AGXM:

SEC Litigation:

http://www.sec.gov/litigation/litreleases/2013/lr22636.htm

Complaint:

http://www.sec.gov/litigation/complaints/2013/comp22636.pdf

Argentex Trenches 2.5 Meters Grading 4,709.6 g/t Ag and 0.30 g/t Au at Pinguino Project


http://ih.advfn.com/p.php?pid=nmona&article=53735920

dude, that is like one month and one week old

Auguries — TBTC
June 22, 2012
By Kevin Michael Grace

Gold was down (at press time) $54.10 (-3.3%) for the week to $1,564.50, and silver was down $1.47 (-5.2%) to $26.94. Reuters reported, “Gold fell 2.5% Thursday, nearly wiping out this year’s gains as renewed fears of a global economic slowdown and disappointment over a lack of aggressive US Federal Reserve stimulus dampened bullion’s inflation-hedge appeal.”

Translation: Bernancus Magnus descended from his Olympian redoubt Wednesday and delivered a gloomier assessment than previously. Zero Hedge comments, “In April, the Fed saw 2012 GDP between 2.4%-2.9% and unemployment of 7.8%-8%. The just released updated forecasts table has these two critical for the election campaign data points at 1.9%-2.4%, or a major drop since April, for GDP and unemployment declining to 8%-8.2%. One thing is certain: whatever GDP and unemployment are at the end of 2012, they will not be whatever the perpetually inaccurate Fed forecasts.”

Read more about gold prices. http://resourceclips.com/2012/06/22/auguries-tbtc/

Argentex Intersects 4.1 Meters Grading 1,959.3 g/t Ag and 3.23 g/t Au at the Pinguino Project and Commences Metallurgical Testing of Oxide and Sulphide Mineralization
http://www.argentexmining.com/s/NewsReleases.asp?ReportID=539276&_Type=News-Releases

This, like many with significant Argentine exposure, sure took a big hit on the Repsol news . . . So, what am I not catching about tomorrow ?
Did you ever try to get info on why Ken Hicks (and Godwin) left so apparently suddenly and so completely ? Hick had a major chunk of his life in the discovery here. I emailed back then asking, didn't really expect to hear any of the inside gore, but I did not even get acknowledgement of my email with a 'thanks for the inquiry, but we are not at liberty . . .' response.

.30 - tomorrow will be interesting...

Yes. The pps, in this atmosphere + loss season, never has gotten recovery momentum after the day of the 1+ million share sell-off (looked like one big block that wanted out) shortly after the Argentina decree.
Still heading toward the initial NI 42-101 with a lot of drills in hand.

0.40 what a hammering!

Share Structure (as of October 7, 2011 - unaudited):

Shares Issued and Outstanding ~71.3M
Options Outstanding ~ 3.7M
Warrants Outstanding* ~19.4M

Fully Diluted ~94.4M

*Warrants Detail:
Warants Outstanding Price Expiry
1,923,900 $CDN0.90 November 27, 2011
900,000 $CDN1.25 April 11, 2012
4,350,000 $CDN1.60 August 19, 2013
522,000* $CDN1.15 August 19, 2013
652,500 $CDN1.60 August 19, 2013
10,804,606 $CDN1.14 October 26, 2015

http://www.argentexmining.com/s/ShareStructure.asp

Argentex Drills 9.00 Meters of 2.63 g/t Au and 682.8 g/t Ag at Marta Noroeste Vein at Pinguino Project


Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCBB:AGXMF) is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in the Santa Cruz province of Argentina. The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received sample results from 13,943 meters of drilling from 154 holes, with approximately 25% of holes remaining to be processed in the lab.


Results below are from the most recent 21 holes at Pinguino. All of these holes are located on the Marta Noroeste vein. A map of drill hole collars is available on the Company's web site at www.argentexmining.com).




----------------------------------------------------------------------------
----------------------------------------------------------------------------
From To Interval Gold Silver (ii)Silver Eq
Drill Hole (m) (m) (m)(i) (g/t) (g/t) (g/t)
----------------------------------------------------------------------------
MARTA NOROESTE
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR015-11 36.00 48.00 12.00 0.33 181.8 196.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 40.00 43.00 3.00 0.95 638.4 680.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR017-11 77.00 79.00 2.00 0.14 31.1 37.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR019-11 55.00 72.00 17.00 0.27 28.0 39.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 70.00 72.00 2.00 2.13 146.7 241.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR022-11 48.00 51.00 3.00 0.15 19.6 26.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR024-11 72.00 76.00 4.00 0.06 30.6 33.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR026-11 12.00 25.00 13.00 0.23 84.6 94.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 20.00 24.00 4.00 0.64 209.5 237.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR027-11 26.00 37.00 11.00 0.04 18.6 20.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR123-11 22.00 55.00 33.00 0.36 63.2 79.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 22.00 25.00 3.00 3.56 678.5 836.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR125-11 1.00 33.00 32.00 0.52 22.9 45.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 15.00 17.00 2.00 7.27 189.5 512.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR127-11 40.00 64.00 24.00 0.80 81.9 117.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 43.00 53.00 10.00 1.75 165.2 242.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR129-11 31.00 64.00 33.00 0.78 200.9 235.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 51.00 60.00 9.00 2.63 682.8 799.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR131-11 58.00 64.00 6.00 0.20 28.5 37.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR135-11 14.00 43.00 29.00 0.34 40.9 55.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 37.00 43.00 6.00 1.39 157.1 219.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR139-11 22.00 23.00 1.00 0.11 67.7 72.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR140-11 35.00 37.00 2.00 0.16 33.3 40.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR141-11 35.00 39.00 4.00 0.12 28.7 34.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PR150-11 0.00 32.00 32.00 0.15 53.1 59.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 18.00 23.00 5.00 0.70 302.0 333.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
P362-11 127.10 140.10 13.00 0.27 25.3 37.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
P363-11 115.40 165.90 50.50 0.22 144.1 153.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 116.40 129.50 13.10 0.74 432.7 465.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
P401-11 196.50 217.05 20.55 0.16 20.2 27.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
including 211.50 216.00 4.50 0.33 56.2 70.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
P402-11 234.25 237.70 3.45 0.43 14.0 33.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i)True widths are estimated to be 85-90% of the stated interval; (ii)
Silver Eq is Silver Equivalent of gold plus silver and based upon a price
ratio of 43:1 gold to silver; "P" represents core holes, "PR" represents RC
holes



"The Marta Noroeste vein system is approximately 2,600 meters in length and is immediately northwest of two other mineralized veins named Marta Este and Marta Oeste. The vein, which is one of more than 50 veins identified to date, was drilled in the southernmost 1,500 meters of its estimated strike length, with an
additional 1,100 meters remaining to be tested. Drilling results from Marta Noroeste continue to yield large mineralized intersections of high-grade gold and silver and will be included in our mineral resource update, which is expected to be completed in the fourth quarter of 2011. This mineralization is found at both shallow depths and deeper within the system, as evidenced by holes which tested down to depths approximately 200 meters below surface," commented Ken Hicks, President of Argentex. "The Marta Vein system continues to develop into a key area of high grade gold and silver discoveries at Pinguino."

About Pinguino

Argentex's 10,000-hectare Pinguino property 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.

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. Argentex believes that recent high-grade precious metal discoveries within newly tested structures of the district scale vein system at Pinguino show potential for the development of a significant silver-gold resource.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there, sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office
located in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs.


Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo. Argentex's President and a "Qualified Person" (QP) as defined by Canada's National Instrument 43-101. Mr. Hicks is not considered "independent" of the issuer as he is part of company management.


About Argentex

Argentex Mining Corporation is an exploration company focused on the discovery of silver, gold and polymetallic deposits on its advanced exploration project portfolio in the Patagonia region of southern Argentina. In total, Argentex owns 100% of the mineral rights to more than 35 properties located within approximately 307,981 acres (124,636 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 OTCBB.


On behalf of Argentex Mining Corporation:

Ken E. Hicks, President

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include statements
such as drilling results from Marta Noroeste continue to yield large mineralized
intersections of high-grade gold and silver and will be included in our mineral
resource update, which is expected to be completed in the fourth quarter of
2011, and that recent high-grade precious metal discoveries within newly tested
structures of the district scale vein system at Pinguino show potential for the
development of a significant silver-gold resource. Actual results may differ
materially from those currently anticipated due to a number of factors beyond
the Company's control. These risks and uncertainties include, among other
things, competition for qualified personnel and risks that are inherent in
Argentex's operations including the risks that the Company may not find any
minerals in commercially feasible quantity or raise enough money to fund its
exploration plans. These and other risks are described in the Company's Annual
Report on Form 10-K and other public disclosure documents filed on the EDGAR
website maintained by the Securities and Exchange Commission and the SEDAR
website maintained by the Canadian Securities Administrators.

Argentex Closes C$10,005,000 Bought-Deal Financing

Date : 08/19/2011 @ 8:45AM
Source : MarketWire Canada
Stock : Argentex Mining Corporation (AGXM)
Quote : 0.79 0.0 (0.00%) @ 2:05AM



Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCBB:AGXMF) is pleased to announce that it has closed its
previously announced "bought-deal" offering of 8,700,000 units (the "Units") at
a price of C$1.15 per Unit (the "Offering Price"), for aggregate gross proceeds
of C$10,005,000 (the "Offering"). Each Unit consists of one common share in the
capital of the Company (each a "Common Share") and one-half of one
non-transferable common share purchase warrant (each whole common share purchase
warrant, a "Warrant"). Each Warrant entitles the holder to purchase one
additional Common Share for C$1.60 at any time until 5:00 p.m. (Vancouver time)
on August 19, 2013 (the "Expiry Date").


The Units were sold pursuant to an underwriting agreement with a syndicate of
underwriters led by GMP Securities L.P. and including Haywood Securities Inc.,
Byron Capital Markets Ltd and Casimir Capital Ltd. (collectively, the
"Underwriters"). Pursuant to the underwriting agreement, Argentex granted to the
Underwriters an over-allotment option to purchase up to an additional 1,305,000
Units at the Offering Price and/or up to an additional 652,500 Warrants, or any
combination thereof, to cover over-allotments, if any, and for market
stabilization purposes. This over-allotment option may be exercised in whole or
in part at any time until 5:00 p.m. (Vancouver time) on September 19, 2011. If
the over-allotment option is exercised in full for additional Units only,
Argentex would raise additional aggregate proceeds of approximately C$1,500,750.


