Argex reports 161.25m of 18.29% TiO2 and 60.93% Fe2O3 as preliminary results
from West Hervieux


    
    - High Grade Section with an average of 62.98 % Fe2O3 and 23.12% TiO2
      calculated from an average of 44.05 % Fe and 13.86 % Ti
    - 161.25m calculated average of 60.93% Fe2O3 and 18.29% TiO2
    - 161.25m averaging 42.62% Fe and 10.97% Ti
    
</pre>
<p/>
<p><span class="xn-location">MONTREAL</span>, <span class="xn-chron">March 15</span> /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) "Argex" or the "Company" reports preliminary 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. See the intersection table below:</p>
<p/>
<pre>
    
    -------------------------------------------------------------------------
                                 Length
                                  along            Fe2O3%             TiO2%
    HOLE No.     From       To  core (m)     Fe%  (Calc'd)     Ti%  (Calc'd)
    -------------------------------------------------------------------------
    HW-10-001    7.50   168.75   161.25    42.62    60.93    10.97    18.29
    -------------------------------------------------------------------------
    including   63.00    74.00    11.00    44.05    62.98    13.86    23.12
    -------------------------------------------------------------------------
    
</pre>
<p/>
<p>The results confirm that there is an occurrence of high grade massive titaniferous magnetite.</p>
<p>A table of all individual preliminary assays, and calculated Fe2O3 and calculated TiO2 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>Once vanadium assays results are available they will be reported. As well, when finalized assay certificates have been received, a confirmation release on the results for hole HW-10-001 will be reported.</p>
<p>Photos of the drill core for hole HW-10-001 as well as geological sections will be posted on the Company's website shortly (<a href="http://www.argex.ca">www.argex.ca</a>).</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, Vice-Président Exploration, 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%
    HOLE No.     From       To  core (m)     Fe%  (Calc'd)     Ti%  (Calc'd)
    -------------------------------------------------------------------------
    HW-10-001    7.50     8.00     0.50     45.3     64.8     12.2     10.1
    -------------------------------------------------------------------------
    HW-10-001    8.00     9.00     1.00     46.1     65.9     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001    9.00    10.00     1.00     45.6     65.2     12.1     20.1
    -------------------------------------------------------------------------
    HW-10-001   10.00    11.00     1.00     44.7     63.9     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001   11.00    12.00     1.00     42.8     61.2     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001   12.00    13.00     1.00     45.7     65.3     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001   13.00    14.00     1.00     45.1     64.5     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   14.00    15.00     1.00     45.5     65.1     11.8     19.7
    -------------------------------------------------------------------------
    HW-10-001   15.00    16.00     1.00     45.4     64.9     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   16.00    17.00     1.00     45.9     65.6     12.0     19.9
    -------------------------------------------------------------------------
    HW-10-001   17.00    18.00     1.00     39.9     57.0      8.7     14.5
    -------------------------------------------------------------------------
    HW-10-001   18.00    19.00     1.00     40.9     58.5      9.4     15.6
    -------------------------------------------------------------------------
    HW-10-001   19.00    20.00     1.00     36.8     52.6      7.4     12.3
    -------------------------------------------------------------------------
    HW-10-001   20.00    21.00     1.00     42.2     60.3     10.6     17.6
    -------------------------------------------------------------------------
    HW-10-001   21.00    22.00     1.00     45.6     65.2     12.4     20.7
    -------------------------------------------------------------------------
    HW-10-001   22.00    23.00     1.00     45.1     64.5     12.4     20.6
    -------------------------------------------------------------------------
    HW-10-001   23.00    24.00     1.00     42.5     60.8     11.7     19.4
    -------------------------------------------------------------------------
    HW-10-001   24.00    25.00     1.00     45.3     64.8     12.5     20.8
    -------------------------------------------------------------------------
    HW-10-001   25.00    26.00     1.00     46.1     65.9     12.3     20.5
    -------------------------------------------------------------------------
    HW-10-001   26.00    27.00     1.00     45.6     65.2     12.2     20.4
    -------------------------------------------------------------------------
    HW-10-001   27.00    28.00     1.00     45.2     64.6     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   28.00    28.40     0.40     44.2     63.2     11.9      7.9
    -------------------------------------------------------------------------
    HW-10-001   28.40    29.40     1.00     24.9     35.6      6.1     10.2
    -------------------------------------------------------------------------
    HW-10-001   29.40    30.00     0.60     45.7     65.3     12.0     12.0
    -------------------------------------------------------------------------
    HW-10-001   30.00    31.00     1.00     43.8     62.6     11.7     19.4
    -------------------------------------------------------------------------
    HW-10-001   31.00    32.00     1.00     38.6     55.2     10.2     17.0
    -------------------------------------------------------------------------
    HW-10-001   32.00    33.00     1.00     44.4     63.5     11.7     19.5
    -------------------------------------------------------------------------
    HW-10-001   33.00    34.00     1.00     44.8     64.1     11.8     19.6
