During the 2008 field season, Argentex completed the largest diamond drilling program in the history of its Pinguino project, testing 15 different mineralized vein systems for a total of 20,782.9 meters (68,185 feet) of diamond drilling. Results to date are very encouraging, expanding the mineralized footprint at Marta Centro, Marto Este and Marta Norte and outlining significant new discoveries in other zones. Specifically, results include unprecedented intervals of high-grade gold as well as the longest high-grade base-metal intersection recorded to date at Pinguino.
Highlights of the analytical results for the major intersections of the first 10 drill holes at Marta Centro are outlined in the following table:
Drill Hole
(ID)
From
(m)
To
(m)
Length
(m)
Indium
(g/t)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
Area: Marta Centro
P122-08
63.0
66.2
3.2
15
0.7
91
1.9
5.0
P123-08
60.0
68.5
8.5
12
0.3
61
0.7
0.9
P126-08
61.6
67.9
6.3
3
1.7
38
1.0
2.6
including
65.9
67.9
2.0
1
5.1
66
0.5
1.4
P130-08
103.0
108.8
5.8
69
0.4
45
1.0
3.4
P131-08
94.5
114.8
20.3
23
0.2
31
0.7
3.1
including
113.2
114.7
1.5
148
0.5
108
1.9
11.3
P132-08
95.9
108.9
13.0
52
0.3
33
0.8
4.6
including
108.2
108.9
0.7
434
0.5
124
3.8
22.7
P133-08
100.3
169.7
69.4
30
0.2
22
0.5
2.4
including
108.1
109.1
1.0
602
0.9
122
3.6
25.9
P134-08
96.2
114.0
17.8
36
0.2
58
1.6
3.2
including
109.4
111.8
2.4
188
0.7
262
7.9
12.1
P135-08
97.5
109.4
11.9
4
0.1
18
0.4
1.5
P138-08
106.2
127.1
20.9
32
0.2
34
0.9
3.1
including
123.3
127.1
3.8
135
0.4
119
3.3
9.9
The following table displays selected analytical results for three drill holes in Marta Centro and the first nine holes drilled in Marta Este:
Drill Hole
(ID)
From
(m)
To
(m)
Length
(m)*
Indium
(g/t)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
Area: Marta Este
P143-08
73.2
83.7
10.5
0.4
1.1
23
0.6
0.9
P144-08
87.50
90.46
3.0
3
0.2
35
1.6
2.5
P145-08
65.6
84.7
19.1
1
0.8
384
1.5
1.6
including
72.6
82.7
10.1
1
1.3
718
2.2
2.7
P146-08
63.85
79.0
15.2
1
0.4
167
1.1
0.8
including
69.8
79.0
9.3
1
0.5
256
1.6
1.3
P147-08
62.3
69.0
6.7
2.6
1.5
112
2.5
1.33
P148-08
65.05
73.5
8.5
4
0.7
48
0.2
0.1
P151-08
59.6
69.5
9.9
0.4
0.9
29
0.1
0.1
P152-08
61.4
70.55
9.2
1.1
1.1
48
0.1
Na
P153-08
65.1
81.3
16.2
7
2.3
371
0.2
0.1
including
76.3
79.9
3.6
15
7.7
973
0.2
0.1
Area: Marta Centro
P136-08
125.8
135.7
9.9
97
0.4
22
0.4
4.0
P139-08
111.0
129.0
18.0
21
0.2
32
0.5
2.2
124.1
129.0
4.9
74
0.5
103
1.33
6.1
P141-08
115.6
124.7
9.1
4
0.2
73
0.8
2.0
*True widths are estimated to be 85-90% of the stated core length
The following table displays selected analytical results for four additional holes drilled in Marta Este and one hole at Marta Centro:
Drill Hole
(ID)
From
(m)
To
(m)
Length
(m)*
Indium
(g/t)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
Area: Marta Este
P154-08
59.1
77.8
18.7
2
1.9
422
0.10
0.06
including
P154-08
67.0
77.8
10.8
2
3.1
679
0.14
0.07
including
P154-08
72.90
77.0
4.1
3
5.1
1,561
0.24
0.13
P155-08
63.9
76.8
12.9
1
0.5
168
0.65
0.08
P160-08
91.0
94.0
3.0
10
1.0
213
0.31
0.28
and
P160-08
100.6
105.0
4.4
6
0.9
92
0.42
0.31
P161-08
85.9
98.6
12.7
1
0.5
160
