Argentex Mining Corporation (TSX-V: ATX; OTCBB: AGXM) is a
junior mineral resource company focusing on silver and gold discoveries
in southern Argentina.
The company maintains a large portfolio of early-stage, drill-ready
and advanced drill-stage mineral properties in the active Deseado Massif
region of Santa Cruz, Patagonia. There are four active precious metal
mines operating within the mining-friendly province. Among our holdings
in Santa Cruz is the flagship 100%-owned Pinguino property, an exciting
silver exploration project on which we have completed 36,000+ meters of
drilling to date. Argentex is also actively exploring its Cerro
Contreras and Condor gold properties in Santa Cruz.
All of our properties are held 100% by the company and continue to be
advanced by our own Argentine geological team using innovative
scientific exploration methods in this region of excellent geological
In late 2010 we completed the single largest financing in our
history. International Finance Corporation (IFC), a member of the World
Bank, invested $7.3 million in Argentex. IFC currently holds a stake
of approximately 19.5% in Argentex.
A strong treasury, our advanced Pinguino project and portfolio of
additional high-quality silver and gold properties in Santa Cruz are a
firm foundation for ongoing progress. Coupled with rising commodity
prices, we anticipate an exciting 2011 season of discovery, expansion
and unprecedented growth.
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