Silvermex Resources Ltd.

Published : April 24th, 2008

Company Update

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       Recent Share Price:  $0.85     Market Capitalization: $25.5 M

 

Dear Shareholders and Investors,

 

Just a quick note to update you on Silvermex Resources Ltd. (TSXV-SMR). which is focused on building high quality silver resources in Mexico.  We now have 6 active projects in north-western Mexico, including 2 advanced-stage projects that have NI 43-101 resources of over 24 million ounces of silver in near-surface deposits. The company is now focusing on increasing these resources and moving towards economic assessment. 

 

Corporate highlights include:

 

·         An existing resource of almost one ounce silver per share.

  • One of lowest market cap valuations on a per ounce of silver basis.
  • Resources are high grade, open-pit or bulk-mineable deposits. 
  • Proven and reputable management teams in both Canada and Mexico.  
  • Well financed for drill programs and resource growth.
  • Management and Silver Standard own approximately 42% of all outstanding shares.
  • Aggressive drill campaigns and economic assessment planned for 2008. ..

 

Recent News includes:

·         Extended Strike length at San Marcial from 500 mts to 3.5km’s.

·         Drill program underway at Penasco Quemado to extend ore body.

·         Recently acquired past-producing La Frazada Mine in Nayarit, Mexico.

 

Silvermex is a silver-focused mining company with established silver resources and an attractive share structure. The Company offers tremendous leverage to silver and great up-side price potential as silver resources are increased.

 

Our founding and major shareholder is Silver Standard Resources Inc, (NASDAQ-SSRI) which controls the world's largest published in-ground silver resources of any publicly-traded silver company.

 

We have an aggressive exploration campaign planned for 2008 which will include over 20,000 meters of drilling with the primary focus being on increasing resources.  Our objective is to increase silver resources to over 100 million ounces and have 2 projects entering prefeasibility over the next 12 months.

 

If you have any questions or comments, please contact me directly at 604-638-8978 or visit our website at: www.silvermexresources.com.

 

Best regards,

 

Duane Nelson

Executive Vice President

Silvermex Resources Ltd.

Direct line: 604-638-8978

duane@silvermexresources.com

 

 

 

 

 

 
                                                                                                                                                                                  

 

La Frazada Mining Ramp

Exploration Team

Drill Team

El Reyo Sample

 

 

 

 

 

 
 

 

 

 

 

 


                                                                                                                                                                                                                                                        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Silvermex Resources Ltd.

PRODUCER
CODE : SLX.TO
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Silvermex Res. is a silver producing company based in Canada.

Silvermex Res. produces silver, gold in Mexico, and holds various exploration projects in Mexico.

Its main asset in production is LA GUITARRA & SAN RAFAEL in Mexico and its main exploration properties are TRANSVAAL PROPERTY and OEST PROPERTY in Canada and MINA DE AGUA / SANTA ANA PROJECT, LETY, LOBOS, CERRO DE PLATA, EL RAYO, PENASCO QUEMADO, SAN MARCIAL, LA FRAZADA, ROSARIO and LETY in Mexico.

Silvermex Res. is listed in Canada. Its market capitalisation is CA$ 21.7 millions as of today (US$ 21.3 millions, € 17.3 millions).

Its stock quote reached its highest recent level on February 25, 2011 at CA$ 1.03, and its lowest recent point on December 30, 2011 at CA$ 0.35.

Silvermex Res. has 44 207 000 shares outstanding.

