Starts Drilling at La Guitarra
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
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
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.
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
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.