Argentum Completes Due Diligence on Soltoro Silver-Gold Projects in Jalisco, Mexico
06.04.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 6, 2011) - Argentum Silver Corp. (TSX VENTURE: ASL) (“Argentum“ or the “Company“) announces that it has completed its due diligence review of Soltoro Ltd.'s Victoria and Coyote silver-gold projects located in Jalisco, Mexico, which are the subject of a letter of intent (the “LOI“) between the parties, and is now proceeding with the negotiation of definitive option agreements on these properties. Further information regarding these projects is available in the Company's news release dated March 7, 2011.Warren McIntyre, President and C.E.O. of Argentum, stated: “Our geological team, led by Country Manager Juan Lopez, has spent the previous week on both properties. They have taken samples and perused historical data on each property and recommended to the board of directors of Argentum that we proceed with an exploration and drilling program on each of the properties.“
Mr. Lopez added, “The properties look excellent. There are numerous outcroppings and surface veins identifiable on the Coyote property. The Victoria property is significantly larger with an old mine on site and a small working mill. The La Lupita mine is currently in private operation at a rate of about 50 tonnes per day, and has historically produced an average grade of 16 grams per ton of gold and over 500 grams per ton silver. There is great potential on both these sites.“
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. 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
Argentum Silver Corp.
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.
Contact Information
Argentum Silver Corp.
Ian Tootill
Director of Investor Relations
604.661.2110
ian@argentumsilvercorp.com
www.argentumsilvercorp.com