    -------------------------------------------------------------------------
    HW-10-001   34.00    35.00     1.00     44.6     63.8     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   35.00    36.00     1.00     43.1     61.6     11.8     19.7
    -------------------------------------------------------------------------
    HW-10-001   36.00    37.00     1.00     42.9     61.3     11.8     19.7
    -------------------------------------------------------------------------
    HW-10-001   37.00    38.00     1.00     43.7     62.5     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   38.00    39.00     1.00     42.8     61.2     11.7     19.4
    -------------------------------------------------------------------------
    HW-10-001   39.00    40.00     1.00     45.3     64.8     11.8     19.6
    -------------------------------------------------------------------------
    HW-10-001   40.00    41.00     1.00     44.9     64.2     11.5     19.2
    -------------------------------------------------------------------------
    HW-10-001   41.00    42.00     1.00     45.2     64.6     11.5     19.2
    -------------------------------------------------------------------------
    HW-10-001   42.00    43.00     1.00     44.7     63.9     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   43.00    44.00     1.00     44.7     63.9     12.3     20.5
    -------------------------------------------------------------------------
    HW-10-001   44.00    45.00     1.00     38.5     55.0     10.2     16.9
    -------------------------------------------------------------------------
    HW-10-001   45.00    46.00     1.00     40.6     58.0     10.9     18.2
    -------------------------------------------------------------------------
    HW-10-001   46.00    47.00     1.00     44.3     63.3     12.2     20.4
    -------------------------------------------------------------------------
    HW-10-001   47.00    48.00     1.00     44.4     63.5     12.1     20.1
    -------------------------------------------------------------------------
    HW-10-001   48.00    49.00     1.00     44.1     63.0     12.2     20.3
    -------------------------------------------------------------------------
    HW-10-001   49.00    50.00     1.00     43.5     62.2     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   50.00    51.00     1.00     44.8     64.1     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001   51.00    52.00     1.00     44.7     63.9     12.1     20.2
    -------------------------------------------------------------------------
    HW-10-001   52.00    53.00     1.00     44.4     63.5     11.7     19.4
    -------------------------------------------------------------------------
    HW-10-001   53.00    54.00     1.00     44.8     64.1     11.5     19.2
    -------------------------------------------------------------------------
    HW-10-001   54.00    55.00     1.00     44.7     63.9     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001   55.00    56.00     1.00     44.1     63.0     12.1     20.2
    -------------------------------------------------------------------------
    HW-10-001   56.00    57.00     1.00     44.9     64.2     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001   57.00    58.00     1.00     44.3     63.3     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   58.00    59.00     1.00     44.4     63.5     12.4     20.7
    -------------------------------------------------------------------------
    HW-10-001   59.00    60.00     1.00     46.0     65.8     11.7     19.5
    -------------------------------------------------------------------------
    HW-10-001   60.00    60.60     0.60     45.5     65.1     11.5     11.5
    -------------------------------------------------------------------------
    HW-10-001   60.60    61.60     1.00     13.6     19.4      2.7      4.5
    -------------------------------------------------------------------------
    HW-10-001   61.60    62.60     1.00     13.8     19.7      3.0      5.1
    -------------------------------------------------------------------------
    HW-10-001   62.60    63.00     0.40     45.1     64.5     11.5      7.6
    -------------------------------------------------------------------------
    HW-10-001   63.00    64.00     1.00     43.5     62.2     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001   64.00    65.00     1.00     45.1     64.5     12.0     19.9
    -------------------------------------------------------------------------
    HW-10-001   65.00    66.00     1.00     44.4     63.5     12.2     20.4
    -------------------------------------------------------------------------
    HW-10-001   66.00    67.00     1.00     44.6     63.8     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001   67.00    68.00     1.00     44.2     63.2     12.0     20.0
    -------------------------------------------------------------------------
    HW-10-001   68.00    69.00     1.00     36.8     52.6     16.0     26.7
    -------------------------------------------------------------------------
    HW-10-001   69.00    70.00     1.00     29.2     41.7     10.4     17.3
    -------------------------------------------------------------------------
    HW-10-001   70.00    71.00     1.00     41.7     59.6     13.9     23.2
    -------------------------------------------------------------------------
    HW-10-001   71.00    72.00     1.00     41.1     58.8     14.4     23.9
    -------------------------------------------------------------------------
    HW-10-001   72.00    73.00     1.00     40.7     58.2     16.2     26.9
    -------------------------------------------------------------------------
    HW-10-001   73.00    74.00     1.00     41.5     59.3     14.5     24.2
    -------------------------------------------------------------------------
    HW-10-001   74.00    75.00     1.00     22.9     32.7      5.4      9.0
    -------------------------------------------------------------------------
    HW-10-001   75.00    76.00     1.00     24.6     35.2      6.3     10.5
