| | Publié le 24 août 2010 | Announces Positive Results of San Marcial Drill Program |
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Tuesday, August 24, 2010 |
TSX-V:SMR |
Silvermex Announces Positive Results of San Marcial Drill Program |
Silvermex Resources Ltd. ("Silvermex) is pleased to announce that is has completed a twenty-two hole, 3,706.5 meter diamond drill program on its San Marcial silver property located in southern Sinaloa state, Mexico.
The program was designed to provide in-fill drill hole information in order to increase the degree of confidence in the strike and down dip continuity of the mineralized zone identified in previous drill programs.
Initial assay results have been received for all drill holes and check assaying of all of the mineralized intercepts plus selected other intervals is in progress.
Significant silver mineralization occurs in a broad zone over a strike length of at least 350 meters and to a depth of at least 500 meters. In the current drill program silver mineralization occurred over widths varying from 4.45 meters to over 29.0 meters with grades from 72.9 -- 327.0 g/t Ag. A zone of higher grade mineralization with excellent continuity exists with this broader envelope of lower grade material including values of 502.5 g/t Ag over 4.50 meters, 483.2 g/t Ag over 4.50 meters and 335.4 g/t Ag over 5.0 meters.
The mineralization has been closed off to the northwest by a fault but remains open along strike to the southeast where drill hole SM-10-21 encountered 19.45 meters @ 188.5 g/t Ag including 4.70 meters @ 316.7 Ag/t Ag and 5.00 meters @ 335.4 g/t Ag.
Drill hole SM-10-22 was drilled to test the down dip continuation of the mineralized zone. The hole intersected 11.50 meters @224.2 g/t Ag including 4.50 meters @ 483.2 g/t Ag at a depth 50 meters deeper than any previous intersection confirming the potential for additional mineralization at depth.
Michael Callahan, Silvermex President, reports;"We are very pleased with the results of the recent drill program. The program was very successful in fulfilling the objectives we established and the mineralized zone remains open on strike and at depth. It provides the necessary data to complete a new resource block model and comprehensive mine plan. The data will be incorporated into the Preliminary Economic Assessment which is scheduled for completion in Q4 of this year.
Table 1. San Marcial Assay Results 2010 Drilling
Hole No |
From |
To |
Width |
g/t Ag |
SM-10-01 |
60.00 |
83.10 |
23.10 |
90.1 |
including |
60.00 |
61.70 |
1.70 |
156.8 |
SM-10-02 |
107.80 |
129.50 |
21.70 |
91.7 |
including |
122.30 |
128.50 |
6.20 |
168.3 |
SM-10-03 |
46.02 |
75.30 |
29.28 |
95.4 |
including |
48.02 |
53.02 |
5.00 |
304.8 |
SM-10-04 |
100.15 |
119.50 |
19.35 |
104.3 |
including |
105.30 |
108.30 |
3.00 |
279.0 |
SM-10-06 |
154.50 |
180.00 |
25.50 |
132.1 |
including |
156.50 |
161.00 |
4.50 |
502.5 |
SM-10-07 |
138.70 |
153.28 |
14.58 |
131.9 |
including |
103.19 |
104.44 |
1.25 |
258.0 |
SM-10-08 |
101.00 |
120.00 |
19.00 |
112.4 |
including |
116.00 |
120.00 |
4.00 |
408.2 |
SM-10-09 |
114.18 |
133.50 |
19.32 |
72.9 |
including |
102.90 |
104.15 |
1.25 |
142.0 |
SM-10-11 |
118.45 |
137.00 |
18.55 |
94.9 |
including |
122.60 |
125.40 |
2.80 |
211.0 |
SM-10-12 |
118.00 |
134.00 |
16.00 |
89.9 |
including |
123.40 |
127.80 |
4.40 |
172.0 |
SM-10-15 |
53.80 |
67.25 |
13.45 |
327.0 |
including |
54.00 |
55.00 |
1.00 |
3720.0 |
SM-10-19 |
27.00 |
37.00 |
10.00 |
99.8 |
including |
31.50 |
34.00 |
2.50 |
237.8 |
SM-10-20 |
69.85 |
74.3 |
4.45 |
120.1 |
including |
69.85 |
70.85 |
1.00 |
159.0 |
including |
73.35 |
74.30 |
0.95 |
245.1 |
SM-10-21 |
23.65 |
43.10 |
19.45 |
188.5 |
including |
24.60 |
29.30 |
4.70 |
316.7 |
including |
37.50 |
42.50 |
5.00 |
335.4 |
SM-10-22 |
255.70 |
267.20 |
11.50 |
224.2 |
including |
256.70 |
261.20 |
4.50 |
483.2 |
