Argentum Silver intersects 2.90 metres of 449 g/t silver and 1.44 g/t gold at El Tajo Vein

Thursday, Nov 15, 2012

Argentum Silver Corp. (TSX VENTURE:ASL) has now received results from the final 7 of 17 diamond drill holes recently completed on the 2,164 metre Phase II drill program at its Coyote silver-gold property in Jalisco, Mexico. Four of the 7 holes explored the El Tajo vein while three explored the La Colorada vein to the northwest of El Tajo.

Highlights from these 7 new drill holes include two El Tajo intercepts of 2.90 metres of 449 g/t silver (Ag) and 1.44 g/t gold (Au) from Hole 2012-42, and a lower intercept from Hole 2102-36 of 3.70 metres of 179 g/t silver which was not previously reported.

The El Tajo vein has been intercepted by drilling to depths ranging from 65 to 120 metres vertical from surface, over a strike length of 600 metres. El Tajo drill intercepts to date range from 0.85 metres to 11.0 metres (11.0 metres of 288 g/t Ag from Hole 2012-28). Grades range from 31 g/t Ag to 1,470 g/t Ag (4.0 metres of 1,470 g/t Ag from Hole 2012-3). A separate sub parallel hanging wall vein labeled Upper El Tajo 2 has been intercepted over a strikelength of 350 metres. Upper El Tajo 2 drill intercepts to date range from 0.35 metres to 2.5 metres (2.5 metres of 403 g/t Ag from Hole 2012-7). Grades range from 16 g/t Ag to 1,083 g/t Ag (0.85 metres of 1,083 g/t Ag from Hole 2012-29).

"Phase 2 of our drill program pulled consistently good results from the El Tajo vein, and the last few holes being reported here are no different. We are happy with the results and once final interpretations are completed by our geological team, we will be putting out a summary news release," said Warren McIntyre, President of Argentum Silver.

The 1053-hectare Coyote property contains dozens of individual low sulfidation epithermal silver-gold veins and stockworking. Most of the mineralization occurs within seven defined zones within an area of approximately 1.5 x 2.6 kilometres. Vein widths typically range from 1 to over 5 metres. Stockwork zones have locally been mapped at surface where widths have exceeded 35 metres. Results released from this drill program have only tested the El Tajo and La Colorada historic mine areas.

Source: Marketwire