Argex reports 192 metres of Titaniferous mineralization from five zones in
first hole at East Hervieux
- 192.2 m of Titaniferous Mineralization within 5 zones in hole HW-10-001 - Massive Titaniferous Magnetite mineralization over a strike length of 1000 m - 23 holes of 30 completed to date intersected Massive Titaniferous Magnetite - Drilling continues at East Hervieux
MONTREAL, April 29 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) (Argex or the Company) is pleased to report initial drilling at the La Blache property, East Hervieux occurrence. To date, 30 holes have been completed on the East Hervieux Occurrence. This drilling was planned to better define the geometry and potential size of the West Hervieux Occurrence and test the airborne magnetic survey. The strike length of massive titaniferous magnetite at the East Hervieux occurrence has been identified over a strike length of more than 1000m. Hole HE-10-001 intersected 5 zones of titaniferous mineralization for a total of 192.2m The widest massive titaniferous magnetite intersections reported to date at East Hervieux are 95.1 m and 72.65m in hole HE-10-001, 52.7 m in hole HE-10-005, 46.65 m in hole HE-10-017 and 45.85 m in hole HE-10-004. All results are drill intersections along the length of the core and may not be representative of the true thickness. A summary of drilling at East Hervieux is provided in the table below:
------------------------------------------------------------------------- Length Description of along Hole the mineralized HOLE No. From To core length intersection (m) (m) ------------------------------------------------------------------------- HE-10-001 3 8.4 5.4 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-001 57.75 152.85 95.1 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-001 163.75 236.4 72.65 279 Anorthosite/Peridotite with TM ---------------------------------- ------------------------------- HE-10-001 236.4 249 12.6 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-001 249 255.45 6.45 Anorthosite/Peridotite with TM ------------------------------------------------------------------------- HE-10-002 NSV 18 Hole Abandoned ------------------------------------------------------------------------- HE-10-003 1 7.75 6.75 Massive Titaneferous Magnetite ---------------------------------- 145 ------------------------------- HE-10-003 92.8 97.35 4.55 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-004 36.82 38.4 1.58 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-004 68 113.85 45.85 174 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-004 122.3 127.75 5.45 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-005 82.6 135.3 52.7 189 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-006 64.52 106.7 42.18 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-006 110.27 118.5 8.23 165 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-006 127.3 135.65 8.35 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-007 24.25 34.5 10.25 Massive Titaneferous Magnetite ---------------------------------- 144 ------------------------------- HE-10-007 99.63 114.12 14.49 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-008 80.87 97.48 16.61 108 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-009 93.06 95.15 2.09 120 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-010 74.6 108.75 34.15 129 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-011 NSV 144 ------------------------------------------------------------------------- HE-10-012 NSV 150 ------------------------------------------------------------------------- HE-10-013 NSV 92 ------------------------------------------------------------------------- HE-10-014 NSV 129 ------------------------------------------------------------------------- HE-10-015 57.8 100.1 42.3 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-015 105.75 105.95 0.2 129 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-015 107.92 110.54 2.62 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-016 37 60 23 123 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-017 4 50.65 46.65 Massive Titaneferous Magnetite ---------------------------------- 93 ------------------------------- HE-10-017 58.85 60.6 1.75 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-018 68 73.75 5.75 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-018 80.8 82.2 1.4 117 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-018 88.1 95.5 7.4 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-019 23 34.5 11.5 Massive Titaneferous Magnetite ---------------------------------- 99 ------------------------------- HE-10-019 36.8 47.4 10.6 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-020 27.15 34.8 7.65 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-020 43.2 56.5 13.3 95 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-020 57.8 61.8 4 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-021 29.7 63.25 33.55 99 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-022 88.4 93.28 4.88 123 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-023 35.75 45.7 9.95 69 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-024 22.3 31.2 8.9 Massive Titaneferous Magnetite ---------------------------------- 75 ------------------------------- HE-10-024 38 50.65 12.65 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-025 6.4 23 16.6 75 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-026 NSV 75 ------------------------------------------------------------------------- HE-10-027 6 31.6 25.6 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-027 39.2 40.55 1.35 75 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-027 50.65 53 2.35 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-028 5.2 17.6 12.4 81 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-029 9.8 14.4 4.6 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-029 19.9 32.9 13 75 Massive Titaneferous Magnetite ---------------------------------- ------------------------------- HE-10-029 33.45 43.35 9.9 Massive Titaneferous Magnetite ------------------------------------------------------------------------- HE-10-030 NSV 75 -------------------------------------------------------------------------
These results demonstrate continuity of structure, and assay results will be released when they have been received by the company.
Argex is moving rapidly with drilling in order to complete a National Instrument 43-101 compliant technical report on the mineral resource estimate for the La Blache Project in 2010.
The drill program was planned and is being supervised by Jean-Sebastien Lavallee, P.Geo(OGQ #773) since 2007, 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 Major Drilling Group International Inc, with crews being based out of the Val d'or, Quebec 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 ?m. All samples are analyzed using ICP-81 (Iron-Titanium) and using ME-XRF-10 for Vanadium.
About Argex
Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, 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, Quebec. For additional information please visit our website at www.argex.ca.
Forward-Looking Statements --------------------------
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.
For further information: Michael Dehn, President and CEO, Argex Silver Capital Inc, (647) 477-2382, [email protected]; Paradox Public relations, (514) 341-0408 or 1-866-460-0408
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