New York, NY (PRWEB) February 19, 2010
Mining MarketWatch Journal has published an overview of Argex Silver Capital Inc. (TSX VENTURE: RGX) and the potential at the La Blache Titanium-Vanadium Project. 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 NI 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 online.
Argex Silver Capital Inc. 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-Comeau 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. RGX.V is positioned as the strongest titanium and vanadium opportunity in the market and is the only Canadian titanium pure play.
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