Argentex Mining Corporation (AGXM)
Interview with:
Chris Dyakowski, President and CEO
Business News, Financial News, Stocks, Money & Investment Ideas, CEO Interview
and Information on their
holdings in the emerging gold fields of the Patagonia region of Argentina.

wpe4D.jpg (6486 bytes)

Cover Story

CEOCFO Interview Index

CEOCFO Current Issue

Cover Story Archives

Future Features

Analyst Interviews

Corporate Financials

Archived Interviews


Contact & Ordering

This is a printer friendly page!

Strong management, funding and portfolio of properties has Argentex Mining ready to execute on their near and long-term exploration projects in Argentina

wpe5B.jpg (3351 bytes)

Gold and Silver Exploration

Argentex Mining Corporation

Suite 2000-1066 West Hastings
Vancouver, BC Canada V6E 3X2
Phone: 888-601-8366

wpe62.jpg (7923 bytes)

Chris Dyakowski
President and CEO

Interview conducted by:
Lynn Fosse
Senior Editor
June 2004

Chris Dyakowski, P. Geo
President & CEO

Mr. Dyakowski has over 25 years experience in the mining industry.  He has provided geological and executive-level business expertise to numerous public junior mining companies.  In these roles Mr. Dyakowski has located and secured mining properties in North and South America; reviewed and supervised exploration programs; secured millions of dollars of venture capital; and, worked with regulators, government departments, legal and financial teams, the media and investors.  Mr. Dyakowski graduated from the University of British Columbia with a Bachelor of Science degree in Geology.  He is also a member of the British Columbia Association of Professional Engineers and Geoscientists (P.Geo) and a fluent Spanish speaker.

Company Profile:
Argentex Mining Corporation
(OTC: AGXM) is a junior mining exploration firm with significant holdings in the emerging gold fields of the Patagonia region of Argentina. The company has near term exploration targets, based on existing gold discoveries, on one of its properties and longer term potential to become an exploration leader in the region based on the proximity of its holdings to known gold reserves and other mineralization.

Since commencing operations, Argentex has assembled an impressive land portfolio in the Argentinean provinces of Santa Cruz and Rio Negro. Most of the properties are in the early stage of exploration, but one specific property within Santa Cruz province (Pinguino) is already known to have documented occurrences of existing gold-silver mineralization.

Santa Cruz Province
In Santa Cruz, Argentex holds mineral rights to 11 highly prospective properties comprising 49,285 hectares of land. The properties are located in southern Argentina at an approximate latitude of 49 degrees, approximately 1,700 kilometers from the capital Buenos Aires. The Santa Cruz properties are located in the Patagonia region of Southern Argentina in a physiographic province referred to as the Deseado Massif. The claims in this area cover prospective geology suitable for epithermal gold occurrences. The rock formations (Lower Jurassic volcanics) are similar to those found in gold producing areas elsewhere in Patagonia.

Rio Negro Province
Argentex holds mining rights to 15 highly prospective properties totaling 61,439 hectares in Rio Negro. The properties are in the Los Menucos epithermal gold district located approximately 1,000 kilometers southwest of Buenos Aires. Although at an early stage of exploration, the regional geological setting of the emerging gold area of Somuncura Massif, where the Argentex claims are located, is similar to the Deseado Masif in Santa Cruz. The company's claims in this area cover prospective geology (Permo Triassic aged volcanics) that are noted for hosting epithermal gold occurrences. In addition to the epithermal targets, the area also has the potential to host porphyry copper-gold mineralization. The Los Menucos Gold District has significant concentrations of large hydrothermal vein alterations that are commonly associated with epithermal gold-silver occurrences.

CEOCFOinterviews: Mr. Dyakowski, Argentex recently started trading on the OTC bulletin board, will you tell us the background please?

Mr. Dyakowski: “Argentex is a junior mining exploration firm with significant holdings in the emerging gold areas of Somuncura Massif and Deseado Massif regions of Argentina. The company has near-term exploration projects, based on existing gold discovery on one of its properties, with longer-term potential to become the exploration leader in the region based on proximity of the holdings to known gold reserves and mineralization.”

CEOCFOinterviews: You recently went public; why was this a good time for you to do so? Is it because you recently picked up these properties?

