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Silvermex Resources Starts Drilling at La Guitarra

Silvermex Resources Inc. ("Silvermex") (TSX: SLX) announces the commencement of a program of underground delineation and exploration drilling at its La Guitarra Mine in the Temascaltepec Mining District, Mexico State, Mexico. The diamond drill contractor has mobilized on site. The present program will consist of approximately 7,500 m of NQ core drilling.

The objective of the delineation drilling is to upgrade known resources to a reserve category, and to evaluate down dip and lateral extensions of existing ore chutes. The exploration drilling will concentrate on identifying new resources within the mine area. The new mine geological team on site has focused on identifying the key structural controls for the La Guitarra mineralization and is confident that the current drill program will be successful in identifying additional mineralization.

Drilling will focus on two different areas of the mine. Exploration drilling will concentrate on the central part of the mine where there is a major flexure in the structure with increased dilatancy. Historically, these dilatant zones have given better widths and grades of mineralization but have not been effectively used to locate new resources. Similar structural flexures have been identified along strike and down dip and will be the subject of future exploration programs.

The second area of focus is the San Rafael zone, along the southeast extension of the La Guitarra structure. This area has recently been dewatered and several crosscuts and drill stations have been prepared. This phase of drilling will aim to upgrade the known mineralization from an indicated resource to a reserve category, which will enable proper mine planning and resource extraction. Several holes will be drilled to test potential down plunge continuity to the mineralization.

The entire program is expected to take approximately three to four months to complete. A new QA/QC program has been initiated to improve and ensure the accuracy and reliability of the drill results. Controls include the insertion of appropriate standards, blanks and duplicate samples. Additionally, approximately 5% of the original samples will have a second split submitted to a second outside laboratory for check assaying. Assay results will be released periodically throughout the drill program.

The data disclosed in this news release have been reviewed and verified by Company Vice President of Exploration Robert Fraser, M.Sc., P.Geo. and Qualified Person as defined by National Instrument 43-101.


Company Profile

Silvermex Resources Inc. is a publicly traded mining company focused in Mexico and led by a highly qualified team of professionals from some of the most notable companies in the silver mining sector. The Company's portfolio of projects ranges from advanced stage exploration to production. Its core asset is the producing La Guitarra silver-gold mine located in the Temascaltepec Mining District of Mexico. Silvermex is currently working to increase production at the mine to full capacity and is conducting extensive exploration to further develop the district. Silvermex is well financed to further develop resources organically from its multiple projects as well as from the acquisition of additional assets that will drive production growth.


ON BEHALF OF THE BOARD
"Duane Nelson"

Duane Nelson
CEO & Director

For more information please visit the Company's website at
www.silvermexresources.com or contact Fiona Grant, Manager of Investor Relations at 604-682-4004.

 

 

