| Risk and valuation analysis of the Penasco Quemado Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Penasco Quemado Project |
 | Silvermex Resources Ltd.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Silvermex acquired the rights to explore the exploitation concessions on May 26, 2005, for
four years, along with the option to purchase the concessions from Santos Jaime Castillo
Romo. Santos Jaime Castillo Romo had previously optioned the concess more... |
 | Silver Standard Resources Inc. |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Silvermex advises that Silvermex and Silver Standard Resources Inc. (Silver Standard)
entered into a funding agreement dated April 28, 2005 (the Funding Agreement). Pursuant to
the Funding Agreement, Silver Standard agreed to provide US $150,000 in more... |
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| Location of the Penasco Quemado Project |
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The Peñasco Quemado property is located in the north-central portion of the state of Sonora, Mexico. The property is approximately 70 kilometres (km) southwest of Nogales, on the border with the American state of Arizona and 77 km northwest of the Mexican city of
Magdalena de Kino (Magdalena).
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| History of the Penasco Quemado Project |
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The Peñasco Quemado property was mined on a small scale many years ago, probably prior to the 1910 revolution. Modern exploration activity on the property dates from the early 1960’s when Asarco Mexicana (Asarco) reportedly optioned the property as a more...
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| Geology of the Penasco Quemado Project |
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In general the Peñasco Quemado property is extensively covered by a cap of alluvium and valley fill which varies from 0 to 40 m thick. The alluvium and fill overlie a red conglomerate which is up to 200 m thick as evidenced from drill hole intersecti more...
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