VANCOUVER, Feb. 26 /CNW/ - Argentex Mining Corporation (TSX-V: ATX,
OTCBB: AGXM) is pleased to announce that it plans to exhibit core samples from
its silver-indium-zinc-lead Pinguino property during the upcoming PDAC 2009
convention in Toronto. Management and in-house geological staff will be on
hand in booth No.2816 to provide updates on the company's exploration projects
in Argentina's Patagonia region.
Information about Pinguino is available on the company's web site at
www.argentexmining.com and by clicking on the "Property Abstract: Pinguino
Project" link located on the main page of the web site.
PDAC is a world-renowned mining event bringing together a wide range of
players involved in mineral exploration from all parts of the globe. This
year's conference takes place March 1-4, 2009 at the south building of the
Metro Toronto Convention Centre.
Argentex's Pinguino property is located in Argentina's Patagonia region,
within the Deseado Massif of Santa Cruz province. The 2006 discovery of
silver-indium-zinc-lead-gold mineralization at Pinguino 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. Argentex has drilled a total of
269 holes at Pinguino for a total of 30,000+ meters (98,000 feet).
Following receipt of all remaining analytical results and interpretation,
Argentex anticipates completing its first-ever National Instrument
43-101-compliant resource calculation for Pinguino by mid 2009.
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.
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. In
total, the company owns 100% mineral rights to more than 40 properties with
approximately 405,987 acres (163,477 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.
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 it
will exhibit at PDAC March 1-4, 2009.
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. 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, firstname.lastname@example.org