Highly prospective exploration company
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Message: Argex Advancing Massive Titanium-Vanadium Project in Quebec
SectorNewswireTM Sector: Mining - Metals and Minerals : Titanium-Vanadium : News Release - February 10, 2010 5:36 PM ET Argex Advancing Massive Titanium-Vanadium Project in Quebec Drills now on site to make historical 78M tonne resource of 20% titanium compliant and much larger • Argex Silver Capital Inc. (TSX-V: RGX) Titanium and Vanadium Project in Quebec hosts very large historic high grade tonnage (non NI 43-101 compliant) grading 20.5% Titanium Dioxide, 48% Iron Ore, 0.36% Vanadium • Proprietary metallurgical process is expected to result in Argex being the lowest cost titanium and vanadium producer in the world. • With only ~52M shares outstanding and trading under CDN$0.50 RGX.V is poised for significant upside revaluation. NEW YORK, NY, February 10, 2010 /Sector Newswire/ - Mining MarketWatch Journal has published a review on Argex Silver Capital Inc. (TSX VENTURE: RGX). The review offers insight and opportunity afforded investors as RGX.V has transitioned from a CPC to a mining entity with very large historical high grade tonnage of titanium at its 100% owned La Blache Titanium-Vanadium Project in mining friendly Quebec. RGX.V has a proprietary metallurgical process expected to result in RGX.V being the lowest cost titanium and vanadium producer in the world, producing a pharmaceutical quality end product. RGX.V is aiming to be a large producer, conceivably producing up to 30% of the world's production of titanium. The La Blache Titanium-Vanadium deposit is a large mass near surface amenable to open pit mining and has historic (non 43-101 compliant as numbers predate current rules) tonnage of 20.5% Titanium dioxide, 48% Fe, 0.36% Vanadium. Drilling equipment is now on site to bring numbers compliant and build tonnage, also a pilot small-scale processing facility is expected to be complete later this year (2010) to showcase the metallurgical technology and springboard to large scale production/commercialization. The full review and valuation commentary may be found at: http://miningmarketwatch.net/rgx.htm Excerpts:
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Figure 2. Partial Map of La Blache Titanium-Iron-Vanadium ProjectMap shows the occurrences of the titanium. The west zone has highlighted the historic 78+ million tonnes grading 48% iron, 20.5% titanium, 0.36% vanadium, 0.19% chromium and shows the reference to the government report that figure comes from. |
Argex Silver Capital Inc. (TSX-V: RGX) is building a pilot small-scale processing facility in a step to commercialize its proprietary metallurgical process (for extracting titanium, vanadium, iron) and is taking steps towards open pit mining of its 100% owned high grade Titanium-Vanadium La Blache deposit located 100km from Baie-Cameau in Quebec, Canada. Argex's La Blache property will be the highest grading titanium deposit being mined in the world once in operation. La Blache has a historic (non 43-101 compliant) 78M tonne resource grading 20.5% titanium dioxide, 48% iron ore, and 0.36% vanadium that was first discovered several decades ago but was deemed to have too complicated metallurgy for the processing technology of the time. Originating as a Capital Pool Corporation Argex conducted a land assembly and acquired proprietary metallurgical processing technology rights through the involvement of highly accomplished metallurgists. Mining MarketWatch Journal has interviewed experts in the field who describe the metallurgical process as a break-through on par to what heap leaching did for gold and management of Argex believe the process will result in Argex being the lowest cost titanium and vanadium producer in the world. The next step is two-fold; 1) to showcase the technology in a small-scale processing facility which Argex is expected to complete later this year (2010) and 2) ready the deposit for open pit mining. A drill is now on site at La Blache and the historic tonnage is expected to be surpassed and brought compliant to NI 43-101 standards, this should not be difficult as the deposit was historically drilled only to a depth of 20m. The deposit is a massive large body close to surface. Conceivably, going down to 40m hypothetically could readily double the historic tonnage and provide decades of open pit mine life -- several holes will be drilled to between 150m - 250m. The name, Agrex Silver Capital, is a misnomer as it has no silver; the name was from when the company was a Capital Pool Corporation looking to allocate the CPC proceeds in the best manner possible. RGX.V has since brought together stakeholders including former titanium-vanadium claim owners and accomplished metallurgists whose process makes this possible. A name change is planned, one that is practical and suitable for its industry focus on titanium. The in-situ value of historic tonnage grading 20.5% TiO2 and 0.36% vanadium is remarkably large and the risk-reward characteristics for investors involved now are exceptional as management appears focused on executing on its plan to exploit the potential. The full review and valuation commentary may be found at: http://miningmarketwatch.net/rgx.htm This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs. SOURCE: Sector Newswire Per: Mining MarketWatch Journal
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