2.09
0.56
Area: Marta Centro
P140-08
115.5
126.2
10.7
34
0.3
68
2.25
5.05
and
P140-08
169.2
178.2
9.0
25
0.1
12
0.40
2.37
and
P140-08
190.6
194.5
3.9
3
0.1
13
0.56
1.05
*True widths are estimated to be 85-90% of the stated core length
The following table displays selected analytical results for 12 holes, including five drilled in Marta Centro, two at Marta Norte, one at Marta Noroeste, two at Yvonne Sur-Marcela (a new blind vein discovered by chargeability anomalies) and two at Marta Este:
Drill Hole
(ID)
From
(m)
To
(m)
Length
(m)*
Indium
(g/t)
Gold
(g/t)
Silver
(g/t)
Lead
(%)
Zinc
(%)
Area: Marta Centro
P168-08
213.00
221.00
8.00
11
0.22
30.7
0.62
2.44
P169-08
200.90
212.56
11.66
20
0.28
32.0
0.66
3.58
P170-08
245.87
256.23
10.36
24
0.30
29.5
0.46
2.28
P172-08
251.40
262.25
10.85
46
0.34
26.8
0.89
7.26
P173-08
246.80
256.78
9.98
54
0.46
90.8
2.22
6.74
Area: Marta Norte
P177-08
87.05
90.48
3.43
0
0.31
180.7
8.27
0.25
P183-08
85.00
86.50
1.50
0
0.62
554.8
2.90
1.58
Area: Marta Noroeste
P196-08
79.18
79.60
0.42
251.26
>100.0
0.51
0.16
Area: Yvonne Sur-Marcela
P200-08
69.84
82.33
12.49
31
0.25
119.7
6.05
7.39
including
P200-08
77.23
81.28
4.05
24
0.28
237.0
12.32
14.06
and
P200-08
89.05
97.00
7.95
5
0.04
10.5
0.47
1.41
P200-08
101.50
109.98
8.48
14
0.06
35.1
1.40
3.25
P249-08
46.00
49.40
3.40
11
0.03
21.5
0.90
0.98
Area: Marta Este
P210-08
106.00
112.95
6.95
1
0.27
26.4
0.94
1.85
including
P210-08
107.90
112.95
5.05
1
0.31
31.6
1.11
2.21
P211-08
142.60
145.78
3.18
2
0.14
14.7
0.33
2.59
P211-08
164.70
170.30
5.60
0
0.09
14.4
0.68
0.91
P211-08
175.00
181.60
6.60
1
0.20
22.9
0.83
1.29
including
P211-08
175.00
177.50
2.50
2
0.31
47.2
1.78
2.40
*True widths are estimated to be 85-90% of the stated core length
Selected analytical results for eight holes -- five at Marta Este, two at Kasia and one at Yvonne Sur -- are detailed in a press release dated December 16, 2008.
Selected analytical results for eight holes -- two at Marta Centro, two at Marta Este, two at Kasia and two at Yvonne Sur -- are detailed in a press release dated February 4, 2009.
The expansion of mineralization in two previously published drill holes (see press release dated September 25, 2008) at Marta Norte and Yvonne Sur are detailed in a press release dated February 19, 2009.
Selected analytical results for eight holes -- two at Marta Centro, four at Marta Norte and two at Marta Este -- are detailed in a press release dated February 19, 2009.
Argentex intersected high-grade silver-zinc-lead 400 meters deep at Pinguino?s Marta Centro zone, as detailed in a press release dated February 27, 2009. Results for five holes at Marta Centro and three at Marta Este are detailed in the press release.
Assays from 13 drill holes -- seven at Marta Este, two from Marta Centro, one from Marta Noroeste and three from Savary -- are detailed in a press release dated April 6, 2009.
On May 6, 2009, Argentex announced the discovery of 12 new mineralized veins at Pinguino. Mapped veins on the property now cover a combined strike length of 74 kilometers (45 miles) and mineralization has been proven to depth by drilling in 15 of 47 zones.
