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The property has increased to 328% of the original October 2009 size in
order to cover additional iron formation targets identified from
recently flown airborne survey
MONTREAL, Feb. 8 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has further increased the size of the Mouchalagane property by staking
from an original 101 km2 to 332 km2. This staking was completed following interpretation of the recently
reported airborne geophysical survey that identified a 40km long
magnetic anomaly that corresponds with iron formations that have
previously been mapped and from drilling on the property (press release
dated January 24, 2011).
Argex continues to review the results of the recently completed airborne
geophysical survey and will announce its future plans for the property
The iron-rich rocks of the Mouchalagane Property are part of the iron
bearing rocks of the southern part of the Labrador Trough. A map that
shows the extent of iron formations in the Labrador Trough as they
continue in a southwesterly direction towards the Manicouagan Structure
in proximity to the Mouchalagane property is available at www.argex.ca. The iron formations are of the Lake Superior type.
Maps of the airborne geophysics are now available at www.argex.ca.
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
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