May 12, 2008
Mexican Silver Mines Discovers New High
Grade Veins
at its La Blanca
Property
Mexican Silver Mines Ltd. ("Mexican
Silver") (TSXV: MSM; Frankfurt WKN: A0MSLE) has received the assay
results from three drill holes at its La Blanca property which
have identified a new silver-lead-zinc rich vein.
Mineralization at La
Blanca is hosted in a system of veins. Sulphides
consist of multiphase galena bands with fine to medium grained argentite
and sphalerite, with calcite, quartz and pyrite as gangue minerals,
hosted in calcareous rocks of the Upson Formation.
Previous work by Mexican Silver consisted of trenches on surface in the
area which returned grades of between 897 g/t and 4,110 g/t silver and
values of 59 to 83% lead. Please refer to Mexican Silver's news
release dated May 30, 2007 for additional details regarding this work.
Three drill holes tested the mineralized area for 500 metres in
length, with positive results. All three drill holes cut
mineralization. Material assay results are shown in the following
tables.
Sample
#
|
Drill Hole
#
|
From
m.
|
To
m.
|
Interval
m.
|
Ag
g/ton
|
Pb
%
|
Zn
%
|
ADF
2301
|
AF-01
|
27.54
|
28.42
|
0.93
|
1.4
|
0.037
|
0.04
|
ADF
2302
|
AF-01
|
28.42
|
29.02
|
0.60
|
13.7
|
0.99
|
3.07
|
ADF
2303
|
AF-01
|
29.02
|
29.35
|
0.33
|
0.9
|
0.037
|
0.02
|
ADF
2304
|
AF-01
|
29.35
|
29.85
|
0.5
|
0.9
|
0.037
|
0.007
|
Sample
#
|
Drill Hole
#
|
From
m.
|
To
m.
|
Interval
m.
|
Ag
g/ton
|
Pb
%
|
Zn
%
|
ADF
2305
|
AF-02
|
24
|
24.8
|
0.8
|
1.3
|
0.01
|
0.017
|
ADF
2306
|
AF-02
|
24.8
|
25.36
|
0.56
|
66.1
|
3.97
|
1.77
|
ADF
2307
|
AF-02
|
25.36
|
26.36
|
1.0
|
0.9
|
0.04
|
0.03
|
Sample
#
|
Drill Hole
#
|
From
m.
|
To
m.
|
Interval
m.
|
Ag
g/ton
|
Pb
%
|
Zn
%
|
ADF
2308
|
AF-03
|
10.5
|
11.5
|
1.0
|
3
|
0.18
|
0.039
|
ADF
2309
|
AF-03
|
11.5
|
11.9
|
0.40
|
506
|
4.82
|
17.45
|
ADF
2310
|
AF-03
|
11.9
|
13.02
|
1.12
|
2.1
|
0.08
|
0.092
|
ADF
2311
|
AF-03
|
13.02
|
13.9
|
0.88
|
4.2
|
0.06
|
0.08
|
These drill results have defined veins which average 0.5 metres in
width with attractive mineralization grades and are believed to be part
of a system hosting high grade mineralization encountered in prior trench
testing.
Mexican Silver will extend the trenching program to test 1500 metres of
strike along the vein system with concurrent systematic sampling and
geological mapping. A second phase of drilling is intended to be
undertaken at La Blanca
with the goal of delimiting the mineralization both laterally and to
depth.
All drill core samples were shipped to ALS Chemex Laboratory
("Chemex") for analyses. Chemex has an International Standard
Organization rating of ISO 9001:2000 and is independent of Mexican
Silver. The split drill core sample was crushed and a sub-sample
(aliquot) split off, pulverized and screened through a 150 mesh screen.
Analyses were preformed using standard acid digestion and spectrographic
techniques.
Mexican Silver follows a rigorous Quality Assurance/Quality Control
program consisting of inserting standards and duplicates into the sample
stream submitted to Chemex for analyses.
Mr. William Dynes, P. Geol., the project supervisor of Mexican Silver's
drilling program at La
Blanca, is Mexican Silver's nominated Qualified Person and
is responsible for the quality assurance and quality control of the
programs completed at La
Blanca. Mr. Dynes has reviewed and verified the
technical information contained in this news release.
About Mexican Silver Mines
Mexican Silver Mines is a silver focused junior resource company
developing three former silver producing properties in north-eastern
Mexico. To learn more about Mexican Silver Mines, please visit: www.mexicansilvermines.com.
ON
BEHALF OF THE BOARD OF
MEXICAN SILVER MINES LTD.
___________________________________
Feisal
Somji, B.Sc., MBA
President and Chief Executive Officer
FOR FURTHER INFORMATION, CONTACT:
Thisnews
release contains forward-looking information including but notlimited to
comments regarding the timing and content of upcoming workprograms,
geological interpretations and potential mineral recoveryprocesses.
Forward-looking information includes disclosure regardingpossible future
events, conditions or results of operations that isbased on assumptions
about future economic conditions and courses ofaction, and therefore,
involves inherent risks and uncertainties. Whenused in this news release.
The words "estimated", "inferred",
"plan","anticipated", "expected",
"intend", "believe", and similar expressionsare
intended to identify forward-looking statements. These statementsinvolve
known and unknown risks, uncertainties and other factors thatmay cause
the actual results, performance or achievements of MexicanSilver to be
materially different from any future results, performanceor achievement
expressed or implied by such forward-looking statements.For any
forward-looking information given, management has assumed thatthe
analytical results it has received are reliable, and has
appliedgeological interpretation methodologies which are consistent
withindustry standards. Although management has a reasonable basis for
theconclusions drawn, there can be no assurance that
forward-lookingstatements will prove to be accurate and actual results
may differmaterially from those currently anticipated in such statements.
Forsuch statements, we claim safe harbour.
The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy and
accuracy of this information.
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