Monday, October 15, 2007

Argentex reports strongest geophysical anomaly at Pinguino, Argentina

TORONTO, Oct. 4 /PRNewswire-FirstCall/ - Argentex Mining Corporation today announced findings from the final stage of its multi-phase IP geophysics program. This latest stage has revealed the strongest chargeability anomaly discovered to date at the polymetallic Pinguino property in Santa Cruz, Argentina. The anomaly is located at the regional Tranquilo fault zone.

"The prominent Tranquilo regional fault was the first feature visible from satellite imagery and is what initially drew our attention to the Pinguino property," said Ken Hicks, President of Argentex. "The fault zone is characterized by silicified country rock with scattered exposures of oxidized copper mineralization. At Pinguino, we have successfully defined mineralized veins through drill testing of chargeability anomalies. These latest geophysical findings give us a substantial subsurface target on which to focus future drill testing."

The Tranquilo area is being scheduled for drill testing as part of Argentex's 2007-2008 work program.

This chargeability anomaly is of particular geological significance because it is bounded by the regional Tranquilo fault zone, which is believed to be an important component of the Pinguino mineralizing system.

A total of eight geophysical targets were examined in stages during the year-long geophysics program. Six of these zones, including Yvonne Sur, Kasia, Sonia, Yvonne, Savary and Yvonne Norte, have been drill tested to date -- all six vein systems returned significant mineralized intersections, including zinc, lead, copper, gold, silver and indium, as discussed in a press release dated September 19, 2007.

Here is the full article.