Argentum Silver Drilling Intersects Further High-Grade Silver Including 1.95 Metres of 854 g/t Silver at the El Tajo Vein & 0.85 Metres of 1,083 g/t Silver on a Newly-Discovered Hanging Wall Vein
Published : October 25, 2012
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Keywords :   Diamond | G Mexico | Gold | Market | Mexico | Recovery | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Argentum Silver Corp. (News - Market indicators) has now received results from 11 of 17 Diamond drill holes completed on the 2,164 metre Phase II drill program at its Coyote silver-gold property in Jalisco, Mexico. These 11 holes targeted the El Tajo vein, and all holes intersected the vein with silver mineralization over a total strike length of 600 metres to date.

Results now available from the 8 newest drill holes (along with results from the first 3 drill holes previously reported in our news release dated October 18, 2012) demonstrate the continuity of silver mineralization on the El Tajo vein, in addition to encountering up to three new hanging wall veins. Highlights from these 8 new drill holes include 3.65 metres of 328 g/t silver (Ag) and 0.85 metres of 1,083 g/t Ag from Hole 2012-29; 4.4 metres of 170 g/t silver from Hole 2102-30; and 1.95 metres of 854 g/t silver from Hole 2102-36. All 8 holes returned mineralized intercepts as follows:

VEIN HOLE FROM TO WIDTH1 Ag Au AgEQ2
  ID (m) (m) (m) (g/t) (g/t) (g/t)
Upper El Tajo 2 2012-29 28.75 29.60 0.85 1083 0.15 1091
Upper El Tajo 1   70.50 72.00 1.50 96 0.09 101
El Tajo   96.65 100.30 3.65 328 0.55 357
El Tajo 2012-30 121.60 126.00 4.40 170 0.36 189
El Tajo 2012-31 145.00 145.85 0.85 160 0.05 163
El Tajo 2012-32 75.40 78.20 2.80 153 0.60 184
El Tajo 2012-33 91.60 93.60 2.00 138 1.39 211
Upper El Tajo 3 2012-34 15.00 15.35 0.35 491 0.89 537
El Tajo   132.25 133.75 1.50 38 0.41 60
El Tajo 2012-35 120.40 122.95 2.55 200 0.44 223
Upper El Tajo 2 2012-36 71.70 73.65 1.95 854 0.31 870
El Tajo   135.80 137.10 1.30 42 0.17 51

1True widths are estimated to be roughly 70% of drill intercept length.
2AgEQ = Silver Equivalent based on Au price of US$1756.1/oz and Ag price of US$33.63/oz.

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 38 g/t Ag to 1,470 g/t Ag (4.0 metres of 1,470 g/t Ag from Hole 2012-3). Separate mineralized hanging wall veins were encountered in four of the 11 Phase 2 holes drilled.

Warren McIntyre, President of Argentum, states, "That's 11 mineralized intercepts for 11 holes drilled in the El Tajo mine area in our Phase II drill program. Drilling was carried out over a 600 meter strike length, where high-grade silver mineralization has been intercepted in the El Tajo vein and its newly discovered hanging wall veins. Drilling has locally tested the system to a vertical depth of only 120 metres. The El Tajo vein remains open at depth and to the north-east and south-west. The Company plans to complete a target deposit calculation at El Tajo to assess the resource potential in this zone prior to resuming drilling at Coyote."

Results are still pending from 3 additional drill holes in the El Tajo historic mine area and 3 scout drill holes completed on portions of the La Colorada mineralized zone. Collectively with the Phase I and II programs, the El Tajo and La Colorada veins will have been traced for over a 1,100 metre strike length on surface.

The 1053-hectare Coyote property contains dozens of individual low sulfidation epithermal silver-gold veins and stockworking. Most of the mineralization occurs within six 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 historic mine area.

Assaying from this program was completed by ALS Chemex through their office in Guadalajara, Mexico. Analytical procedures include a 33 element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62). Paul Cowley, P.Geo., and the Company's Senior Geological Consultant and Advisor, and a Qualified Person under NI 43-101 has designed and supervised the program, and reviewed and approved the contents of this press release.

About Coyote Property

The Coyote project is located near the town of Chilicayote, within the state of Jalisco, Mexico. Road access and infrastructure are excellent. The property is approximately 150 linear kilometres southwest of the capital city of Guadalajara, and roughly a 3 1/2 hour drive. Topography is generally gentle to moderate. A regional electrical power line crosses the property.

About Argentum Silver

Argentum has earned a 100% interest in the Coyote silver-gold project and Victoria property located in Jalisco, Mexico. Argentum also owns a 100% interest in the Lachiguiri and Silacayoapan properties, all located in Oaxaca, Mexico.

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.

Argentum Silver Corp.
Ian Tootill
Director of Investor Relations
604.661.2110
ian@argentumsilvercorp.com
www.argentumsilvercorp.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Argentum Silver Corp.

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Argentum is a silver exploration company based in Canada.

Its main exploration properties are VICTORIA and COYOTE in Mexico.

Argentum is listed in Canada. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.0 millions, € 931 189).

Its stock quote reached its highest recent level on November 09, 2012 at CA$ 2.20, and its lowest recent point on January 15, 2016 at CA$ 0.02.

Argentum has 28 200 000 shares outstanding.

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Financings of Argentum Silver Corp.
7/9/2011Closes Final Tranche of Private Placement
6/1/2011Closes Second Tranche of Non-Brokered Financing: Updated Rel...
5/31/2011Closes Second Tranche of Non-Brokered Financing
5/24/2011Closes First Tranche of Non-Brokered Financing
Option Grants of Argentum Silver Corp.
3/8/2011ARGENTUM GRANTS 600.000 STOCK OPTIONS
Nominations of Argentum Silver Corp.
6/16/2011Appoints James Hutton to Board of Directors
3/4/2011Argentum Retains Caliber as Investor Relations Advisor
Project news of Argentum Silver Corp.
5/13/2013(Coyote)Advised of 4-5 Million Ounce Silver Potential Open to Depth ...
5/13/2013(Coyote)Advised of 4-5 Million Ounce Silver Potential Open to Depth ...
9/12/2012(Coyote)Resumes Drilling at Coyote Silver Property in Jalisco, Mexic...
Corporate news of Argentum Silver Corp.
10/20/2015Argentum Clarifies Technical Report Disclosure
9/26/2013Extends the El Tajo Zone 375 Metres; New Valenciana Zone Ret...
7/25/2013(Coyote)Files NI 43-101 Technical Report on its Coyote Project
5/24/2013Clarifies and Retracts Previously Issued Technical Disclosur...
11/14/2012Intersects 2.90 metres of 449 g/t Silver and 1.44 g/t Gold a...
10/25/2012Drilling Intersects Further High-Grade Silver Including 1.95...
10/18/2012(Coyote)Intercepts 11 Metres of 288 g/t Silver Including 4.9 metres ...
9/14/2012Andrew Thomson of Soltoro Joins Argentum's Board
5/2/2011(Coyote)Closes Option of Victoria and Coyote Silver Gold Projects Fr...
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