Argentex Mining Corporation (AGXM.OB) announced that the company has begun utilizing a second drill ring at their polymetallic Pinguino property, located in Santa Cruz, Argentina. This rig, under contract from Major Drilling, is capable of drilling larger size cores then evident today.
Ken Hicks, President of Argentex, stated “We have made excellent progress with our first drill, completing approximately 2,200 meters (7,217 feet) in 18 holes to date. The versatility of our second drill rig should help accelerate the penetration from surface down to the mineralized zones. We plan to use its RC capabilities in the upper portions of the deepest holes to reach our target depth and then switch over to HQ core drilling within the mineralized zone. We expect that this combination should result in rapid penetration to depth, accelerating completion of the overall exploration program and lowering the overall cost of each hole.”
With the addition of a second drill, Argentex is also planning to expand the testing of targeted zones to greater depths.
During the current program, Argentex plans to test the 1,400-meter Yvonne vein, the 1,000-meter Marta Sur vein, and the Marta Este, Kia, Savary, Marta Norte and Noroeste veins. Additionally, Argentex plans to advance newly generated geophysical anomalies and surface trenching discoveries during this phase of exploration.
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