43.00 1.00 44.7 63.9 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 43.00 44.00 1.00 44.7 63.9 12.3 20.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 44.00 45.00 1.00 38.5 55.0 10.2 16.9 0.3 0.4
-------------------------------------------------------------------------
HW-10-
001 45.00 46.00 1.00 40.6 58.0 10.9 18.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 46.00 47.00 1.00 44.3 63.3 12.2 20.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 47.00 48.00 1.00 44.4 63.5 12.1 20.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 48.00 49.00 1.00 44.1 63.0 12.2 20.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 49.00 50.00 1.00 43.5 62.2 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 50.00 51.00 1.00 44.8 64.1 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 51.00 52.00 1.00 44.7 63.9 12.1 20.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 52.00 53.00 1.00 44.4 63.5 11.7 19.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 53.00 54.00 1.00 44.8 64.1 11.5 19.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 54.00 55.00 1.00 44.7 63.9 11.6 19.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 55.00 56.00 1.00 44.1 63.0 12.1 20.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 56.00 57.00 1.00 44.9 64.2 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 57.00 58.00 1.00 44.3 63.3 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 58.00 59.00 1.00 44.4 63.5 12.4 20.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 59.00 60.00 1.00 46.0 65.8 11.7 19.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 60.00 60.60 0.60 45.5 65.1 11.5 19.1 0.3 0.3
-------------------------------------------------------------------------
HW-10-
001 60.60 61.60 1.00 13.6 19.4 2.7 4.5 0.0 0.1
-------------------------------------------------------------------------
HW-10-
001 61.60 62.60 1.00 13.8 19.7 3.0 5.1 0.1 0.1
-------------------------------------------------------------------------
HW-10-
001 62.60 63.00 0.40 45.1 64.5 11.5 19.1 0.3 0.2
-------------------------------------------------------------------------
HW-10-
001 63.00 64.00 1.00 43.5 62.2 11.6 19.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 64.00 65.00 1.00 45.1 64.5 12.0 19.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 65.00 66.00 1.00 44.4 63.5 12.2 20.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 66.00 67.00 1.00 44.6 63.8 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 67.00 68.00 1.00 44.2 63.2 12.0 20.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 68.00 69.00 1.00 36.8 52.6 16.0 26.7 0.2 0.3
-------------------------------------------------------------------------
HW-10-
001 69.00 70.00 1.00 29.2 41.7 10.4 17.3 0.1 0.2
-------------------------------------------------------------------------
HW-10-
001 70.00 71.00 1.00 41.7 59.6 13.9 23.2 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 71.00 72.00 1.00 41.1 58.8 14.4 23.9 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 72.00 73.00 1.00 40.7 58.2 16.5 27.5 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 73.00 74.00 1.00 41.5 59.3 14.5 24.2 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 74.00 75.00 1.00 22.9 32.7 5.4 9.0 0.0 0.1
-------------------------------------------------------------------------
HW-10-
001 75.00 76.00 1.00 24.6 35.2 6.3 10.5 0.0 0.1
-------------------------------------------------------------------------
HW-10-
001 76.00 76.80 0.80 25.5 36.5 7.6 12.7 0.1 0.1
-------------------------------------------------------------------------
HW-10-
001 76.80 78.00 1.20 45.3 64.8 11.7 19.4 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 78.00 79.00 1.00 46.2 66.1 11.6 19.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 79.00 80.00 1.00 45.7 65.3 11.5 19.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 80.00 81.00 1.00 46.7 66.8 11.4 19.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 81.00 82.00 1.00 45.3 64.8 12.0 19.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 82.00 83.00 1.00 45.8 65.5 11.7 19.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 83.00 84.00 1.00 46.2 66.1 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 84.00 85.00 1.00 46.0 65.8 11.5 19.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 85.00 86.30 1.30 45.4 64.9 11.3 18.8 0.3 0.7
-------------------------------------------------------------------------
HW-10-
001 86.30 87.70 1.40 2.5 3.5 0.1 0.2 0.0 0.0
-------------------------------------------------------------------------
HW-10-
001 87.70 89.00 1.30 45.2 64.6 11.3 18.8 0.3 0.7
-------------------------------------------------------------------------
HW-10-
001 89.00 90.00 1.00 45.6 65.2 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 90.00 91.00 1.00 44.9 64.2 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 91.00 92.00 1.00 44.8 64.1 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 92.00 93.00 1.00 45.4 64.9 11.2 18.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 93.00 94.00 1.00 45.3 64.8 11.2 18.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 94.00 95.00 1.00 44.9 64.2 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 95.00 96.00 1.00 45.2 64.6 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 96.00 97.00 1.00 41.5 59.3 10.4 17.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 97.00 98.00 1.00 43.7 62.5 11.2 18.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 98.00 99.00 1.00 45.2 64.6 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 99.00 100.00 1.00 44.7 63.9 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 100.00 101.00 1.00 44.7 63.9 11.0 18.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 101.00 102.00 1.00 45.5 65.1 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 102.00 103.00 1.00 45.2 64.6 11.6 19.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 103.00 104.00 1.00 44.3 63.3 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 104.00 105.00 1.00 44.5 63.6 11.2 18.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 105.00 106.00 1.00 44.1 63.0 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 106.00 107.00 1.00 45.0 64.3 11.4 19.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 107.00 108.00 1.00 44.7 63.9 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 108.00 109.00 1.00 44.4 63.5 11.4 18.