NEAR TERM PRODUCER - TiO2
Titanium dioxide prices are expected to double by 2015
Message: News
Drill length was over 500ft. I believe the prior drill holes only went down 300ft. These are great results but I would like to see some news on the metallurgical side of things. Do they indeed have a process that works and at what stage of devlopment it is at?
Argex reports 161.25m of 18.29% TiO2 and 60.93% Fe2O3 as preliminary results from West Hervieux
Argex reports 161.25m of 18.29% TiO2 and 60.93% Fe2O3 as preliminary results from West Hervieux
MONTREAL, Mar. 15, 2010 (Canada NewsWire Group) -- /CNW Telbec/ -- Argex Silver Capital Inc. (TSX-V:RGX) "Argex" or the "Company" reports preliminary assay results from the first hole that intersected titaniferous magnetite at the La Blache property, West Hervieux occurrence. Massive titaniferous magnetite was intersected over a core length of 161.25m in hole HW-10-001. This is the widest massive titaniferous magnetite intersection to date, and has an average grade of 42.62% Fe and 18.29% TiO2. See the intersection table below:
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Length
along Fe2O3% TiO2%
HOLE No. From To core (m) Fe% (Calc'd) Ti% (Calc'd)
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HW-10-001 7.50 168.75 161.25 42.62 60.93 10.97 18.29
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including 63.00 74.00 11.00 44.05 62.98 13.86 23.12
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The results confirm that there is an occurrence of high grade massive titaniferous magnetite.
A table of all individual preliminary assays, and calculated Fe2O3 and calculated TiO2 is included at the end of this release.
On March 1, 2010 Argex reported that drilling on the La Blache Properties has now seen 10 holes totalling 1452 metres completed at the West Hervieux occurrence. A total of 6000m is currently planned for the West Hervieux occurrence. Once drilling is complete on the West Hervieux Occurrence, a 7000m drill program is planned to commence on the East Hervieux occurrence, located approximately 2 km east and 1.25 km north of the West Hervieux Occurrence.
Once vanadium assays results are available they will be reported. As well, when finalized assay certificates have been received, a confirmation release on the results for hole HW-10-001 will be reported.
Photos of the drill core for hole HW-10-001 as well as geological sections will be posted on the Company's website shortly (www.argex.ca).
Below are excerpts from the December 4, 2008 NI 43-101 Technical Report covering the Mouchalagane and La Blache Properties. This report is available for review at www.sedar.com under the company profile for Argex Silver Capital Inc., and filed on April 15, 2009, as well as at www.argex.ca.
"In 1954, three claim blocks held by the Bersimis Mining were visited by the Ressources naturelles et de la Faune du Québec (MNRFQ) (GM03107). The MRNFQ published a report and map jointly with Bersimis Mining that located and described the East Hervieux and West Hervieux occurrences (RP374) revealing the presence of medium to coarse grained magnetite in anorthosite. According to estimates made by Bersimis Mining at the time "these deposits contained 135,000,000 tons of ore up to a depth of 300 feet. It is reported that the average content of the ore is of 49 percent iron and 21 percent of TiO2." This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves, and therefore should not be relied upon, but should only be considered as an indication of the iron-titanium mineral potential and not necessarily indicative of the mineralization on the La Blache Property.
The drill program was planned and is being supervised by Jean-Sébastien Lavallée, P.Geo, Vice-Président Exploration, 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, Québec 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 (micro)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.