Upon receipt of all of the check assays an updated mineral resource estimate will be prepared. The San Marcial mineralization is known by previous work to respond well to cyanide leaching. Additional metallurgical test work is planned in particular to refine the cyanide leaching process. All samples were sent to ALS Chemex Laboratories sample preparation facility in Guadalajara Mexico with final analysis done at their facilities in Vancouver, BC. Certified standards, blank, and duplicate samples were inserted in every batch of 20 samples to ensure laboratory QA-QC performance. Assaying for gold and silver was by fire assay and other elements by four acid ICP-AES. The San Marcial property forms part of the Company's recently acquired consolidated Rosario Mining Concession. This 16,279 ha concession includes numerous past producing mines including the Plomosas and San Juan mines which were operated by Grupo Mexico until 2001. Pursuant to National Instrument 43-101, Robert Fraser, P.Geo., Vice-President Exploration of Silvermex Resources Ltd. is the Qualified Person (QP) responsible for the disclosure in this news release. About SilvermexSilvermex Resources is a well funded exploration and development company focused on advancing the recently consolidated Rosario/San Marcial Mining Camp in south eastern Sinaloa, Mexico. This mining concession consists of 2 past producing mines and numerous known high-grade deposits. The project has significant resources and historic reserves with extensive production related infrastructure in place. Silvermex is led by a highly experienced and successful team, comprised of top executives from leading corporations in the silver mining sector. On Behalf of the Board of Directors of Silvermex Resources Ltd.Duane Nelson CEO & Director For Further information, contact: Duane Nelson Director, Chief Executive Officer Vancouver, BC, Canada Tel: 604-682-4004 duane@silvermexresources.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results. |
Copyright 2010 Silvermex Resources Ltd. |
Email: info@silvermexresources.com |
Silvermex Resources Ltd. Suite 420 - 609 Granville St. Vancouver, BC, Canada V7Y 1G5 |
Phone: (604) 682-4004 Fax: (604) 682-4009
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Silvermex Resources Ltd.
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PRODUCTEUR |
CODE : SLX.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silvermex Res. est une société de production minière d'argent basée au Canada. Silvermex Res. est productrice d'argent, d'or au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en production est LA GUITARRA & SAN RAFAEL au Mexique et ses principaux projets en exploration sont TRANSVAAL PROPERTY et OEST PROPERTY au Canada et MINA DE AGUA / SANTA ANA PROJECT, LETY, LOBOS, CERRO DE PLATA, EL RAYO, PENASCO QUEMADO, SAN MARCIAL, LA FRAZADA, ROSARIO et LETY au Mexique. Silvermex Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 21,7 millions CA$ (21,3 millions US$, 17,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 25 février 2011 à 1,03 CA$, et son plus bas niveau récent le 30 décembre 2011 à 0,35 CA$. Silvermex Res. possède 44 207 000 actions en circulation. |
Financements de Silvermex Resources Ltd. |
Nominations de Silvermex Resources Ltd. |
Rapports Financiers de Silvermex Resources Ltd. |
Projets de Silvermex Resources Ltd. |
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Communiqués de Presse de Silvermex Resources Ltd. |
29/06/2012 | Receives Final Court Order Approving Plan of Arrangement |
26/06/2012 | Securityholders Approve Plan of Arrangement with First Majes... |
06/06/2012 | to Resume Trading on OTC Link |
30/05/2012 | Obtains Interim Order For Plan Of Arrangement |
03/04/2012 | First Majestic Announces Friendly Acquisition Of Silvermex R... |
02/04/2012 | Files Form 40-F Registration Statement With the SEC |
13/03/2012 | Reports on OTC Link Trading Status |
01/03/2012 | Aims To Deliver Resource And Production Growth In 2012 |
15/02/2012 | Delivers Production Growth in Fourth Quarter 2011 |
29/07/2010 | Bloomberg Reports on Silver Market |
28/03/2010 | Emerging Silver Producer - A Silvermex Update...53 |
18/12/2009 | Reports Underground Sampling Assays. Highlights Include: 2m ... |
15/12/2009 | Michael Callahan, Prior Hecla Executive, Appointed as New Pr... |
04/12/2009 | Completes acquisition of Rosario Project |
06/11/2009 | Elects New Directors |
29/09/2009 | Contact Change Alert |
22/09/2009 | to Attend the Silver Summit |
02/02/2009 | Closes Brokered Financing Of $1,500,000 |
26/12/2008 | announces preliminary assessment and financing |
03/09/2008 | Corporate Update |
16/07/2008 | Commences Drill Program At El Rayo Project, Sonora, Mexico |
24/04/2008 | Company Update |
10/04/2008 | Closes Financing Of $2,906,000 |
25/03/2008 | Acquires the La Frazada Mine, Nayarit, Mexico |
19/11/2007 | Short Form Offering Completed |
09/10/2007 | Options San Marcial Property from Silver Standard |
21/09/2007 | To participate at the Silver Summit, Idaho and related Silve... |
09/07/2007 | Acquires Lety Property In Durango |
05/04/2007 | Closes Financing |
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