As compensation for their services in connection with the Offering, Argentex has
paid to the Underwriters a cash commission equal to six percent of the gross
proceeds of the Offering and it has issued to the Underwriters an aggregate
number of Broker Warrants equal to six percent of the number of Units sold in
the Offering. Each Broker Warrant entitles the holder to purchase one Unit at
the Offering Price until the Expiry Date.


The Units were offered by way of a short form prospectus filed in all of the
Provinces of Canada, other than Quebec. The Units were not registered under the
U.S. Securities Act of 1933, as amended (the "1933 Act"), and no Units were
offered or sold in the United States or to any U.S. Persons (as that term is
defined in Rule 902 of Regulation S, promulgated under the 1933 Act). The
additional securities issuable upon exercise of the over-allotment option have
not been registered under the 1933 Act, and may not be offered or sold in the
United States or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption from the registration requirements.


The Company plans to use the net proceeds from the Offering to advance the
ongoing exploration programs at its exploration properties in the Patagonia
region of Argentina, including the Company's Pinguino property, and for general
working capital and corporate purposes.


About Argentex:

Argentex Mining Corporation is an exploration company focused on the discovery
of silver, gold and polymetallic deposits on its advanced exploration project
portfolio in the Patagonia region of southern Argentina. In total, Argentex owns
100% of the mineral rights to more than 35 properties located within
approximately 307,981 acres (124,636 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 OTCBB.


On behalf of Argentex Mining Corporation:

Ken E. Hicks, President

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include those
concerning Argentex's planned use of the net proceeds of the Offering to fund
exploration programs at its mineral properties in the Patagonia region of
Argentina, for working capital and for general corporate purposes. Actual
results may differ materially from those currently anticipated due to a number
of factors beyond the Company's control. These risks and uncertainties include,
among other things, market factors and risks that are inherent in Argentex's
operations including the risk that the Company may not find any minerals in
commercially feasible quantity or raise funds sufficient to prosecute its
exploration plans. These and other risks are described in the Company's final
short form prospectus filed in connection with the Offering, the Company's
Annual Report on Form 10-K and other filings with the Securities and Exchange
Commission, which can be found on SEDAR.

Argentex Announces New Trading Symbol "AGXMF" on OTCBB
Date : 06/27/2011 @ 9:28AM
Source : MarketWire Canada


Argentex Announces New Trading Symbol "AGXMF" on OTCBB

Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCBB:AGXMF) advises that as a result of its redomicile into the
Province of British Columbia, which was previously announced on June 13, 2011,
it is has become a foreign private issuer in the United States. Effective today,
its trading symbol on the OTCBB has been changed from AGXM to AGXMF.


About Argentex:

Argentex Mining Corporation is an exploration company focused on the discovery
of silver, gold and polymetallic deposits on its advanced late-stage exploration
projects in the Patagonia region of southern Argentina. In total, Argentex owns
100% of the mineral rights to more than 35 projects located within approximately
307,981 acres (124,636 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 on the OTCBB under the symbol AGXMF.


On behalf of Argentex Mining Corporation:

Ken E. Hicks, President

Argentex Intersects 4.0 Meters Grading 965 g/t Ag and 3.23 g/t Au at its 100%-Owned Pinguino Silver/Gold Project in Santa Cruz,
Argentex Mining Corp (OTCBB:AGXM)
Date : 03/28/2011 @ 10:11AM
Source : PR Newswire

Argentex Mining Corporation ("Argentex" or "the Company") (TSXV: ATX) (OTCBB: AGXM) is pleased to announce the first drilling results of its 2011 exploration program at its 100%-owned Pinguino Project, located in the mining friendly Santa Cruz Province of Argentina.

The primary purpose of the 2011 exploration program, which includes a 17,000-meter drill program and a 12,000-meter trenching program, is to test known existing structures at a shallow depth to expand the current silver and gold resource at Pinguino. The Marta Noroeste vein is the first target to be tested within a 420-meter zone along a mineralized zone totaling approximately 1,500 meters in strike length. Drilling continues to return excellent grades and the highest to date within the structure, including 4.0 meters grading 965 g/t Ag and 3.23 g/t Au.

The following table displays selected analytical results from a total of 7 percussion (RC) holes from Marta Noroeste. All of the holes in the table intersected oxidized gold and silver mineralization at shallow levels below surface. A map of drill hole collars is available at http://www.argentexmining.com/images/MNW.jpg.
Drill Hole From (m) To (m) Interval (m)*1 Gold (g/t) Silver g/t
PR14-11 Including 0.00 5.00 32.00 6.00 32.00 1.00 0.07 1.02 41.7 659.0
PR16-11 23.00 24.00 1.00 0.02 8.6
PR18-11 Including 23.00 26.00 42.00 27.00 19.0 1.00 0.17 2.18 39.3 692.0
PR20-11 Including 24.00 26.00 32.00 29.00 8.00 3.00 0.32 0.36 105.9 214.3
PR21-11 Including 118.00 124.00 125.00 125.00 7.00 1.00 0.28 1.40 51.0 274.0
PR23-11 Including 19.00 23.00 28.00 27.00 9.00 4.00 1.97 3.23 473.0 965.0
PR28-11 18.00 41.00 20.00 44.00 2.00 3.00 0.33 0.28 67.5 46.4

*1True widths are estimated to be 85-90% of the stated core length

"These intersections on Marta Noroeste continue to highlight the presence of a significant mineralized silver and gold system, and represent another successful milestone in showcasing the potential of the exploration camp. Our experienced technical team, led by technical advisor Diego Guido, PhD, continues to identify a precious metals vein swarm consisting of 51+ veins over an approximate strike length of 75+ line-kilometers to date, making this one of the largest discoveries to date on the Tranquilo Trend, second only to the world-class Cerro Vanguardia mine (Anglo Ashanti) located to the south east. With the recent announcement of a positive Preliminary Economic Assessment ("PEA"), based on only a small portion of the Pinguino project, we believe that we are making significant progress in advancing the deposit to development stage," commented Ken Hicks, President of Argentex. "Marta Noroeste is the first of more than 13 separate structures targeted in this program and we continue to be encouraged by these results, and look forward to reviewing additional data over the ensuing months from the 17,000-meter drill program".

Initial drilling in 2011, together with a trenching survey, identified three shoots developing along the Marta Noroeste vein. The Central shoot, which was identified by previous drilling in 2010, has increased in the 2011 drilling to date, and remains open in all directions. The North shoot, discovered by the current 2011 drill program (hole PR14-11 that reports 1 m @ 1.02 g/t Au and 659 g/t Ag), remains open to the north. The South shoot, discovered by trenches (MNW-08-10 that reports 13.6 m @ 0.53 g/t Au and 32 g/t Ag), remains open in all directions and will be drill tested in the 2011 program. Of interest, the Marta Noroeste shoot develops down to 80 meters below surface, which is deeper than the average 50 meters deep oxidation limit on other shoots on the property.

Of the 17,000 meters planned for the first half of 2011, a total of 106 reverse circulation ("RC") drill holes, covering 7,300 meters, have been completed with the first drill rig at the Pinguino property. The second rig recently added at Pinguino has completed 12 diamond drill holes for a total of 1,720 meters to date.

About Pinguino

Argentex's Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. Argentex believes that recent high-grade silver discoveries within newly tested structures of the district scale vein system at Pinguino show potential for the development of a significant silver resource.

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.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there, sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo. Argentex's President and a "Qualified Person" (QP) as defined by Canada's National Instrument 43-101.

About Argentex:

Argentex Mining Corporation is an exploration company focused on the discovery of silver, gold and polymetallic deposits on its advanced late-stage exploration projects in the Patagonia region of southern Argentina.

In 2011, through an extensive targeted exploration program, Argentex is currently advancing its highly prospective projects, focusing primarily on its 100%-controlled Pinguino project, located in Santa Cruz province. An early 2011 drill program of approximately 17,000 meters is underway at Pinguino, where Argentex plans to drill test the extents of previously identified high-grade silver targets discovered in 2010. More than 9,000 meters of the proposed 17,000-meter program have been completed to date. The new discoveries being drill tested include the Tranquilo and Luna veins at Pinguino, which returned high-grade results in previous drill programs, including 6.0 meters of over 2,428 g/t silver and 0.22 g/t gold and 6.4 meters of 486.6 g/t silver and 1.91 g/t gold. More than 51 individual veins have so far been discovered at Pinguino, with a combined strike length in excess of 75 line-kilometers. Only a small percentage of veins and potential targets have been drill tested in the 42,300 meters of drilling completed at Pinguino to date.

Argentex's 10,000-hectare Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. 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.

In total, Argentex owns 100% of the mineral rights to more than 35 projects located within approximately 307,981 acres (124,636 hectares) of highly prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and on the OTCBB under the symbol AGXM.

On behalf of Argentex Mining Corporation:

"Ken E. Hicks" President

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about the company's anticipation that the proposed program test known existing structures at a shallow depth to expand the current silver and gold resource at Pinguino and test the limits of recent high-grade silver targets discovered in 2010, its belief that it is making significant progress in advancing the deposit to development stage and its belief that recent high-grade silver discoveries within newly tested structures of the district scale vein system at Pinguino show potential for the development of a significant silver resource. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.





SOURCE Argentex Mining Corporation

Argentex Mining Corp (AGXM)
1.41 up 0.12 (9.30%)
Volume: 499,528 @ 4:07:12 PM ET

Legit stock and company here. I'll pick it up at $1

Argentex provides update on silver-gold exploration activities in Santa Cruz, Argentina


Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update of its exploration activities from its three most advanced mineral properties in the prospective Deseado Massif region of Santa Cruz province, Patagonia, Argentina. The Pinguino, Cerro Contreras and Condor properties are the current focus of advanced exploration activities.

