Argentum Receives High Grade Silver Assays From the Coyote Project Located in Jalisco, Mexico
October 20 2011 - 9:01AM
Marketwired
Argentum Silver Corp. ("Argentum" or the "Company") (TSX
VENTURE:ASL) is pleased to announce assay results from the
Company's 1053 hectare Coyote Project, located in the state of
Jalisco, Mexico. The Coyote project controls the historic San
Miguel de la Sierra mining district. The Company holds an option to
acquire 100% of the Coyote and Victoria projects from Soltoro Ltd.,
as detailed in our news release dated April 26, 2011. Exploration
crews have been exploring the project since the spring of 2011,
with programs including geologic mapping, rock chip sampling and
mapping of mine workings.
The Company has mapped dozens of epithermal low sulfidation vein
systems and stockwork zones, the majority of which occur within
seven defined belts of mineralization over an area of approximately
1.5 x 2.6 kilometres. Within the seven belts, 197 rock chip samples
have been taken to date. The majority of the samples are continuous
rock chip samples, with sample widths ranging from 0.3 metres to 10
metres. The average sample width is 1.9 metres. Twenty-six samples
reported greater than 100 g/t silver, with highlights including 2.5
mtrs @ 458 g/t Ag, 0.8 mtrs @ 423 g/t Ag, 0.8 mtrs @ 661 g/t Ag,
1.0 mtr @ 505 g/t Ag and 0.8 mtrs @ 475 g/t Ag. The global average
of the samples is 86.8 g/t Ag and 0.096 g/t Au. In addition to the
high grade veining there is excellent potential for bulk tonnage
mineralization as evidenced by wide zones of stockwork
mineralization.
The Company's current exploration programs will include
interpretation of the geophysical surveys, continued mapping and
sampling, and mechanical trenching to determine true widths and
grades of mineralization. This continuing program will lead to
identification of drill targets.
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed by Jim Robinson, the
Company's Senior Geological Consultant and Advisor, and a Qualified
Person under NI 43-101. Assays are being performed by ALS Chemex
with analytical procedures including a 33 element ICP-AES analysis
(ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays
exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or
AAS finish (OG62).
About Argentum Silver
Argentum holds the right to acquire a 100% interest in the
Lachiguiri, Silacayoapan and Nino Perdido properties, all located
in Oaxaca, Mexico, under an option agreement with Arco Resources
Corp. Argentum also has an option to earn a 100% interest from
Soltoro Ltd. in the Victoria and Coyote silver-gold projects
located in Jalisco, Mexico. For further information, please go to
www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
Warren McIntyre, President and Chief Executive Officer
Argentum Silver Corp.
This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Argentum relies upon litigation
protection for forward-looking statements.
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.
Contacts: Argentum Silver Corp. Ian Tootill Director of Investor
Relations
604.661.2110ian@argentumsilvercorp.comwww.argentumsilvercorp.com
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