Pan American Goldfields Ltd. (fka MXOM)

[MUSHROOMKING]

Sunburst de Mexico, S.A. de C.V. ("Sunburst Mexico"), a wholly owned subsidiary of Mexoro, is a gold-silver exploration and mining company with exploration operations at three previous mine sites and plans to explore one additional location in Chihuahua, Mexico. Keeping costs low in exploration and development, the company plans to build upon established and proven infrastructures within the region and hopes to become a mid-tier gold and silver mining company within the next three years.

Cieneguita
The company's foremost focus is to mine Cieneguita, formerly operated by a subsidiary of a competing company, Glamis Gold. This location has indicated resources of approximately 350,000 ounces of gold. Not only will existing infrastructure make exploration and mining much easier, but operations will likely be less costly. Due to falling gold prices in the mid-90s, Glamis Gold shut down their profitable operation, which yielded 198,000 metric tonnes of ore. While Glamis Gold has since moved to a new location just 20 kilometers away, Mexoro plans to rebuild and mine 18,000 ounces in its first year at a rate of 1,500 ounces per month. At that rate, assuming no additional ore is found, the mine will stay in production for five years. This site is proposed to generate $10 million per year in revenue. The current infrastructure at Cieneguita is already set to provide all the required necessities for a mining operation, allowing for very low startup costs. While the surrounding areas of El Sauzal and Churuhuaivo are very promising with large amounts of gold deposits, Cieneguita could prove to be as promising based on the geological structure of the property.

Guazaparez
Beginning in the 17th century, Spanish colonists have been mining at these grounds. Like Cieneguita, it has a long history of high yield. Since the main veins were discovered in 1830, this location has been a primary interest in the mining community. This region is historically known for being a silver producer, but has generally produced more gold in the recent past. Previously published exploration reports of the area have shown over 500,000 ounces in three structures. One structure in particular could potentially house a multimillion-ounce deposit.

Encino Gordo
Encino Gordo, located just five kilometers from Bolsini Gold's Palmajero site (which recently validated a three million ounce gold operation), is Mexoro's third region targeted for exploration. Surface sampling indicates similar findings in Bolsini Gold's operation. Still suitable to open-pit mining, Mexoro is expecting similar results. Before any action was taken, an exploration in 1996 was taken and provided such results that a second stage exploration was put into effect. In 2005, a 20 million tonne deposit of gold and silver was found in a nearby property. In addition to this large gold site, large gold-silver and gold-copper traces have been found as well.

Sahuayacan
Mexoro's fourth and last proposed site is located only 100 kilometers north of the three other sites. This site is situated around previously discovered multi-million ounce reserves. More in-depth exploration has revealed high-yield areas along the shale-andesite contact. Santo Niño, the largest shoot on this property, was one of the highest-producers of graded ore before being interrupted by the Mexican Revolution. Since then, Santo Niño and its sister location, Santa Teresa, have shown high grade gold zones in recent exploration.

The Sierra Madre
Mexico is known as one of the highest producers of gold and silver in the world. Tales of Aztec and Mayan gold flooded Europe, leading Spanish colonists to the area over 400 years ago. The state of Chihuahua is located along the famous Sierra Madre Gold Belt, one of the most active new gold and silver mining districts in the world. With many mining companies eager to profit from its high-grade vein-type deposits, this area is expected to become Mexico's biggest gold and silver producer over the next decade.

Predecessors such as Minefinders and Glamis Gold paved the way for Mexoro, giving the company an easy, low-cost, and low-maintenance infrastructure to build upon. Recent technological advancements have revealed previously ignored deposits in these key regions, transforming once abandoned mines into budding prospects. By exploring older sites, the company hopes to keep costs low while using their easily-earned profits to further explore surrounding areas. Of the four sites, Cieneguita and Guazaparez have the potential for large structures of minerals ranging in the multi-million ounce range, which is where Mexoro plans to head these operations first.