Apr 08, 2014
Argentum Appoints Peter Ball as President and COO
Vancouver, B.C., Canada - April 8, 2014 - Argentum Silver Corp. (ASL: TSX-V) the Company announces the appointment of Peter A. Ball as President and Chief Operating Officer. Warren McIntyre, former President, will remain as CEO of Argentum.
Mr. Ball brings over 20 years experience as a mining professional. He has held various senior management roles in finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing throughout North and South America, Asia and Europe. Mr. Ball began his career in the late 1980s working as a mining engineer, a technical representative, and in various management and senior executive roles for numerous mining companies including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., Eldorado Gold Corporation, Adriana Resources Inc., Century Mining Corporation and Argentex Mining Corporation. Mr. Ball is a graduate of the Haileybury School of Mines and Georgian Business College.
"Peter brings a wealth of mining, finance and management experience," say Mr. McIntyre. "We want to grow Argentum by increasing the size of the current resource, with a vision towards becoming a small-scale producer in the state of Jalisco, and I believe that Peter is the perfect addition to our team to move us in that direction."
Cyna Resigns from Board of Directors
The Company also wishes to announce that Lawrence Cyna has resigned from the Board of Directors of Argentum. The Board wishes to thank Mr. Cyna for his contributions to the Company and wishes him continued success in the future.
About the Coyote Silver Project
The principal mineral property for Argentum is the Coyote Silver Project in Jalisco, Mexico. On January 2, 2014, the Company filed an independent report (the "Report") prepared by GeoVector Management Inc. ("GeoVector") on the Coyote Project's El Tajo vein, which contained an Inferred Mineral Resource estimate under National Instrument 43-101.
Geovector has estimated an Inferred Mineral Resource of 583,000 tonnes grading 192 grams per tonne (gpt) silver (Ag) and 0.27 gpt gold (Au) at a cut-off of 70 gpt silver. This equates to a 207 gpt silver-equivalent grade. The mineral resource contains a total of 3,600,000 ounces of silver and 5,053 ounces of gold. Silver-equivalent was determined using a silver to gold ratio of 56.1:1, assuming a 100% recovery rate, plus no base metal values were included in the silver-equivalent. The resource is open along strike and down dip.
The El Tajo Vein at the Coyote Project has been traced on surface over 1.1 kilometres. In 2012, the Company drill tested the high-grade El Tajo silver vein over a 600 metre strike length with 25 diamond drill holes for a total of 3,013 metres. The drilling was designed to demonstrate thickness and grade continuity along strike, with drill holes and section fences roughly 50 metres apart and a vertical distance of 140 meters.
The 1,053 hectare Coyote property contains dozens of individual intermediate sulfidation epithermal silver-gold veins and stockworks. 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 1.0 to over 5.0 metres. Surface exposures of stockwork have been mapped and sampled over widths exceeding 35 metres.
The Coyote project is located near the town of Chilacayote, within the state of Jalisco, Mexico. Road access and infrastructure are excellent. The property is approximately 150 kilometres southwest of the capital city of Guadalajara, roughly a 3½ hour drive. Topography is generally gentle to moderate. A regional electrical power line also crosses the property.
Ben Whiting, P.Geo., a Qualified Person as defined under NI 43-101, has approved the technical information in this news release.
About Argentum Silver
Argentum holds 100% interest in the Coyote and Victoria properties located in Jalisco, Mexico, and the Lachiguiri and Silacayoapan properties located in Oaxaca, Mexico. For further information, please go to www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
Chief Executive Officer
Argentum Silver Corp.
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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.