Highly prospective exploration company
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Message: RGX
Argex hits massive titaniferous magnetite at La Blanche
Ticker Symbol: C:RGXArgex hits massive titaniferous magnetite at La Blanche
Argex Silver Capital Inc (C:RGX)
Shares Issued 56,910,200
Last Close 6/11/2010 $0.235
Monday June 14 2010 - News ReleaseMr. Michael Dehn reports
ARGEX REPORTS ADDITIONAL INTERSECTIONS OF MASSIVE TITANIFEROUS MAGNETITE FROM EAST HERVIEUX
Argex Silver Capital Inc. has released additional drilling at the La Blache property, East Hervieux occurrence. To date, 69 holes have been completed on the East Hervieux Occurrence. This drilling has better defined the geometry and potential size of the East Hervieux Occurrence. The strike length of massive titaniferous magnetite at the East Hervieux occurrence has been identified over a strike length of more than 1000m.
Large massive titaniferous magnetite outcrops have been identified on the East Hervieux west occurrence. Additionally, several drill holes have collared in bedrock consisting of massive titaniferous magnetite (HE-10-032, HE-10-035, HE-10-036, HE-10-040 and hole HE-10-054).
Deeper drill holes have also intersected significant widths of massive titaniferous magnetite including 52.35m (174.7 feet) from 245.15m to 297.5m in hole HE-10-064, 36.25m (118.9 feet) from 257.75m to 294m in hole HE-10-065, and 23.15m (76 feet) from 264.7m to 287.85m in hole HE-10-067. The intersection in hole HE-10-064 from 245.15m to 297.5m demonstrates the zone is still mineralized to a vertical depth of 200m (656 feet).
The thickest drill intersections along the length of the core in this reported drilling is 62.4m (204.7 feet) from 74.3m to 136.7m in hole HE-10-062, 60.2m (197.5 feet) from 47.3m to 107.5m in holes HE-10-063 and 61.3m (201.1 feet) from 50.7m to 112m in hole HE-10-048.
The wide intersections and continuity to depth is very encouraging. Additional wide step out drill holes will be completed at East Hervieux in the coming weeks to test the potential stike extension of mineralization as well as additional high magnetic targets.
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:
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Length
along Hole Description
core length of the mineralized
HOLE No. From To (m) (m) intersection
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HE-10-031 11.5 53.5 42 75 Massive Titaniferous Magnetite
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HE-10-032 5.5 48.5 43 81 Massive Titaniferous Magnetite
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HE-10-033 59.25 102.4 43.15 120 Massive Titaniferous Magnetite
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HE-10-034 NSV 81
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HE-10-035 6.7 27.7 21 75 Massive Titaniferous Magnetite
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HE-10-036 5.3 58.5 53.2 75 Massive Titaniferous Magnetite
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HE-10-037 NSV 36
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HE-10-038 30.4 80.25 49.85 99.8 Massive Titaniferous Magnetite
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HE-10-039 20.7 40.4 19.7 75 Massive Titaniferous Magnetite
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HE-10-040 5.2 17.6 12.4 81 Massive Titaniferous Magnetite
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HE-10-041 114.45 120.75 6.3 Massive Titaniferous Magnetite
---------------------------------- 134 -------------------------------
HE-10-041 132.85 134 1.15 Massive Titaniferous Magnetite
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HE-10-042 103.5 112.3 8.8 138 Massive Titaniferous Magnetite
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HE-10-043 77.8 82.6 4.8 150 Massive Titaniferous Magnetite
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HE-10-044 96.9 100.2 3.3 150 Massive Titaniferous Magnetite
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HE-10-045 94.8 99 4.2 140 Massive Titaniferous Magnetite
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HE-10-046 NSV 150 Massive Titaniferous Magnetite
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HE-10-047 12.3 58.5 46.2 111 Massive Titaniferous Magnetite
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HE-10-048 50.7 112 61.3 156 Massive Titaniferous Magnetite
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HE-10-049 32.6 71.35 38.75 84 Massive Titaniferous Magnetite
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HE-10-050 13.55 43.6 30.05 Massive Titaniferous Magnetite
