Argentium Resources Samples up to 7,621 g/t Silver from Sill Lake

Argentium Resources Inc. (CNSX: AOK, OTC:AGTMF) report the results of sampling from its 100%-owned Sill Lake silver/lead property located near Sault Ste. Marie, Ontario.

As previously reported (see news February 8th, 2012) the initial sample assays of the silver content were above the detectable limits for silver and had to be re-assayed through gravimetric analysis. The new assay results from these 3 samples of high-grade galena-bearing quartz-carbonate vein are listed in the below table:


 

 

 

 

Sample  

Lead (%) 

Silver (g/t) 

Copper (%) 

Gold (g/t)

 

 

 

 

E5332460 

8.35  

7,621  

1.08  

0.39

 

 

 

 

E5332461 

7.73  

5,982  

0.42  

0.31

 

 

 

 

E5332462 

5.4  

2,390  

6.53  

0.44

 

 

 

 

 

 

 

 

 

"I am very pleased with these high-grade results, especially given that the samples were of a substantial size weighing 1.5, 3 and 5.4 kilograms respectively. To obtain the results such as these is indicative of a strong system and we are eager to continue our exploration work on the property," commented John Carter, President and CEO of Argentium.

The main sulfide in the mineralized vein is argentiferous galena (gn), although sphalerite (sp), chalcopyrite (cp), pyrite and free silver are also present. Enrichment at Sill Lake is primarily silver, lead and copper, however they are commonly accompanied by enrichment in other metals including Gold (au), nickel (Ni), and zinc (Zn).

Argentium has also undertaken lead isotope testing and has confirmed presence of the low alpha isotope within samples from the main vein. Results from the assays and an update about the potential for Low Alpha Lead at Sill Lake shall be announced at the market close on Thursday May 3rd, 2012.

The known silver-lead mineralization is within a NW-SE striking fault zone trending across the central part of the Sill Lake holdings. The mineralization trend extends at depth to at least 200 feet and has previously been developed by underground mining methods, extracting 7,000 tons of high grade ore.

It is Argentium's plan to further investigate and evaluate the property. A complete budget has been prepared to include; completion of the data compilation, building a 3D model of the historical workings, drilling, and extensive channel sampling of the exposed vein to obtain fresh samples. This work will also help with the next stage which includes ground geophysics, dewatering of the underground workings, taking mining claims to lease and designing a drill program to determine the extent of the mineralization at depth and evaluate the potential of a possible parallel structure to start bulk sampling. Currently the permitting processes are underway for dewatering of the shaft and for a bulk sampling program.

Assaying was completed by AGAT Laboratories Ltd. (Mississauga). Gold values were obtained by method of fire assay with an ICP-OES finish. A 43 element ICP-OES metals package was also run on the 3 samples followed by gravimetric analysis for silver as they all initially assayed over 100g/t.

Technical information in this news release has been reviewed by Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. A 43-101 Technical Report on the Sill Lake property is available on the Company website.

Posted May 2, 2012

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