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Financings of Silvermex Resources Ltd.
2/8/2010Fully Subscribed Private Placement
Nominations of Silvermex Resources Ltd.
5/18/2011Appoints New CFO
3/2/2011Appoints New Investor Relations Manager
3/2/2010Appoints New Chief Financial Officer
Financials of Silvermex Resources Ltd.
5/16/2012Announces Q1 2012 Financial Results
3/27/2012Reports Positive Financial Performance for the Year 2011
8/16/2011(La Guitarra & San Rafael)Achieves Positive Cash Flow and Low Cost Production at its L...
4/5/2011Reports Financial Results for 2010
Project news of Silvermex Resources Ltd.
3/27/2012(La Guitarra & San Rafael)Intersects High Grade Gold at La Guitarra - 306.99 g/t Au an...
3/26/2012(La Guitarra & San Rafael)Surface Drilling Continues to Intersect High-Grade Mineraliz...
3/14/2012(La Guitarra & San Rafael)Underground Drilling Continues To Extend Mineralization At S...
3/1/2012(Penasco Quemado)Initiates Metallurgical Testing of Penasco Quemado Project
9/26/2011(La Guitarra & San Rafael)Begins Surface Drill Program at La Guitarra
4/25/2011(La Guitarra & San Rafael)First Quarter of Production at La Guitarra Ahead of Budget
4/19/2011(La Guitarra & San Rafael)Starts Drilling at La Guitarra
3/31/2011(La Guitarra & San Rafael)Reports on La Guitarra Mine Production
6/21/2010(Rosario)Provides Update on Exploration and Project Developments
5/14/2010(San Marcial)3000 Meter Core Drilling Program to Commence on the San Marc...
5/11/2010(San Marcial)High-grade trench sampling assays. Highlights include: 9.70 ...
11/5/2008(San Marcial)Resource Summary And Corporate Update
5/29/2008(San Marcial)3,700 Meter Core Drilling Program Commences on the San Marci...
4/17/2008(San Marcial)Extends Strike Length at San Marcial to 3,500 Meters
3/18/2008(Penasco Quemado)Drills 52.5 Meters With 122 G/T Ag And 0.14% Cu On Its Peñas...
2/22/2008(Lety)Grades of 137.8 g/t silver and 17.85% zinc over 1.55 meters ...
2/11/2008(Penasco Quemado)Drill Program Completed At Peñasco Quemado Property
2/11/2008(Penasco Quemado)DRILL PROGRAM COMPLETED AT PEÑASCO QUEMADO PROPERTY
1/23/2008(Penasco Quemado)Drilling Commences at Penasco Quemado Property
11/28/2007(El Rayo)Acquires El Rayo Claims In Mexico Underground Channel Sampli...
11/23/2007(San Marcial)San Marcial Technical Report
Corporate news of Silvermex Resources Ltd.
6/29/2012Receives Final Court Order Approving Plan of Arrangement
6/26/2012Securityholders Approve Plan of Arrangement with First Majes...
6/6/2012to Resume Trading on OTC Link
5/30/2012Obtains Interim Order For Plan Of Arrangement
4/3/2012First Majestic Announces Friendly Acquisition Of Silvermex R...
4/2/2012Files Form 40-F Registration Statement With the SEC
3/13/2012Reports on OTC Link Trading Status
3/1/2012Aims To Deliver Resource And Production Growth In 2012
2/15/2012Delivers Production Growth in Fourth Quarter 2011
7/29/2010Bloomberg Reports on Silver Market
3/28/2010Emerging Silver Producer - A Silvermex Update...53
12/18/2009Reports Underground Sampling Assays. Highlights Include: 2m ...
12/15/2009Michael Callahan, Prior Hecla Executive, Appointed as New Pr...
12/4/2009Completes acquisition of Rosario Project
11/6/2009Elects New Directors
9/29/2009Contact Change Alert
9/22/2009to Attend the Silver Summit
2/2/2009Closes Brokered Financing Of $1,500,000
12/26/2008announces preliminary assessment and financing
9/3/2008Corporate Update
7/16/2008Commences Drill Program At El Rayo Project, Sonora, Mexico
4/24/2008Company Update
4/10/2008Closes Financing Of $2,906,000
3/25/2008Acquires the La Frazada Mine, Nayarit, Mexico
11/19/2007Short Form Offering Completed
10/9/2007 Options San Marcial Property from Silver Standard
9/21/2007To participate at the Silver Summit, Idaho and related Silve...
7/9/2007Acquires Lety Property In Durango
4/5/2007Closes Financing
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