    -------------------------------------------------------------------------
    HW-10-001   76.00    76.80     0.80     25.5     36.5      7.6     10.2
    -------------------------------------------------------------------------
    HW-10-001   76.80    78.00     1.20     45.3     64.8     11.7     23.3
    -------------------------------------------------------------------------
    HW-10-001   78.00    79.00     1.00     46.2     66.1     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001   79.00    80.00     1.00     45.7     65.3     11.5     19.1
    -------------------------------------------------------------------------
    HW-10-001   80.00    81.00     1.00     46.7     66.8     11.4     19.0
    -------------------------------------------------------------------------
    HW-10-001   81.00    82.00     1.00     45.3     64.8     12.0     19.9
    -------------------------------------------------------------------------
    HW-10-001   82.00    83.00     1.00     45.8     65.5     11.7     19.4
    -------------------------------------------------------------------------
    HW-10-001   83.00    84.00     1.00     46.2     66.1     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   84.00    85.00     1.00     46.0     65.8     11.5     19.1
    -------------------------------------------------------------------------
    HW-10-001   85.00    86.30     1.30     45.4     64.9     11.3     24.4
    -------------------------------------------------------------------------
    HW-10-001   86.30    87.70     1.40      2.5      3.5      0.1      0.3
    -------------------------------------------------------------------------
    HW-10-001   87.70    89.00     1.30     45.2     64.6     11.3     24.5
    -------------------------------------------------------------------------
    HW-10-001   89.00    90.00     1.00     45.6     65.2     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001   90.00    91.00     1.00     44.9     64.2     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   91.00    92.00     1.00     44.8     64.1     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   92.00    93.00     1.00     45.4     64.9     11.2     18.7
    -------------------------------------------------------------------------
    HW-10-001   93.00    94.00     1.00     45.3     64.8     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001   94.00    95.00     1.00     44.9     64.2     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001   95.00    96.00     1.00     45.2     64.6     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   96.00    97.00     1.00     41.5     59.3     10.4     17.3
    -------------------------------------------------------------------------
    HW-10-001   97.00    98.00     1.00     43.7     62.5     11.2     18.7
    -------------------------------------------------------------------------
    HW-10-001   98.00    99.00     1.00     45.2     64.6     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001   99.00   100.00     1.00     44.7     63.9     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  100.00   101.00     1.00     44.7     63.9     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  101.00   102.00     1.00     45.5     65.1     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  102.00   103.00     1.00     45.2     64.6     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001  103.00   104.00     1.00     44.3     63.3     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  104.00   105.00     1.00     44.5     63.6     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  105.00   106.00     1.00     44.1     63.0     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  106.00   107.00     1.00     45.0     64.3     11.4     19.0
    -------------------------------------------------------------------------
    HW-10-001  107.00   108.00     1.00     44.7     63.9     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  108.00   109.00     1.00     44.4     63.5     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  109.00   110.00     1.00     44.7     63.9     11.5     19.1
    -------------------------------------------------------------------------
    HW-10-001  110.00   111.00     1.00     43.9     62.8     10.8     18.0
    -------------------------------------------------------------------------
    HW-10-001  111.00   112.00     1.00     44.5     63.6     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  112.00   113.00     1.00     44.6     63.8     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  113.00   114.00     1.00     44.1     63.0     11.2     18.7
    -------------------------------------------------------------------------
    HW-10-001  114.00   115.00     1.00     44.5     63.6     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  115.00   116.00     1.00     43.7     62.5     11.2     18.7
    -------------------------------------------------------------------------
    HW-10-001  116.00   117.00     1.00     44.1     63.0     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  117.00   118.00     1.00     43.6     62.3     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  118.00   119.00     1.00     43.3     61.9     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  119.00   120.00     1.00     43.4     62.0     10.8     17.9
    -------------------------------------------------------------------------
    HW-10-001  120.00   121.00     1.00     43.1     61.6     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  121.00   122.00     1.00     43.8     62.6     10.9     18.2
    -------------------------------------------------------------------------
    HW-10-001  122.00   123.00     1.00     47.1     67.3     11.9     19.8
    -------------------------------------------------------------------------
    HW-10-001  123.00   124.00     1.00     46.8     66.9     12.0     19.9
    -------------------------------------------------------------------------
    HW-10-001  124.00   125.00     1.00     43.8     62.6     10.9     18.2
