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ARGEX'S EAST HERVIEUX TARGET DEMONSTRATES COMPARABLE RESULTS WITH WEST HERVIEUX TARGET

12.05.2011  |  CNW

MONTREAL, May 12 /CNW/ --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/


    --  Significant new results include:
  o 60.20 m of  0.43% V(2)O(5), 65.19% Fe(2)O(3) and 19.17% TiO(2 )
  o 42.70 m of  0.41% V(2)O(5),  62.31% Fe(2)O(3) and 18.33% TiO(2 )
  o 42.00 m of  0.41% V(2)O(5),  64.78% Fe(2)O(3) and 18.45% TiO(2 )
  o 48.20 m of  0.37% V(2)O(5),  62.49% Fe(2)O(3) and 17.16% TiO(2 )
  o 47.82 m of  0.41% V(2)O(5),  64.08% Fe(2)O(3) and 18.67% TiO(2)
  o 43.83 m of  0.39% V(2)O(5),  62.66% Fe(2)O(3) and 17.38% TiO(2)
  o 43.81 m of  0.41% V(2)O(5),  62.62% Fe(2)O(3) and 18.58% TiO(2)


MONTREAL, May 12 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) reports final results intersected from drilling at the La Blache
property, East Hervieux target. Results from the drilling are being
included in a National Instrument 43-101 compliant technical report on
the mineral resource estimate for the La Blache Project currently being
completed by Met-Chem Canada Inc of Montreal, Quebec. Significant
titanium, iron and vanadium mineralization was interested in the East
Hervieux drilling.


Drilling on East Hervieux was carried out in two phases. Phase I
consisted of holes HE-10-001 to HW-10-076, a total of 77 holes.
Selected results are available in Table 1 below. A complete list of
results from East Hervieux is available at the end of this release in
Table 2.


Table 1: Selected intersections from East Hervieux


 ________________________________________________________________
|HOLE #    |From  |Length |Fe (%)|Ti (%)|V (%)|Fe2O3 |TiO2 |V2O5 |
|          |(m)   |along  |      |      |     |(%)   |(%)  |(%)  |
|          |      |core   |      |      |     |      |     |     |
|          |      |(m)    |      |      |     |      |     |     |
|__________|______|_______|______|______|_____|______|_____|_____|
|*HE-10-001|57.80 |91.20  |44.67 |11.42 |0.30 |63.87 |19.05|0.53 |
|__________|______|_______|______|______|_____|______|_____|_____|
|*HE-10-004|23.00 |43.00  |44.94 |11.17 |0.27 |64.25 |18.63|0.48 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-005 |87.00 |48.30  |41.81 |10.48 |0.21 |59.78 |17.48|0.37 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-006 |65.00 |53.00  |42.31 |10.22 |0.20 |60.49 |17.05|0.36 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-015 |58.00 |42.00  |41.66 |9.99  |0.20 |59.56 |16.66|0.36 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-017 |4.00  |47.00  |43.23 |10.62 |0.22 |61.81 |17.72|0.39 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-031 |11.50 |42.00  |45.31 |11.06 |0.23 |64.78 |18.45|0.41 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-032 |5.50  |43.00  |40.83 |10.26 |0.21 |58.37 |17.11|0.37 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-033 |59.30 |43.10  |43.81 |11.14 |0.23 |62.64 |18.58|0.41 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-036 |5.30  |53.20  |43.83 |10.42 |0.22 |62.66 |17.38|0.39 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-038 |30.40 |48.60  |42.20 |10.73 |0.20 |60.33 |17.90|0.36 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-047 |5.10  |53.40  |39.97 |9.84  |0.20 |57.15 |16.41|0.36 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-048 |67.40 |44.60  |44.82 |11.19 |0.23 |64.08 |18.67|0.41 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-055 |149.00|58.60  |36.94 |9.07  |0.18 |52.81 |15.13|0.32 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-057 |189.70|48.20  |43.71 |10.29 |0.21 |62.49 |17.16|0.37 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-057 |189.70|53.30  |41.71 |9.82  |0.20 |59.63 |16.38|0.36 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-062 |83.00 |53.70  |42.25 |10.55 |0.22 |60.40 |17.60|0.39 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-062 |74.30 |62.40  |41.07 |10.21 |0.22 |58.72 |17.03|0.39 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-063 |47.30 |60.20  |45.60 |11.49 |0.24 |65.19 |19.17|0.43 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-064 |243.00|54.50  |42.03 |10.49 |0.21 |60.09 |17.50|0.37 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-065 |246.70|47.30  |42.23 |10.26 |0.21 |60.38 |17.11|0.37 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-067 |233.20|54.70  |35.60 |8.94  |0.19 |50.90 |14.91|0.34 |
|__________|______|_______|______|______|_____|______|_____|_____|
|HE-10-070 |59.50 |42.70  |43.58 |10.99 |0.23 |62.31 |18.33|0.41 |
|__________|______|_______|______|______|_____|______|_____|_____|



