Argentum Hires James Robinson to Prepare Technical Reports on Victoria and Coyote Silver-Gold Projects
03 Août 2011 - 3:15PM
Marketwired
Argentum Silver Corp. (TSX VENTURE: ASL)("Argentum" or the
"Company") announces that it has contracted with Mr. James
Robinson, an independent geologist, to author two technical reports
under National Instrument 43-101 ("NI 43-101"), on its Victoria and
Coyote properties located in the state of Jalisco, Mexico. Argentum
optioned these properties in April of 2011 from Soltoro Ltd.
Mr. Robinson is a Qualified Person under NI 43-101 who graduated
with a Bachelor of Science from Colorado College. He has over 35
years of geological experience with a particular expertise in
mineral exploration in Mexico. Mr. Robinson has previously held
positions with Caza Gold Corp. and International Northair Mines
Ltd., and was most recently managing the project generation program
for Gammon Gold Corp. Warren McIntyre, President and CEO of
Argentum, stated, "Jim brings a wealth of expertise and knowledge
on the mining industry in Mexico. His reports will help to focus
our team's efforts on both projects."
Victoria Property
The 11,105 hectare Victoria Silver-Gold Project covers a large
portion of the historic Mascota-Navidad mining district in Jalisco,
Mexico. Mining of this gold-silver district dates back to the
mid-1500's and was most active at the turn of the 19th century. A
series of north-south trending quartz veins were mined in numerous
historic high grade gold-silver mines. At the Lupita Mine, near
surface high-grade gold-silver mineralization was mined
historically over 1 to 2 metre widths at surface. High-grade veins
up to 6 metres wide at 87 metres below surface were reported in
historical data. The high-grade gold-silver veins were mined down
to a depth of 230 metres over 11 levels.
Coyote Property
The 1,053 hectare Coyote Silver-Gold Project hosts silver
mineralization with lesser gold in banded and brecciated quartz
veins. The mineralized zone extends over an area of about 2500
metres by 2000 metres. Five principal vein systems with a
cumulative strike length of at least 5 kilometres are known which
appear to be related to a set of strike slip faults and their
subsidiary dilation zones. Mineralization is known to exist over at
least a 100 metre vertical distance. Two other underground mines
are known on the property in addition to numerous smaller surface
workings. The area was placed into a Mexican National Mineral
Reserve in the 1970's and mapping and sampling was completed by the
Consejo de Recursos Minerales in the late 1970's.
Grant of Stock Options
The Company also announces the grant of incentive stock options
to certain directors, officers, employees and consultants to
purchase up to 1,475,900 common shares in the capital stock of the
Company pursuant to an approved share option plan. The options are
exercisable at a price of $0.25 per share on or before August 2,
2016, subject to the approval of the TSX Venture Exchange.
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
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 604.661.2110 ian@argentumsilvercorp.com
www.argentumsilvercorp.com
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