Pinguino Silver Project

In preparation for extensive new drilling scheduled to commence shortly, Argentex has completed a program of advanced exploration and drill target definition including trenching and geophysics. Approximately 275 line-kilometers of ground magnetometer surveys have been completed as well as 1,200 meters of trenching and channel sampling in key areas of precious metal mineralization.

Approximately 17,000 meters of drilling is planned in 2011 for the Pinguino property. Argentex plans to begin drill-testing the extents of previously identified high-grade silver targets. These areas include the Tranquilo and Luna veins at Pinguino, which returned high-grade results in previous drill programs, including 6.0 meters of over 2,400 g/t silver and 0.22 g/t gold and 6.4 meters of 486.6 g/t silver and 1.91 g/t gold

More than 50 individual veins have so far been discovered at Pinguino, with a combined strike length in excess of 75 line kilometers. Only a small percentage of veins and potential targets have been drill tested in the 36,000 meters of drilling completed at Pinguino to date.

"We are focusing our exploration activities on defining and expanding previously discovered silver and gold mineralization at Pinguino," said Ken Hicks, President of Argentex. "We are fortunate to have a number of high-quality projects in Santa Cruz with excellent potential for discovery. With our strong treasury and a comprehensive exploration program in progress, we look forward to an exciting year of discovery in 2011."
The Pinguino project is unique within the Deseado Massif region of Santa Cruz province with two different and geographically 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 source for the polymetallic veins exposed on surface. In December 2010, Argentex initiated a deep gradient IP geophysical test in Pinguino's core area of sulphide-rich veins.

Cerro Contreras Gold Property

Cerro Contreras is an advancing exploration-stage epithermal gold project in the northern part of the Deseado Massif. Previous sampling has identified key areas with anomalous gold mineralization. The company recently completed detailed mapping in two areas: Main Vein (2.5 km by 2 km) and NW Dome (1.2 km by 0.5 km). A comprehensive program of geochemical sampling, including soils (544), screened samples (636) and rock channels (126), has also been recently completed. In addition, approximately 60 kilometers of gradient IP geophysics was carried out on the Main Vein target with detailed ground magnetometer surveys totaling 500 line kilometers completed on both targets. Analytical data is being compiled and integrated with geophysics.

Condor Gold Property

Follow-up exploration at Condor is focused on an updated geological model based on evidence derived from previous work. This evidence points toward a model of low-grade, large-tonnage gold mineralization composed of chalcedony and sulphide-rich hydrothermal breccias within rhyolitic domes. New work included detailed mapping covering approximately 16 square kilometers with 35 rock chip samples collected. In addition, approximately 1,600 soil and lag samples were collected for geochemical analysis. Detailed mapping revealed multiple previously unrecognized breccias zones. Several of these zones contain anomalies over 0.1 g/t gold, two returned over 0.5 g/t gold and one returned 14 g/t gold. Work is continuing.

About the Deseado Massif

The Deseado Massif is an active region of mining with four precious metal mines currently in production. Advanced and early-stage exploration projects are also widespread throughout the Deseado Massif with junior, mid-tier and senior exploration companies active in the area.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by ALS Chemex (Argentina) in Mendoza, Argentina. Argentex, Acme and ALS Chemex all maintain comprehensive and independent Quality Control/Quality Assurance programs.

ABOUT ARGENTEX: Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. It holds an undivided 100% interest in the mineral rights to the Pinguino property. In total, the company owns 100% mineral rights to more than 35 properties with approximately 307,981 acres (124,636 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release and as part of company management, he is not considered independent of the issuer.

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.

FURTHER INFORMATION: Ken Hicks, President Argentex Mining Corporation 1-866-594-7687 info@argentexmining.com

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about , in preparation for extensive new drilling scheduled to commence shortly, approximately 17,000 meters of drilling is planned for the 2011 Pinguino drill program, the company plans to begin drill-testing the extents of previously identified high-grade silver targets and with our strong treasury and a comprehensive exploration program in progress, we look forward to an exciting year of discovery in 2011. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Argentex Mining signs securities purchase agreement with IFC for equity investment of $7,347,200


Argentex Mining Corporation ("Argentex") (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that it has signed a definitive agreement with IFC. IFC, a member of the World Bank
Group, has agreed to invest in a private placement for gross proceeds of Cdn$7,347,200.

"Argentex is very pleased to welcome IFC as a major stakeholder," said Ken Hicks, President of Argentex. "We look forward to working with them to ensure that continued progress at our Pinguino mineral exploration project in Argentina follows globally recognized best practices for the mineral exploration industry, the environment and for working with local communities."

Argentex intends to use the proceeds of the private placement to fund exploration and development activities at Pinguino and other properties in the Patagonia region of Argentina, as well as for working capital and general corporate purposes.

Argentex anticipates that this private placement should close in October. Closing continues to be subject to conditions, including approval by the TSX Venture Exchange.

In the private placement, IFC will purchase 10,804,706 Units (the "Units") at a price of Cdn $0.68 per Unit for gross proceeds of Cdn$7,347,200. Each Unit will consist of one common share of Argentex (each a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the purchaser to purchase one additional common share of Argentex (each a "Warrant Share") at a price of Cdn$1.14 for a period of five years after closing.

Except as specified in this press release, none of the securities to be offered or sold in this private placement have been or will be registered under the United States Securities Act of 1933, as amended (the "Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act.

Each of the Unit Shares and the Warrant Shares will be a "restricted security" under the Act and will be subject to a hold period of at least six months from the date they are issued. In addition, these securities will be subject to a hold period of four months and one day after closing under applicable Canadian securities laws and the requirements of the TSX Venture Exchange. The Warrants will also be restricted securities subject to these restrictions but, in addition, the warrants will be non-transferable by their terms during the first 30 months, subject to certain exceptions.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about Argentex's proposed use of the proceeds of the private placement and the anticipated date of closing . Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, the risk that Argentex or the nature or amount of the proposed investment will not be approved by IFC, as well as risks that are inherent in Argentex's operations including the risk that it might not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

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.

CONTACT: Ken Hicks, President, Argentex Mining Corporation, 1-866-594-7687, info@argentexmining.com

SOURCE Argentex Mining Corporation

Argentex drills bonanza silver intersection at Pinguino: 6.0 meters of 2,428 g/t silver on Tranquilo Trend

Date : 09/13/2010 @ 8:30AM
Source : PR Newswire
Stock : Argentex Mining Corp (BB) (AGXM)
Quote : 0.79 -0.001 (-0.13%) @ 4:04PM


Argentex Mining Corporation's (TSX-V: ATX, OTCBB: AGXM) is pleased to release the most recent drill results from the Tranquilo vein on its wholly owned Pinguino property in Santa Cruz province, Argentina. This recent drilling, which focused on new silver-gold targets, successfully intersected the highest-grade silver mineralization ever discovered on the property.

Hole P349-10, which was drilled into the 11-kilometer long Tranquilo Trend crosscutting the Pinguino property, returned a thick intersection of high-grade silver mineralization containing 6.0 meters of 2,428 g/t silver, 0.22 g/t gold, 0.32% copper and 0.74% lead. This new mineralization was discovered at shallow depths of less than 15 meters within the oxidized zone. Holes P349-10, P348-10, P358-10 and previously published hole P323-10 together confirm a new mineralized trend containing bonanza-grade silver. This trend is in excess of 275 meters in length and remains open ended along strike and at depth.

"These are truly spectacular silver results from Tranquilo. This prominent regional Tranquilo fault remained the largest untested structure at Pinguino until commencement of our 2010 drill program," said Ken Hicks, President of Argentex. "The discovery of this type of bonanza-grade silver mineralization within such a massive structure has added a new dimension to Pinguino's potential. Tranquilo has emerged as the most significant silver discovery at Pinguino to date and we intend to focus our exploration efforts there on further expansion and definition."

Results

The following table displays selected analytical results from the Tranquilo and Luna veins, both located within the northwest Tranquilo Trend. All of the holes in the table intersected oxidized gold and silver mineralization. A map of drill hole collars is available on our web site.

-------------------------------------------------------------------------
Drill Hole From To Interval Gold Silver Copper Lead
(m) (m) (m)* (g/t) (g/t) % %
-------------------------------------------------------------------------
Vein: TRANQUILO
-------------------------------------------------------------------------
P348-10 43.15 45.05 1.90 0.15 195.9 0.22 0.28
-------------------------------------------------------------------------

-------------------------------------------------------------------------
P349-10 9.00 20.20 11.20 0.14 1315.8 0.20 0.45
-------------------------------------------------------------------------
including 9.00 15.00 6.00 0.22 2428.3 0.32 0.74
-------------------------------------------------------------------------
including 9.00 12.93 3.93 0.30 3568.8 0.37 0.95
-------------------------------------------------------------------------

-------------------------------------------------------------------------
P350-10 42.00 44.70 2.70 0.08 228.7 0.50 0.15
-------------------------------------------------------------------------

-------------------------------------------------------------------------
P353-10 36.65 43.25 6.60 0.16 229.0 0.92 3.03
-------------------------------------------------------------------------

-------------------------------------------------------------------------
P358-10 45.20 54.30 9.10 0.09 168.1 0.36 1.25
-------------------------------------------------------------------------
including 46.20 50.80 4.60 0.16 313.0 0.57 2.32
-------------------------------------------------------------------------

-------------------------------------------------------------------------
Vein: LUNA
-------------------------------------------------------------------------
P346-10 127.20 137.10 9.90 0.04 61.8 0.02 0.07
-------------------------------------------------------------------------
including 130.70 134.55 3.85 0.07 110.7 0.03 0.04
-------------------------------------------------------------------------

-------------------------------------------------------------------------
-------------------------------------------------------------------------
* True widths are estimated to be 85-90% of the stated core length

A total of 89 drill holes (P270-10 through P358-10) covering 6,224 meters have been completed at the Pinguino property as part of the 2009-10 drill program. The program was designed to drill test new precious metal targets and expand known discoveries. Drilling focused on precious metal discoveries in the Tranquilo and Luna veins, two major new silver and gold veins located within the 11-kilometer long Tranquilo Trend.

