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Silvermex Resources (GGCRF)

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Last Post: 7/6/2012 6:05:07 PM - Followers: 11 - Board type: Free - Posts Today: 0

     
 
   
  Silvermex Resources Inc. is an emerging silver mining company with key projects in Mexico.

Silvermex is working in various ways to build a profitable, sustainable silver mining company. At La Guitarra, technical teams are implementing efficiencies and developing plans to ensure continued production growth throughout the Temascaltepec Mining District, of which La Guitarra is a component. Management is confident that the district offers long term growth potential for continued development and increased future cash flow. Additionally, opportunities at the Rosario Concession offer further organic, long term asset growth potential.

Silvermex is managed by a highly experienced and successful mining team brought together from some of the most successful companies in the silver sector. Well financed with approximately $20 million in the treasury, Silvermex is committed to long term growth built on profitable silver mining activities.
Silvermex possesses five silver primary projects throughout northwest and central Mexico. These projects range from existing mine production to early stage exploration. Silvermex is currently focused on operating the La Guitarra silver mine, which is located within the Temascaltepec mining district, 120 km south west of
Mexico City.

The Rosario Concession, located in south east Sinaloa, has significant infrastructure in place along with developed deposits and resource growth potential. The Company is currently working to develop the deposits at Rosario a production decision.

La Frazada is located in Nayarit, Mexico. The project last saw production in 1997 and has
a degree of existing underground development from pas production. Silvermex also retains 100% interest in the Penasco Quemado and Lobos in northern Senora, Mexico. There are no current work commitments or outstanding balances owing on these projects. The Company has therefore put them in its inventory for additional exploration and more defined assessment at a future time.
Operations

PROJECTS

Silvermex possesses five silver primary projects throughout northwest and central Mexico. These projects range from existing mine production to early stage exploration. Silvermex is currently focused on operating the La Guitarra silver mine, which is located within the Temascaltepec mining district, 120 km south west of Mexico City.

The Rosario Concession, located in south east Sinaloa, has significant infrastructure in place along with developed deposits and resource growth potential. The Company is currently working to develop the deposits at Rosario a production decision.

La Frazada is located in Nayarit, Mexico. The project last saw production in 1997 and has
a degree of existing underground development from pas production. Silvermex also retains 100% interest in the Penasco Quemado and Lobos in northern Senora, Mexico. There are no current work commitments or outstanding balances owing on these projects. The Company has therefore put them in its inventory for additional exploration and more defined assessment at a future time.
  
 


The La Guitarra Mine
presently consists of two underground operation centers and a flotation mill with a proven capacity of 320 tonnes per day. Silvermex is currently reassessing all formerly compiled geological and resource data, from which a new comprehensive database will be developed. From this extensive information the company plans to develop a new resource model that focuses on long term production growth opportunities.

Due to the extensive redevelopment programs currently underway, the production rate in Q1 and Q2 for this year is expected to remain relatively constant. The current programs include development to access known ore blocks, and the delineation and development of new ore bodies to reach current operational capacity. Future development programs will be based on the results of current resource/reserve modeling and drill programs. These programs will be designed to identify and delineate new mining areas and potentially expand production beyond the current capacity. The district offers incredible potential for growth. With numerous past producing mines on the property as well as newly identified structures, the district has the potential to
continue delivering sustainable growth for the foreseeable future.

Resource and Reserve Estimates (This is just ONE property of reserves!!!!)

The existing La Guitarra NI 43-101 resource estimate and resulting report were prepared by previous management and external third party sources. Between 2006 and 2009, over 86,000 m of exploration and infill drilling were completed at La Guitarra and over 10,000 channel samples were collected. Silvermex has an extensive review process underway to compile and analyze all past exploration results and available data into a comprehensive new resource model. This will assist the company to gain a better understanding of the existing reserves and resources. An updated resource estimate is expected later this year. Mining Reserves  47 Million Silver Equivalent Ounces and Growing!!!!!!!!!!!!