*previously released, final assay


The well mineralized zone runs for a minimum 950 metres strike length,
from surface to a minimum depth of 250 metres below surface, with the
zone remaining open at depth.


'The results from the East Hervieux are complimentary to those
previously released from West Hervieux and the homogeneity of the
mineralized zones' comments Argex's President and CEO Michael Dehn.
'With the more than 10% increase in titanium dioxide prices in the
market since the start of the year, Argex is well positioned to take
advantage of the price increases with the La Blache property and the
Canadian Titanium Limited technology.'


A drill plan of the holes, as well as cross sections can be viewed at:

http://www.argex.ca/la-blache_east_hervieux.php


On the La Blache Property, the first outcrops of titaniferous magnetite
found in an anorthosite were discovered at Schmoo Lake in 1952 by Anglo-Canadian Pulp and Paper Mills Ltd., which later founded the Bersimis Mining Company. From 1951 to 1954, the Bersimis Mining Company performed airborne and ground dip-needle magnetic surveys, geological
mapping, surface sampling and assaying, as well as metallurgical
testing. Four iron lenses distributed over a distance of 15 kilometres
were identified: West Hervieux, East Hervieux, Schmoo Lake and La
Blache East. This was followed by twenty (20) exploration drill holes
done in 1964 which showed several intersections of major strength
containing more than 45% Fe and 15% TiO2.


In 2009, work carried out by Argex consisted of a helicopter-borne
survey of the La Blache Property. This 418.5-line-kilometre survey
conducted in November 2009 by Géophysics GPR International of
Longueuil, Québec, consisted of a magnetic, electromagnetic (VLF) and
spectrometric survey. Based on analysis of the survey results, Argex
decided to carry out a diamond drilling program on the showings in the
East Hervieux and West Hervieux.


A total of 20,294 metres were drilled on the La Blache Property,
including 10,936 metres on East Hervieux and 9,358 metres on West
Hervieux. The drilling campaign was aimed at confirming the historical
values of the 1964 drilling campaign. The two mineralized zones on the
La Blache Property are made up of massive titaniferous magnetite, black
in colour, with a high density of around 4.5. Greenish, semi-massive
zones are also found, likely consisting of serpentine. The host rock is
an anorthosite containing over 90% labradorite crystals and/or gabbroic
anorthosites richer in amphibolites and/or pyroxenes. The iron content
ranges from 35% to 47% Fe, titanium from 7% to 12% Ti and vanadium from
0.17% to 0.30% V.


The drill program was planned and is being supervised by Jean-Sébastien
Lavallée, P.Geo (OGQ #773), Consul-Teck Exploration Inc., of Val d'or,
Québec, Argex Mining Inc.'s consulting geologist and qualified person
since 2007, as well as reviewing and approving this release. The
drilling is being completed by Major Drilling Group International Inc,
with crews being based out of the Val d'or, Québec office. Samples were
sent for analysis in sealed containers to the Chemex laboratory in
Val-d'Or by employees of Consul-Teck Exploration Inc.  Chemex is the
laboratory used for analysis of all samples from programs on the La
Blache property.  The samples are weighed and identified prior to
sample preparation.  The samples are crushed to 70% minus 2 mm, then
separation and pulverized to 85% passing 75 μm.  All samples are
analyzed using ICP-81 (Iron-Titanium) and using ME-XRF-10 for Vanadium.