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 75 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo Trend, a major northwest structural corridor in central Santa Cruz.

Quality Assurance

Exploration samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by ALS Chemex in Mendoza, Argentina and La Serena, Chile. Argentex, Acme and ALS Chemex all maintain comprehensive and independent Quality Control/Quality Assurance programs.

ABOUT ARGENTEX:

Argentex Mining Corporation (www.argentexmining.com) is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. In total, the company owns 100% mineral rights to more than 35 properties with approximately 141,020 hectares of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina, including the Pinguino property. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release. Mr. Hicks is not considered independent of the issuer.

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.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about, "Tranquilo has emerged as the most significant silver discovery at Pinguino to date and we intend to focus our exploration efforts there on further expansion and definition." Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE Argentex Mining Corporation

http://ih.advfn.com/p.php?pid=nmona&article=44341710&symbol=NB^AGXM

Argentex drills 9.9 meters of 2.57 g/t gold near surface in Pinguino's Tranquilo Trend


Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on exploration activities at its wholly owned 10,000-hectare Pinguino property. Drilling is currently focused on expanding oxide gold and silver mineralization.

Hole P331-10, which was drilled into the Tranquilo vein, intersected a thick zone of oxidized vein breccia material containing 9.9 meters of 2.57 grams per tonne (g/t) gold and 34.5 g/t silver. This hole is located approximately 100 meters southeast of the 14.50-meter-long intersection of 116.9 g/t silver, which was reported in the company's news release dated June 15, 2010. Pinguino's Tranquilo Trend contains numerous veins, including Tranquilo and Luna.

Drilling at the Luna vein continues to define near-surface oxidized precious metal with long intersections of silver mineralization. Oxidized silver-gold discoveries are significant because, with more than 47 veins and 74 kilometers of strike length discovered on the Pinguino property to date, they could potentially contribute to a significant near-surface resource.

Also at Luna, deeper drilling at hole P346-10 has intersected a vein thickness of approximately 14.50 meters at the oxidized boundary 100 meters below surface. Hole P347-10 intersected 12.50 meters of quartz-sulphide breccia vein with visible pyrite, galena and chalcopyrite in unoxidized primary vein material 140 meters below surface. These deeper mineralized and thickening vein intersections illustrate the continuing strength of the system to depth. Results for these deeper holes are pending.

"Drilling of the Tranquilo and Luna veins along Pinguino's Tranquilo Trend continues to expand near-surface gold and silver mineralization. The precious metal grades being returned in recent drilling are multiples higher than the average silver grades published in our first resource calculation," said Ken Hicks, President of Argentex. "This validates our stated goal to further explore and define the precious metal mineralization within Pinguino's property boundaries. These results continue to enhance the potential of our Pinguino project as we await the release of our scoping study in the coming weeks."

With more than 74 line kilometers of veins discovered to date, Argentex's Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo regional fault, a major northwest structural corridor in central Santa Cruz. To date, Argentex has drilled 352 holes at Pinguino for a total of 33,559 meters.

Results

The following table displays selected analytical results from the Tranquilo and Luna veins, both located within the northwest Tranquilo Trend. The new Tranquilo hole is located approximately 100 meters southeast of hole P328-10, which is a previously published hole. This previously published hole is being included to provide context of the area's growing precious metal potential. In addition, results from four new holes drilled in the Luna vein are included. All of the holes in the table intersected oxidized gold and silver mineralization and are located in Pinguino's Tranquilo Trend. A map of drilling locations is available on our web site.

-------------------------------------------------------------------------
From To Interval Gold Silver Lead
Drill Hole (m) (m) (m)* (g/t) (g/t) %
-------------------------------------------------------------------------
Vein: TRANQUILO (approx. 100 meters southeast of P328-10, shown below)
-------------------------------------------------------------------------
P331-10 35.60 45.50 9.90 2.57 34.60 0.2
-------------------------------------------------------------------------
Vein: TRANQUILO (previously published)
--------------------------------------
-------------------------------------------------------------------------
P328-10 29.80 44.30 14.50 0.02 116.90 1.3
-------------------------------------------------------------------------

-------------------------------------------------------------------------
Vein: LUNA
-------------------------------------------------------------------------
P334-10 42.60 52.60 10.00 0.16 65.46 0.6
-------------------------------------------------------------------------
P337-10 20.90 24.50 3.60 0.20 74.84 0.7
-------------------------------------------------------------------------
P339-10 38.50 49.90 11.40 0.16 112.49 0.3
-------------------------------------------------------------------------
P344-10 70.43 72.10 1.67 0.28 127.95 0.2
-------------------------------------------------------------------------

* True widths are estimated to be 85-90% of the stated core length

A total of 86 drill holes covering 5,832 meters have been completed at the Pinguino property as part of the ongoing 2009-2010 drill program. Samples have been collected from these holes and submitted for analysis. Additional results will be published as they are received.

Drilling is currently focused on the Tranquilo and Luna veins, two major new silver and gold discoveries located within the 11-kilometer-long Tranquilo Trend.

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo Trend, a major northwest structural corridor in central Santa Cruz.

Quality Assurance

Exploration samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by ALS Chemex in Mendoza, Argentina and La Serena, Chile. Argentex, Acme and ALS Chemex all maintain comprehensive and independent Quality Control/Quality Assurance programs.

ABOUT ARGENTEX:

Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. In total, the company owns 100% mineral rights to more than 35 properties with approximately 141,020 hectares of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina, including the Pinguino property. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release. Mr. Hicks is not considered independent of the issuer.

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.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about, "oxidized silver-gold discoveries...could potentially contribute to a significant near-surface resource." Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE Argentex Mining Corporation

I know so guess what brighter guys than us sold her today LOL I kid of course get as much as you can this is 10X

Argentex discovers new silver-gold zone at Pinguino, Tranquilo Trend returns 6.40 meters of 486.6 g/t silver and 1.91 g/t gold

Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on ongoing diamond drilling and exploration activities at its wholly owned 10,000-hectare Pinguino property in the silver-gold district of Santa Cruz, Patagonia, Argentina.

As part of the ongoing drill program at Pinguino, Argentex drill tested structures that lay along the Tranquilo Trend, a major northwest regional feature crosscutting the Pinguino property. Within it, Argentex has discovered a completely new mineralized structure (Luna vein) containing wide intervals of high-grade silver mineralization with associated gold values. The new mineralized structure returned results including 6.40 meters of 486.6 grams per tonne (g/t) silver and 1.91 grams per tonne (g/t) gold.

The Luna vein is known to extend for 920 meters along strike and is currently the subject of follow-up drilling with the goal of defining and expanding the high-grade mineralization. Drilling also tested structures along the Marta Trend, which contains the high-grade silver Marta Norte vein.

"We are excited to have discovered mineralization in the very first holes drilled into the Tranquilo Trend, which crosscuts 11 kilometers of the Pinguino property. Not only is the structure mineralized along a considerable length, it also contains wide intervals of high-grade silver-gold mineralization such as we have intersected in the Luna vein," said Ken Hicks, President of Argentex. "The Luna discovery is a great incentive to increase our exploration efforts in interpreting the local geology and targeting high-grade silver-gold mineralization along the Tranquilo Trend. We expect that this new discovery within a major property-scale structure could provide a significant boost to Pinguino's overall precious metal potential."

With more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo regional fault, a major northwest structural corridor in central Santa Cruz. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.

Results

The following table displays selected analytical results for 19 new holes from the company's 2009-2010 drill program. The holes are located along two of the Pinguino property's major trends, the Tranquilo Trend (14 holes) and the Marta Trend (5 holes). Tranquilo has so far tested in only selected areas along its 11 kilometer length. Each of the veins listed in the table below are annotated as to their general spatial location within each trend as to northern, central or southern. A map showing drilling zones is available on the company's web site: http://www.argentexmining.com/fileupload/pdf/2010-06-15_Figure_1.pdf.

-------------------------------------------------------------------------
Drill Hole From To Interval Gold Silver
(m) (m) (m)* (g/t) (g/t)
-------------------------------------------------------------------------
TRANQUILO TREND (TT)
-------------------------------------------------------------------------
Area: LUNA VEIN (NORTHERN TT)
-------------------------------------------------------------------------
P301-10 17.20 18.20 1.00 0.05 128.0
-------------------------------------------------------------------------
and
-------------------------------------------------------------------------
P301-10 23.50 25.00 1.50 0.13 97.3
-------------------------------------------------------------------------
P303-10 27.30 30.00 2.70 0.10 202.3
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P303-10 29.30 30.00 0.70 0.28 429.0
-------------------------------------------------------------------------
and
-------------------------------------------------------------------------
P303-10 31.00 35.80 4.80 0.73 82.9
-------------------------------------------------------------------------
P304-10 24.30 26.80 2.50 0.52 89.0
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P304-10 25.96 26.80 0.84 0.80 139.0
-------------------------------------------------------------------------
P307-10 27.00 29.80 2.80 0.28 91.8
-------------------------------------------------------------------------
P308-10 23.90 30.30 6.40 1.91 486.6
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P308-10 24.30 28.00 3.70 3.17 725.3
-------------------------------------------------------------------------
P309-10 59.05 60.60 1.55 0.24 92.9
-------------------------------------------------------------------------
P311-10 8.80 10.10 1.30 2.43 212.3
-------------------------------------------------------------------------
and
-------------------------------------------------------------------------
P311-10 23.00 23.60 0.60 0.03 217.0
-------------------------------------------------------------------------
Area: TRANQUILO NORTE (NORTHERN TT)
-------------------------------------------------------------------------
P312-10 55.60 60.10 4.50 1.39 4.3
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P312-10 55.60 57.50 1.90 2.48 3.3
-------------------------------------------------------------------------
and including
-------------------------------------------------------------------------
P312-10 55.60 56.60 1.00 3.56 1.0
-------------------------------------------------------------------------
Area: TRANQUILO (CENTRAL TT)
-------------------------------------------------------------------------
P313-10 34.40 35.10 0.70 0.06 127.0
-------------------------------------------------------------------------
P314-10 18.20 19.70 1.50 0.92 103.5
-------------------------------------------------------------------------
P328-10 29.80 44.30 14.50 0.02 116.9
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P328-10 30.80 39.97 9.17 0.03 169.5
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P328-10 35.60 38.60 3.00 0.06 331.7
-------------------------------------------------------------------------
Area: TRANQUILO SUR (SOUTHERN TT)
-------------------------------------------------------------------------
P317-10 22.20 30.20 8.00 0.00 64.4
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P317-10 24.20 26.20 2.00 0.00 97.5
-------------------------------------------------------------------------
P317-10 73.38 75.38 2.00 0.00 84.1
-------------------------------------------------------------------------
P323-10 25.80 29.50 3.70 0.03 124.1
-------------------------------------------------------------------------
P324-10 31.15 32.10 0.95 0.00 186.6
-------------------------------------------------------------------------
MARTA TREND (MT)
-------------------------------------------------------------------------
Area: ISLA (NORTHERN MT)
-------------------------------------------------------------------------
P285-10 34.77 35.80 1.03 1.28 205.0
-------------------------------------------------------------------------
Area: MARTA NOROESTE (CENTRAL MT)
-------------------------------------------------------------------------
P290-10 32.60 35.40 2.80 0.68 138.3
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P290-10 34.60 35.40 0.80 2.22 412.0
-------------------------------------------------------------------------
Area: FANTASMA (NORTHERN MT)
-------------------------------------------------------------------------
P305-10 28.30 30.15 1.85 0.23 85.5
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
P305-10 29.30 29.60 0.30 0.65 368.0
-------------------------------------------------------------------------
P318-10 35.20 35.60 0.40 1.24 128.0
-------------------------------------------------------------------------
Area: MARTA NORTE (NORTHERN MT)
-------------------------------------------------------------------------
P321-10 34.50 35.80 1.30 0.61 96.8
-------------------------------------------------------------------------
P321-10 45.30 46.00 0.70 0.53 196.0
-------------------------------------------------------------------------
*True widths are estimated to be 85-90% of the stated core length