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Rapports annuels de Silvermex Resources Ltd.
2008 Annual Report
Annual Report 2007
Financements de Silvermex Resources Ltd.
20/12/2010Silvermex Resources Inc. Closes Brokered Private Placement f...
08/02/2010Fully Subscribed Private Placement
Nominations de Silvermex Resources Ltd.
18/05/2011Appoints New CFO
02/03/2011Appoints New Investor Relations Manager
02/03/2010Appoints New Chief Financial Officer
Rapports Financiers de Silvermex Resources Ltd.
16/05/2012Announces Q1 2012 Financial Results
27/03/2012Reports Positive Financial Performance for the Year 2011
16/08/2011(La Guitarra & San Rafael)Achieves Positive Cash Flow and Low Cost Production at its L...
15/06/2011Reports First Quarter Financial Results
05/04/2011Reports Financial Results for 2010
Projets de Silvermex Resources Ltd.
27/03/2012(La Guitarra & San Rafael)Intersects High Grade Gold at La Guitarra - 306.99 g/t Au an...
26/03/2012(La Guitarra & San Rafael)Surface Drilling Continues to Intersect High-Grade Mineraliz...
14/03/2012(La Guitarra & San Rafael)Underground Drilling Continues To Extend Mineralization At S...
01/03/2012(Penasco Quemado)Initiates Metallurgical Testing of Penasco Quemado Project
21/11/2011(La Guitarra & San Rafael)Initial Surface Drill Results Intersect High Grade Mineraliz...
09/11/2011(La Guitarra & San Rafael)La Guitarra Mine Achieves Full Capacity of Production Ahead ...
04/11/2011(La Guitarra & San Rafael)Intersects Significant Mineralization At La Guitarra
28/09/2011(La Guitarra & San Rafael)Reports Interim Underground Drill Results From La Guitarra
26/09/2011(La Guitarra & San Rafael)Begins Surface Drill Program at La Guitarra
25/04/2011(La Guitarra & San Rafael)First Quarter of Production at La Guitarra Ahead of Budget
19/04/2011(La Guitarra & San Rafael)Starts Drilling at La Guitarra
31/03/2011(La Guitarra & San Rafael)Reports on La Guitarra Mine Production
24/08/2010(San Marcial)Announces Positive Results of San Marcial Drill Program
21/06/2010(Rosario)Provides Update on Exploration and Project Developments
14/05/2010(San Marcial)3000 Meter Core Drilling Program to Commence on the San Marc...
11/05/2010(San Marcial)High-grade trench sampling assays. Highlights include: 9.70 ...
14/04/2009(Penasco Quemado)Acquisition of Penasco Quemado Silver Project Completed
31/03/2009(San Marcial)Initiates Preliminary Economic Assessment on its San Marcial...
23/03/2009(San Marcial)Executes Formal Option Agreement with Silver Standard for Sa...
16/03/2009(La Frazada)Initiates Preliminary Economic Assessments on its La Frazada...
05/11/2008(San Marcial)Resource Summary And Corporate Update
15/10/2008Reports Initial NI 43-101 Resource Estimate for La Frazada P...
15/10/2008(Penasco Quemado)Penasco Quemado Resource Update - Expanded Silver Resources ...
09/10/2008(San Marcial)San Marcial Resource Update - Silver Resource Increases Subs...
08/10/2008(San Marcial)104 g/t Silver Across 93 Meters Returned From San Marcial Si...
29/05/2008(San Marcial)3,700 Meter Core Drilling Program Commences on the San Marci...
18/03/2008(Penasco Quemado)Drills 52.5 Meters With 122 G/T Ag And 0.14% Cu On Its Peñas...
22/02/2008(Lety)Grades of 137.8 g/t silver and 17.85% zinc over 1.55 meters ...
11/02/2008(Penasco Quemado)Drill Program Completed At Peñasco Quemado Property
11/02/2008(Penasco Quemado)DRILL PROGRAM COMPLETED AT PEÑASCO QUEMADO PROPERTY
23/01/2008(Penasco Quemado)Drilling Commences at Penasco Quemado Property
28/11/2007(El Rayo)Acquires El Rayo Claims In Mexico Underground Channel Sampli...
23/11/2007(San Marcial)San Marcial Technical Report
Communiqués de Presse de Silvermex Resources Ltd.
02/04/2012Files Form 40-F Registration Statement With the SEC
15/02/2012Delivers Production Growth in Fourth Quarter 2011
17/11/2011Increases Production and Revenues in Third Quarter of 2011
10/06/2011Files Form 40-F With U.S. Securities and Exchange Commission
16/11/2010and Genco Announce Closing of Business Combination Transacti...
15/11/2010Silvermex and Genco Shareholders Approve Combination Transac...
09/11/2010and Genco Shareholders Approve Combination Transaction
29/07/2010Bloomberg Reports on Silver Market
28/03/2010Emerging Silver Producer - A Silvermex Update...53
18/12/2009Reports Underground Sampling Assays. Highlights Include: 2m ...
15/12/2009Michael Callahan, Prior Hecla Executive, Appointed as New Pr...
04/12/2009Completes acquisition of Rosario Project
06/11/2009Elects New Directors
29/09/2009Contact Change Alert
22/09/2009to Attend the Silver Summit
19/03/2009introduces Stock Research Portal on its website.
02/02/2009Closes Brokered Financing Of $1,500,000
26/12/2008announces preliminary assessment and financing
03/09/2008Corporate Update
16/07/2008Commences Drill Program At El Rayo Project, Sonora, Mexico
24/04/2008Company Update
10/04/2008Closes Financing Of $2,906,000
25/03/2008Acquires the La Frazada Mine, Nayarit, Mexico
19/11/2007Short Form Offering Completed
09/10/2007 Options San Marcial Property from Silver Standard
21/09/2007To participate at the Silver Summit, Idaho and related Silve...
09/07/2007Acquires Lety Property In Durango
05/04/2007Closes Financing
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