on days like today, it can be hard to find something positive to say. at least silvermex had something good to report. smr is a junior exploration company in which sso has an equity interest.
they reported the results of their sampling program at the san marcial property, and the strike length is now 3,500 meters long. the area of the old inferred resource (14 million oz. silver) was only 500 meters, so that is significant. they also reported grades as high as 300 grams/ton over 22 meters. that would be great as a drill result, but this is only a sampling. channel and stream samples are just the first step on the long road to building a mine, so this is nothing to get excited about yet.
exploratory drilling will come next, and they are planning a 5,000 meter drill program to expand the resource. these results aren't anything that will move a stock, but they are a necessary step to help the company better understand the geology.
http://www.silvermexresources.com/s/... ...