 

   
 
http://www.silvermexresources.com/i/maps/La-Guitarra-4.jpg    Click link to left for blown up flow chart.
 

The La Guitarra Mine is located in the company's wholly-owned Temascaltepec Mining District of central Mexico. This district is part of the Sierra Madre silver and gold Metallogenic Province that has historically produced some of the world's most exceptional mines. La Guitarra Mine produces precious metals from a classic epithermal vein system, part of a mineralized corridor which extends 15 kilometers in length and averages 4 kilometers in width. The corridor includes exceptionally high "bonanza" grades and multiple bulk tonnage targets.

SILVERMEX WEBSITE
http://www.silvermexresources.com/s/Home.asp

                                  

Corporate Offices:
Suite 1210 - 885 West Georgia St.
Vancouver, BC Canada
V6C 3E8
T: 604.682.4004 / 1.855.682.4004
F: 604.682.4009

  *********LATEST NEWS************       click link to the right for ALL news  http://www.silvermexresources.com/s/newsreleases.asp 

Tue May 17, 2011    Silvermex Resources Appoints New CFO
http://www.silvermexresources.com/s/newsreleases.asp?ReportID=457699 

Thu Apr 21, 2011News Releases : Silvermex's First Quarter of Production at La Guitarra Ahead of Budget 
 
http://www.silvermexresources.com/s/NewsReleases.asp?ReportID=452967
 

Tue Apr 19, 2011News Releases : Silvermex Resources Starts Drilling at La Guitarra 
http://www.silvermexresources.com/s/NewsReleases.asp?ReportID=452317 

Tue Apr 5, 2011News Releases : Silvermex Reports Financial Results for 2010   
http://www.silvermexresources.com/s/NewsReleases.asp?ReportID=450301 

Wed Mar 30, 2011News Releases : Silvermex Resources Reports on La Guitarra Mine Production      
http://www.silvermexresources.com/s/NewsReleases.asp?ReportID=449534 

 


Investor Relations:
Fiona Grant - Manager, Investor Relations
T: 604.682.4004 ext 228 / 1.855.682.4004 ext 228
F: 604.682.4009
E: fiona@silvermexresources.com

 

 

Silvermex Resources Summary of Shares  

 
Date: Apr 7, 2011      
   
Price Average
Value
Shares Issued          233,800,593    
       
Options            14,841,500 0.64  $                   9,582,315
Warrants            50,697,814 0.57  $                 28,887,066
Fully Diluted          299,339,907    $                 38,469,381