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Length
along Fe2O3% TiO2%
HOLE No. From To core (m) Fe% (Calc'd) Ti% (Calc'd)
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HW-10-001 7.50 8.00 0.50 45.3 64.8 12.2 10.1
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HW-10-001 8.00 9.00 1.00 46.1 65.9 12.0 20.0
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HW-10-001 9.00 10.00 1.00 45.6 65.2 12.1 20.1
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HW-10-001 10.00 11.00 1.00 44.7 63.9 12.0 20.0
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HW-10-001 11.00 12.00 1.00 42.8 61.2 11.6 19.3
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HW-10-001 12.00 13.00 1.00 45.7 65.3 12.0 20.0
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HW-10-001 13.00 14.00 1.00 45.1 64.5 11.9 19.8
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HW-10-001 14.00 15.00 1.00 45.5 65.1 11.8 19.7
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HW-10-001 15.00 16.00 1.00 45.4 64.9 11.9 19.8
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HW-10-001 16.00 17.00 1.00 45.9 65.6 12.0 19.9
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HW-10-001 17.00 18.00 1.00 39.9 57.0 8.7 14.5
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HW-10-001 18.00 19.00 1.00 40.9 58.5 9.4 15.6
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HW-10-001 19.00 20.00 1.00 36.8 52.6 7.4 12.3
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HW-10-001 20.00 21.00 1.00 42.2 60.3 10.6 17.6
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HW-10-001 21.00 22.00 1.00 45.6 65.2 12.4 20.7
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HW-10-001 22.00 23.00 1.00 45.1 64.5 12.4 20.6
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HW-10-001 23.00 24.00 1.00 42.5 60.8 11.7 19.4
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HW-10-001 24.00 25.00 1.00 45.3 64.8 12.5 20.8
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HW-10-001 25.00 26.00 1.00 46.1 65.9 12.3 20.5
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HW-10-001 26.00 27.00 1.00 45.6 65.2 12.2 20.4
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HW-10-001 27.00 28.00 1.00 45.2 64.6 11.9 19.8
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HW-10-001 28.00 28.40 0.40 44.2 63.2 11.9 7.9
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HW-10-001 28.40 29.40 1.00 24.9 35.6 6.1 10.2
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HW-10-001 29.40 30.00 0.60 45.7 65.3 12.0 12.0
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HW-10-001 30.00 31.00 1.00 43.8 62.6 11.7 19.4
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HW-10-001 31.00 32.00 1.00 38.6 55.2 10.2 17.0
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HW-10-001 32.00 33.00 1.00 44.4 63.5 11.7 19.5
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HW-10-001 33.00 34.00 1.00 44.8 64.1 11.8 19.6
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HW-10-001 34.00 35.00 1.00 44.6 63.8 11.9 19.8
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HW-10-001 35.00 36.00 1.00 43.1 61.6 11.8 19.7
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HW-10-001 36.00 37.00 1.00 42.9 61.3 11.8 19.7
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HW-10-001 37.00 38.00 1.00 43.7 62.5 11.9 19.8
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HW-10-001 38.00 39.00 1.00 42.8 61.2 11.7 19.4
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HW-10-001 39.00 40.00 1.00 45.3 64.8 11.8 19.6
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HW-10-001 40.00 41.00 1.00 44.9 64.2 11.5 19.2
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HW-10-001 41.00 42.00 1.00 45.2 64.6 11.5 19.2
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HW-10-001 42.00 43.00 1.00 44.7 63.9 11.9 19.8
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HW-10-001 43.00 44.00 1.00 44.7 63.9 12.3 20.5
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HW-10-001 44.00 45.00 1.00 38.5 55.0 10.2 16.9
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HW-10-001 45.00 46.00 1.00 40.6 58.0 10.9 18.2
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HW-10-001 46.00 47.00 1.00 44.3 63.3 12.2 20.4
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HW-10-001 47.00 48.00 1.00 44.4 63.5 12.1 20.1
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HW-10-001 48.00 49.00 1.00 44.1 63.0 12.2 20.3
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HW-10-001 49.00 50.00 1.00 43.5 62.2 11.3 18.8
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HW-10-001 50.00 51.00 1.00 44.8 64.1 12.0 20.0
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HW-10-001 51.00 52.00 1.00 44.7 63.9 12.1 20.2
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HW-10-001 52.00 53.00 1.00 44.4 63.5 11.7 19.4
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HW-10-001 53.00 54.00 1.00 44.8 64.1 11.5 19.2
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HW-10-001 54.00 55.00 1.00 44.7 63.9 11.6 19.3
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HW-10-001 55.00 56.00 1.00 44.1 63.0 12.1 20.2
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HW-10-001 56.00 57.00 1.00 44.9 64.2 12.0 20.0
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HW-10-001 57.00 58.00 1.00 44.3 63.3 11.9 19.8
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HW-10-001 58.00 59.00 1.00 44.4 63.5 12.4 20.7
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HW-10-001 59.00 60.00 1.00 46.0 65.8 11.7 19.5
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HW-10-001 60.00 60.60 0.60 45.5 65.1 11.5 11.5
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HW-10-001 60.60 61.60 1.00 13.6 19.4 2.7 4.5
