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Argentum Silver Drilling Intersects Further High-Grade Silver

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 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/12 -- Argentum
Silver Corp. (TSX VENTURE:ASL) 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: 


 
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                               FROM       TO  WIDTH(1)    Ag     Au  AgEQ(2)
VEIN               HOLE 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
---------------------------------------------------------------------------
 
(1) True widths are estimated to be roughly 70% of drill intercept length.
(2) AgEQ = 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 Sila
cayoapan 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. 
Contacts:
Argentum Silver Corp.
Ian Tootill
Director of Investor Relations
604.661.2110
ian@argentumsilvercorp.com
www.argentumsilvercorp.com