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

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To: jackjc who wrote (14259)	6/23/2006 2:40:01 PM
From: loantech	Read Replies (1) of 78412

GENCO NEWS YAHOO! Drilling the area of the old high grade: <In the 18th century the Mina del Agua mine and surrounding area were one of Mexico’s largest silver producers, generating roughly 10% of the country’s total mineral wealth. The mine was well known for its very high, or ‘bonanza’-type, grades of silver and gold, and historical records from the period refer to several kilograms of silver per tonne and several tens of grams of gold per tonne. Historical documents indicate production was valued in excess of $100 per tonne, when prices were roughly $15/oz for gold and $1/oz for silver.> gencoresources.com Genco Resources begins drilling at Mina de Agua 2006-06-23 14:00 ET - News Release Mr. Greg Liller reports GENCO INITIATES DIAMOND DRILL PROGRAM AT MINA DE AGUA Genco Resources Ltd. has commenced diamond drilling on the Santa Ana vein located within the Mina de Agua area of the Temascaltepec mining district. Mina de Agua is located approximately five kilometres from the Genco's La Guitarra mill and La Guitarra and San Rafael mines. The drill program follows extensive surface and underground sampling and mapping programs on the Santa Ana vein. Drilling will test priority targets identified through previous work and will provide information for additional planned exploration drilling and potential test mining of the Santa Ana vein. The Mina de Agua area hosts three principal mineralized veins, Esperanza, San Bernabe and Santa Ana, as well as several other mineralized veins. Reports from the 18th century indicate the Mina de Agua area once produced bonanza grades of silver and gold yet all veins remain undrilled and largely unexplored. The drill program will consist of a minimum 1,000 metres and seven or eight drill holes. Drilling has been contracted to Cordia Drilling of Mexico. A Longyear 38 using NQ-sized core will be used for the work. Drilling will be conducted under the supervision of James McDonald, PGeo, a qualified person for the purposes of NI 43-101 standards of disclosure of mineral projects. Any samples taken will be sawn in half. One-half will be prepped in the lab at La Guitarra and shipped to an accredited third party lab for analysis by ICP with AA finish for gold and silver. Overlimit samples will be reanalyzed using a gravimetric fire assay for gold and either a fire assay with gravimetric finish or an acid digestion with an AA finish for silver. The remaining half of the core sample will be retained for future reference. new.stockwatch.com

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