In addition to the silver and gold values presented in the results chart above, hole P314 returned 4.26% copper over a 1.5-meter width. Significantly, this is the highest copper grade discovered to date at Pinguino and will be interpreted within the local and regional geology for future high-grade copper potential.

A total of 64 drill holes covering 3,933 meters have now been completed at Pinguino as part of the 2009-2010 program. Samples have been collected from these holes and submitted for analysis. Additional results will be published as they are received.

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo Trend, a major northwest structural corridor in central Santa Cruz.

Mineralization at Pinguino is unique in the region, containing silver-indium-zinc-lead-gold in multiple zones that remain open-ended along strike and to depth. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.

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.

Quality Assurance

Exploration samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by ALS Chemex in Mendoza, Argentina and La Serena, Chile. Argentex, Acme and ALS Chemex all maintain comprehensive and independent Quality Control/Quality Assurance programs.

ABOUT ARGENTEX:

Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. In total, the company owns 100% mineral rights to more than 35 properties with approximately 141,020 hectares of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina, including the Pinguino property. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release. Mr. Hicks is not considered independent of the issuer.

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.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about the Company's expectation that the new discovery could provide a significant boost to Pinguino's overall precious metal potential. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

CONTACT: Ken Hicks, President, Argentex Mining Corporation, 1-866-594-7687, info@argentexmining.com

SOURCE Argentex Mining Corporation

I been saying that to the freakin moon she worth 10 x vs current px.

Chart - Weekly / Daily @0.69
Argentex Mining Corporation (TSX-V: ATX; OTCBB: AGXM)
http://www.argentexmining.com/

Dude what can I say she should be 6.70 in price I think mkt stupid so I buying I jumped that silly .64 offer by 5 k and it backed off we be over .80 in month i betcha. Tho current px is stupid this may be the biggest winner to ever come down the pike IMVHO. I own 48k AGXM about .71 avg thats sweet. Those filthy rich silver and gold veins are popping up everywhere and we sposed to be after indium. Have I died and ascended to heaven?

Indium Price Supported by LCD Demand and New Uses for the Metal -


http://geology.com/articles/indium.shtml

I know its a monster and has Indium but why trade at .67 sb 6.70

Argentex: Excellent recovery of gold and silver from preliminary metallurgical testing on Pinguino

PR Newswire

VANCOUVER, May 25

VANCOUVER, May 25 /PRNewswire-FirstCall/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce results from its preliminary metallurgical testing program. This is part of the company's ongoing Preliminary Economic Assessment (scoping study) of the Pinguino project, which is scheduled for completion at the end of the current quarter.

"We are encouraged by the results of these preliminary metallurgical tests as they are the first indication of potential recoveries at Pinguino," said Ken Hicks, President of Argentex. "We view these results as a positive step in our efforts to advance the Pinguino project as we continue working to determine the economic viability of the deposit."

Two different types of mineralization believed to be representative of the mineralization at Pinguino were selected for study: oxide precious metal and primary polymetallic sulphide. Independent engineering and metallurgical specialists developed and implemented test programs carried out at an independent laboratory.

Results

Gold extraction by cyanide leaching of samples of oxide ore from three mineralized zones were high, ranging from approximately 95 to 98 percent. Silver extractions ranged between 74 and 96 percent. The three samples tested had gold feed grades ranging from 0.34 to approximately 14 grams per tonne (g/t). The silver contents in the feed ranged from approximately 260 to 726 g/t. The proportion of feed gold, which reported to the pan concentrate, was variable but quite high for Marta Este and Marta Norte. On average approximately 65 percent of the feed gold was recovered to the pan concentrate for the Marta Este composite. Each sample was tested at a target primary grind for particle sizing of 100 and 150 microns K80, which is a relatively coarse grind.

Sulphide mineralization was tested with a selected sample from Marta Centro, the largest polymetallic vein discovered to date on the Pinguino property. Recoveries of lead and zinc were favourable with more than 90 percent recoveries to their respective concentrates and 60 percent of silver reporting to the lead concentrate. The sample was ground to a nominal 102 microns K80.

Indium assays remain to be completed and are in process now.

Scope of work for preliminary metallurgical testing at Pinguino

The scope of work for the oxide precious metal group involved chemical and mineral scope analyses and metallurgical testing on composite samples from three mineralized zones that are believed to be representative end members of mineralization at the Pinguino project. The zones that were represented by the samples tested were identified as Marta Norte, Marta Noroeste and Marta Este. These mineralized zones were considered as essentially being precious metal targets with low sulphur and elevated precious metal contents.

Polymetallic sulphide work consisted of a standard two product preliminary rougher flotation focused on a sample of high-grade sulphide-rich material from the Marta Centro vein, which represents the largest and thickest polymetallic silver-zinc-lead vein discovered at Pinguino to date.

Preliminary flowsheets to determine appropriate process parameters based on the metallurgical test work have been developed for each type of mineralization.

Metallurgical test work is being conducted by independent contractor G&T Metallurgical Services Ltd. of Kamloops, British Columbia, Canada, specialists in metallurgical testing and analytical services. Metallurgical work is being supervised by John Thomas, Ph.D., technical expert, and Robert J. Morris, M.Sc., P.Geo., through general engineering contractor Moose Mountain Technical Services. Mr. Morris is an independent Qualified Person as defined by Canada's National Instrument 43-101. The test data will be used by Moose Mountain Technical Services to develop a preliminary process flowsheet, to identify further testing requirements, and to develop capital and operating costs for the scoping study that is scheduled to be completed in the current quarter. The results of the forthcoming PEA and details of this metallurgical testing are required to be reported in a NI 43-101-compliant technical report 45 days after completion.

Readers are cautioned that this information is preliminary in nature and deals with a limited number of selected samples, though the Company believes them to be representative samples. As the project advances, more extensive metallurgical testing and engineering work would be required as part of a more in-depth evaluation.

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo trend, a major northwest structural corridor in central Santa Cruz.

Mineralization at Pinguino is unique in the region, containing silver-indium-zinc-lead-gold in multiple zones that remain open-ended along strike and to depth. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.

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.

Quality Assurance

Exploration samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by ALS Chemex in Mendoza, Argentina and La Serena, Chile. Argentex, Acme and ALS Chemex all maintain comprehensive and independent Quality Control/Quality Assurance programs.

G&T Metallurgical Services Ltd. of Kamloops, British Columbia, Canada, are specialists in metallurgical testing and analytical services. The company was incorporated in Kamloops B.C. in 1990, constructing a modern and well-equipped mineral processing research and development complex. They offer a wide range of services assisting major to junior mining companies including sample preparation, mineral processing testing, mineralogical/modal analysis and chemical analysis.

ABOUT ARGENTEX:

Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. In total, the company owns 100% mineral rights to more than 35 properties with approximately 141,020 hectares of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina, including the Pinguino property. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Qualified Persons

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release. Mr. Hicks is not considered independent of the issuer. Robert J. Morris, M.Sc., P.Geo., through general engineering contractor Moose Mountain Technical Services, is an independent Qualified Person as defined by Canada's National Instrument 43-101. Mr. Morris has read and approved the contents of this release.

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.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this press release include the Company's anticipation that the Preliminary Scoping Study of the Pinguino project will be completed on schedule at the end of the current quarter. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE Argentex Mining Corporation

I thought the news yesterday on silver by product was very bullish. Remember we are there for Indium but all kinds of silver and gold veins ococcuring in zone THIS IS A 10 BAGGER.
Repeat:

Argentex silver footprint grows at Pinguino; Trenches 1.72 meters of 487 g/t silver in new veinFont size: A | A | A9:00 AM ET 5/5/10 | PR Newswire
Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on ongoing exploration activities at its Pinguino property in the silver-gold district of Santa Cruz, Patagonia, Argentina.

The northwestern corner of the 10,000-hectare Pinguino property continues to yield new precious metal vein discoveries and excellent results from trenching. The latest results received are from the Luna vein. Results include high-grade silver of 487 grams per tonne over a width of 1.72 meters contained within a larger zone of 6.3 meters averaging 169.9 g/t silver.

