ARGEX'S LA BLACHE ARCHAELOGICAL STUDY COMPLETED
MONTREAL, June 22, 2011 /CNW/ --
-- No archaeological, heritage or cultural sites found that may
otherwise impede development.
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
MONTREAL, June 22, 2011 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) announced today the completion of the preliminary aboriginal issues,
archaeological and sites of interest study conducted for its 100% owned
La Blache property. This study was conducted by Genivar Inc. (Genivar).
one of Canada's leading environmental engineering firms in
collaboration with the Innu of Pessamit. The proposed La Blache mine is
located on the Nitassinan of Pessamit, a territory of 255.4 km(2).
The study's purpose was to identify the location of any archaeological
sites at or near the proposed mine site, pipeline corridor and
industrial sites and to propose alternatives if required. The study
will form an important part of the baseline environmental study which
will be included in the Argex's NI 43-101 Preliminary Economic
Assessment.
A total of 145 archaelogical heritage sites have been identified in the
southern section of the Nitassinan of Pessamit territory (banque de l'inventaire des sites archéologiques du Québec) . Most sites are located on the coastline and near the mouths of
rivers or in the lower sections of the major rivers. A prehistoric
Indian site (DlEl-1) was discovered at the mouth of the Praslin River
southwest of the La Blâche mine site.
No archaelogical sites have been identified either by this study or by
the Innu of Pessamit on Argex's proposed mine site, pipeline route or
industrial sites reviewed in the study. Nor was there any evidence of
any significant heritage or cultural sites on the propsosed mine site,
pipeline corridor or industrial site.
In other news, on June 20, 2011, Argex issued 3,100,000 incentive stock
options. Officers and directors of Argex were granted 2,250,000
incentive stock options. The balance of the stock options was issued to
consultants of the Company. These incentive stock options are
exercisable at $0.445 with an expiry date of June 20, 2016.
About GENIVAR
GENIVAR is a leading Canadian engineering services firm providing
private and public-sector clients with a comprehensive range of
professional consulting services throughout all project phases,
including planning, design, construction and maintenance. Ranging in
size and scope, GENIVAR's clients primarily operate in the building,
industrial and energy, municipal infrastructure, transportation and
environmental sectors. GENIVAR is one of Canada's largest engineering
services firms based on number of employees, with more than 4,500
managers, professionals, technicians and technologists and support
staff in more than 85 locations in Canada and internationally. www.genivar.com
About Argex Mining Inc.
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.
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.
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Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-928-5933
roy@argex.ca
or
Paradox Public Relations at 514-341-0408 or 1-866-460-0408