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 109.00 110.00 1.00 44.7 63.9 11.5 19.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 110.00 111.00 1.00 43.9 62.8 10.8 18.0 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 111.00 112.00 1.00 44.5 63.6 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 112.00 113.00 1.00 44.6 63.8 11.0 18.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 113.00 114.00 1.00 44.1 63.0 11.2 18.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 114.00 115.00 1.00 44.5 63.6 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 115.00 116.00 1.00 43.7 62.5 11.2 18.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 116.00 117.00 1.00 44.1 63.0 11.0 18.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 117.00 118.00 1.00 43.6 62.3 11.4 18.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 118.00 119.00 1.00 43.3 61.9 11.0 18.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 119.00 120.00 1.00 43.4 62.0 10.8 17.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 120.00 121.00 1.00 43.1 61.6 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 121.00 122.00 1.00 43.8 62.6 10.9 18.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 122.00 123.00 1.00 47.1 67.3 11.9 19.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 123.00 124.00 1.00 46.8 66.9 12.0 19.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 124.00 125.00 1.00 43.8 62.6 10.9 18.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 125.00 126.00 1.00 42.7 61.0 10.7 17.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 126.00 127.00 1.00 43.7 62.5 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 127.00 128.00 1.00 43.4 62.0 11.0 18.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 128.00 129.00 1.00 43.5 62.2 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 129.00 130.00 1.00 43.4 62.0 11.2 18.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 130.00 130.95 0.95 43.1 61.6 10.9 18.1 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 130.95 131.60 0.65 1.8 2.5 0.2 0.3 0.0 0.0
-------------------------------------------------------------------------
HW-10-
001 131.60 132.20 0.60 43.2 61.8 11.0 18.3 0.3 0.3
-------------------------------------------------------------------------
HW-10-
001 132.20 133.00 0.80 43.1 61.6 10.7 17.8 0.3 0.4
-------------------------------------------------------------------------
HW-10-
001 133.00 134.00 1.00 43.7 62.5 11.4 18.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 134.00 135.00 1.00 43.2 61.8 10.9 18.2 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 135.00 136.00 1.00 46.5 66.5 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 136.00 137.00 1.00 45.8 65.5 11.2 18.6 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 137.00 138.00 1.00 45.9 65.6 11.4 18.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 138.00 139.00 1.00 46.8 66.9 11.4 18.9 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 139.00 140.00 1.00 46.6 66.6 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 140.00 141.00 1.00 44.7 63.9 11.1 18.4 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 141.00 142.00 1.00 43.9 62.8 10.7 17.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 142.00 143.00 1.00 47.1 67.3 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 143.00 144.00 1.00 46.5 66.5 11.1 18.5 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 144.00 145.00 1.00 37.2 53.2 8.7 14.4 0.2 0.4
-------------------------------------------------------------------------
HW-10-
001 145.00 146.00 1.00 46.6 66.6 11.1 18.4 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 146.00 147.05 1.05 45.5 65.1 11.0 18.3 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 147.05 148.00 0.95 3.9 5.6 0.8 1.3 0.0 0.1
-------------------------------------------------------------------------
HW-10-
001 148.00 148.60 0.60 8.3 11.9 2.1 3.5 0.1 0.1
-------------------------------------------------------------------------
HW-10-
001 148.60 150.00 1.40 42.2 60.3 10.2 17.0 0.3 0.7
-------------------------------------------------------------------------
HW-10-
001 150.00 151.00 1.00 46.6 66.6 11.3 18.8 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 151.00 152.00 1.00 46.7 66.8 11.2 18.6 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 152.00 153.00 1.00 46.5 66.5 11.1 18.5 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 153.00 154.00 1.00 43.8 62.6 10.4 17.3 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 154.00 155.00 1.00 46.9 67.1 11.4 18.9 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 155.00 156.00 1.00 47.2 67.5 11.3 18.8 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 156.00 157.00 1.00 46.4 66.3 11.6 19.3 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 157.00 158.00 1.00 47.2 67.5 11.3 18.8 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 158.00 159.00 1.00 46.5 66.5 11.3 18.8 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 159.00 160.00 1.00 47.2 67.5 11.0 18.3 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 160.00 161.00 1.00 46.7 66.8 11.1 18.5 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 161.00 162.00 1.00 46.9 67.1 11.2 18.7 0.3 0.5
-------------------------------------------------------------------------
HW-10-
001 162.00 163.00 1.00 47.2 67.5 11.3 18.8 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 163.00 164.00 1.00 46.2 66.1 11.2 18.6 0.3 0.6
-------------------------------------------------------------------------
HW-10-
001 164.00 165.00 1.00 46.8 66.9 11.0 18.3 0.3 0.6
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HW-10-
001 165.00 166.00 1.00 46.7 66.8 10.9 18.1 0.3 0.5
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HW-10-
001 166.00 167.00 1.00 46.4 66.3 11.2 18.6 0.3 0.6
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HW-10-
001 167.00 168.00 1.00 43.1 61.6 10.2 17.0 0.3 0.5
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HW-10-
001 168.00 168.75 0.75 45.4 64.9 11.5 19.2 0.3 0.4
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Calculated % for Fe2O3 and TiO2 use the following formula's
Fe2O3% = Fe% X 1.4297
TiO2% = Ti% X 1.6681
V2O5% = V% X 1.7852
For further information: Michael Dehn, President and CEO, Argex Silver Capital Inc, (647) 477-2382, michael@avantimac.com; Paradox Public relations, (514) 341-0408, 1-866-460-0408