Argentum Silver (ASL-V)
www.argentumsilvercorp.com
46 million o/s
Tightly held 71% institutional
$3.9 million (as of Mar 31, 2012)
Portfolio silver and gold projects 100% owned.
argentumsilvercorp.com
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Argentum starts second-phase drilling at Coyote
Sept 12, '12 - News Release
Argentum Silver Corp. has commenced a second-phase drilling program at its 1,053-hectare Coyote property in the state of Jalisco, Mexico. The second-phase diamond drill program is aimed at demonstrating grade and thickness continuity on the El Tajo vein as well as some scout drilling on the La Colorada and La Valenciana veins. Sixteen drill holes are planned, totalling 2,000 metres. Combined, the El Tajo and La Colorada veins have been traced for over a 900-metre strike length on surface. In addition, a new vein system called La Valenciana has been defined approximately 750 metres to the southwest of El Tajo. The La Valenciana vein system is traceable on surface for over 450 metres as a series of exposures and underground workings supported by trenching, geophysics, and soil and rock sampling.
Earlier in 2012, 12 holes were drilled on the El Tajo vein, returning highlights of 2.0 metres of 2,745 grams per tonne silver and 2.4 metres of 900 grams per tonne silver, including 1.2 metres of 1,645 grams per tonne silver. Warren McIntyre, president and chief executive officer of Argentum, stated: "The first 11 drill holes of this new program will further test the El Tajo vein and are the next stage in working towards building a future resource at Coyote. The company is focused on developing shareholder value in its portfolio of properties, with Coyote being our primary focus for the remainder of 2012."
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Sept 14, '12 - News Release
Andrew Thomson and Warren McIntyre have been appointed to Argentum Silver Corp.'s board of directors. Mr. McIntyre is Argentum's chief executive officer. Mr. Thomson is the chief executive officer of Soltoro Ltd.
Mr. Thomson is the president and chief executive officer of Soltoro Ltd., a junior mining and exploration company focused on expanding a primary silver resource at its El Rayo property in Jalisco, Mexico. He has over 20 years of experience in mining exploration throughout Mexico, Honduras and Panama. Mr. Thomson also serves as a director for Gossen Resources Ltd. and Montero Mining and Exploration Ltd.
Mr. McIntyre commented: "I am pleased to have Andrew join our board. He and his company are great supporters of Argentum and currently hold over 15 per cent of our outstanding shares. Mr. Thomson brings a wealth of experience and contacts to our team in our efforts to define and develop a resource at our Coyote property in Jalisco, Mexico." |