    -------------------------------------------------------------------------
    HW-10-001  125.00   126.00     1.00     42.7     61.0     10.7     17.8
    -------------------------------------------------------------------------
    HW-10-001  126.00   127.00     1.00     43.7     62.5     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  127.00   128.00     1.00     43.4     62.0     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  128.00   129.00     1.00     43.5     62.2     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  129.00   130.00     1.00     43.4     62.0     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  130.00   130.95     0.95     43.1     61.6     10.9     17.2
    -------------------------------------------------------------------------
    HW-10-001  130.95   131.60     0.65      1.8      2.5      0.2      0.2
    -------------------------------------------------------------------------
    HW-10-001  131.60   132.20     0.60     43.2     61.8     11.0     11.0
    -------------------------------------------------------------------------
    HW-10-001  132.20   133.00     0.80     43.1     61.6     10.7     14.2
    -------------------------------------------------------------------------
    HW-10-001  133.00   134.00     1.00     43.7     62.5     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  134.00   135.00     1.00     43.2     61.8     10.9     18.2
    -------------------------------------------------------------------------
    HW-10-001  135.00   136.00     1.00     46.5     66.5     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  136.00   137.00     1.00     45.8     65.5     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  137.00   138.00     1.00     45.9     65.6     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  138.00   139.00     1.00     46.8     66.9     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  139.00   140.00     1.00     46.6     66.6     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  140.00   141.00     1.00     44.7     63.9     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  141.00   142.00     1.00     43.9     62.8     10.7     17.8
    -------------------------------------------------------------------------
    HW-10-001  142.00   143.00     1.00     47.1     67.3     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  143.00   144.00     1.00     46.5     66.5     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  144.00   145.00     1.00     37.2     53.2      8.7     14.4
    -------------------------------------------------------------------------
    HW-10-001  145.00   146.00     1.00     46.6     66.6     11.1     18.4
    -------------------------------------------------------------------------
    HW-10-001  146.00   147.05     1.05     45.5     65.1     11.0     19.3
    -------------------------------------------------------------------------
    HW-10-001  147.05   148.00     0.95      3.9      5.6      0.8      1.3
    -------------------------------------------------------------------------
    HW-10-001  148.00   148.60     0.60      8.3     11.9      2.1      2.1
    -------------------------------------------------------------------------
    HW-10-001  148.60   150.00     1.40     42.2     60.3     10.2     23.8
    -------------------------------------------------------------------------
    HW-10-001  150.00   151.00     1.00     46.6     66.6     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  151.00   152.00     1.00     46.7     66.8     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  152.00   153.00     1.00     46.5     66.5     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  153.00   154.00     1.00     43.8     62.6     10.4     17.3
    -------------------------------------------------------------------------
    HW-10-001  154.00   155.00     1.00     46.9     67.1     11.4     18.9
    -------------------------------------------------------------------------
    HW-10-001  155.00   156.00     1.00     47.2     67.5     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  156.00   157.00     1.00     46.4     66.3     11.6     19.3
    -------------------------------------------------------------------------
    HW-10-001  157.00   158.00     1.00     47.2     67.5     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  158.00   159.00     1.00     46.5     66.5     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  159.00   160.00     1.00     47.2     67.5     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  160.00   161.00     1.00     46.7     66.8     11.1     18.5
    -------------------------------------------------------------------------
    HW-10-001  161.00   162.00     1.00     46.9     67.1     11.2     18.7
    -------------------------------------------------------------------------
    HW-10-001  162.00   163.00     1.00     47.2     67.5     11.3     18.8
    -------------------------------------------------------------------------
    HW-10-001  163.00   164.00     1.00     46.2     66.1     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  164.00   165.00     1.00     46.8     66.9     11.0     18.3
    -------------------------------------------------------------------------
    HW-10-001  165.00   166.00     1.00     46.7     66.8     10.9     18.1
    -------------------------------------------------------------------------
    HW-10-001  166.00   167.00     1.00     46.4     66.3     11.2     18.6
    -------------------------------------------------------------------------
    HW-10-001  167.00   168.00     1.00     43.1     61.6     10.2     17.0
    -------------------------------------------------------------------------
    HW-10-001  168.00   168.75     0.75     45.4     64.9     11.6     19.3
    -------------------------------------------------------------------------
        Calculated % for Fe2O3 and TiO2 use the following formula's
        Fe2O3% = Fe% X 1.4297
        TiO2% = Ti% X 1.6681
    

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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