"Our silver-gold mineralization footprint continues to expand in this prospective area of the Pinguino project," said Ken Hicks, President of Argentex. "Soil sampling, prospecting, trenching and follow-up drill testing have been very effective in defining new precious metal veins, adding to the inventory of known mineralized veins at Pinguino."

Results

The following table displays select analytical results for trenching during the company's 2009-2010 work program. All of the trenches are located at the northwest corner of Pinguino in the general vicinity of the Marta Norte zone. A location map showing the drilling and trenching zones is available on our web site: http://www.argentexmining.com/fileupload/pdf/Pinguino_Drilling_Zones.pdf.

View data
-------------------------------------------------------------------------
Start Finish Length Gold Silver
Trench (m) (m) (m) (g/t) (g/t)
-------------------------------------------------------------------------
Area: Luna and vicinity
-------------------------------------------------------------------------
LUN 09-10 31.20 33.00 1.80 1.72 487.0
-------------------------------------------------------------------------
within 26.70 33.00 6.30 0.50 169.9
-------------------------------------------------------------------------
LUN 10-10 31.50 32.00 0.50 0.35 104.0
-------------------------------------------------------------------------
LUN 10-10 42.60 44.80 2.20 0.12 100.6
-------------------------------------------------------------------------
LUN 12-10 17.00 19.50 2.50 0.33 97.6
-------------------------------------------------------------------------
LUN 15-10 21.00 24.00 3.00 0.13 114.0
-------------------------------------------------------------------------
FAN 02-10 19.70 21.20 1.50 0.38 98.1
-------------------------------------------------------------------------
FAN 04-10 16.60 23.60 7.00 0.38 116.8
-------------------------------------------------------------------------
FAN 07-10 9.40 10.10 0.70 0.08 38.7
-------------------------------------------------------------------------
TR 130-10 47.50 49.50 2.00 0.04 72.3
-------------------------------------------------------------------------
TR 143-10 15.00 21.00 6.00 0.01 81.7
-------------------------------------------------------------------------
TR 143-10 18.00 21.00 3.00 0.01 134.3
-------------------------------------------------------------------------
MN 01-10 4.50 8.70 4.20 1.09 12.7
-------------------------------------------------------------------------
ISL 02-10 8.20 10.00 1.80 1.03 313.8
-------------------------------------------------------------------------
ISL 03-10 6.80 7.60 0.80 0.72 126.0
-------------------------------------------------------------------------
ISL 18-10 3.60 4.60 1.00 0.89 6.2
-------------------------------------------------------------------------



------------------------------------------------------------------------- Start Finish Length Gold Silver Trench (m) (m) (m) (g/t) (g/t) ------------------------------------------------------------------------- Area: Luna and vicinity ------------------------------------------------------------------------- LUN 09-10 31.20 33.00 1.80 1.72 487.0 ------------------------------------------------------------------------- within 26.70 33.00 6.30 0.50 169.9 ------------------------------------------------------------------------- LUN 10-10 31.50 32.00 0.50 0.35 104.0 ------------------------------------------------------------------------- LUN 10-10 42.60 44.80 2.20 0.12 100.6 ------------------------------------------------------------------------- LUN 12-10 17.00 19.50 2.50 0.33 97.6 ------------------------------------------------------------------------- LUN 15-10 21.00 24.00 3.00 0.13 114.0 ------------------------------------------------------------------------- FAN 02-10 19.70 21.20 1.50 0.38 98.1 ------------------------------------------------------------------------- FAN 04-10 16.60 23.60 7.00 0.38 116.8 ------------------------------------------------------------------------- FAN 07-10 9.40 10.10 0.70 0.08 38.7 ------------------------------------------------------------------------- TR 130-10 47.50 49.50 2.00 0.04 72.3 ------------------------------------------------------------------------- TR 143-10 15.00 21.00 6.00 0.01 81.7 ------------------------------------------------------------------------- TR 143-10 18.00 21.00 3.00 0.01 134.3 ------------------------------------------------------------------------- MN 01-10 4.50 8.70 4.20 1.09 12.7 ------------------------------------------------------------------------- ISL 02-10 8.20 10.00 1.80 1.03 313.8 ------------------------------------------------------------------------- ISL 03-10 6.80 7.60 0.80 0.72 126.0 ------------------------------------------------------------------------- ISL 18-10 3.60 4.60 1.00 0.89 6.2 -------------------------------------------------------------------------

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 74 line kilometers of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo trend, a major northwest structural corridor in central Santa Cruz.

Mineralization at Pinguino is unique in the region, containing silver-indium-zinc-lead-gold in multiple zones that remain open-ended along strike and to depth. To date, Argentex has drilled 333 holes at Pinguino for a total of 33,559 meters.

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 majority of mineralized zones at Pinguino lie along the strike of the northwest-trending Tranquilo trend, which is a dominant northwest trending regional fault structure cutting across the approximately 10,000-hectare property.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs

Hola amigos I been totally distracted elsewhere but do note new mining samples were reported that were quite sweet. This is the real deal and bound for a double within 1 year or my name is Joe.

Argentex samples 59 g/t gold at Condor; drill tests multiple targets at Pinguino, Santa Cruz, ArgentinaFont size: A | A | A9:00 AM ET 3/24/10 | PR Newswire
Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on its ongoing exploration activities in the silver-gold district of Santa Cruz, Argentina.

Pinguino Drilling

The focus of 2009-2010 drilling at the company's flagship Pinguino property has expanded beyond the core zone of indium-rich silver-zinc-lead mineralization to test the adjacent silver-gold veins. Initial drilling results included a number of high-grade silver intersections, including 3.06 meters (10 feet) of 836.6 g/t silver for the first drilled target. Drilling is ongoing.

A total of 50 drill holes covering 2,736 meters (8,976 feet) have been completed to date at the Pinguino property. This includes 14 drill holes covering 989 meters (3,244 feet) at Marta Norte, 16 holes covering 1,052 meters (3,451 feet) on the Tranquilo fault, 9 holes on the Luna veins for 505 meters (1,656 feet) and 5 other holes on various targets. Samples have been collected from these holes and submitted for analysis. Results will be published as they are received.

Simultaneous with the drilling of new veins at Pinguino, Argentex continues to conduct detailed prospecting and geological mapping, resulting in the discovery of additional new epithermal veins. These new discoveries occur parallel to the Marta Norte vein, the most silver-rich area discovered at Pinguino to date. This continues to reinforce management's belief that the Pinguino vein system is the largest undeveloped vein system in Santa Cruz province. All of the drilled veins at Pinguino remain open along strike and at depth.

"Silver and gold mineralization is the primary focus of our current exploration program in this very prospective district in Santa Cruz. With an extensive land portfolio, we have no shortage of good targets to test," said Ken Hicks, President of Argentex. "Our early acquisition of high-quality properties in Santa Cruz is a solid foundation from which to grow the company organically without expensive joint venture or purchase agreements."

Grab samples return up to 59 g/t gold at Condor

Concurrent with ongoing work at Pinguino, Argentex has been carrying out target-definition exploration on the drill-ready gold Condor property. Detailed ground magnetometry and 3D IP surveys have been completed in addition to mapping and rock chip sampling.

Recently completed detailed exploration at Condor's El aguila vein area included 16 grab samples ranging in value from 0.25 g/t gold to 59 g/t gold (0.008 oz/t to 1.897 oz/t gold) within an area of approximately 2,000 meters (6,560 feet) by 250 meters (820 feet). Multiple parallel and conjugate veins were encountered in this vein swarm. The extent of these mineralized samples represents a potential 400% increase from the previously determined estimate of 400 meters (1,312 feet) of strike length. The highest values come from an outcrop displaying visible gold in ginguro bands (fine black disseminated sulphides).

Detailed mapping at Condor has also discovered multiple occurrences of silicified travertine and other "shallow" epithermal features, suggesting a paleo hot spring environment. More work is needed to fully evaluate these targets at depth, but considering the classic epithermal model, the company believes that this sinter represents the highest level of the system and therefore has potential to preserve precious metal mineralization below the surface.

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. With more than 74 line kilometers (46 line miles) of veins discovered to date, the Pinguino property is host to the largest known undeveloped vein system in Santa Cruz province after the developed AngloGold Ashanti Cerro Vanguardia mine. Both vein systems fall within the Tranquilo trend, a major northwest structural corridor in central Santa Cruz.

Mineralization at Pinguino is unique in the region, containing silver-indium-zinc-lead-gold in multiple zones that remain open-ended along strike and to depth. Although more than 47 veins have been mapped on the property to date (with vein widths ranging from under one meter to more than 10 meters), only 15 of these veins have been tested by drilling. To date, Argentex has drilled 319 holes at Pinguino for a total of 32,736 meters (107,401 feet).

Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.

The majority of mineralized zones at Pinguino lie along the strike of the northwest-trending Tranquilo trend, which is a dominant northwest trending regional fault structure cutting across the approximately 24,710-acre (10,000-hectare) property.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs.

ABOUT ARGENTEX:

Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. In total, the company owns 100% mineral rights to more than 35 properties with approximately 307,981 acres (124,636 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina, including the Pinguino property. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release. Mr. Hicks is not considered independent of the issuer.

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.

Reopened long here today at .69 I love rare earth and been a player here before. Cheers.

Argentex drill results reveal silver-rich grades at Pinguino:

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26346752

I'm new here, but don't quite understand why this stock isn't getting any more attention....anyone?

Argentex advances drill program at Pinguino, Santa Cruz

VANCOUVER, Jan. 20 /PRNewswire-FirstCall/ --

Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to provide an update on the diamond drill program currently underway on its silver-zinc-indium Pinguino property in Santa Cruz province, Argentina, where progress remains on schedule

Drilling for the 2009-2010 field season commenced in December at Pinguino's Marta Norte zone, a high-grade silver area that has previously returned promising results and that remains open along strike and at depth

A total of 14 shallow drill holes totaling 607 meters (1,991 feet) have been completed to date in the near-surface oxidation zone. Core samples have been sawn and shipped to Acme Labs for analysis with analytical results expected next month

Soil sampling as well as excavator trenching of new targets at Marta Norte is also underway. So far more than 600 soil samples have been collected. Soil geochemistry has proven to be an excellent indicator of blind or covered veins that are hidden by a thin layer of overburden common in the area. Excavator trenching is exposing more of the mineralized system and allows insitu rock sampling in preparation for drilling

"Marta Norte is one of the most promising areas to increase our existing mineral resources with additional high-grade silver mineralization," said Ken Hicks, President of Argentex. "Using detailed prospecting, geochemistry and trenching, we are finding indications of new parallel and conjugate vein targets in the Marta Norte area."