Mr. Dyakowski: “I personally have held these properties for some time. The Pinguino property, which is our flagship property, I have had in my possession since 1998, and the other properties in the province of Santa Cruz and Rio Negro, I acquired in May of 2003. The reason why Argentex is going for these properties, is due to the attractive price of gold that is trading at a ten-year high and also due to the fact that Argentina is an attractive place to invest in-terms of its currency; its valuation a couple of years ago; it is 70% more return than it did two years ago. Many other companies are currently investing in Argentina as well.”

CEOCFOinterviews: Why is Argentina a good place to be and how does the government support you in terms of making things easy or difficult?

Mr. Dyakowski: “In 1993, Argentina rewrote their mining code with the collaboration of the Canadian-based Musto Exploration Ltd. to develop the world class Bajo La Alumbrera copper-gold porphyry deposits, located in the province of Santa Monica, Argentina. This new code was designed to encourage foreign investments in the mining sector by facilitating the least repatriation of capital invested and earnings generated by Argentina’s mining operations.”

CEOCFOinterviews: You have raised money as you have gone public; what is the plan going forward?

Mr. Dyakowski: “The plan is to carry out exploration on the property, and we are starting a comprehensive program on our flagship property known as the Pinguino property. This property is located about 35 kilometers northwest of the Cerro Vanguardia mine in the province of Santa Cruz. The Cerro Vanguardia mine brings worldwide interest in Patagonia because it was discovered in 1991 and subsequently brought into production by Minera Mincorp S.A. in 1998. Their annual production is reportedly 275,000 ounces of gold, and 3 million ounces of silver per year. What we are commencing to do right now is carry out the comprehensive exploration program that includes prospecting, mapping, soil geochemistry, rock geochemistry, that includes resampling some of the 165 trenches. Mincorp, who at one time owned the property, allowed it to become open to part of the global rationalization program, due to the low gold prices at the time; that is when I picked up the property. Getting back to our exploration, we are going to use a diamond saw to resample some of the trenches.”

CEOCFOinterviews: Is the funding sufficient to do what you need to?

Mr. Dyakowski: “Yes, the funding will take us right through our phase 1 program as currently planned.”

CEOCFOinterviews: I understand that the Patagonia region is being referred to as the next Klondike; will you elaborate on that?

Mr. Dyakowski: “When referring to the Klondike, one thinks of the great gold rush of 1898. What is happening in the Patagonia region of Argentina is arguably like the gold rush. What prefaced interest in the Patagonia region was the discovery of the world class Cerro Vanguardia gold and silver of 1990 and 1991.”

CEOCFOinterviews: You are going to be working on the one property; will you tell us about the other property?

Mr. Dyakowski: “Another property we have is the El Condor property and that is located approximately sixty kilometers northeast of Cerro Vanguardia and during a brief examination of the property by Ken Hicks, our VP of Exploration, he discovered a silicified ridge 25 meters wide and approximately 800 meters in length. On the property was an outcross of finely vantaged epathermy wooden vain containing visible gold, up to 180 grams per ounce gold. What we are planning to do there in the spring of this year (2004) is to go to this property and carry out some planed exploration.”

CEOCFOinterviews: Are there newer technologies that you are able to take advantage now, that you might not have had available when you first picked up the property?

Mr. Dyakowski: “One technology is known as induced polarization. One thing we know for sure is that the Pinguino properties never had an IP survey conducted on them by the previous owners.”

CEOCFOinterviews: Will you tell us about the expertise of the management team and how important that is in what you are doing?

Mr. Dyakowski: “As far as my personal background, which is approximately 25 years of experience and my background includes board of directors and running publicly traded mining companies. In addition, I supervised exploration programs, worked with regulated governments and located mining properties in Canada and the US.”

CEOCFOinterviews: In closing, why should potential investors be looking at Argentex instead of any of the other hundreds of companies looking for gold, and are there other companies looking in Argentina?

Mr. Dyakowski: “Argentex has a highly skilled management team.  Secondly, I believe we have an excellent property portfolio, which includes the Pinguino property and the El Condor property. All of these properties are strategically located close to the Cerro Vanguardia project. We have the funds on hand to carry out the full and comprehensive details on these properties.”


Any reproduction or further distribution of this article without the express written consent of is prohibited.


To view Releases highlight & left click on the company name! does not purchase or make
recommendation on stocks based on the interviews published.