TORONTO, Sept. 18 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB:
AGXM) is pleased to announce the appointment of Mr. Patrick Downey, P.Eng., an
accomplished mining industry executive, to the company's Board of Directors.
Mr. Downey has been a highly regarded advisor to Argentex since December 2007,
when he was appointed to the company's formal advisory board.
With over 25 years of international experience in the resource industry,
Mr. Downey is currently President and Chief Executive Officer of Aura Minerals
(TSX: ORA). Aura Minerals is a TSX-listed company that is exploring,
developing and operating properties in the Americas, including the producing
copper-gold-silver Aranzazu mine in Mexico. The company's focus at its
Aranzazu project is on staged expansion to deliver production growth, while
conducting a significant exploration program to increase the confidence level
of the current resource classification and to expand the large resource base.
In addition, Aura Minerals is advancing its feasibility-stage Serrote da Laje
copper-gold-iron ore project in Brazil. Previously, Mr. Downey was President
and CEO of Viceroy Exploration Ltd., where he successfully developed the
Gualcamayo project in Argentina prior to the company's acquisition by Yamana
Gold (TSX: YRI) for $600 million. Mr. Downey's background also includes work
as President of Oliver Gold Corporation, where he negotiated the successful
merger to form Canico Resources, subsequently purchased by Brazilian mining
giant CVRD for $800 million. In addition, he has held senior engineering
positions at several large-scale gold mining operations, and has also held
operating and engineering positions at a number of mining projects for Anglo
American Corporation in South Africa.
"Mr. Downey is a respected mining industry professional with a proven
track record of mine discovery and development," said Ken Hicks, President of
Argentex. "His pioneering work in developing Argentina's Gualcamayo project
has long been a source of inspiration to us, and we have greatly benefitted
from his advice and support as a member of Argentex's advisory board. We look
forward to working with him closely in his new role as we move towards
Argentex Mining Corporation is a junior mining exploration company with
significant holdings in the Patagonia region of Argentina. It owns 100% of the
mineral rights to the Pinguino property and 100% mineral rights to more than
30 other mineral properties with over 377,490 acres (152,766 hectares) in the
Santa Cruz and Rio Negro provinces of Argentina. In addition, Argentex
continues to look for new opportunities in Patagonia. Shares of Argentex
common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture
Exchange under the symbol ATX.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Ken Hicks, President, Argentex Mining
Corporation, 1-866-594-7687, firstname.lastname@example.org