Argentex intersects 12.7 meters of 141 g/t silver, 9.39% combined lead-zinc and 60 g/t indium at Pinguino



    VANCOUVER, Feb. 4 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB:
AGXM) is pleased to announce drill results for eight additional holes from the
2008 diamond drilling program at its flagship polymetallic Pinguino property
in Santa Cruz, Argentina. Results include a 12.7-meter (41.7-foot)
intersection at Marta Centro that returned 141.0 grams per tonne (g/t) silver,
9.39% combined lead-zinc and 60.2 g/t indium.
    "We continue to receive impressive grades and intersection lengths from
veins within the 3.0-kilometer (1.86-mile) by 2.0-kilometer (1.24-mile) core
of the Pinguino property, which includes the Marta Centro, Marta Este, Kasia
and Yvonne Sur zones. The intersections show continuity of the mineralized
structures along strike and to the current tested depth of approximately 200
meters (656 feet) below surface. Results for our test holes drilled to deeper
depths in areas including Marta Centro and Marta Este are still pending," said
Ken Hicks, President of Argentex. "Results received to date continue to
reinforce our belief that Pinguino's mineralizing system ranks among the
largest in Patagonia. With approximately 60 kilometers (37 miles) of veins
identified to date and only a small portion of these veins drill tested,
excellent potential remains for additional discoveries."
    Argentex has drilled 269 holes at Pinguino, testing 11 epithermal veins
in the process, for a total of 30,000+ meters (98,000 feet). The robust
mineralized system remains open in all directions. Following receipt of all
remaining analytical results and interpretation, Argentex anticipates
completing its first-ever National Instrument 43-101-compliant resource
calculation for Pinguino during the current year.

    Results

    The following table displays selected analytical results for eight new
holes, including two drilled in Marta Centro, two at Marta Este, two at Kasia
and two at Yvonne Sur.

    
    -------------------------------------------------------------------------
    Drill      From      To     Length   Indium   Gold  Silver   Lead   Zinc
    Hole        (m)      (m)     (m)(*)   (g/t)   (g/t)  (g/t)    (%)    (%)
    -------------------------------------------------------------------------
    Area: Marta Centro
    -------------------------------------------------------------------------
    P164-08   198.00   210.70    12.70    60.2    0.44   141.0   3.34   6.05
    -------------------------------------------------------------------------
    P165-08   176.10   198.85    22.75    15.0    0.15    39.2   0.47   2.07
    -------------------------------------------------------------------------
    Including
    -------------------------------------------------------------------------
    P165-08   182.10   198.85    16.75    17.7    0.18    50.9   0.58   2.45
    -------------------------------------------------------------------------
    Area: Marta Este
    -------------------------------------------------------------------------
    P221-08   164.20   172.10     7.90    20.4    0.33    74.2   1.46   3.08
    -------------------------------------------------------------------------
    P225-08   127.24   130.71     3.47    13.4    0.25    58.4   1.20   2.57
    -------------------------------------------------------------------------
    Area: Kasia
    -------------------------------------------------------------------------
    P244-08    47.50    57.30     9.80     4.4    0.85     8.7   0.36   1.55
    -------------------------------------------------------------------------
    And
    -------------------------------------------------------------------------
    P244-08    61.00    65.90     4.90    13.1    0.06    16.9   0.45   1.84
    -------------------------------------------------------------------------
    P245-08    36.26    48.00    11.74    17.0    0.08     9.3   0.48   1.39
    -------------------------------------------------------------------------
    Area: Yvonne Sur
    -------------------------------------------------------------------------
    P251-08    47.40    58.40    11.00     5.1    0.08    11.4   0.51   1.32
    -------------------------------------------------------------------------
    P252-08    43.70    63.90    20.20     4.5    0.08    18.2   0.87   2.19
    -------------------------------------------------------------------------
    And
    -------------------------------------------------------------------------
    P252-08    81.70    93.95    12.25     1.8    0.04     8.5   0.42   1.27
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*) True widths are estimated to be 85-90% of the stated core length
    

