Silvermex receives positive drill results at San Marcial; reveals significant silver mineralization

Silver exploration company Silvermex Resources (TSX-V: SMR) has announced that is has completed a twenty-two hole, 3,706.5 meter diamond drill program on its San Marcial silver property located in southern Sinaloa state, Mexico. The results revealed that significant silver mineralization occurs in a broad zone over a strike length of at least 350 metres and to a depth of at least 500 metres.

The drill program was designed to provide in-fill drill hole information in order to increase the degree of confidence in the strike and down dip continuity of the mineralized zone identified in previous drill programs, it said.

It was found that silver mineralization occurred over widths varying from 4.45 meters to over 29.0 meters with grades from 72.9 -- 327.0 g/t Ag. A zone of higher grade mineralization with excellent continuity exists with this broader envelope of lower grade material, including values of 502.5 g/t Ag over 4.50 meters, 483.2 g/t Ag over 4.50 meters and 335.4 g/t Ag over 5.0 meters.

The mineralization has been closed off to the northwest by a fault, but remains open along strike to the southeast where drill hole SM-10-21 encountered 19.45 meters @ 188.5 g/t Ag including 4.70 meters @ 316.7 Ag/t Ag and 5.00 meters @ 335.4 g/t Ag, the company said.

Drill hole SM-10-22 was drilled to test the down dip continuation of the mineralized zone and it intersected 11.50 meters @224.2 g/t Ag including 4.50 meters @ 483.2 g/t Ag at a depth 50 meters deeper than any previous intersection - confirming the potential for additional mineralization at depth.

"The program was very successful in fulfilling the objectives we established and the mineralized zone remains open on strike and at depth. It provides the necessary data to complete a new resource block model and comprehensive mine plan," said president Michael Callahan.

The data from the program will be incorporated into the preliminary economic assessment, which is scheduled for completion in Q4 of this year, added Callahan. An updated mineral resource estimate will also be prepared.

The San Marcial property forms part of the company's recently acquired consolidated Rosario Mining Concession. This 16,279 ha property includes numerous past producing mines including the Plomosas and San Juan mines, which were operated by Grupo Mexico until 2001.

Silvermex Resources is an exploration and development company focused on advancing the recently consolidated Rosario/San Marcial Mining Camp in south eastern Sinaloa, Mexico. The project has significant resources and historic reserves with extensive production-related infrastructure in place.

The company was up nearly 2.9% this afternoon to
.36.