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HW-10-001 61.60 62.60 1.00 13.8 19.7 3.0 5.1
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HW-10-001 62.60 63.00 0.40 45.1 64.5 11.5 7.6
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HW-10-001 63.00 64.00 1.00 43.5 62.2 11.6 19.3
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HW-10-001 64.00 65.00 1.00 45.1 64.5 12.0 19.9
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HW-10-001 65.00 66.00 1.00 44.4 63.5 12.2 20.4
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HW-10-001 66.00 67.00 1.00 44.6 63.8 11.9 19.8
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HW-10-001 67.00 68.00 1.00 44.2 63.2 12.0 20.0
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HW-10-001 68.00 69.00 1.00 36.8 52.6 16.0 26.7
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HW-10-001 69.00 70.00 1.00 29.2 41.7 10.4 17.3
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HW-10-001 70.00 71.00 1.00 41.7 59.6 13.9 23.2
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HW-10-001 71.00 72.00 1.00 41.1 58.8 14.4 23.9
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HW-10-001 72.00 73.00 1.00 40.7 58.2 16.2 26.9
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HW-10-001 73.00 74.00 1.00 41.5 59.3 14.5 24.2
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HW-10-001 74.00 75.00 1.00 22.9 32.7 5.4 9.0
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HW-10-001 75.00 76.00 1.00 24.6 35.2 6.3 10.5
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HW-10-001 76.00 76.80 0.80 25.5 36.5 7.6 10.2
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HW-10-001 76.80 78.00 1.20 45.3 64.8 11.7 23.3
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HW-10-001 78.00 79.00 1.00 46.2 66.1 11.6 19.3
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HW-10-001 79.00 80.00 1.00 45.7 65.3 11.5 19.1
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HW-10-001 80.00 81.00 1.00 46.7 66.8 11.4 19.0
-------------------------------------------------------------------------
HW-10-001 81.00 82.00 1.00 45.3 64.8 12.0 19.9
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HW-10-001 82.00 83.00 1.00 45.8 65.5 11.7 19.4
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HW-10-001 83.00 84.00 1.00 46.2 66.1 11.3 18.8
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HW-10-001 84.00 85.00 1.00 46.0 65.8 11.5 19.1
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HW-10-001 85.00 86.30 1.30 45.4 64.9 11.3 24.4
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HW-10-001 86.30 87.70 1.40 2.5 3.5 0.1 0.3
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HW-10-001 87.70 89.00 1.30 45.2 64.6 11.3 24.5
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HW-10-001 89.00 90.00 1.00 45.6 65.2 11.1 18.4
-------------------------------------------------------------------------
HW-10-001 90.00 91.00 1.00 44.9 64.2 11.3 18.8
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HW-10-001 91.00 92.00 1.00 44.8 64.1 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 92.00 93.00 1.00 45.4 64.9 11.2 18.7
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HW-10-001 93.00 94.00 1.00 45.3 64.8 11.2 18.6
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HW-10-001 94.00 95.00 1.00 44.9 64.2 11.1 18.4
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HW-10-001 95.00 96.00 1.00 45.2 64.6 11.3 18.8
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HW-10-001 96.00 97.00 1.00 41.5 59.3 10.4 17.3
-------------------------------------------------------------------------
HW-10-001 97.00 98.00 1.00 43.7 62.5 11.2 18.7
-------------------------------------------------------------------------
HW-10-001 98.00 99.00 1.00 45.2 64.6 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 99.00 100.00 1.00 44.7 63.9 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 100.00 101.00 1.00 44.7 63.9 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 101.00 102.00 1.00 45.5 65.1 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 102.00 103.00 1.00 45.2 64.6 11.6 19.3
-------------------------------------------------------------------------
HW-10-001 103.00 104.00 1.00 44.3 63.3 11.1 18.4
-------------------------------------------------------------------------
HW-10-001 104.00 105.00 1.00 44.5 63.6 11.2 18.6
-------------------------------------------------------------------------
HW-10-001 105.00 106.00 1.00 44.1 63.0 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 106.00 107.00 1.00 45.0 64.3 11.4 19.0
-------------------------------------------------------------------------
HW-10-001 107.00 108.00 1.00 44.7 63.9 11.1 18.4
-------------------------------------------------------------------------
HW-10-001 108.00 109.00 1.00 44.4 63.5 11.4 18.9
-------------------------------------------------------------------------
HW-10-001 109.00 110.00 1.00 44.7 63.9 11.5 19.1
-------------------------------------------------------------------------
HW-10-001 110.00 111.00 1.00 43.9 62.8 10.8 18.0
-------------------------------------------------------------------------
HW-10-001 111.00 112.00 1.00 44.5 63.6 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 112.00 113.00 1.00 44.6 63.8 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 113.00 114.00 1.00 44.1 63.0 11.2 18.7
-------------------------------------------------------------------------
HW-10-001 114.00 115.00 1.00 44.5 63.6 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 115.00 116.00 1.00 43.7 62.5 11.2 18.7
-------------------------------------------------------------------------
HW-10-001 116.00 117.00 1.00 44.1 63.0 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 117.00 118.00 1.00 43.6 62.3 11.4 18.9
-------------------------------------------------------------------------
