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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: TheBusDriver	2/13/2008 4:33:47 PM
	of 78417

Excellent news from GGC...did anybody post this before? Genco buys 3,000 t/day ball mill for La Guitarra 2008-02-12 13:51 ET - News Release Mr. Robert Blankstein reports GENCO PURCHASES 3,000 TONNE PER DAY BALL MILL IN ANTICIPATION OF EXPANSION Genco Resources Ltd. has purchased a 3,000-tonne-per-day ball mill that will be incorporated into Genco's production expansion initiative at its La Guitarra mine complex located in the Temascaltepec silver/gold mining district in Mexico state, Mexico. The purchase price for the mill was $1.65-million (U.S.). Genco's president Gregory K. Liller states: "Since our initiation of a full feasibility study, Kappes Cassiday & Associates have been actively sourcing key equipment and components whose availability or delivery lead time could delay the planned expansion of mining, milling and production at La Guitarra. Current quoted delivery times for a new ball mill are one and a half to three years or more, depending on the vendor. The mill purchase correlates closely with Genco's objective to fast track production expansion at La Guitarra and to take advantage of current silver prices. The pro-active purchase of this ball mill will keep Genco on track to achieve its objective of significantly increasing production by the end of 2009. We will continue to work pro-actively to identify, assess and address potential bottlenecks in achieving our goals. Any delay or hesitancy in achieving our production goal is unacceptable to Genco's staff, management and directors."

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