VANCOUVER, Aug. 25 /CNW/ - Argentex Mining Corporation (TSX-V: ATX,
OTCBB: AGXM) is pleased to announce that it plans to exhibit core samples from
its polymetallic Pinguino property at Argentina Mining 2008. The conference is
one of the country's premier mining events and takes place in Mendoza,
Argentina from August 26-28, 2008.
Argentex recently completed the fieldwork portion of the company's
largest-ever exploration program, which included more than 20,000 meters
(65,616 feet) of new HQ diamond drilling completed during the 2007-2008
season. Pinguino is one of the most prominent advanced exploration projects in
Patagonia and contains a unique discovery of base metal, precious metal and
indium within a single property.
A high-value strategic metal, indium is a significant component of
thin-film flat panel displays and CIGS (copper-indium-gallium-deselenide)
solar cells, an increasingly popular application within the potentially huge
green-energy market. CIGS solar cells are substantially cheaper than those
made using silicon, and can be produced in light-weight, physically flexible
formats - making them suitable for a wide range of applications.
Argentina Mining 2008 is a biennial event that showcases the latest
advancements of major and junior mining and exploration companies working in
Argentina. Additional information about the conference is available at
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 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 more than eight mineralized veins, including the
Yvonne Sur, Yvonne Norte, Sonia, Kasia, Savary and Luna veins, within an area
of approximately 8.0 square kilometers (3.0 square miles).
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.
Argentex Mining Corporation is a junior mining exploration company with
significant holdings in the Patagonia region of Argentina. It recently
fulfilled the terms of its option agreement on the property and now owns 100%
of the mineral rights to the Pinguino property. Argentex also owns 100%
mineral rights to more than 30 other mineral 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 on the TSX
Venture Exchange under the symbol ATX and under the symbol AGXM on the OTCBB.
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 its plans to exhibit core
samples from its polymetallic Pinguino property at Argentina Mining 2008.
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. 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, email@example.com