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