About Argex


ARGEX MINING INC. is transitioning from a titanium, iron and vanadium
explorer to a development company with projects in Quebec, Canada. The
Company is committed to its strategic plan of rapidly advancing towards
profitable production at its 100% owned La Blache deposits located near
Baie-Comeau, Quebec. For additional information please visit our
website at www.argex.ca.


Forward-Looking Statements


This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that
involve risks and uncertainties. Although the Company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurances that its expectations
will be achieved. Factors that could cause actual results to differ
materially from expectations include the effects of general economic
conditions, actions by government authorities, uncertainties associated
with contract negotiations, additional financing requirements, market
acceptance of the Company's products and competitive pressures. These
factors and others are more fully discussed in Company filings with
Canadian securities regulatory authorities.


Neither the 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.


TABLE 2: All results are drill intersections along the length of the core and
may not be representative of the true thickness. See the intersection
and results table below (all results are final):


 ____________________________________________________________________
|HOLE #    |From  |Length     |Fe (%)|Ti (%)|V (%)|Fe2O3 |TiO2 |V2O5 |
|          |      |along core |      |      |     |(%)   |(%)  |(%)  |
|          |      |(m)        |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-001|3.00  |5.40       |46.97 |11.45 |0.34 |67.16 |19.09|0.61 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-001|57.80 |91.20      |44.67 |11.42 |0.30 |63.87 |19.05|0.53 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-001|210.00|21.00      |39.96 |9.11  |0.21 |57.14 |15.19|0.38 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-001|261.00|6.00       |47.27 |11.83 |0.34 |67.58 |17.73|0.60 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-002|Hole Abandoned    |      |      |     |      |     |     |
|__________|__________________|______|______|_____|______|_____|_____|
|*HE-10-003|61.00 |6.00       |45.61 |11.47 |0.31 |65.21 |19.13|0.56 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-003|139.00|2.00       |40.05 |9.91  |0.22 |57.26 |16.43|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-004|14.00 |6.00       |36.23 |10.30 |0.17 |51.80 |17.18|0.29 |
|__________|______|___________|______|______|_____|______|_____|_____|
|*HE-10-004|23.00 |43.00      |44.94 |11.17 |0.27 |64.25 |18.63|0.48 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-005 |87.00 |48.30      |41.81 |10.48 |0.21 |59.78 |17.48|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-005 |143.45|2.00       |44.51 |11.31 |0.24 |63.64 |18.87|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-006 |65.00 |53.00      |42.31 |10.22 |0.20 |60.49 |17.05|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-006 |127.00|8.00       |40.34 |10.09 |0.22 |57.67 |16.83|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-007 |25.00 |9.50       |41.13 |10.82 |0.21 |58.80 |18.05|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-008 |89.00 |8.50       |45.98 |11.64 |0.26 |65.74 |19.42|0.46 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-009 |138.60|23.60      |44.66 |11.38 |0.24 |63.85 |18.98|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-010 |74.60 |34.20      |41.89 |10.75 |0.24 |59.89 |17.93|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-011 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-012 |86.00 |0.40       |47.80 |11.60 |0.26 |68.34 |19.35|0.46 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-013 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-014 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-015 |58.00 |42.00      |41.66 |9.99  |0.20 |59.56 |16.66|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-016 |37.00 |23.00      |38.48 |9.44  |0.20 |55.01 |15.75|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-017 |4.00  |47.00      |43.23 |10.62 |0.22 |61.81 |17.72|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-018 |68.00 |14.00      |21.21 |5.14  |0.10 |30.32 |8.57 |0.18 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-019 |23.00 |8.00       |40.89 |9.41  |0.19 |58.46 |15.70|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-019 |37.00 |10.00      |42.27 |10.93 |0.23 |60.43 |18.23|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-020 |27.00 |35.00      |33.12 |8.56  |0.19 |47.35 |14.28|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-021 |30.00 |33.00      |41.54 |10.77 |0.23 |59.39 |17.97|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-022 |88.40 |4.90       |45.01 |11.97 |0.25 |64.35 |19.97|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-023 |35.80 |9.90       |42.41 |10.94 |0.21 |60.63 |18.25|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-024 |23.30 |7.90       |40.63 |10.03 |0.21 |58.09 |16.73|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-025 |6.40  |37.80      |41.23 |10.37 |0.21 |58.95 |17.30|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-025 |51.50 |5.30       |45.09 |11.67 |0.25 |64.47 |19.47|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-026 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-027 |6.00  |25.60      |43.29 |10.97 |0.23 |61.89 |18.30|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-027 |39.20 |1.40       |24.98 |7.42  |0.15 |35.71 |12.38|0.27 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-027 |50.70 |2.30       |44.19 |11.37 |0.29 |63.18 |18.97|0.52 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-028 |5.20  |12.40      |40.55 |10.26 |0.20 |57.97 |17.11|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-029 |9.80  |1.20       |32.20 |7.64  |0.14 |46.04 |12.74|0.25 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-029 |19.90 |22.10      |44.51 |11.96 |0.24 |63.64 |19.95|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-030 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-031 |11.50 |42.00      |45.31 |11.06 |0.23 |64.78 |18.45|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-032 |5.50  |43.00      |40.83 |10.26 |0.21 |58.37 |17.11|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-032 |65.70 |1.30       |39.30 |10.60 |0.22 |56.19 |17.68|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-033 |59.30 |43.10      |43.81 |11.14 |0.23 |62.64 |18.58|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-034 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-035 |6.70  |21.00      |38.98 |10.22 |0.19 |55.73 |17.05|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-036 |5.30  |53.20      |43.83 |10.42 |0.22 |62.66 |17.38|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-037 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-038 |30.40 |48.60      |42.20 |10.73 |0.20 |60.33 |17.90|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-039 |20.70 |19.70      |46.09 |11.79 |0.24 |65.89 |19.67|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-040 |117.10|6.10       |48.03 |12.43 |0.25 |68.67 |20.73|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-041 |114.50|6.30       |48.89 |12.40 |0.26 |69.90 |20.68|0.46 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-042 |103.50|8.80       |45.73 |11.98 |0.25 |65.38 |19.98|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-043 |106.00|4.80       |45.61 |11.81 |0.22 |65.21 |19.70|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-044 |96.90 |3.30       |46.72 |11.55 |0.25 |66.80 |19.27|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-045 |94.80 |4.20       |44.33 |11.19 |0.22 |63.38 |18.67|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-046 |87.60 |2.20       |41.11 |9.06  |0.18 |58.77 |15.11|0.32 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-047 |5.10  |53.40      |39.97 |9.84  |0.20 |57.15 |16.41|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-047 |62.70 |3.50       |47.99 |11.70 |0.27 |68.61 |19.52|0.48 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-048 |67.40 |44.60      |44.82 |11.19 |0.23 |64.08 |18.67|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-049 |32.60 |38.70      |43.31 |10.85 |0.21 |61.92 |18.10|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-050 |13.60 |30.00      |45.33 |10.99 |0.23 |64.81 |18.33|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-050 |73.20 |7.30       |45.19 |12.39 |0.26 |64.61 |20.67|0.46 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-050 |91.00 |1.10       |45.50 |12.10 |0.26 |65.05 |20.18|0.46 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-051 |10.30 |3.50       |46.49 |11.95 |0.25 |66.47 |19.93|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-052 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-053 |98.90 |3.20       |46.23 |11.69 |0.23 |66.10 |19.50|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-053 |115.50|2.60       |46.83 |11.61 |0.24 |66.95 |19.37|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-054 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-055 |149.00|31.10      |42.40 |10.32 |0.20 |60.62 |17.21|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-055 |185.90|15.90      |42.39 |10.61 |0.22 |60.60 |17.70|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-055 |204.20|3.40       |43.87 |11.11 |0.23 |62.72 |18.53|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-055 |149.00|58.60      |36.94 |9.07  |0.18 |52.81 |15.13|0.32 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-056 |92.70 |34.60      |41.26 |9.79  |0.19 |58.99 |16.33|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-056 |136.70|24.00      |45.28 |11.53 |0.25 |64.74 |19.23|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-057 |189.70|48.20      |43.71 |10.29 |0.21 |62.49 |17.16|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-057 |241.00|2.00       |46.65 |11.20 |0.25 |66.70 |18.68|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-057 |189.70|53.30      |41.71 |9.82  |0.20 |59.63 |16.38|0.36 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-058 |Hole Abandoned    |      |      |     |      |     |     |
|__________|__________________|______|______|_____|______|_____|_____|
|HE-10-058A|157.40|3.70       |36.33 |7.44  |0.14 |51.94 |12.41|0.25 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-058A|164.20|23.10      |40.75 |10.39 |0.21 |58.26 |17.33|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-059 |127.00|15.10      |40.36 |8.98  |0.18 |57.70 |14.98|0.32 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-059 |152.80|7.50       |46.86 |11.51 |0.25 |67.00 |19.20|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-060 |168.70|38.10      |42.28 |10.43 |0.22 |60.45 |17.40|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-061 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-062 |74.30 |7.50       |38.03 |9.31  |0.19 |54.37 |15.53|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-062 |83.00 |53.70      |42.25 |10.55 |0.22 |60.40 |17.60|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-062 |74.30 |62.40      |41.07 |10.21 |0.22 |58.72 |17.03|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-063 |47.30 |60.20      |45.60 |11.49 |0.24 |65.19 |19.17|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-064 |243.00|54.50      |42.03 |10.49 |0.21 |60.09 |17.50|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-065 |246.70|47.30      |42.23 |10.26 |0.21 |60.38 |17.11|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-066 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-067 |233.20|15.80      |44.10 |11.14 |0.24 |63.05 |18.58|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-067 |253.00|6.90       |40.55 |10.37 |0.23 |57.97 |17.30|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-067 |264.70|23.20      |39.86 |10.00 |0.22 |56.99 |16.68|0.39 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-067 |233.20|54.70      |35.60 |8.94  |0.19 |50.90 |14.91|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-068 |165.40|30.50      |43.13 |10.94 |0.23 |61.66 |18.25|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-069 |166.30|21.00      |45.19 |11.52 |0.25 |64.61 |19.22|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |23.00 |7.30       |37.86 |9.81  |0.18 |54.13 |16.36|0.32 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |34.20 |3.20       |37.36 |9.82  |0.19 |53.41 |16.38|0.34 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |59.50 |37.90      |46.11 |11.58 |0.24 |65.92 |19.32|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |100.30|1.90       |46.69 |12.57 |0.25 |66.75 |20.97|0.45 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |23.00 |14.40      |33.18 |8.28  |0.15 |47.44 |13.81|0.27 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-070 |59.50 |42.70      |43.58 |10.99 |0.23 |62.31 |18.33|0.41 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-071 |147.00|8.00       |31.39 |10.00 |0.09 |44.88 |16.68|0.16 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-071 |196.00|3.00       |25.97 |8.71  |0.06 |37.13 |14.53|0.11 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-072 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-073 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-074 |41.10 |35.20      |45.33 |11.57 |0.24 |64.81 |19.30|0.43 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-075 |53.20 |3.60       |38.77 |9.51  |0.21 |55.43 |15.86|0.37 |
|__________|______|___________|______|______|_____|______|_____|_____|
|HE-10-076 |NSV   |           |      |      |     |      |     |     |
|__________|______|___________|______|______|_____|______|_____|_____|



*previously released, final assay


NSV - No Significant Values

To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/May2011/12/c3805.html

Michael Dehn,
President and CEO
Argex Mining Inc.
647-477-2382 
michael@avantimac.com

Or

Paradox Public relations at 514-341-0408 or 1-866-460-0408



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Kanada
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