    During the 2007-2008 exploration program, Argentex completed
approximately 20,782.9 meters (68,185 feet) of HQ diamond drilling at Pinguino
using two independent drill contractors. A total of 15 base-metal and
precious-metal veins were tested in 151 new HQ diamond drill holes.
Approximately 7,000 core samples have been collected and submitted to Acme
Analytical Laboratories for analysis. Overlimit analyses of zinc, lead and
silver are pending. Additional results will be reported upon receipt and
compilation.

    About Pinguino

    Argentex's Pinguino property is located in Argentina's Patagonia region,
within the Deseado Massif of Santa Cruz province. The
zinc-indium-lead-silver-gold-copper discovery at Pinguino in 2006 marked a
major exploration milestone for the company. This was the first discovery of
its kind in the region, unique in that it contains both silver-gold and
indium-enriched base-metal mineralization. This mineralization is contained in
multiple zones that remain open-ended along strike and to depth. Since 2006,
exploration of base-metal-rich targets has expanded beyond discoveries at
Marta Centro and Yvonne and now encompasses 15 drill-tested veins from more
than 35 veins mapped on the property to date.
    Indium, a significant component of Argentex's polymetallic discovery at
Pinguino, is a high-value metal used in flat-panel (LCD, plasma) displays, and
in leading-edge thin-film solar cell technology.
    Pinguino is easily accessible, situated approximately 400 meters (1,312
feet) above sea level in low-relief topography. An existing system of
all-weather roads provides year-round access to the property.

    Quality Assurance

    Samples selected for analysis are sent to Acme Analytical Laboratories'
sample preparation lab in Mendoza, Argentina. From there sample pulps are sent
to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for
Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead,
silver and/or copper are reanalyzed using an ore-grade high detection limit
7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an
accredited ISO 9000:2001 full-service commercial laboratory with its head
office in Vancouver. Referee analyses will be carried out by Alex Stewart
(assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex
Stewart all maintain comprehensive and independent Quality Control/Quality
Assurance programs. Drilling in 2008 was conducted by Boart Longyear Connors
Argentina S.A. and Major Perforaciones SA.

    ABOUT ARGENTEX:

    Argentex Mining Corporation is a junior mining exploration company with
significant holdings in the Patagonia region of Argentina. It holds an
undivided 100% interest in the mineral rights to the Pinguino property. The
company also owns 100% mineral rights to more than 30 properties with over
377,490 acres (152,766 hectares) of prospective land located in the Santa Cruz
and Rio Negro provinces of Argentina. Shares of Argentex common stock trade
under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the
symbol ATX.
    Exploration on the Pinguino property is being conducted under the
supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a
"qualified person" as defined by Canada's National Instrument 43-101. Mr.
Hicks has read and approved the contents of this release.

    
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.
    

    Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should",
"anticipates", "likely", "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on current
facts and analysis and on forecasts of future results, estimates of amounts
not yet determined and assumptions of management. Forward-looking statements
in this news release include statements about the company's belief that the
extent of the mineralizing system at Pinguino ranks among the largest in
Patagonia, that there is excellent potential for additional discoveries, that
it can complete a National Instrument 43-101 compliant resource calculation
during the current year. Actual results may differ materially from those
currently anticipated due to a number of factors beyond the Company's control.
These risks and uncertainties include, among other things, competition for
qualified personnel and risks that are inherent in Argentex's operations
including the risk that the Company may not find any minerals in commercially
feasible quantity or raise funds sufficient to prosecute its exploration
plans. These and other risks are described in the Company's Annual Report on
Form 10-K and other filings with the Securities and Exchange Commission.





For further information:

For further information: Ken Hicks, President, Argentex Mining
Corporation, 1-866-594-7687, info@argentexmining.com

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ARGENTEX MINING CORPORATION

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