This program is expected to continue into the second quarter of 2010, after which time Argentex is planning to complete a revised mineral resource estimate. Concurrently, preliminary metallurgical testing and a scoping study (PEA) are in progress with an independent engineering firm. Argentex anticipates that the PEA and metallurgical testing should be completed in the second quarter of 2010

Visit Argentex at Mineral Exploration Roundup 2010

Argentex will be exhibiting at today's Mineral Exploration Roundup in Vancouver. Management will be on hand to provide information about Pinguino and answer questions during its display in the map tent from 9:30 am to 5:00 pm PT

Now in its 27th year, the Mineral Exploration Roundup is one of the world's largest technical mineral exploration conferences. It takes place at Vancouver's Westin Bayshore hotel

About Pinguino

Pinguino is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. Argentex discovered the unique silver-indium-zinc-lead-gold mineralization at Pinguino, has so far drilled 283 holes for a total of 30,635 meters (100,508 feet) and retains a 100% interest in the property

According to a preliminary 43-101 resource estimate, Pinguino contains 35.4 million tonnes at 4.0 oz/t (123.63 g/t) silver equivalent in the inferred category and 7.3 million tonnes at 5.5 oz/t (169.64 g/t) silver equivalent in the indicated category, with additional information available in the company's press release dated September 14, 2009

Mineralization at Pinguino is contained in multiple zones that remain open-ended along strike and to depth. More than 47 veins have been mapped on the property to date and 15 of these veins have been tested by drilling

Indium, a significant component of Argentex's polymetallic discovery at Pinguino, is used in flat-panel (LCD, plasma) displays, and in leading-edge thin-film solar cell technology

Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property

The majority of mineralized zones at Pinguino lie along the strike of the northwest-trending Tranquilo trend, which is a dominant northwest trending regional fault structure cutting across the approximately 24,710-acre (10,000-hectare) property

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs

ABOUT ARGENTEX:

Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. It holds an undivided 100% interest in the mineral rights to the Pinguino property. In total, the company owns 100% mineral rights to more than 35 properties with approximately 307,981 acres (124,636 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release and as part of company management, he is not considered independent of the issuer

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

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about the company's belief that this program is expected to continue into the second quarter of 2010, after which time Argentex is planning to complete a revised mineral resource estimate. Concurrently, preliminary metallurgical testing and a scoping study (PEA) are in progress with an independent engineering firm. Argentex anticipates that the PEA and metallurgical testing should be completed in the second quarter of 2010. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

DATASOURCE: Argentex Mining Corporation

CONTACT: Ken Hicks, President, Argentex Mining Corporation,

1-866-594-7687,

Argentex targets expansion of high-grade silver-gold and silver-zinc-indium zones at Pinguino

http://argentinamining.blogspot.com/2009/12/argentex-targets-expansion-of-high.html

VANCOUVER, Dec. 8 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) reports that it has initiated its 2009-2010 drill program on the silver-zinc-indium Pinguino property in Santa Cruz, Patagonia, Argentina.

The initial phase of the program is focused on expanding high-grade silver-gold and silver-zinc-indium targets at Pinguino, starting with diamond drilling at Marta Norte, a high-grade silver zone that has previously returned promising results and that remains open along strike and at depth.

"The level of interest in Santa Cruz province has grown substantially and exploration activity in the region has accelerated," said Ken Hicks, President of Argentex. "We are excited to be drill testing open-ended zones of silver-gold and silver-zinc-indium mineralization at Pinguino. Our initial resource estimate in September incorporated data from just nine of the 47 veins identified on the property to date. The goal of our current drill program is to upgrade the existing resource estimate through widely spaced drilling on these existing targets."


Comprehensive Drilling to Increase Pinguino Mineralization


After work at Marta Norte is complete, Argentex intends to use a combination of diamond drilling and reverse-circulation drilling to expand near-surface oxidized silver-gold mineralization and deeper sulphide mineralization at Pinguino. Widely spaced drilling is proposed along strike of zones with previous closely spaced drilling. Drilling at Pinguino in 2009-2010 is designed to test both shallow and deep areas of the mineralized system.

Major Perforaciones S.A., a division of Major Drilling Group International, has been contracted for the upcoming drill program.


Ongoing 2009-2010 Exploration on Santa Cruz Properties


Detailed mapping conducted by Argentex geologists in the last two months provides a solid geological framework of prospective ground within the Condor, Cerro Conteras, Nuevo Oro and La Leona claim blocks. Using this information, Argentex proposes to design detailed ground magnetic surveys with a higher resolution and tighter control compared with airborne surveys. Survey design is underway and magnetic anomalies derived from these surveys will be used for further drill target definition.


About Pinguino


Argentex's Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The 2006 discovery of silver-indium-zinc-lead-gold mineralization at Pinguino marked a major exploration milestone for the company. This was the first discovery of its kind in the region, unique in that it contains both silver-gold and indium-enriched base-metal mineralization. This mineralization is contained in multiple zones that remain open-ended along strike and to depth. Since 2006, exploration of base-metal-rich targets has expanded beyond the initial discoveries at Marta Centro and Yvonne and now encompasses 15 drill-tested veins from more than 47 veins mapped on the property to date. Argentex has drilled a total of 269 holes at Pinguino for a total of 30,028 meters (98,517 feet).

Indium, a significant component of Argentex's polymetallic discovery at Pinguino, is used in flat-panel (LCD, plasma) displays, and in leading-edge thin-film solar cell technology.

Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.

The majority of mineralized zones at Pinguino lie along the strike of the northwest-trending Tranquilo trend, which is a dominant northwest trending regional fault structure cutting across the approximately 24,710-acre (10,000-hectare) property.


Quality Assurance


Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs.


ABOUT ARGENTEX:


Argentex Mining Corporation is a Delaware corporation. It is a junior mining company in the exploration stage with significant holdings in the Patagonia region of Argentina. It holds an undivided 100% interest in the mineral rights to the Pinguino property. In total, the company owns 100% mineral rights to more than 35 properties with approximately 307,981 acres (124,636 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a Qualified Person as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release and as part of company management, he is not considered independent of the issuer.


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.


Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about The goal of our current drill program is to upgrade the existing resource estimate through widely spaced drilling on these existing targets." Widely spaced drilling is proposed along strike of zones with previous closely spaced drilling. Drilling at Pinguino in 2009-2010 is designed to test both shallow and deep areas of the mineralized system." Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Is this a gold miner or what? Gold going through the roof and this barely moves at all. Sure LAGGARD!!!!!!!!!!

Argentex files independent NI 43-101 mineral resource estimate:

http://ih.advfn.com/p.php?pid=nmona&article=40114877&symbol=AGXM

GLA

Sieg

Going nowhere with this volume. eom.

GLA

Sieg

Disclaimer: James L. Rapholz’s Economic Advice is an independent paid circulation newsletter. This online report is a solicitation for subscriptions.

Draper Media paid thirteen thousand, eight hundred dollars to marketing vendors, to pay for all the costs of creating and distributing this report online.

Need some volume here, should fly with buys.

GLA

Sieg

GM Burk, one of those 5 Bm's mine. been in since early May. currently undiscovered gem imo.. Z

In @ .87, going long on 5000 shrs.

With the amount of near surface silver that Argentex is within days of mining,...this should fly and BIG!

GLA


Sieg

Anyone else watching this today? This board isn't that active, but looks like AGXM is finally going forward with this mornings announcements.

NICE MOVE TODAY!!!!!!

marketologist hope you don't mine my posts. They may be old news. I recently purchased 10,000 shares. Best you & all here.

Argentex Mining Corporation Reports Additional Drill Results from the 2007-2008 Diamond Drilling Program at Flagship Pinguino Property
09:01 a.m. 12/17/2008 Provided By CapIQ


Argentex Mining Corporation (AGXM) announced additional drill results from the 2007-2008 diamond drilling program at its flagship Pinguino property in Santa Cruz, Argentina. Of significance is that these recent drill holes tested extensions to major mineralized northwest-trending veins at Marta Este and Yvonne Sur as well as a cross-cutting northeast-trending mineralized vein at Kasia. All of these veins are located in the center of the Pinguino property and are in close proximity to the regional northwest-trending Tranquilo fault. Results include a 6.51-meter (21.35-foot) intersection at Marta Este that returned 147.7 grams per tonne (g/t) silver, 8.5% combined lead-zinc and 30.6 g/t indium. To date, Argentex has mapped more than 60 kilometers (37 miles) of existing veins at Pinguino. A total of 269 holes have been drilled totaling 30,000+meters (98,000 feet) in five phases of drilling. The robust mineralized system at Pinguino remains open in all directions. Argentex anticipates completing its first-ever 43-101-compliant resource calculation for Pinguino, including compilation and interpretation of analytical drill results, in the first quarter of 2009.

Latest Argentex drill results continue to expand Pinguino's mineralized system
09:00 a.m. 12/16/2008 Provided by


VANCOUVER, Dec. 16 /CNW/ - Argentex Mining Corporation (AGXM) is pleased to announce additional drill results from the 2007-2008 diamond drilling program at its flagship Pinguino property in Santa Cruz, Argentina. Of significance is that these recent drill holes tested extensions to major mineralized northwest-trending veins at Marta Este and Yvonne Sur as well as a cross-cutting northeast-trending mineralized vein at Kasia. All of these veins are located in the center of the Pinguino property and are in close proximity to the regional northwest-trending Tranquilo fault. Results include a 6.51-meter (21.35-foot) intersection at Marta Este that returned 147.7 grams per tonne (g/t) silver, 8.5% combined lead-zinc and 30.6 g/t indium.

