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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (42363)6/12/2007 7:06:20 PM
From: koan  Read Replies (2) | Respond to of 78430
 
I did my bike ride in the rain-lol. Yes, I remember the northwest has been really wet lately-lol.

Here is the concept re BWR and other plays. Low grade is becomeing very valuable if you can just get at it.

What I love about BWR is they have access to huge amounts of not only regular grade ore, but even more low grade ore.

It is low grade, but they have permits, money and mills; and lots of it and five metals!! zinc,copper,lead,silver and gold. The time has arrived for many metals like nickel where just being able to get your hands on any metal is a big deal.

Zinc, will be needed to coat the entire new world of steel infrastructures needed by the worlds civilizations. Plus the myriad cars, appliances, etc.



To: marcos who wrote (42363)6/12/2007 7:11:35 PM
From: loantech  Read Replies (2) | Respond to of 78430
 
Genco drills 3.3 m of 1,478 g/t Ag at La Guitarra

2007-06-12 19:01 ET - News Release

Mr. Gregory Liller reports

LA GUITARRA UPDATE - GENCO DRILLS 3.3 METERS GRADING 1,478 G/T SILVER AND 31.21 G/T GOLD

Genco Resources Ltd. has released the results of continuing diamond drilling at its La Guitarra mine complex located in the Temascaltepec mining district in Mexico. Drilling on the San Rafael-La Guitarra target returned positive results, including drill hole GDH-109, which intercepted 3.3 metres grading 31.21 grams per tonne gold and 1,478 g/t silver or a silver equivalent (eAg) grade of 3,039 g/t.

La Guitarra and San Rafael underground mines exploit high-grade ore shoots hosted within the La Guitarra shear zone. Drilling since January, 2007, has focused on gathering infill data and expanding the current reserve base. The table details the results of this drilling. None of these holes were used in the Dec. 31, 2006, resource and reserve estimation released in Stockwatch on May 16, 2006. All the results contained in this press release were obtained from core drill samples. Drilling was conducted by BDW drilling Ltd. using NQ-size drill steel.

From stockwatch.



To: marcos who wrote (42363)6/12/2007 9:02:01 PM
From: loantech  Read Replies (1) | Respond to of 78430
 
Genco to raise up to $25-million privately

2007-06-12 19:17 ET - News Release

Mr. Wayne Moorhouse reports

GENCO ANNOUNCES PRIVATE PLACEMENT FOR UP TO CDN $25,000,000

Genco Resources Ltd. has entered into an agreement with Haywood Securities Inc. as lead agent and Salman Partners Inc. pursuant to which the agents have agreed to place, on a best-efforts basis, up to 6.25 million units at a price of $4.00 per unit for gross proceeds of $25-million. Each unit will consist of one common share and one-half share purchase warrant. Each whole share purchase warrant will be exercisable to purchase one common share for $5.25 for a period of two years. The agents have been granted an option to increase the offering by an additional 15 per cent (937,500 units for $3.75-million).

The agents will receive a cash commission of 6 per cent of gross proceeds and broker warrants to purchase that number of shares equal to 6 per cent of the units placed by them. The broker warrants will be priced at $5.25 and exercisable for 12 months from closing.

The offering is subject to certain conditions, including, but not limited to, due diligence and receipt of TSX Venture Exchange and other approvals.

The net proceeds of the placement will be used for continued exploration of the Temascaltepec mining district, development at the company's La Guitarra mining complex, capital investments at La Guitarra and general working capital.