HW-10-001 118.00 119.00 1.00 43.3 61.9 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 119.00 120.00 1.00 43.4 62.0 10.8 17.9
-------------------------------------------------------------------------
HW-10-001 120.00 121.00 1.00 43.1 61.6 11.1 18.4
-------------------------------------------------------------------------
HW-10-001 121.00 122.00 1.00 43.8 62.6 10.9 18.2
-------------------------------------------------------------------------
HW-10-001 122.00 123.00 1.00 47.1 67.3 11.9 19.8
-------------------------------------------------------------------------
HW-10-001 123.00 124.00 1.00 46.8 66.9 12.0 19.9
-------------------------------------------------------------------------
HW-10-001 124.00 125.00 1.00 43.8 62.6 10.9 18.2
-------------------------------------------------------------------------
HW-10-001 125.00 126.00 1.00 42.7 61.0 10.7 17.8
-------------------------------------------------------------------------
HW-10-001 126.00 127.00 1.00 43.7 62.5 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 127.00 128.00 1.00 43.4 62.0 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 128.00 129.00 1.00 43.5 62.2 11.1 18.4
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HW-10-001 129.00 130.00 1.00 43.4 62.0 11.2 18.6
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HW-10-001 130.00 130.95 0.95 43.1 61.6 10.9 17.2
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HW-10-001 130.95 131.60 0.65 1.8 2.5 0.2 0.2
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HW-10-001 131.60 132.20 0.60 43.2 61.8 11.0 11.0
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HW-10-001 132.20 133.00 0.80 43.1 61.6 10.7 14.2
-------------------------------------------------------------------------
HW-10-001 133.00 134.00 1.00 43.7 62.5 11.4 18.9
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HW-10-001 134.00 135.00 1.00 43.2 61.8 10.9 18.2
-------------------------------------------------------------------------
HW-10-001 135.00 136.00 1.00 46.5 66.5 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 136.00 137.00 1.00 45.8 65.5 11.2 18.6
-------------------------------------------------------------------------
HW-10-001 137.00 138.00 1.00 45.9 65.6 11.4 18.9
-------------------------------------------------------------------------
HW-10-001 138.00 139.00 1.00 46.8 66.9 11.4 18.9
-------------------------------------------------------------------------
HW-10-001 139.00 140.00 1.00 46.6 66.6 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 140.00 141.00 1.00 44.7 63.9 11.1 18.4
-------------------------------------------------------------------------
HW-10-001 141.00 142.00 1.00 43.9 62.8 10.7 17.8
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HW-10-001 142.00 143.00 1.00 47.1 67.3 11.3 18.8
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HW-10-001 143.00 144.00 1.00 46.5 66.5 11.1 18.5
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HW-10-001 144.00 145.00 1.00 37.2 53.2 8.7 14.4
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HW-10-001 145.00 146.00 1.00 46.6 66.6 11.1 18.4
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HW-10-001 146.00 147.05 1.05 45.5 65.1 11.0 19.3
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HW-10-001 147.05 148.00 0.95 3.9 5.6 0.8 1.3
-------------------------------------------------------------------------
HW-10-001 148.00 148.60 0.60 8.3 11.9 2.1 2.1
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HW-10-001 148.60 150.00 1.40 42.2 60.3 10.2 23.8
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HW-10-001 150.00 151.00 1.00 46.6 66.6 11.3 18.8
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HW-10-001 151.00 152.00 1.00 46.7 66.8 11.2 18.6
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HW-10-001 152.00 153.00 1.00 46.5 66.5 11.1 18.5
-------------------------------------------------------------------------
HW-10-001 153.00 154.00 1.00 43.8 62.6 10.4 17.3
-------------------------------------------------------------------------
HW-10-001 154.00 155.00 1.00 46.9 67.1 11.4 18.9
-------------------------------------------------------------------------
HW-10-001 155.00 156.00 1.00 47.2 67.5 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 156.00 157.00 1.00 46.4 66.3 11.6 19.3
-------------------------------------------------------------------------
HW-10-001 157.00 158.00 1.00 47.2 67.5 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 158.00 159.00 1.00 46.5 66.5 11.3 18.8
-------------------------------------------------------------------------
HW-10-001 159.00 160.00 1.00 47.2 67.5 11.0 18.3
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HW-10-001 160.00 161.00 1.00 46.7 66.8 11.1 18.5
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HW-10-001 161.00 162.00 1.00 46.9 67.1 11.2 18.7
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HW-10-001 162.00 163.00 1.00 47.2 67.5 11.3 18.8
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HW-10-001 163.00 164.00 1.00 46.2 66.1 11.2 18.6
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HW-10-001 164.00 165.00 1.00 46.8 66.9 11.0 18.3
-------------------------------------------------------------------------
HW-10-001 165.00 166.00 1.00 46.7 66.8 10.9 18.1
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HW-10-001 166.00 167.00 1.00 46.4 66.3 11.2 18.6
-------------------------------------------------------------------------
HW-10-001 167.00 168.00 1.00 43.1 61.6 10.2 17.0
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HW-10-001 168.00 168.75 0.75 45.4 64.9 11.6 19.3
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Calculated % for Fe2O3 and TiO2 use the following formula's
Fe2O3% = Fe% X 1.4297
TiO2% = Ti% X 1.6681
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