esperanza silver, the company that has the joint venture with silver standard at san luis has reported the initial resource estimate at its 100%-owned cerro jumil project. it comes to about 1.1 million ounces in all categories on the first pass. with a grade of just under 1 gram/ton it will be economic, but not great. their estimates are based on $700 gold, so there is room for expansion.

http://biz.yahoo.com/ccn/081001/2008...