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
    
</pre>
<p/>
<p><span class="xn-location">MONTREAL</span>, <span class="xn-chron">March 18</span> /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:</p>
<p/>
<pre>
    
    -------------------------------------------------------------------------
                            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
    -------------------------------------------------------------------------
    
</pre>
<p/>
<p>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.</p>
<p>A table of all individual final assays, and calculated Fe2O3, calculated TiO2 and calculated V2O3 is included at the end of this release.</p>
<p>On <span class="xn-chron">March 1, 2010</span> 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.</p>
<p>On <span class="xn-chron">March 15, 2010</span> 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.</p>
<p>The following information on the use of Vanadium is from the Mineral Information Institute's website (<a href="http://www.mii.org/Minerals/photovan.html">http://www.mii.org/Minerals/photovan.html</a>)</p>
<p/>
<p>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.</p>
<p>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.</p>
<p>Scientists have discovered that a mixture of the elements vanadium and gallium are useful in making superconductive magnets.</p>
<p/>
<p>Below are excerpts from the <span class="xn-chron">December 4, 2008</span> NI 43-101 Technical Report covering the Mouchalagane and La Blache Properties. This report is available for review at <a href="http://www.sedar.com">www.sedar.com</a> under the company profile for Argex Silver Capital Inc., and filed on <span class="xn-chron">April 15, 2009</span>, as well as at <a href="http://www.argex.ca">www.argex.ca</a>.</p>
<p>"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.</p>
<p>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 <span class="xn-person">Major Drilling</span> 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.</p>
<p/>
<p>About Argex</p>
<p/>
<p>Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in <span class="xn-location">Quebec</span>, <span class="xn-location">Canada</span>. Headquartered in <span class="xn-location">Montreal</span>, <span class="xn-location">Quebec</span>, 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, <span class="xn-location">Quebec</span>. For additional information please visit our website at <a href="http://www.argex.ca">www.argex.ca</a>.</p>
<p/>
<pre>
    
    Forward-Looking Statements
    --------------------------
    
</pre>
<p/>
<p>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</p>
<p/>
<p>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.</p>
<p/>
<pre>
    
    -------------------------------------------------------------------------
                            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
    -------------------------------------------------------------------------
    HW-10-
    001     165.00  166.00  1.00    46.7   66.8    10.9   18.1   0.3   0.5
    -------------------------------------------------------------------------
    HW-10-
    001     166.00  167.00  1.00    46.4   66.3    11.2   18.6   0.3   0.6
    -------------------------------------------------------------------------
    HW-10-
    001     167.00  168.00  1.00    43.1   61.6    10.2   17.0   0.3   0.5
    -------------------------------------------------------------------------
    HW-10-
    001     168.00  168.75  0.75    45.4   64.9    11.5   19.2   0.3   0.4
    -------------------------------------------------------------------------

    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: 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

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