Thursday 7 May 2009

Argentex field discovered 12 new mineralized veins at Pinguino, Santa Cruz, Argentina

VANCOUVER- Argentex Mining Corporation is pleased to announce the results of a program of mapping the territory that was recently completed by the geologists of the company at Pinguino. A total of 14 line km veins were found in 12 new structures. The areas were selected for the survey based on a combination of anomalies of multi-element soil geochemistry, IP chargeability, magnetic and soil, and the extension of existing facilities, including Yvonne. One meter resolution Ikonos images was used as a basis for mapping and exploration.

Plotting of the veins on the property now cover a length of 74 km and the mineralization has been demonstrated the depth of drilling in 15 of the 47 sectors. The results of this recent include samples with values up to 2.5 grams per tonne, gold, lead and 10% exceeding 300 g / t silver, respectively.

"On the basis of geological interpretation, mapping and sampling by our team of field, we can now detect subtle expression of the surface successfully Penguin sulphide veins that are not identified by the previous owners," said Ken Hicks, President of Argentex . The first results of our field program in 2009 are very encouraging and has several new targets from which to develop additional mineralization at depth and along strike. We are finishing our first National Instruments 43-101-compliant resource status estimate, which will be the next important step in the development of society. "

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