Argentex

completed

Mineral Resources: Argentex acquired the Pinguino property in 2004 and has carried out more than 30,000 meters of diamond drilling to date (269 holes) and mapped out more than 74km of veins. Pinguino is today a medium sized polymetallic discovery, but it has significant additional resource potential within the license area. The mineralization is contained in multiple zones that remain open along strike and at depth. The 2010 drilling program (15,000 meters) that is currently underway and will cover an area as large as the one drilled to date, will focus on new targets and expansion of existing veins. Pinguino enjoys favorable location close to existing infrastructure. An existing system of all-weather roads provides year-round access to the property, linking to two major highways (22km), existing mining infrastructure, and major port facilities. Licenses: Argentex’s licenses to explore the Pinguino project have been issued in line with applicable environmental Argentinean legislation.