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MONTREAL, Jan. 27 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has engaged BBA Inc., one of Canada's leading firms of independent
engineering professionals in the mining and metals sector, to complete
a scoping study compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects for the La Blache property. The scoping study will be comprised of the
evaluation of the mining and milling operations and metallurgical
processing facility, accompanied by all necessary infrastructures
needed for the development of the La Blache property. It is expected
that a cost estimate and financial analysis should be completed by
March 31, 2011.
The major areas to be covered by the scoping study of BBA include: mine
design, general infrastructure, integration of the contributions of
third parties (metallurgy, environmental study, market study,
transportation study and others), capital and operating cost estimates,
cash flow model and financial analysis, and a project implementation
Argex's objective is to develop a world class titanium mining operation
with a hydrometallurgical processing facility treating upwards of three
million tonnes per year of ore (3Mtpa); producing high-grade titanium
dioxide, iron oxide and vanadium products. The chemical purity of all
products is expected to be excellent.
"BBA has put together a highly qualified team of experienced
professionals," said Michael Dehn, Argex's President and Chief Excutive
Officer, "BBA's multidisciplinary mines and metals group has completed
numerous projects related to iron ore, gold and base metals in northern
Quebec. We are confident that their involvement in the project is a
value-added for our shareholders."
About BBA Inc.
Established in 1979, BBA is an independent Canadian consulting
engineering firm with nearly 600 employees. BBA offers engineering
services across Canada and around the globe with a high level of
expertise, focusing on the mines, metals, energy and petrochemical
sectors. From a project's definition to commissioning, BBA offers a
complete range of multi-disciplinary engineering services including
feasibility studies, management consulting, process/energy audits,
detailed engineering, EPCM and start up assistance. The company is
headquartered in Mont-Saint-Hilaire, Quebec and has offices in downtown
Montreal and Vancouver as well as in Labrador City. www.bba.ca
About Argex Mining Inc.
Argex is a junior titanium, iron, vanadium and magnesium explorer with
projects in Québec, Canada. Headquartered in Montreal, Québec with
plans to rapidly advance towards titanium production at the 100%-owned
La Blache deposit located near Baie-Comeau, Québec. Argex also owns
100% of the Mouchalagane Iron Ore project, located 380 kilometres north
of Baie-Comeau, Québec and of the same type of deposit as ore bodies
currently being mined by Québec Cartier Mining's (Arcelor Mittal) Fire
Lake Mine and Consolidated Thompson's Bloom Lake Mine. Recently, Argex
expanded its land holdings near Baie-Comeau, Québec surrounding
Consolidated Thompson's Lac Brûlé Titanium-Iron-Vanadium deposit. For
additional information, please visit our website at www.argex.ca.
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.
SOURCE ARGEX MINING INC.
For further information:
Michael Dehn, President and Chief Executive Officer
Argex Mining Inc.
Paradox Public Relations at 514-341-0408 or 1-866-460-0408