Argentex Mining Corp. (TSXV:ATX,OTCQB:AGXMF) announced that in September it plans to start resource development drilling at its Argentina-based Pingüino silver-gold project.
As quoted in the press release:
The program will consist of 3,000 metres of reverse circulation (“RC”) drilling and up to 5,000 metres of trenching to target specific known vein systems and other high-priority mineralised zones. The program is intended to help the Company continue to build on the mineral resource estimate disclosed in its news release of January 31, 2013.
Michael Brown, president and CEO of Argentex, commented:
As a result of our CDN$4.975 million strategic investment from Austral Gold Limited in July 2013, we are in a strong financial position to execute on our strategy to increase the Pinguino silver and gold resource and advance the overall development of the project.