VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/25/14 — Argentex Mining Corporation („Argentex“ or the „Company“) (TSX VENTURE: ATX) (OTCQB: AGXMF) is pleased to announce that it has filed the Updated Technical Report on the Pinguino Project, Santa Cruz, Argentina on Sedar. The updated NI 43-101 report was prepared by Mine Development Associates („MDA“) of Reno, Nevada, and dated 19th September, 2014.
Report Highlights:
Table 1: Resource Summary
The report can also be viewed on the Argentex website at . The results from the report were previously announced by the Company in a news release on August 21st, 2014.
About Pinguino
Argentex–s 10,000-hectare advanced silver and gold exploration Pinguino project is located in Argentina–s Patagonia region, within the Deseado Massif of Santa Cruz province. The Deseado Massif is an active region of mining with four precious metal mines currently in production, and includes multiple active advanced and early stage exploration projects.
The Pinguino system has grown to 70+ individual veins, with a combined strike length approaching approx. 113 line-kilometers. The Pinguino project is unique within the Deseado Massif region of Santa Cruz province in that it contains two different and spatially distinct types of mineralization, one precious metal and the other sulphide-rich polymetallic. The Company continues to evaluate the geological model of sulphide-enriched potentially mineralized intrusives at depth, forming the probable source for the polymetallic veins exposed on surface.
Pinguino is easily accessible, situated approximately 400 meters above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.
The Updated Technical Report was prepared by Steven Ristorcelli, C. P. G., Principal Geologist at Mine Development Associates in Reno, Nevada in accordance with NI 43-101, and he is an independent „Qualified Person“ as defined by NI 43-101. Mr. S. Ristorcelli has approved the details of the Updated Technical Report included in this press release.
All other content of this press release has been reviewed and approved by Mr. Mike Brown, MAIG, and he is a „Qualified Person“ as defined by NI 43-101.
About Argentex
Argentex Mining Corporation is an exploration company focused on advancing its Pinguino silver-gold project in Santa Cruz, Argentina. In total, Argentex owns 100% of the mineral rights to more than 37 properties located within approximately 136,087 hectares of highly prospective land located in the Santa Cruz and Rio Negro provinces.
Shares of Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and under the symbol AGXMF on the OTCQB. Neither 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.
On behalf of Argentex Mining Corporation:
Michael Brown, President and CEO
Contacts: Argentex Mining Corporation Michael Brown President and CEO 604-568-2496
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