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The property has increased in size by 127% in order to cover additional
This is first consolidation of the iron formations in the Mouchalagane
property by one company
MONTREAL, Jan. 25 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has increased the size of the Mouchalagane property by staking from 101
km2 to 230 km2. This staking was completed in conjunction with the recently reported
airborne geophysical survey that identified a 40km long magnetic
anomaly that corresponds with iron formations that has previously been
mapped and from drilling on the property (press release dated January
The staking by Argex is the first time the area has been consolidated
into one large property package. The more than 4 gigabytes of historic
data that is publically available from the MNRQ (Quebec Ministry of
Natural Resources) greatly aids planning future work for the project.
Argex continues to review the results of the recently completed airborne
geophysical survey and will announce its future plans for the property
An updated map showing the claims and the geophysics will be available
at www.argex.ca shortly.
The staking was completed by Consul-Teck Exploration Inc., of Val d'or,
Jean-Sébastien Lavallée, P.Geo (OGQ #773), Consul-Teck Exploration Inc.,
of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist
and qualified person since 2007, has reviewed and approved this
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, 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.
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
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 CEO
Argex Mining Inc.
Paradox Public Relations at 514-341-0408 or 1-866-460-0408