"We continue to receive very encouraging analytical results from Argentex's 2007-2008 exploration program," said Ken Hicks, President of Argentex. "Multiple zones of mineralization have been discovered in many of the holes drilled along the strike length of Pinguino's numerous mineralized veins. The combination of both a significant high-grade core as well as widespread disseminated mineralization adds to our confidence in the exceptional potential of the Pinguino system and strengthens management's belief in the potential for the development of a brand new silver-base metals district in Santa Cruz."

To date, Argentex has mapped more than 60 kilometers (37 miles) of existing veins at Pinguino. A total of 269 holes have been drilled totaling 30,000+ meters (98,000 feet) in five phases of drilling. The robust mineralized system at Pinguino remains open in all directions. Argentex anticipates completing its first-ever 43-101-compliant resource calculation for Pinguino, including compilation and interpretation of analytical drill results, in the first quarter of 2009.


Results


The following table displays selected analytical results for eight new holes, including five drilled in Marta Este, two at Kasia and one at Yvonne Sur.

<<
-------------------------------------------------------------------------
Drill From To Length Indium Gold Silver Lead Zinc
Hole (m) (m) (m)* (g/t) (g/t) (g/t) (%) (%)
-------------------------------------------------------------------------
Area: Marta Este
-------------------------------------------------------------------------
P227-08 152.62 162.08 9.46 24.2 0.29 127.2 2.00 4.36
-------------------------------------------------------------------------
Including
-------------------------------------------------------------------------
P227-08 155.57 162.08 6.51 30.6 0.35 147.7 2.57 5.93
-------------------------------------------------------------------------
P229-08 16.70 19.45 2.75 22.4 1.12 255.7 0.26 0.16
-------------------------------------------------------------------------
P232-08 172.20 184.70 12.50 1.5 0.21 29.8 0.36 1.62
-------------------------------------------------------------------------
And
-------------------------------------------------------------------------
P232-08 221.30 230.95 9.65 1.7 0.15 34.3 1.76 3.27
-------------------------------------------------------------------------
P233-08 215.25 220.50 5.25 1.2 0.48 32.9 0.96 2.09
-------------------------------------------------------------------------
P234-08 204.50 213.25 8.75 6.9 0.26 32.5 1.01 3.22
-------------------------------------------------------------------------
Including
-------------------------------------------------------------------------
P234-08 204.50 211.25 6.75 9.0 0.32 37.8 1.17 3.96
-------------------------------------------------------------------------
Area: Kasia
-------------------------------------------------------------------------
P242-08 41.00 45.75 4.75 16.4 0.02 30.0 0.43 2.31
-------------------------------------------------------------------------
P243-08 34.60 54.50 19.90 35.8 0.03 23.3 0.52 4.19
-------------------------------------------------------------------------
Area: Yvonne Sur
-------------------------------------------------------------------------
P252-08 43.70 63.90 20.20 4.5 0.08 18.2 0.87 2.19
-------------------------------------------------------------------------
*True widths are estimated to be 85-90% of the stated core length
>>

During the 2007-2008 exploration program, Argentex completed approximately 20,782.9 meters (68,185 feet) of HQ diamond drilling at Pinguino using two independent drill contractors. A total of 15 base-metal and precious-metal veins were tested in 151 new HQ diamond drill holes. Approximately 7,000 core samples have been collected and submitted to Acme Analytical Laboratories for analysis. Overlimit analyses of zinc, lead and silver are also pending. Additional results will be reported upon receipt and compilation.


About Pinguino


Argentex's Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The zinc-indium-lead-silver-gold-copper discovery at Pinguino in 2006 marked a major exploration milestone for the company. This was the first discovery of its kind in the region, unique in that it contains both silver-gold and indium-enriched base-metal mineralization. This mineralization is contained in multiple zones that remain open-ended along strike and to depth. Since 2006, exploration of base-metal-rich targets has expanded beyond discoveries at Marta Centro and Yvonne and now encompasses 15 drill-tested veins from more than 35 veins mapped on the property to date.

Indium, a significant component of Argentex's polymetallic discovery at Pinguino, is a high-value metal used in flat-panel (LCD, plasma) displays and in leading-edge thin-film solar cell technology.

Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.


Quality Assurance


Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs. Drilling is being conducted by Boart Longyear Connors Argentina S.A. and Major Perforaciones SA.


ABOUT ARGENTEX:


Argentex Mining Corporation (AGXM) is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. It holds an undivided 100% interest in the mineral rights to the Pinguino property. The company also owns 100% mineral rights to more than 30 properties with over 377,490 acres (152,766 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a "qualified person" as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release.


<<
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
>>

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward-looking statements in this news release include statements about "management's belief in the potential for the development of a brand new silver-base metals district in Santa Cruz." Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.



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i box needs updating

Argentex discovers new epithermal veins along Pinguino's "Tranquilo Trend"
Tuesday September 30, 9:00 am ET


VANCOUVER, Sept. 30 /PRNewswire-FirstCall/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce the discovery of nine new epithermal veins at its Plata Leon property, which is located adjacent to the company's flagship Pinguino property in Santa Cruz, Argentina. The new veins were identified during reconnaissance exploration conducted during the 2007-2008 season. Like Pinguino, Plata Leon lies along the "Tranquilo Trend," named for the prominent northwest-trending structure that Argentex believes to be an important factor in the formation of epithermal mineralization at Pinguino. Argentex is the largest holder of mineral rights along the Tranquilo Trend.
ADVERTISEMENT


"We developed the geological framework of our model for Pinguino during the early stages of exploration on the property. Since then, we have refined that model through more than 30,000 meters of diamond drilling, by expanding known mineralization and drill testing many new zones. We are now taking the next step -- using our accumulated knowledge and experience and successfully applying it on our other properties in the Deseasdo Massif," said Ken Hicks, President of Argentex. "This new discovery at Plata Leon is a testament to the strength and dedication of the entire Argentex exploration team, underscoring our confidence in our exploration model and expanding the overall potential of the Tranquilo Trend."

The topographic surface at Plata Leon is largely covered by a thin layer of overburden, which masks detailed structures and makes interpretation of geological mapping difficult. Consequently, Landsat TM7+ multispectral imagery was used to develop targets based on the Pinguino intrusive-related mineralization model. High-resolution IKONOS satellite coverage was also acquired to help define targets and for mapping purposes. Two separate clusters of vein material were discovered through detailed exploration work in the Plata Leon claim block. Prospecting in Area One revealed nine new in-situ epithermal veins exposed through the thin overburden. Area Two exploration work resulted in the discovery of large boulders of quartz-rich epithermal vein material with excellent boiling-point replacement textures (angel wings), which have yet to be traced to their source. While these boulders have not been traced to their in-situ source, they provide an excellent indicator for the formation of epithermal mineralization.

Selected grab samples from Plata Leon have been collected and submitted for analysis. Analytical results are pending and further investigation is anticipated.

"Angel wing" or "lattice" textures are formed by the replacement of platy calcite by a quartz-rich assemblage during boiling of epithermal fluids. Fluid boiling is a critical process in metal deposition in epithermal systems.

About Pinguino

Argentex's Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The zinc-indium-lead-silver-gold-copper discovery at Pinguino in 2006 marked a major exploration milestone for the company. This was the first discovery of its kind in the region, unique in that it contains both silver-gold and indium-enriched base-metal mineralization. This mineralization is contained in multiple zones that remain open-ended along strike and to depth. Since 2006, exploration of base-metal-rich targets has expanded beyond discoveries at Marta Centro and Yvonne and now encompasses 15 drill-tested veins from more than 35 veins mapped on the property to date.

Indium, a significant component of Argentex's polymetallic discovery at Pinguino, is a high-value metal used in flat-panel (LCD, plasma) displays and in leading-edge thin-film solar cell technology.

Pinguino is easily accessible, situated approximately 400 meters (1,312 feet) above sea level in low-relief topography. An existing system of all-weather roads provides year-round access to the property.

Quality Assurance

Samples selected for analysis are sent to Acme Analytical Laboratories' sample preparation lab in Mendoza, Argentina. From there sample pulps are sent to Santiago, Chile for fire assay gold analysis and to Vancouver, Canada for Group 1DX multi-element MS-ICP analysis. Samples with over-limit zinc, lead, silver and/or copper are reanalyzed using an ore-grade high detection limit 7AR analysis, also conducted in Vancouver. Acme Analytical Laboratories is an accredited ISO 9000:2001 full-service commercial laboratory with its head office in Vancouver. Referee analyses will be carried out by Alex Stewart (assayers) Argentina S.A. in Mendoza, Argentina. Argentex, Acme and Alex Stewart all maintain comprehensive and independent Quality Control/Quality Assurance programs. Drilling is being conducted by Boart Longyear Connors Argentina S.A. and Major Perforaciones SA.

ABOUT ARGENTEX:

Argentex Mining Corporation is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. It holds an undivided 100% interest in the mineral rights to the Pinguino property. The company also owns 100% mineral rights to more than 30 properties with over 377,490 acres (152,766 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina. Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and on the TSX Venture Exchange under the symbol ATX.

Exploration on the Pinguino property is being conducted under the supervision of Mr. Kenneth Hicks, P.Geo., Argentex's President and a "qualified person" as defined by Canada's National Instrument 43-101. Mr. Hicks has read and approved the contents of this release.


The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward-looking statements in this news release include statements about the "'Tranquilo Trend,' named for the prominent northwest-trending structure that Argentex believes to be an important factor in the formation of epithermal mineralization at Pinguino," and, "Using our accumulated knowledge and experience and successfully applying it on our other properties in the Deseasdo Massif," and, "This new discovery at Plata Leon is a testament to the strength and dedication of the entire Argentex exploration team, underscoring our confidence in our exploration model and expanding the overall potential of the Tranquilo Trend." Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These risks and uncertainties include, among other things, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.




--------------------------------------------------------------------------------
Source: Argentex Mining Corporation

need to tighten up the spread IMO

sounds good IMO