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PostSubject
#246   GGCRF: Plan of Arrangement- Pursuant to the Arrangement, Renee 07/06/12 06:05:07 PM
#245   New to the board here....GGCRF came up on PURA VIDA 06/11/12 09:27:48 AM
#244   GGCRF resumes trading today uhlmant 06/06/12 02:33:40 AM
#243   Anybody know when the tird will resume trading the cork 06/04/12 11:04:36 AM
#242   Huldra Silver~ HDA.v/HUSIF is a killer silver stock SILVERISTHENEWGOLD 05/01/12 07:54:31 PM
#241   Those guys are idiots. QE has never stopped, the cork 04/13/12 08:50:59 PM
#240   Auguries—Penny Wise, Pound Foolish canucklehead80 04/13/12 04:18:19 PM
#239   I got a killer silver stock you might the cork 04/13/12 02:43:37 PM
#238   I once had a good overview, but do AmericaTheBrave 04/13/12 12:27:19 PM
#237   Right ATB. I think ECU's price was suppressed the cork 04/12/12 03:55:13 PM
#236   Same thing for me: I had Silvermex as AmericaTheBrave 04/12/12 03:24:55 PM
#235   So what, they aren't doing us any favors the cork 04/12/12 12:04:24 PM
#234   I wouldn't call this a stink deal: First AmericaTheBrave 04/12/12 06:57:04 AM
#233   That's what it looks like, damn them anyway. the cork 04/12/12 04:57:05 AM
#232   Found this dated 2 APR---looks like no trading uhlmant 04/10/12 06:38:26 AM
#231   I think you can trade it right now the cork 04/09/12 05:18:09 PM
#230   Anyone know when us ggcrf will trade again? uhlmant 04/09/12 04:08:21 PM
#229   Kahn Swick & Foti LLC. the cork 04/09/12 03:35:22 PM
#228   Silver 31.34, Gold 1617.60, Falls 3%, Silver the cork 04/04/12 10:54:20 AM
#227   Right SILVERISTHENEWGOLD, I don't know about that. There's the cork 04/03/12 06:50:15 PM
#226   What happens if you own the Contract for SILVERISTHENEWGOLD 04/03/12 06:03:13 PM
#225   Agree uhlmant, I was just trying to be the cork 04/03/12 03:22:10 PM
#224   I was thinking dollar easy. 66% must approve uhlmant 04/03/12 01:52:43 PM
#223   FOUL ! Doesn't seem like much of a the cork 04/03/12 01:01:12 PM
#222   we've been bought uhlmant 04/03/12 12:34:37 PM
#221   DJ Silver 33.00, Gold 1672.70, Eases Ahead the cork 04/03/12 11:40:31 AM
#220   Silver 33.14, Gold 1681.10, climbs above $1,680 per the cork 04/02/12 11:28:18 AM
#219   Spot Silver 32.40, Gold 1667.20, Rebounds On the cork 03/30/12 01:22:24 PM
#218   Silver 70 bucks! - Fractal Analysis: 2012 Silver the cork 03/29/12 03:30:06 PM
#217   Silver 31.86, Gold 1658.60, Near Steady As the cork 03/29/12 10:34:29 AM
#216   DJ PRECIOUS METALS: Silver 32.27, Gold 1673.90, the cork 03/28/12 11:26:56 AM
#215   D. Kosich - Bullish outlook for silver on the cork 03/28/12 12:27:56 AM
#214   chart SLX (.048) kiwisteve 03/27/12 05:05:48 PM
#213   one drill hole had 18,225.040 Ag equiv oz uhlmant 03/27/12 02:32:08 PM
#212   Go GGCRF! AmericaTheBrave 03/27/12 12:40:04 PM
#211   DJ PRECIOUS METALS: Silver 32.99, Gold 1692.20, the cork 03/27/12 10:26:56 AM
#210   running at full capacity now at La Guitarra. uhlmant 03/27/12 01:46:06 AM
#209   robust is an understatement. These are some uhlmant 03/26/12 12:00:35 PM
#208   Great Find uhlmant. That was out less than the cork 03/26/12 11:55:01 AM
#207   big finds keep on rolling in uhlmant 03/26/12 11:45:57 AM
#206   Silver 32.71, Gold 1684.80, Gains On Bernanke Comments the cork 03/26/12 10:45:46 AM
#205   Comex Silver 32.05, Gold 1664.30, bounces with euro, the cork 03/23/12 11:41:45 AM
#204   Vin Maru Paper trading and manipulation in precious metals the cork 03/21/12 04:02:37 PM
#203   Silver 32.17, Gold 1655.10, Climbs On Weak the cork 03/21/12 10:55:19 AM
#202   Spot Silver 32.33, Gold 1648.50 Down; Further the cork 03/20/12 09:47:08 AM
#201   DJ Silver 32.94, Gold 1663.30, Futures Flat, the cork 03/19/12 12:06:57 PM
#200   DJ PRECIOUS METALS: Silver 32.48, Gold 1654.20, - the cork 03/16/12 12:25:38 PM
#199   Yes I think so, Renee. Our trading companies the cork 03/16/12 12:25:23 PM
#198   Very interesting. I will watch this revoked stock Renee 03/16/12 08:20:52 AM
#197   He Renee, check sticky ticket #194. Fiona got the cork 03/16/12 05:12:23 AM
PostSubject
Consent Preferences