---------------------------------- 96 -------------------------------
HE-10-050 73.2 80.55 7.35 Massive Titaniferous Magnetite
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HE-10-051 10.3 13.8 3.5 69 Massive Titaniferous Magnetite
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HE-10-052 50.15 51.7 1.55 99 Massive Titaniferous Magnetite
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HE-10-053 97.4 102.05 4.65 Massive Titaniferous Magnetite
---------------------------------- 147 -------------------------------
HE-10-053 115.5 118.1 2.6 Massive Titaniferous Magnetite
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HE-10-054 6 6.65 0.65 150 Massive Titaniferous Magnetite
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HE-10-055 155.4 180.1 24.7 Massive Titaniferous Magnetite
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HE-10-055 185.9 192.9 7 Massive Titaniferous Magnetite
---------------------------------- 227 -------------------------------
HE-10-055 194.25 201.75 7.5 Massive Titaniferous Magnetite
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HE-10-055 204.2 207.55 3.35 Massive Titaniferous Magnetite
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HE-10-056 92.7 127.3 34.6 Massive Titaniferous Magnetite
---------------------------------- 201 -------------------------------
HE-10-056 136.7 160.7 24 Massive Titaniferous Magnetite
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HE-10-057 193.7 226.3 32.6 Massive Titaniferous Magnetite
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HE-10-057 229.7 237.9 8.2 272 Massive Titaniferous Magnetite
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HE-10-057 241 243 2 Massive Titaniferous Magnetite
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HE-10-058 157.35 161 3.65 Massive Titaniferous Magnetite
---------------------------------- 201 -------------------------------
HE-10-058 164.2 187.3 23.1 Massive Titaniferous Magnetite
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HE-10-059 128 142.1 14.1 Massive Titaniferous Magnetite
---------------------------------- 186 -------------------------------
HE-10-059 152.8 160.3 7.5 Massive Titaniferous Magnetite
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HE-10-060 168.7 206.8 38.1 225 Massive Titaniferous Magnetite
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HE-10-061 101.25 101.65 0.4 177 Massive Titaniferous Magnetite
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HE-10-062 74.3 136.7 62.4 159 Massive Titaniferous Magnetite
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HE-10-063 47.3 107.5 60.2 135 Massive Titaniferous Magnetite
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HE-10-064 245.15 297.5 52.35 315 Massive Titaniferous Magnetite
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HE-10-065 257.75 294 36.25 315 Massive Titaniferous Magnetite
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HE-10-066 201.9 205.4 3.5 225 Massive Titaniferous Magnetite
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HE-10-067 233.2 249 15.8 Massive Titaniferous Magnetite
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HE-10-067 253.9 259.9 6 297 Massive Titaniferous Magnetite
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HE-10-067 264.7 287.85 23.15 Massive Titaniferous Magnetite
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HE-10-068 163 195.95 32.95 216 Massive Titaniferous Magnetite
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HE-10-069 166.3 187.3 21 210 Massive Titaniferous Magnetite
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These results further demonstrate the continuity of structure and mineralization along strike and to depth. 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, PGeo (l'Ordre des geologues du Quebec No. 773), Consul-Teck Exploration Inc., of Val d'or, Quebec, Argex's Silver Capital Inc. consulting geologist and qualified person since 2007, as well as reviewing and approving this release. The drilling is being completed by 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 Consul-Teck Exploration. Chemex is the laboratory used for analysis of all samples from programs on the La Blache property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70 per cent, minus two millimetres, then separation and pulverized to 85 per cent, passing 75 (micro) m. All samples are analyzed using ICP-81 (iron-titanium) and using ME-XRF-10 for vanadium.
2010 Canjex Publishing Ltd.
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